California Real Estate Prices Continue to Climb
Again California real estate values continue to surge. The median home price for a detached home in California in the second quarter of 2004 is $461,730, rising over 25.3 percent over the previous year and setting a new record. The information is reported by the California Association of Realtors.
In case you are curious... here are the the 10 cities and communities with the highest median home prices in California during the second quarter of 2004. I have also included links to search real estate listing within each of the cities: Beverly Hills, $1,410,000; Malibu, $1,400,000; Los Altos, $1,350,000; Manhattan Beach, $1,299,000; Laguna Beach, $1,250,000; Palos Verdes Estates, $1,200,000; Saratoga, $1,175,000; San Marino, $1,120,000; Burlingame, $1,097,500; and Newport Beach, $1,075,000.
On another note according to Dataquick the total number Southern California real estate sales soften by 5% from the previous months sales... possibly due to higher mortgage rates from the few months before. In all there was 32,988 homes sold in Los Angeles, Riverside, San Diego Ventura, San Bernardino and Orange County versus 34,371 the month before. Search current MLS listings in these counties: Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange County.
Interestingly the most expensive counties Orange County and Ventura save real estate sales decline by 16.9% and 16.1% but the least expensive county San Bernardino posted a record of 4,335 home sales which was up 9%.
Lastly it apprears the the most recent information indicates that real estate prices on closed transactions may have decreased an average of 1% from the previous month.
Again... thanks for reading!
Jessie
In case you are curious... here are the the 10 cities and communities with the highest median home prices in California during the second quarter of 2004. I have also included links to search real estate listing within each of the cities: Beverly Hills, $1,410,000; Malibu, $1,400,000; Los Altos, $1,350,000; Manhattan Beach, $1,299,000; Laguna Beach, $1,250,000; Palos Verdes Estates, $1,200,000; Saratoga, $1,175,000; San Marino, $1,120,000; Burlingame, $1,097,500; and Newport Beach, $1,075,000.
On another note according to Dataquick the total number Southern California real estate sales soften by 5% from the previous months sales... possibly due to higher mortgage rates from the few months before. In all there was 32,988 homes sold in Los Angeles, Riverside, San Diego Ventura, San Bernardino and Orange County versus 34,371 the month before. Search current MLS listings in these counties: Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange County.
Interestingly the most expensive counties Orange County and Ventura save real estate sales decline by 16.9% and 16.1% but the least expensive county San Bernardino posted a record of 4,335 home sales which was up 9%.
Lastly it apprears the the most recent information indicates that real estate prices on closed transactions may have decreased an average of 1% from the previous month.
Again... thanks for reading!
Jessie
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