So. California home sales jump 22% in April 2008

Real Estate Agent with Bennion Deville Homes CalBRE# 01339266

Home Buyers appear to be coming back to the market in bigger numbers to take advantage of discounted prices.

"Home sales surged 22% in April in Southern California as bargain-hunters bought lower-end homes in areas hardest hit by foreclosures" according to a report by CNN.

Sales of new and resale homes and condos reached 15,615 in April, up from 12,808 in March and the highest monthly total since August, according to DataQuick Information Systems.

This is encouraging news. Prospective Buyers should no longer procrastinate their buying decision, waiting for the market to bottom. If they can afford to purchase now, they should do so.


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
California Los Angeles County Los Angeles
Everything California
Posts to Localism
Condo Specialists
LA Connection
market report
west hollywood
los angeles real estate
home buyers

Spam prevention
Show All Comments
Michael A. Caruso
Surterre Properties - Laguna Niguel, CA

Hi Stewart,

I agree, now is a great time to buy.  Have a good day.  Michael A. Caruso

May 19, 2008 09:35 AM #1
Esko Kiuru
Bethesda, MD


Those are encouraging numbers for Southern California. Las Vegas area is showing similar activity as prices have dropped considerably and mortgage rates continue to cooperate.

May 19, 2008 09:57 AM #2
Rick Tourgee
Robert Paul Properties, Inc. - Provincetown, MA
Provincetown and Cape Cod

For sure, this is the time to buy.  I explain to Buyers that nobody knows where the bottom is until prices turn back up.  Then, the Buyers could end up paying more!

May 20, 2008 09:55 PM #4
Palm Springs Realtor Stewart Penn
Bennion Deville Homes - Palm Springs, CA
Bennion Deville Homes - Broker Associate

A number of new buyers appear to be looking for property in the areas I work. An encouraging sign!

May 25, 2008 02:29 PM #5
Show All Comments

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

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


Palm Springs Realtor Stewart Penn

Bennion Deville Homes - Broker Associate
Ask me a question
Spam prevention

Additional Information