Southland home sales edge up, prices level off
July 13, 2010

La Jolla, CA---Southern California's housing market continued its slow crawl toward normalcy in June as sales volume rose and the median price slipped back a notch from May, but remained 13 percent higher than a year ago. Red-hot, fire-sale deals continued to give way to mere bargains in the lower- cost inland markets where first-time buyers and investors have competed fiercely, a real estate information service reported.
A total of 23,871 new and resale homes were sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month. That was up 7.2 percent from 22,270 in May, and up 2.6 percent from 23,262 for June 2009, according to MDA DataQuick of San Diego.
The sales count was the highest since July last year when 24,104 homes were sold. It was the strongest month of June since 2006 when 31,602 homes sold. The average June since 1988 has had 28,086 sales.
"The market was wildly out of kilter a year ago, now it's just somewhat out of kilter. We're still seeing lots of bargain hunting, and we're not seeing much discretionary buying. The single-biggest issue is still mortgage financing. Rates may be at record lows, but that doesn't mean much if the lender won't qualify you," said John Walsh, MDA DataQuick president.
"Still, more money was spent last month buying homes in Southern California than in the past two years, and more money was loaned. The tax credits had something to do with that, though it's not clear exactly how much. With the impact of the credits fading fast, the next few months will tell us a lot." The median price paid for a Southland home was $300,000 last month. That was down 1.6 percent from $305,000 in May, and up 13.2 percent from $265,000 for June 2009. The low point of the current cycle was $247,000 in April 2009, the high point was $505,000 in mid 2007. The median's peak-to-trough drop was due to a decline in home values as well as a shift in sales toward low-cost homes, especially foreclosures.
Foreclosure resales accounted for 33.0 percent of the resale market last month, down from 33.9 percent in May, and down from 45.3 percent a year ago. The all-time high was February 2009 at 56.7 percent, DataQuick reported.
Government-insured FHA loans, a popular choice among first-time buyers, accounted for 39.0 percent of all mortgages used to purchase homes in June.
Last month 20.8 percent of all sales were for $500,000 or more, compared with 22.2 percent in May and 19.3 percent a year ago. Zip codes in the top one-third of the Southland housing market, based on historical prices, accounted for 29.6 percent of existing single-family house sales last month, down from 31.0 percent in May but up from 27.8 percent a year ago. Over the last decade those high-end areas have contributed a monthly average of 33.3 percent of regional sales. Their contribution to overall sales hit a low of 21.0 percent in January 2009.
High-end sales would be stronger, and the overall market recovery more robust, if adjustable-rate mortgages (ARMs) and "jumbo" loans were more available. Both have become much more difficult to obtain since the August 2007 credit crisis.
While 43.9 percent of all Southland purchase mortgages since 2000 have been ARMs, it was 6.6 percent last month, up from 6.5 percent in May and up from 2.7 percent in June last year.
Jumbo loans, mortgages above the old conforming limit of $417,000, accounted for 17.3 percent of last month's purchase lending, up from 17.2 percent in May and from 14.9 percent in June 2009. Before the credit crisis, jumbos accounted for 40 percent of the market.
Absentee buyers – mostly investors and some second-home purchasers – bought 19.7 percent of the homes sold in June, paying a median of $220,000. Buyers who appeared to have paid all cash – meaning there was no indication that a corresponding purchase loan was recorded – accounted for 23.5 percent of June sales, paying a median $213,000. In February this year cash sales peaked at 30.1 percent. The 22-year monthly average for Southland homes purchased with cash is 14.1 percent.
The "flipping" of homes has also trended higher over the past year. Last month the percentage of Southland homes flipped – bought and re-sold – within a six-month period was 3.4 percent, while a year ago it was 1.9 percent. Last month it varied from as little as 3.0 percent in Orange and San Diego counties to as much as 3.8 percent in Los Angeles County.
MDA DataQuick, a subsidiary of Vancouver-based MacDonald Dettwiler and Associates, monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts.
The typical monthly mortgage payment that Southland buyers committed themselves to paying was $1,251 last month, down from $1,293 for May, and up from $1,193 for June a year ago. Adjusted for inflation, current payments are 44.3 percent below typical payments in the spring of 1989, the peak of the prior real estate cycle. They were 54.4 percent below the current cycle's peak in July 2007.
Indicators of market distress continue to move in different directions. Foreclosure activity remains high by historical standards but is lower than peak levels reached over the last two years. Financing with multiple mortgages is low, down payment sizes are stable, and non-owner occupied buying is above- average, MDA DataQuick reported.

