California Home Sales, August 2011

CALIFORNIA HOME SALES, AUGUST 2011


Okay, so I was looking at an article, (reading requires brain participation and I think my brain is on vacation today) in DQ news about the home sales in CALIFORNIA for August 2011.  The good news is that August was up from July by 8.8%!  Things are looking up, although it seemed like the slowest summer on record.  It was also up 10.2% from last August.  The article suggested that home prices are continuing to decline with the median sales price being $249,000 which was down from July by 1.2% and last August by 4.2%  



In the article it mentions distressed home sales (short sale and foreclosed on homes) making up more than half of CALIFORNIA'S sales for the month.  34.6% of the existing homes sold last month were REO's (foreclosed on homes).  That was up .1% from July and down from 35.6% last August.  Short sale statistics claimed a whopping 17.8% of the sales in August which was up .5% from July and down .2% from last August.


For further information, check out the article HERE.


CALIFORNIA LIVING!

Warmest Regards,
Linda K. Mayer,
Realtor, Office Manager  
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
(909) 670-2711 Direct
LindaKMayer@live.com
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