August 2013 Southern California Real Estate Market Report

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

SOUTHERN CALIFORNIA INVENTORY RISES ALONG WITH SALES AND THE MEDIAN HOME PRICE

Although the inventory of homes for sale in Southern California has shown some upward movement, it hasn't hampered the real estate recovery. In August 2013, the number of Southern California real estate sales increased, as did the median home price, when compared to figures and prices from one year earlier. In addition, distressed sales continued to decline, as more Southern California homeowners regained lost equity, and were able to complete standard real estate sales, as opposed to a short sale or losing their home to foreclosure.

Get all of the juicy details in the real estate market video report below >>>

AUGUST 2013 VERSUS AUGUST 2012 REAL ESTATE MARKET ACTIVITY

·        Los Angeles County’s Real Estate Sales Increased 1.5%

·        Los Angeles County’s Median Sales Price Increased 28.1%

Aug 2012 # of Sales

Aug 2013 # of Sales

7,917

8,038

 

Aug 2012 Median Sales Price

Aug 2013 Median Sales Price

$335,000

$429,000


·        Orange County’s Real Estate Sales Increased 4.2%

·        Orange County’s Median Sales Price Increased 25.8%

Aug 2012 # of Sales

Aug 2013 # of Sales

3,337

3,477

 

Aug 2012 Median Sales Price

Aug 2013 Median Sales Price

$445,000

$560,000


·        Riverside County’s Real Estate Sales Increased 6.3%

·        Riverside County’s Median Sales Price Increased 26.2%

Aug 2012 # of Sales

Aug 2013 # of Sales

3,520

3,740

 

Aug 2012 Median Sales Price

Aug 2013 Median Sales Price

$210,000

$265,000


·        San Bernardino County's Real Estate Sales Increased 2.5%

·        San Bernardino County's Median Sales Price Increased 25.1%

Aug 2012 # of Sales

Aug 2013 # of Sales

2,705

2,773

 

Aug 2012 Median Sales Price

Aug 2013 Median Sales Price

$168,000

$210,250


·        San Diego County’s Real Estate Sales Increased 3%

·        San Diego County’s Median Sales Price Increased 20.2%

Aug 2012 # of Sales

Aug 2013 # of Sales

3,981

4,099

 

Aug 2012 Median Sales Price

Aug 2013 Median Sales Price

$345,250

$415,000


·        Ventura County’s Real Estate Sales Increased 4.9%

·        Ventura County’s Median Sales Price Increased 23.3%

Aug 2012 # of Sales

Aug 2013 # of Sales

978

930

 

Aug 2012 Median Sales Price

Aug 2013 Median Sales Price

$365,000

$450,000


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Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Gina - Thank you for sharing an excellent blog about August 2013 Southern California real estate market report.

Oct 07, 2013 11:05 AM #1
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Rainer
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Momentum Realty

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