Southern California median price and sales volume up
March 16, 2010

La Jolla, CA---Southern California home sales in February were above year-ago levels for the 20th month in a row as buyers continued to snap up bargain properties with government-backed mortgages and tax incentives. The median price paid for a home rose on a year-over-year basis for the third consecutive month, a real estate information service reported.
A total of 15,359 new and resale homes sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month. That was virtually unchanged from 15,361 in January, and up 0.8 percent from 15,231 in February 2009, according to MDA DataQuick of San Diego.
The February sales average is 17,983 going back to 1988, when DataQuick's statistics begin. The sales distribution remains tilted toward lower-cost distressed homes, although not as steeply as most of last year.
"It's possible the stars won't line up this way again for many years. With prices and mortgage interest rates this low, the cost of ownership is about as low as we've seen it in decades," said John Walsh, MDA DataQuick president.
The median price paid for a Southland home was $275,000 last month, up 1.3 percent from $271,500 in January, and up 10.0 percent from $250,000 for February 2009.
The median peaked at $505,000 in mid 2007 and appears, so far, to have bottomed out at $247,000 in April last year. The peak-to-trough drop in median was due to a decline in home values as well as a shift in sales toward lower-cost homes.
"The market is less lopsided, but before a real rebalancing occurs adjustable-rate and jumbo mortgages need to come back. Not to where they were in 2007, but back to where they were a few years before that," Walsh said.
While 44.8 percent of all Southland purchase mortgages since 2000 have been adjustable-rate (ARMs), it was 4.0 percent last month, down from 4.3 percent in January and up from 2.1 percent in February last year.
Jumbo loans, mortgages above the old conforming limit of $417,000, accounted for 14.8 percent of last month's purchase lending, up from 14.2 percent in January and from 10.7 percent in February 2009. Before the credit crisis in the fall of 2007, jumbos accounted for 40 percent of the market.
Foreclosure resales accounted for 42.3 percent of the resale market last month, up from 42.1 percent in January, and down from 56.7 percent a year ago, which was the all-time high.
Government-insured FHA loans, a popular choice among first-time buyers, accounted for 38.5 percent of all home purchase loans in February.
Absentee buyers – mostly investors and some second-home purchasers – bought 18.9 percent of the homes sold in February. Buyers who appeared to have paid all cash – meaning there was no indication that a corresponding purchase loan was recorded – accounted for 29.3 percent of February sales. In January it was a revised 29.7 percent – an all-time high. The 22-year monthly average for Southland homes purchased with cash is 13.8 percent.
The "flipping" of homes has also trended higher over the past year. Last month the percentage of Southland homes flipped – bought and re-sold – within a three-week to six-month period was 3.4 percent, up from 1.6 percent a year ago. Last month the flipping rate varied from as little as 2.8 percent in Riverside and Ventura counties to as much as 4.1 percent in Los Angeles County.
MDA DataQuick, a subsidiary of Vancouver-based MacDonald Dettwiler and Associates, monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts.
The typical monthly mortgage payment that Southland buyers committed themselves to paying was $1,180 last month, up from $1,172 for January, and up from $1,114 for February a year ago. Adjusted for inflation, current payments are 47.0 percent below typical payments in the spring of 1989, the peak of the prior real estate cycle. They were 56.6 percent below the current cycle's peak in July 2007.
Indicators of market distress continue to move in different directions. Foreclosure activity remains high by historical standards but is lower than peak levels reached over the last two years. Financing with multiple mortgages is low, down payment sizes are stable, and non-owner occupied buying is above-average, MDA DataQuick reported.

