I just read a very interesting article in the L.A. Times and figured to share it with my readers…
Southern California’s housing market held its ground in April, data released Tuesday show, with prices rebounding off their year-earlier lows but sales slipping for the first time in nearly two years as the number of fast-selling foreclosure properties dwindled considerably.
The median price for all Southland houses, town homes and condominiums sold last month was $285,000, a 15.4% increase from the April 2009 bottom, when foreclosures accounted for more than half the resale market. But the closely watched median – the price at which half the homes sold for more money and half for less – was unchanged from March, according to San Diego-based MDA DataQuick.
Sales for the region fell 1% in April compared with a year earlier – the first decline in 22 months – indicating that the Southland’s supply of cheaper, bank-owned properties is tightening when compared with last year’s glut. The month-to-month drop was almost the same, 0.9% compared with March.
“The market’s still taking baby steps on a long road to recovery, trying to find its footing,” MDA DataQuick President John Walsh said. “It’s unclear which of today’s sales characteristics are part of a new reality and which are still temporary turbulence.”
To view the full article please follow this link: Socal Housing Market Holds its Ground
Westside Properties is a full-service real estate boutique brokerage based in Pacific Palisades serving the entire Westside of Los Angeles. We proudly represent the finest properties throughout the Westside.
We work as a team and combine our extensive real estate experience, powerful resources and connections to benefit you whether you are looking you buy or sell a home in today’s exciting and lucrative real estate market.
Call us now to get started on the road to buying or selling your next home.
310.459.8191 or email firstname.lastname@example.org
To preview the finest real estate and the best deals on the Westside of Los Angeles including Pacific Palisades, Santa Monica, Malibu, Brentwood, Bel Air, Beverly Hills, West L.A., Marina Del Rey & Mar Vista please visit our website: http://www.westsidehomefinder.com/ When you are ready to view the properties or just have a question, please contact us: 310.459.8191 or email@example.com
Search for homes in your city:
Pacific Palisades California Real Estate ׀ Pacific Palisades Homes ׀ Pacific Palisades Homes for Sale
Malibu California Real Estate ׀ Malibu Homes ׀ Malibu Homes for Sale
Santa Monica California Real Estate ׀ Santa Monica Homes ׀ Santa Monica Homes for Sale
Brentwood California Real Estate ׀ Brentwood Homes ׀ Brentwood Homes for Sale