Monday, December 26, 2011

California's unsold home backlog shrinks - Washington Business Journal:

ofycagvezi.blogspot.com
months in April, compared with 9.8 monthsw a year ago. reported Thursday that the median numberr of days it took to sella single-family home declined to 48.7 days, compared with 51.8 days in Apriol 2008 Home sales increased 49.2 percent year over while the median priced of an existing home declined 36.5 CAR reported. Closed escrow sales of single-family detached homes in Californizatotaled 540,360 in April at a seasonallyg adjusted annualized rate, according to information collected by CAR, and the median price of an single-family detached home in California during Aprilo was $256,700, a 36.5 percen t decrease from the revised $404,470 medianh for April 2008.
Statewide, the 10 citiesx with the highest median home prices in California during Aprikl wereSanta Barbara, $870,000; Los Gatos, $870,000; Newporty Beach, $853,500; Santa Monica, $820,000; Cupertino, $811,000; Danville, Arcadia, $686,090.50; Redondo Beach, $660,000; San Clemente, San Ramon, $630,000, and San $625,000.

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