 

Southland home sales, median price edge above year-ago level
February 16, 2010

La Jolla, CA---Southern California home sales eked out a modest gain in January compared with a year earlier but fell sharply – as they normally do – from December. The median price paid rose above the year-ago level for the second consecutive month, but fell 6 percent from December as foreclosures and lower-cost inland markets claimed a higher share of sales, a real estate information service reported.
A total of 15,361 new and resale homes closed escrow last month in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties. That was down 31.2 percent from December’s 22,328, but up 0.9 percent from 15,227 in January 2009, according to MDA DataQuick of San Diego.
A decline in sales between December and January is normal for the season. On average, sales have fallen 28.4 percent between those two months since 1988, when DataQuick’s statistics begin.
January’s 15,361 sales mark the highest total for that month since 18,128 sales in January 2007. However, last month’s tally was 14.4 percent below the average number of sales for a January – 17,938 – since 1988.
Last month the sales pattern shifted a bit, with a greater portion of transactions involving distressed properties and lower-cost inland homes. Meanwhile, sales in many pricier areas lost some of the steam they had built in recent months, though high-end sales still outpaced the year-ago level.
Foreclosure resales – houses and condos sold in January that had been foreclosed on in the prior 12 months – made up 42.1 percent of all Southland resales, up from 39.6 percent in December but down from 56.4 percent in January 2009. Foreclosure resales hit a high of 56.7 percent last February, then tapered or leveled off month-to-month until they rose slightly in December, then again last month.
The rise in foreclosure resales helped push sales of homes priced below $300,000 up to 55 percent of all transactions last month, compared with 51.3 percent in December and 60 percent a year earlier. In the mid- to high-end, $500,000-plus home sales fell to 18.5 percent of all transactions, down from 20.6 percent in December but up from 13.6 percent in January 2009.
Over the last decade, $500,000-plus sales made up an average of 26 percent of monthly sales. Just before the credit crunch hit in August 2007, making larger “jumbo” mortgages more expensive and harder to obtain, $500,000-plus sales represented just over half of Southland transactions.
“The January stats underscore just how atypical this market remains. A huge chunk of what’s selling is still distressed. Investors and first-time buyers continue to dominate many areas, while the move-up market has yet to kick in. For many, the financing to buy high-end homes remains difficult, if not impossible, to obtain,” said John Walsh, MDA DataQuick president.
“High-end sales aren’t nearly as sluggish as a year ago, but they lost traction over the holidays, which can be seen in the January closing data,” he said. “Whether significant new patterns are emerging in the market is unclear. We try not to over-analyze one month’s data, and historically January and February haven’t been the best indicators for the year ahead.”
The median paid for all Southland houses and condos sold in January was $271,500, down 6.1 percent from $289,000 in December but up 8.6 percent from $250,000 a year earlier. It was the median’s second consecutive year-over-year increase. In December 2009 the median rose 4 percent from a year earlier, marking the first time the median had increased year-over-year since August 2007, when it rose 2.7 percent to $500,000, near its all-time peak. In late 2008 and early 2009, the year-over-year declines in the median ranged from 30 to 40 percent.
