December 2011 Home Sales in California

December 2011 Home Sales in California

Okay, so it's time for the December 2011 California Housing Report... and this time it's only a couple of days late... really, I AM catching up, I am, I am!  DQ News has released their monthly report  for December 2011 on the state of thehousing market in California.  

Home sales in California were up by 15.5% from November, which is quite a huge jump.  This is a jump from December 2010 of 4.2%  It seems as if things are looking up for the California Housing Market!  

The median home price went up to $246,000 from $244,000 in the month of November.  This figure is down from $254,000 in 2011.  This goes along with things we are seeing in our area.  real Estate is becoming more and more localized where you see one city's prices edging up while the city next door may be heading downward.

Another topic DQ News reports on is the amount of "distressed" homes.  Short sales made up approximately 20% of the sales for the month while 34.2% were homes that had been foreclosed on within the past year.

To read more of the statistics, please read the article HERE.

 And as always, if you want to buy or sell real estate in the area, or simply have questions about real estate, please feel free to contact me.  I will be more than happy to assist you. Call me for your free home market analysis!

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