California Single Family Homes Sales And Values Report November 2016

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CBRE #01044712

On December 19, 2016, California Association of Realtors (C.A.R) reported an annualized rate of 442,320 single family homes sold in California in November of 2016 declined 0.1% from 442,970 in October of 2016, but jumped 17.7% from 375,850 units in November of 2015. While, homes values dropped 2.3% to an avarage price of $501,710 in November of 2016 from $513,520 in October 2016, but gained 4.9% from price of $478,140 in November of 2015 in California. The average square foot of single family home was $250.00 in November of 2016, higher from $247.00 in October of 2016, and rose from $236.00 in November of 2015 in California.

There were 3.1 months supplies of available inventory of homes in November of 2016, down from 3.4 in October of 2016, and fell from 4.2 months in November of 2015. An average it took 29.7 days to sell a home in November 2016, up from 29.4 days in October 2016, but decreased from 37.6 days in November of 2015 in California.
C.A.R. President Geoff McIntosh, stated “Additionally, near-universal expectation of the Federal Reserve’s rate increase may have given many buyers a sense of urgency to get into the market before rates rise further.”
For complete more detailed information about the California Association of Realtors’ November of 2016 in California homes sales and value report, please CLICK HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

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Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning John. The California market is very strong and should reamin so for some time! Enjoy your day!

Dec 20, 2016 05:06 AM #1
Rainmaker
2,305,033
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

 Wayne Martin I agree, California RE market is strong. Thanks for the comment.

Dec 20, 2016 03:45 PM #2
Rainmaker
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Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

Hi John, what a great market report for NOvember 2016 homes sales in California.

Dec 21, 2016 05:26 PM #3
Rainmaker
2,305,033
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Sybil Campbell  Glad you find the report useful. Thanks for the comment.

Dec 21, 2016 06:40 PM #4
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Rainmaker
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John Pusa

Your All Time Realtor With Exceptional Service
I will be very happy to assist you with your real estate needs.
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