On April 17, 2018, California Association of Realtors (C.A.R) reported that condo and town-homes values increased 1.3% at an average price of $460,500 in March of 2018 from an average price of $454,500 in February of 2018, and rose 8.4% from $407,100 in March of 2017. While, condo and town-homes sales jumped 40.4% in March of 2018, from February of 2018, but declined 6.4% from March of 2017 in California.
There were 2.3 months supplies of available inventory of condo and town-homes in March of 2018 down from 3.1 months in February of 2018, but unchanged from 2.3 months in March of 2017. An average it took 12.0 days to sell a condo and town- home in March 2018, lower from 14.0 days in February of 2018, and fell from 17.0 days in March of 2017 in California.
For complete more detailed information about the California Association of Realtors’ March of 2018 California condo and town-homes sales and value report, please click HERE