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04-13-2010, 09:09 PM #1
Home prices up in all 6 SoCal counties
Home prices up in all 6 SoCal counties
April 13th, 2010, 2:39 pm by Jeff Collins
County - Median price - Vs. 2009 Sales Vs. 2009
L.A. - $329,000 - 9.7% - 6,747 - 13.0%
Orange - $432,000 12.2% 2,652 9.0%
Riverside - $198,000 5.9% 4,156 -5.7%
San Bernardino - $152,000 1.3% 2,955 2.0%
San Diego - $330,000 15.8% 3,227 6.9%
Ventura - $375,000 15.0% 739 -4.8%
SoCal - $285,000 14.0% 20,476 5.0%
The Southern California housing market strengthened its grip on recovery in March, with home-price gains throughout the region and sales increasing in all but two local counties, according to MDA DataQuick.
San Diego and Ventura counties had the biggest price gains, with increases of 15% or better from March 2009. The Inland Empire posted the smallest gains. Regionwide, the median price of a home increased 14% to $285,000.
Although last month was the 21st in a row to see sales up, the 20,500 transactions still were significantly below average. March sales have averaged nearly 25,000 during the past 23 years.
“It’s a reflection of just how grim things got that we’ve now had almost two years of sales gains and we’re still 18 percent below the sales average,â€NO AMNESTY
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