On a month-to-month basis, the median had increased or held steady for eight consecutive months before dropping 6 percent in January compared with December. January’s median was 46.2 percent lower than the peak Southland median of $505,000 reached during several months in early and mid 2007.
Part of the January median’s drop from December can be explained by the shift toward a higher portion of Southland sales occurring inland: The percentage of sales that were in the Inland Empire (Riverside and San Bernardino counties) rose to 35.2 percent, up from 32.3 percent in December and the highest since it was 36.3 percent in May 2009.
Last month offered no signs of improvement in the jumbo mortgage market, which fuels sales in the higher-cost coastal areas. Mortgages above $417,000 – formerly the definition of a jumbo loan – accounted for 14.2 percent of all home purchase loans, down from a 13-month high of 16.7 percent in December 2009. Such jumbo loans made up nearly 40 percent of purchase loans before the August 2007 credit crunch.
Another gauge on the state of financing for high-end sales showed no change last month from December: 4.4 percent of purchase loans had an adjustable rate, the same as in December but up from 2.2 percent a year earlier. Use of adjustable-rate mortgages (ARMs) remains extremely low in an historical context. Over the last decade, ARMs averaged 40 percent of monthly purchase loans.
Government-insured FHA loans, a popular choice among first-time buyers, accounted for 36.9 percent of all home purchase mortgages in January. That’s down from 42.2 percent a year ago but up from 5.7 percent two years ago and up from 0.4 percent three years ago.
Absentee buyers – mostly investors and some second-home purchasers – bought 22.3 percent of the homes sold in January. That was up from 19.8 percent in December and up from 16.6 percent a year earlier. It was the highest for any month since at least 2000. San Bernardino County saw the highest percentage – 30.2 percent – sold to absentee buyers last month.
Buyers who appeared to have paid all cash – meaning there was no indication of a corresponding purchase loan being recorded – accounted for 28.9 percent of January sales, based on an analysis of public records. That’s up from 25.7 percent in December and up from 22 percent in January 2009. January’s figure was the highest since at least 1988. The 22-year monthly average for Southland homes purchased with cash is 13.9 percent.
Home “flipping” also trended higher in January, when 3.5 percent of the homes sold were ones that had previously sold between three weeks and six months prior. January’s flipping rate varied from as little as 2.3 percent of all sales in San Diego County to as much as 4.5 percent in Ventura County. A year ago no Southland county had a flipping rate over 2.1 percent.
MDA DataQuick, a subsidiary of Vancouver-based MacDonald Dettwiler and Associates, monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts.
The typical monthly mortgage payment that Southland buyers committed themselves to paying was $1,170 last month, down from $1,231 in December, and up from $1,081 a year earlier. Adjusted for inflation, current payments were 47.0 percent below typical payments in the spring of 1989, the peak of the prior real estate cycle. They were 56.6 percent below the current cycle’s peak in July 2007.
Indicators of market distress continue to move in different directions. Foreclosure activity remains high by historical standards, although mortgage default notices have flattened out or trended lower in many areas. Financing with multiple mortgages is low, and down payment sizes are stable, MDA DataQuick reported.

