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California December Home Sales 2012
January 16, 2013 An estimated 39,760 new and resale houses and condos sold statewide last month, up 6.1 percent from 37,481 in November, and up 5.4 percent from 37,734 sales in December 2011, according to San Diego-based DataQuick.
An increase in sales from November to December is normal for the season. December sales in California have varied from a low of 25,585 in 2007 to a high of 66,503 in 2003. Last month’s sales were 9.4 percent below the average of 43,891 sales for all months of December since 1988, when DataQuick's statistics begin.
The median price paid for a home in California last month was $299,000, the highest since it was $301,000 in August 2008. Last month's median was up 2.7 percent from $291,000 in November and up 21.5 percent from $246,000 in December 2011. December was the 10th consecutive month in which the state's median sale price rose year-over-year. In March/April/May 2007 the median peaked at $484,000, then it declined to a low of $221,000 in April 2009.
Of the existing homes sold in December, 15.5 percent were properties that had been foreclosed on during the past year. That was down from a revised 16.9 percent in November and ... more

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