California Condo and Town-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 that condo and town-homes values decreased 0.7% to an average price of $416,700 in November of 2016 from $419,800 in October of 2016, but gained 4.9% from price of $397,350 in November of 2015. While, condo and town-homes sales declined 4.6% in November of 2016, from October of 2016, but jumpup 21.4% from November of 2015 for condo and town-homes in California.

There were 2.6 months supplies of available inventory of homes in November of 2016, lower from 2.8 in October of 2016, and down from 3.4 months in November of 2015. An average it took 28.5 days to sell a home in November 2016, higher from 28.1 days in October 2016, but dropped from 34.1 days in November of 2015 for condo and town-homes in California.

C.A.R. Vice President and Chief Economist Leslie Appleton-Young, stated Moreover, with the specter of rates drifting higher, more buyers may rush in to buy homes and compete for a dearth of homes available for sale, which could put upward pressure on home prices and lead to a further decline in affordability.”
For complete more detailed information about the California Association of Realtors’ November of 2016 California condo and town-homes sales and value report, please http://www.car.org/newsstand/newsreleases/2016releases/nov2016sales?view=Standard

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

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Sales and Marketing
Location:
California

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
2,309,144

John Pusa

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