California Home Sales in November 2011

California Home Sales in November 2011

Okay, so a bit late due to the holidays, but never the less, here it is.  Your California report for November.  

According to DQ News, the home sales completed were down 4.2% from October 2011 and up 4% from November 2010.  we could assume that this means we are on the roller coaster of an uphill run.  What I mean by that is that year over year we are trending upward, but the last month was higher so we are going up and down still from month to month at this point.  Foreclosures and short sales - distressed sales - are still making up more than half the total of our homes sale here in California.  

The median home price paid in November was up to $244,000 which is up 1.7% from October and down 4.3% from last November.  It's hard to tell if we are still trending down from this or if it was simply a bad month.  But with home prices in my area still falling one would assume that the state as a whole is falling as well. And the mortgage payments that homeowners committed themselves to in November was $931, up from $924 in October and down from $1010 in November 2010.  

You can read more about it HERE.

If you are interested in buying or selling or simply have questions about real estate, please feel free to contact me.  I will be more than happy to assist you!

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
Linda's Website