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JANUARY HOME SALES JUMP 21% - 03/05/09 01:29 PM
As property prices are reaching lows unseen since 2003, prospective buyers who were waiting on the sidelines are now jumping into the market. The January single-family home median price was $350,000, a 24.7% drop from a year ago, while the condo median price was $190,000, a 48.4% drop.
Sales of existing single-family homes increased 21% in January 2009 compared to January 2008 in the San Fernando Valley, representing a total of 518 homes. In the meantime, condos increased 58.1% with a total of 166 condos sold.
However, as the demand for real estate is increasing, the supply of active listings … (0 comments)
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Mark Gonzales
Sherman Oaks,
CA
More about me…
Rodeo Realty
Office Phone: (818) 986-7300
Cell Phone: (818) 414-1914
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