 

Southern California home sales inch up; median price steady
October 13, 2009

La Jolla, CA---Southland home sales edged higher last month, bolstered by late-closing summer transactions, low mortgage rates and buyers hoping to take advantage of a soon-to-expire tax credit. The region’s median sale price remained lower than in September 2008 but, for the first time in years, several counties logged year-over-year gains in the median price paid for resale houses, a real estate information service reported.
Last month 21,539 new and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties. That was up 0.2 percent from 21,502 in August and up 5.1 percent from 20,497 a year earlier, according to MDA DataQuick of San Diego.
September marked the 15th month in a row with a year-over-year sales gain, although last month’s was the smallest of those increases. Sales for the month of September have averaged 24,873, ranging from a low of 12,455 in September 2007 to a high of 37,771 in 2003, based on DataQuick’s statistics, which go back to 1988. Last month’s sales were the highest for a September since 2006, when 24,195 sold.
The small uptick in September sales from August was atypical. On average, sales have fallen 9.5 percent between those two months.
“There were more than just normal, seasonal forces at work in these September sales numbers. More attempts at short sales, which typically take longer, and new appraisal rules no doubt delayed some deals this summer, causing them to close in September rather than August. September probably also got a boost from people opting to buy sooner rather than later to take advantage of the federal tax credit for first-time buyers, which is set to expire next month,” said John Walsh, MDA DataQuick president.
The median price paid for a Southland home was $275,000 last month, the same as in August but down 10.9 percent from $308,500 in September 2008. It was the median’s smallest year-over-year decline for any month since November 2007, when it dipped 10.3 percent from a year earlier.
The region’s overall median sale price has risen or held steady on a month-to-month basis ever since it dropped to a more-than 7-year low of $247,000 in April. The median peaked at $505,000 in mid 2007.
Three Southland counties saw small year-over-year gains last month in the median price paid for resale single-family detached houses. Orange County also posted a small annual gain – 0.9 percent – in its overall median price, the first for any month since August 2007, when it rose 1.9 percent.
Orange County’s 4.2 percent year-over-year increase in its resale house median last month was also the first for any month since August 2007, when that median rose 3.6 percent. San Diego County’s median price paid last month for resale houses rose 1.5 percent from a year ago, the first annual gain since August 2007, when it rose 0.9 percent. Ventura County’s September resale house median rose 2.2 percent - the first year-over-year increase since October 2006, when it climbed 1.3 percent.
Recent month-to-month and year-over-year gains in the median sale price stem largely from a substantial market shift in recent months: There have been fewer sales of foreclosed homes in lower-cost neighborhoods, and more sales in higher-cost areas.

Foreclosure resales – houses and condos sold in September that had been foreclosed on at some point in the prior 12 months – made up 40.4 percent of all Southland homes resold last month. That was down slightly from a revised 41.7 percent foreclosure resales in August and down from a high of 56.7 percent in February this year.
As sales of lower-cost foreclosure resales have tapered off, sales of higher-cost homes have risen. Last month sales of $500,000-plus homes accounted for 21 percent of resale single-family house transactions, up from a low this year of 13.4 percent in January.
Although the financing environment for pricier homes appears to have improved in recent months, the “jumbo” loans that many high-end buyers require remain relatively expensive and difficult to obtain.
Mortgages above $417,000 – formerly the definition of a jumbo loan – made up nearly 40 percent of Southland purchases before the credit crunch hit two years ago. Last month they accounted for 15.1 percent, though that was up from a 2009 low of 9.3 percent in January and 13.3 percent a year ago.
The use of adjustable-rate mortgages (ARMs), often used for high-end purchases, has risen lately but remains far below normal. Over the past two decades ARMs accounted for nearly 40 percent of all home purchase mortgages. Last month ARMs made up 4.1 percent of purchase loans, up from 3.9 percent in August and a record-low 1.9 percent this April. A year ago ARMs were 7.2 percent of purchase loans; three years ago they were 71.2 percent.
A common form of financing used by first-time buyers in more affordable neighborhoods remained near record levels. Government-insured FHA mortgages made up 36.4 percent of all home purchase loans last month, down from 37.4 percent in August but up from 32.7 percent a year ago.
The typical monthly mortgage payment that Southland buyers committed themselves to paying was $1,189 last month, down from $1,207 for August, and down from $1,486 in September a year ago. Adjusted for inflation, current payments were 46.3 percent below typical payments in the spring of 1989, the peak of the prior real estate cycle. They were 56.0 percent below the current cycle’s peak in July 2007.
Indicators of market distress continue to move in different directions. Foreclosure activity remains high by historical standards. Financing with multiple mortgages is low, down payment sizes are stable, and non-owner occupied buying is above-average in some markets, MDA DataQuick reported.

