Southern California Residential Real Estate Home Sales – June 2011
Follow
In Southern California 38,975 new and resale homes sold last month. That’s up 9.7% from May 2011 and down 11.4% from June 2010, which was the last month of the Home Buyers’ Tax Credit.
Median price was $253,000, which was up 1.6% from May 2011 and down 6.3% from the $270,000 median of June last year. The median has declined year over year for the past four months.
Non owner occupy buyers purchased 23.6 percent of the Southern California homes sold in June, paying a median $205,000.
Foreclosures were 35% of sales and total distressed was more than half of June’s sales.
| Sales Volume | