dataquick: Investors push Southern California home sales higher - 01/17/12 05:35 PM
Dataquick stated that investors have pushed home sales in Southern California apx. 14% higher in December than November. The real estate research firm also reported that there were a total of 19,247 resale, new homes and condos sold in Southern California California area in December.
Demand grew for homes priced under $300,000. The fact that more lower-cost homes were sold during the period pushed the median Southern California sales price down to $270,000, compared to $275,000 a month earlier.
The median home value in the area fell 46.5%, when compared to the medain price of $505,000 in mid-2007.
The number of … (0 comments)
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dataquick: SoCal home sales rise on declining prices - 12/14/11 04:34 PM
Information provided by DataQuick stated that the number of homes sold in Southern California rose modestly in November from both October and in 2010, as first-time buyers targeted homes priced below $400,000.
Prices slipped in most areas. There was a total of 16.884 resale and new houses & condos sold in Riverside, San Diego, Ventura, San Bernardio and Orange counties last month.
November existing-home/condo sales rose 5.8% from a year earlier, while new home sales fell 15.2% to the lowest level on record for a November. Distressed property sales accounted for 51.3% of the Southland resale market last month, down from 52.3% … (1 comments)
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dataquick: California foreclosure activity hits four-year low - www.4Malibu.com - 07/19/11 05:38 PM
Mortgage default notice filings in California fell 19.2% in the second quarter over last year, establishing a four-year low when it comes to new foreclosures in the Golden State.
Real estate data firm DataQuick made that report Tuesday, saying it's impossible to come up with a single reason to explain why foreclosure filings in the state fell from 70,051 last year to 56,633 in the most recent second quarter.
DataQuick said it's likely the drop comes from a confluence of factors, including policy changes, political decisions and changes within the mortgage servicing industry.
A lot of theories are being floated as to why … (0 comments)
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dataquick: California's million-dollar home sales on the rise - www.4Malibu.com - 02/14/11 04:32 PM
Although California home sales overall dipped during 2010, the more high-end home sales - those sold for $1 million or more - climbed upward for the first time in five years.
Last year, 22,529 homes sold for $1 million or more, up 21% from 18,621 in 2009 and the highest since 2008, when 24,436 homes sold for $1 million-plus, according to San Diego-based DataQuick Information Systems.
In 2005, million-dollar sales peaked at 54,773, after which they declined each year through 2009.
DataQuick suggests a reason for the increase may be because certain segments of the economy improved in the last year and … (0 comments)
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