 
Southland home sales rise again as higher-cost areas awaken
August 18, 2009

La Jolla, CA---Southern California homes sold last month at the fastest clip for a July in three years and the fastest pace for any month since December 2006. The median price paid rose slightly from June – marking the third consecutive month-to-month gain – as sales in pricier coastal areas continued to rise and sales of lower-cost foreclosures waned, a real estate information service reported.
A total of 24,104 new and resale houses and condos closed escrow in San Diego, Orange, Los Angeles, Ventura, Riverside and San Bernardino counties last month. That was up 3.6 percent from 23,262 in June and up 18.6 percent from 20,329 a year ago, according to San Diego-based MDA DataQuick.
July’s sales total was 8.7 percent lower than the average number sold in July – 26,410 – since 1988, when DataQuick’s statistics begin. July home sales have ranged from a low of 16,225 in July 1995 to a peak of 38,996 in 2003.
Sales have increased year-over-year for 13 consecutive months. They’ve been driven higher by increased affordability, low mortgage rates, plentiful government-insured FHA financing for first-time buyers, robust investor demand and, more recently, improved access to the “jumbo” financing used to buy more expensive homes.
Last month the share of Southland purchase loans above $417,000 rose to 15.1 percent, the highest since it was 15.6 percent in August 2008. These “jumbo” mortgages became more expensive and more difficult to obtain after the credit crunch hit in August 2007. Before then, nearly 40 percent of Southland sales were financed with jumbo loans, then defined as over $417,000.
Although sales of lower-cost foreclosures have tapered off, the high end of the housing market has awakened this summer from a long slumber, during which sales had been at or near record lows. July sales of existing single-family houses rose above a year ago in many coastal towns, including Manhattan Beach, Redondo Beach, Huntington Beach, Newport Beach, Carlsbad, Encinitas and La Jolla. Among the higher-cost Southland communities not posting such a gain were Malibu, Rancho Palos Verdes, Beverly Hills, Brentwood and Del Mar.
Across the Southland, resales of single-family houses priced $500,000 and above rose to 20.1 percent of all existing houses sold in July, compared with a low this year of 15.0 percent in March. However, a year ago 27.2 percent of sales were for more than $500,000.

 
California Second Quarter Mortgage Defaults Edge Down
July 22, 2009

La Jolla, CA.--The number of foreclosure proceedings started against California homeowners fell slightly in the April-through-June period compared with the prior three months, but remained higher than last year. The dip from earlier this year occurred as lenders and their loan servicers took time to revise procedures and priorities in an environment of continuing home price depreciation, economic distress and mortgage defaults, a real estate information service reported.
Lenders sent out a total of 124,562 default notices during the second quarter (April through June). That was down 8.0 percent from the prior quarter's record 135,431 default notices, and up 2.4 percent from 121,673 in second quarter 2008, according to MDA DataQuick.

 

Southland home sales highest since late ’06; median price up again
July 15, 2009

La Jolla, CA---Southern California home sales rose in June to the highest level in 30 months as the number of deals above $500,000 continued to climb. June’s sales gain, plus another rise in the region’s median sale price, indicate buyers responded to price cuts on mid- to high-end homes and found it easier to secure financing for pricier abodes, a real estate information service reported.
A total of 23,262 new and resale houses and condos closed escrow in San Diego, Orange, Los Angeles, Ventura, Riverside and San Bernardino counties last month. That was up 12.0 percent from 20,775 in May and up 29.0 percent from a revised 18,032 a year ago, according to San Diego-based MDA DataQuick.
Sales have increased year-over-year for 12 consecutive months.
The typical monthly mortgage payment that Southern California buyers committed themselves to paying was $1,193 last month, up from $1,052 the previous month, and down from $1,762 a year ago. Adjusted for inflation, current payments are 46.0 percent below typical payments in the spring of 1989, the peak of the prior real estate cycle. They are 55.7 percent below the current cycle's peak in July 2007.
Indicators of market distress continue to move in different directions. Foreclosure activity remains near record levels, while financing with adjustable-rate mortgages is near the all-time low but has recently edged higher. Financing with multiple mortgages is low, down payment sizes and flipping rates are stable, and non-owner occupied buying is above-average in some markets, MDA DataQuick reported.

