July 2013 Southern California Real Estate Market Report

By
Real Estate Agent with North Orange County CA Real Estate Specialists BRE# 01277795

REAL ESTATE INVENTORY, SALES AND PRICES ALL INCREASE IN SOUTHERN CALIFORNIA

The Southern California real estate market continued to improve in July 2013, with both sales and prices jumping throughout the 6 county area, even with the recent increases in interest rates and real estate inventory. Changes were noted in the type of financing used to buy a home in Southern California, and the new "Back to Work" FHA loan program should bring about even more changes in the near future. Get all of the juicy details in the real estate market video report below >>>

 

JULY 2013 VERSUS JULY 2012 REAL ESTATE MARKET ACTIVITY

·        Los Angeles County’s Real Estate Sales Increased 17.8%

·        Los Angeles County’s Median Sales Price Increased 28.8%

July 2012 # of Sales

July 2013 # of Sales

7,091

8,353

 

 

 

July 2012 Median Sales Price

July 2013 Median Sales Price

$330,000

$425,000

 

·        Orange County’s Real Estate Sales Increased 42.6%

·        Orange County’s Median Sales Price Increased 19.9%

July 2012 # of Sales

July 2013 # of Sales

3,087

4,402

 

 

 

July 2012 Median Sales Price

July 2013 Median Sales Price

$450,000

$539,500

 

·        Riverside County’s Real Estate Sales Increased 14.9%

·        Riverside County’s Median Sales Price Increased 25.9%

July 2012 # of Sales

July 2013 # of Sales

3,546

4,076

 

 

 

July 2012 Median Sales Price

July 2013 Median Sales Price

$210,500

$265,000

 

·        San Bernardino County's Real Estate Sales Increased 20.8%

·        San Bernardino County's Median Sales Price Increased 24.2%

July 2012 # of Sales

July 2013 # of Sales

2,434

2,941

 

 

 

July 2012 Median Sales Price

July 2013 Median Sales Price

$165,000

$205,000

 

·        San Diego County’s Real Estate Sales Increased 26.9%

·        San Diego County’s Median Sales Price Increased 22.1%

July 2012 # of Sales

July 2013 # of Sales

3,565

4,524

 

 

 

July 2012 Median Sales Price

July 2013 Median Sales Price

$342,000

$417,500

 

·        Ventura County’s Real Estate Sales Increased 29.8%

·        Ventura County’s Median Sales Price Increased 24.6%

July 2012 # of Sales

July 2013 # of Sales

865

1123

 

 

 

July 2012 Median Sales Price

July 2013 Median Sales Price

$361,250

$450,000

 

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John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

Great information Gina.  Hopefully we see the trend continue thru the end of the year!

Sep 03, 2013 08:36 AM #1
Rainmaker
1,034,266
Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

what an awesome report to share with your local clients and prospects Gina!

Sep 03, 2013 09:30 AM #2
Rainer
298,462
Momentum Realty
North Orange County CA Real Estate Specialists - Yorba Linda, CA
Orange County CA Real Estate Agent

Hi Mark and John,

Thanks for stopping by to read/watch my post, and thanks so much for taking the time to comment! Hope you're both having a great week,

Gina

Sep 04, 2013 03:48 AM #3
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Rainer
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Momentum Realty

Orange County CA Real Estate Agent
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