Calling All California Realtors! What Do You Make of This?

California Realtors, What Do You Make of This?

Realtor.com just reported on the 11 cities in which homes sell the fastest.  Of the Top 11, CA cities claimed 7 of the spots and the edited list is below.  In your opinion, to what factors should we attribute this relatively quick turnaround?  Is it smart pricing at the outset? Reasonable and/or motivated sellers? Cash buyers?  Jumbo-conforming financing in line with median sales price?  Inventory?  Job economies?  Etc.?

I'd be really curious to get your thoughts from the front lines, so just reply below.

Nationally, the median for homes for days on the market was 160 in March, which is an increase of 40 percent in a year.  Here is a list of the cities with the fewest median days on the market from March:

1)  Oakland, Calif.                                                                                       
Median days on the market: 50
Median list price: $319,000

2)  San Francisco
Median days on the market: 63
Median list price: $639,000

T4)  Los Angeles-Long Beach, Calif.
Median days on the market: 70
Median list price: $345,000

T4)  Stockton-Lodi, Calif.
Median days on the market: 70
Median list price: $175,000

T4)  Bakersfield, Calif.
Median days on the market: 70
Median list price: $141,500

T5)  San Jose, Calif.
Median days on the market: 71
Median list price: $470,000

T5)  Fresno, Calif.
Median days on the market: 71
Median list price: $170,000

Source: REALTOR® Magazine online (April 27, 2011)