Now It’s Not A Trickle In California

The LA Times reports from California. “Houses and condominium units in Los Angeles, Orange, Ventura, San Bernardino, Riverside and San Diego counties sold at a median price of $385,000 last month, the lowest since April 2004, according to DataQuick. The total number of homes sold, 12,808 in Southern California, was about half the average March sales total since DataQuick began compiling its statistics in 1988. Last month’s sales total was down 41.4% from March 2007.”
“Nearly 38% of homes sold in March had been foreclosed at some point in the prior year, up from 8% in March 2007. In recent months, foreclosure resales typically sold for about 15% less than other homes in the surrounding area, DataQuick said.”
The Union Tribune. “San Diego County’s median home price dropped below the $400,000 mark last month for the first time since late 2003, driven largely by discounted foreclosure sales, DataQuick reported.”
“The median, representing the […]

Original post by Ben Jones

This entry was posted on Tuesday, April 15th, 2008 at 6:30 pm and is filed under Main. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback