Southern California real estate

Home Prices Soar

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Southern California home prices went up in July across Southern California as the already hot housing market saw continued high demand and persistently low inventory. According to a report from CoreLogic, the six-county Southern California area’s median price climbed 7.7% from a year earlier, hitting $501,000. Despite the fact that the market rebound is now in its sixth year, the …

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Southland Home Prices Keep Rising

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Home Prices Hit Record Again Across Southern California, home prices hit record highs in June and they keep going up, according to a report released this week by CoreLogic. In Los Angeles County, the median home price in June jumped 7.4% from a year earlier to $569,000 in June, breaking the previous record that was set in May. In Orange …

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Summer 2017 Real Estate Market Update

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Homes in Southern California are selling like hotcakes, with record selling times and prices in some local markets. After watching prices climb for five years, some home buyers are feeling that they may miss out on an opportunity to purchase if they don’t act fast; as a result, homes that are attractive and priced well are frequently selling with multiple offers …

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April 2017 Real Estate Market Update

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The start of the year ushered in a wave of good news about a hot stock market, higher wages and an active home sales environment. At the same time, housing prices have continued to rise, and the low inventory situation and affordability crunch has been particularly hard on first-time buyers struggling to get into the market. Nevertheless, buyer activity is …

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March Real Estate Market Update

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The start of the year ushered in a wave of good news about a hot stock market, higher wages and an active home sales environment. At the same time, housing prices have continued to rise, and the low inventory situation and affordability crunch has been particularly hard on first-time buyers struggling to get into the market. Nevertheless, buyer activity is …

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Real Estate Market Update – November 2016

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A Look at the Local and California Real Estate Market Statewide and locally, October’s real estate market showed healthy increases in median prices. Inventory remains extremely low, both statewide and in our local market. Statewide, the median price remained above the $500,000 mark for the seventh straight month, with little signs of slowing down. The median price of an existing, …

Are home values at record highs

Are Home Values At Record Levels?

shannonjones Featured Articles , Long Beach Real Estate , Real Estate , Real Estate Market Update , Seal Beach Real Estate , Signal Hill Leave a Comment

Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report. The report announced that the median existing-home price in June was $236,400. That value surpasses the peak median sales price set in July 2006 ($230,400). This revelation created many headlines exclaiming that home prices had hit a “new record”: Wall Street Journal:   Existing-Home Prices Hit Record …