California Home Sales, April 2012

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Real Estate Agent with License # 01767321 BRE# 01767321

California Home Sales, April 2012

Okay so here's the April information for housing in California.  Now, bear in mind that these are statewide statistics and as we all know, real estate is local, down to the neighborhood, not even as big as the city the home is in. I get this information from DQ News which is used widely in the real estate community, but you can go onto their site at any time and check the city reports regarding housing prices under CA City Charts.

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Overall, there was a 2% increase from March in home sales statewide combining both new and used homes.  The good news is that is an 8.6% increase over April of last year.  Things are starting to move again in California. And the median home price was $264,000 which was up 5.2% from March and up 6% from last April.  The homes are starting to regain their value IN CERTAIN PLACES.

Distressed property sales are still making up half of the total sales which is not good.  Personally I'd be happy if we saw less and less of those REO's and short sales and got back to business as it was previously.  I'm not sure when it will happen but hopefully sometime soon. In April 30.3% of the homes sold were foreclosures which was down from both March and last April, but not enough to suit me.  Just sayin'.

You can read more about things such as average mortgage payments by clicking THIS LINK.

If you are thinking of moving to California, my area or others, please don't hesitate to call me for my services or a referral to a Realtor You Can Trust in other parts of the state.  You definitely need a local expert to help you through the process who knows the area and the local real estate market.

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Serving the 210 Corridor - the cities of Monrovia, Duarte, Azusa, Glendora, San Dimas, La Verne, Claremont, Upland, Pomona, Chino, Chino Hills, Rancho Cucamonga and Fontana - wherever the need arises.

Warmest Regards,

Linda K. Mayer, Realtor, SRES

License # 01767321

A Realtor you can Trust!

(626) 824-8927 Cell

LindaKMayer@live.com 

 

 

 

 

 

 

 

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Rainmaker
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Lyn Sims
RE/MAX Suburban - Schaumburg IL Real Estate - Northwest Suburbs of Chicago - Schaumburg, IL
Schaumburg Homes

Glad to hear it. According to the national news media, sales are down. Do they really know what they are talking about?

Jun 10, 2012 09:01 AM #1
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Linda K. Mayer
License # 01767321 - La Verne, CA
Realtor, SRES, SoCAL, A REALTOR YOU CAN TRUST

Lyn, I think that's because in CA they are up but nationally they are down.  This just re-emphasizes my belief that real estate is totally local.  Have a marvelous day!

Jun 10, 2012 09:21 AM #2
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Robert (Vegas Bob) Swetz
REALTY ONE GROUP - LAS VEGAS, NEVADA 702.443.7156 - Las Vegas, NV
Commercial & Residential Real Estate Agent

Hello Linda ... thanks for the update on Cali most of the Las Vegas inventory is gone. The banks have pulled back on many of their homes because of the "Robo Sign" it is very frustrating for Realtors in town ;o(

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Jun 13, 2012 08:22 AM #3
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Linda K. Mayer
License # 01767321 - La Verne, CA
Realtor, SRES, SoCAL, A REALTOR YOU CAN TRUST

Thanks so much for the feature,VB... I hope you're enjoying SF, it's a beautiful city.  Don't forget to eat at the Stinking Rose!  Amazing filet mignon!

Jun 13, 2012 10:15 AM #4
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Linda K. Mayer

Realtor, SRES, SoCAL, A REALTOR YOU CAN TRUST
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