California Home Sales Move Higher in August
California Home Sales Move Higher in August
California Home Sales Move Higher in August
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September 11, 2012 (Chris Moore)

Monthly sales of new and existing homes in California increased for the first time in three months according to real estate information provider DataQuick while home prices held steady from the previous month.

An estimated total of 41,280 new and existing homes and condos were sold in the Golden State in August. That was 4.5 percent higher than the 39,507 homes sold in July and 9.4 percent higher than the 37,734 homes sold in August 2011.

Home sales in the state typically decrease 3.5 percent between July and August. Despite being 14.1 percent below the historical average of 48,061 sales for the month, home sales have improved year-over-year for the last 13 months.

Distressed property sales accounted for 38.2 percent of all re-sales in August, down from 40.5 percent in July, with homes that had been foreclosed on in the previous twelve months accounting for 20.0 percent of the existing home sales. That was down from a revised 21.7 percent in July and down from 34.3 percent in August of 2011.

Foreclosure re-sales are down by nearly two-thirds since the market peaked in February 2009 when foreclosure re-sales accounted for 58.5 percent of the resale market.

Short sales accounted for an estimated 18.2 percent of all re-sales last month, down from 18.8 percent in July. In August of last year, short sales accounted for 17.5 percent of all existing home sales.

The median sales price for a home in California increased 2.6 percent to $281,000, unchanged from July but was still 14.1 percent higher than the median price of $249,000 posted in August of 2011. It was the sixth consecutive increase in year-over-year prices in the state following 18 months of declines.

The statewide current cycle peak price was $484,000 in early 2007, while the low during the current cycle was $221,000 in August 2009.

Tags: California real estate, new and re-sale homes, condos, sales, median home prices, distressed properties, short sales, typical mortgage payment

Source:
DataQuick

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September 11, 2012 (Chris Moore)

Monthly sales of new and existing homes in California increased for the first time in three months according to real estate information provider DataQuick while home prices held steady from the previous month.

An estimated total of 41,280 new and existing homes and condos were sold in the Golden State in August. That was 4.5 percent higher than the 39,507 homes sold in July and 9.4 percent higher than the 37,734 homes sold in August 2011.

Home sales in the state typically decrease 3.5 percent between July and August. Despite being 14.1 percent below the historical average of 48,061 sales for the month, home sales have improved year-over-year for the last 13 months.

Distressed property sales accounted for 38.2 percent of all re-sales in August, down from 40.5 percent in July, with homes that had been foreclosed on in the previous twelve months accounting for 20.0 percent of the existing home sales. That was down from a revised 21.7 percent in July and down from 34.3 percent in August of 2011.

Foreclosure re-sales are down by nearly two-thirds since the market peaked in February 2009 when foreclosure re-sales accounted for 58.5 percent of the resale market.

Short sales accounted for an estimated 18.2 percent of all re-sales last month, down from 18.8 percent in July. In August of last year, short sales accounted for 17.5 percent of all existing home sales.

The median sales price for a home in California increased 2.6 percent to $281,000, unchanged from July but was still 14.1 percent higher than the median price of $249,000 posted in August of 2011. It was the sixth consecutive increase in year-over-year prices in the state following 18 months of declines.

The statewide current cycle peak price was $484,000 in early 2007, while the low during the current cycle was $221,000 in August 2009.

Tags: California real estate, new and re-sale homes, condos, sales, median home prices, distressed properties, short sales, typical mortgage payment

Source:
DataQuick

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools

September 11, 2012 (Chris Moore)

Monthly sales of new and existing homes in California increased for the first time in three months according to real estate information provider DataQuick while home prices held steady from the previous month.

An estimated total of 41,280 new and existing homes and condos were sold in the Golden State in August. That was 4.5 percent higher than the 39,507 homes sold in July and 9.4 percent higher than the 37,734 homes sold in August 2011.

Home sales in the state typically decrease 3.5 percent between July and August. Despite being 14.1 percent below the historical average of 48,061 sales for the month, home sales have improved year-over-year for the last 13 months.

Distressed property sales accounted for 38.2 percent of all re-sales in August, down from 40.5 percent in July, with homes that had been foreclosed on in the previous twelve months accounting for 20.0 percent of the existing home sales. That was down from a revised 21.7 percent in July and down from 34.3 percent in August of 2011.

Foreclosure re-sales are down by nearly two-thirds since the market peaked in February 2009 when foreclosure re-sales accounted for 58.5 percent of the resale market.

Short sales accounted for an estimated 18.2 percent of all re-sales last month, down from 18.8 percent in July. In August of last year, short sales accounted for 17.5 percent of all existing home sales.

The median sales price for a home in California increased 2.6 percent to $281,000, unchanged from July but was still 14.1 percent higher than the median price of $249,000 posted in August of 2011. It was the sixth consecutive increase in year-over-year prices in the state following 18 months of declines.

The statewide current cycle peak price was $484,000 in early 2007, while the low during the current cycle was $221,000 in August 2009.

Tags: California real estate, new and re-sale homes, condos, sales, median home prices, distressed properties, short sales, typical mortgage payment

Source:
DataQuick

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.