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California Home Sales Up in August 10.2%

 
SUMMARY
Report from California Association of Realtors
 
Number of Homes Sold Are Up
Los Angeles 1.7%, Orange County 9.4%, Riverside 11.2%, San Bernardino 18.9%, San Diego 5.7%, Ventura 7.0%.
 
Prices On Homes Are Down
Los Angeles –7%, Orange County –9.3%, Riverside -2,9%, San Bernardino -6.4 San Diego –4%, Ventura –2.3%.
  • Inventory of homes was at 5 months in August, down from 5.5 months.
  • Thirty-year fixed-mortgage interest rates averaged 4.27% during August 2011, down from 4.43% in August 2010. 
  • Days on Market was 52.7 days in August 2011, compared with 45.5 days for the same period a year ago.

In a nutshell interest rates are low, selection is high and prices are very affordable.

Don’t hestate to call with any questions at 714-360-4444

Mark Armitage – RE/MAX College Park Realty DRE# 01330129

You can check out additional details on this report from the California Association of Realtors.
http://www.car.org/newsstand/newsreleases/2011newsreleases/augsalesprice/

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