 

Million-dollar home sales plummet in Golden State
February 3, 2009

California million-dollar home sales plunged last year to their lowest level in five years, the result of a bone-dry mortgage market for prestige-home financing, as well as a decline in the value of many homes just over the million-dollar threshold, a real estate information service reported.
A total of 24,436 Golden State homes sold for a million dollars or more last year. That was down 42.5 percent from 42,506 in 2007. It was the lowest sales count since 20,595 were sold in 2003. In 2006 the $1 million-plus total was 50,010, in 2005 it was 54,773, and in 2004 it was 36,990, according to MDA DataQuick.
Total California home sales - including all price levels - increased 2.5 percent last year, to 393,703 from 383,748 in 2007. Of last year's sub-$1 million sales, at least 2,052 homes had previously sold for more than a million. One in sixteen homes sold for a million dollars or more last year; the year before it was one in nine.
While the number of home purchase mortgages below the old $417,000 conforming limit increased by 21 percent last year, the number above decreased by 51 percent, DataQuick reported.
Statewide, there were 608 sales for more than $5 million last year, 386 sales were in the $4-$5 million range, 963 in the $3 million range, 2,899 sales in the $2 million range, and the rest between $1 million and $2 million. The 608 sales for more than $5 million was a record high, up 7.6 percent from 565 in 2007.
Around 24 percent of the $1 million-plus buyers paid cash, up from 14 percent in 2007. In the over-$5 million category, more than half of the purchases were cash. Of those who did finance their purchase, the median down payment was 30 percent of the purchase price. Lending institutions most willing to provide mortgage financing were Wells Fargo, Bank of America and Union Bank.
There are 8.51 million homes in California. Of those, 254,745, or 3 percent, are assessed for more than a million dollars by county assessor offices, DataQuick reported.

 

 

 

По материалам DQNews

Southern California median price and sales volume up
Sales Volume
Median Price
All homes
Jun-09
Jun-10
%Chng
Jun-09
Jun-10
%Chng
Los Angeles   
7,636  
7,849  
2.8%   
$320,000  
$335,000  
4.7%
Orange        
2,958  
3,423  
15.7%   
$418,000  
$445,000  
6.5%
Riverside     
4,694  
4,645  
-1.0%   
$185,000  
$210,000  
13.50%
San Bernardino
3,438  
3,179  
-7.5%   
$140,000  
$160,000  
14.30%
San Diego     
3,692  
3,885  
5.2%   
$314,250  
$335,500  
6.8%
Ventura       
844  
890  
5.5%   
$365,000  
$384,000  
5.2%
SoCal         
23,262 
23,871  
2.6%   
$265,000  
$300,000  
13.20%
Southern California median price and sales volume up
Sales Volume
Median Price
All homes
Feb-09
Feb-10
%Chng
Feb-09
Feb-10
%Chng
Los Angeles   
4,590   
5,034
9.7%   
$299,000   
$315,000   
5.4%
Orange        
1,879   
1,986
5.7%   
$375,000   
$417,000   
11.2%
Riverside     
3,420   
3,199
-6.5%   
$190,000   
$197,000   
3.7%
San Bernardino
2,324   
2,095
-9.9%   
$153,000   
$150,000   
-2.0%
San Diego     
2,473   
2,465
-0.3%   
$285,000   
$322,000   
13.0%
Ventura       
545   
580
6.4%   
$327,000   
$350,000   
7.0%
SoCal         
15,231  
15,359
0.8%   
$250,000   
$275,000   
10.0%
Southland home sales January 2010,
median price edge above year-ago level
Sales Volume
Median Price
All homes
Jan-09
Jan-10
%Chng
Jan-09
Jan-10
%Chng
Los Angeles   
4,532
5,228
15.40%
$300,000
$325,000
8.30%
Orange        
1,806
1,867
3.40%
$370,000
$425,000
14.90%
Riverside     
3,320
3,162
-4.80%
$195,000
$195,000
0.00%
San Bernardino
2,532
2,252
-11.10%
$162,000
$150,000
-7.40%
San Diego     
2,459
2,322
-5.60%
$280,000
$305,000
8.90%
Ventura       
578
530
-8.30%
$335,000
$360,000
7.50%
SoCal         
15,227
15,361
0.90%
$250,000
$271,500
8.60%
Sales Volume & Median Price of September 2008/2009
 
Sales Volume
Median Price
All homes
Sep-08
Sep-09
%Chng
Sep-08
Sep-09
%Chng
Los Angeles   
6,274
7,138
13.8%
$360,000
$330,000
-8.3%
Orange        
2,667
2,828
6.0%
$425,000
$429,000
0.9%
Riverside     
4,551
4,312
-5.3%
$237,500
$185,000
-22.1%
San Bernardino
2,831
3,023
6.8%
$205,000
$150,000
-26.8%
San Diego     
3,366
3,454
2.6%
$328,000
$325,000
-0.9%
Ventura       
808
784
-3.0%
$385,000
$371,750
-3.4%
SoCal         
20,497
21,539
5.1%
$308,500
$275,000
-10.9%
Sales Volume & Median Price of July 2008/2009
 
Sales Volume
Median Price
All homes
Jul-08
Jul-09
%Chng
Jul-08
Jul-09
%Chng
Los Angeles
6,592
8,082
22.60%
$400,000
$321,000
-19.80%
Orange
2,799
3,128
11.80%
$461,000
$420,000
-8.90%
Riverside
4,116
4,699
14.20%
$260,000
$185,000
-28.80%
San Bernardino
2,521
3,549
40.80%
$230,000
$140,000
-39.10%
San Diego
3,431
3,809
11.00%
$364,000
$320,000
-12.10%
Ventura
870
837
-3.80%
$420,000
$375,000
-10.70%
SoCal
20,329
24,104
18.60%
$348,000
$268,000
-23.00%
Notices of Default
(first step in foreclosure process) (houses and condos)
County/Region
2008Q2
 2009Q2
Yr/Yr%
Los Angeles          
21,632
24,622
13.8%
Orange               
7,564
8,261
9.2%
San Diego            
9,519
9,866
3.6%
Riverside            
14,974
14,302
-4.5%
San Bernardino       
11,817
10,852
-8.2%
Ventura              
2,303
2,431
5.6%
Imperial             
635
721
13.5%
SoCal
68,444
71,055
3.8%
Million Dollar Home Sales, ranked by 2008 sales #s
Zip
Community
2007
Sales #
2008
Sales #
2008's
Most Expensive
90266
Manhattan Beach
403
296
$6.90 mill.
94010
Hillsborough
384
274
$8.26 mill.
95014
Cupertino
396
263
$5.65 mill.
95070
Saratoga
383
260
$5.20 mill.
94025
Menlo Park
323
258
$5.45 mill.
92130
Del Mar
387
247
$5.20 mill.
92037
La Jolla
404
246
$14.39 mill.
90049
Brentwood
332
219
$18.00 mill.
90272
Pacific Palisades
303
214
$16.00 mill.
94506
Danville
424
213
$3.01 mill.
92253
La Quinta
308
208
$5.85 mill.
94024
Los Altos
239
204
$4.58 mill.
90210
Beverly Hills
275
192
$18.00 mill.
90275
Rancho Palos Verde
254
181
$7.50 mill.
94941
Mill Valley
301
178
$5.40 mill.
93108
Santa Barbara
203
175
$26.61 mill.
92651
Laguna Beach
267
173
$7.50 mill.
94114
San Francisco
209
167
$5.63 mill.
94062
Woodside
193
166
$9.50 mill.
94070
San Carlos
236
160
$2.68 mill.
94539
Fremont
292
160
$3.50 mill.
92648
Huntington Beach
221
159
$3.00 mill.
92660
Newport Beach
257
158
$8.16 mill.
94022
Los Altos
208
157
$12.00 mill.
95120
San Jose
279
157
$2.55 mill.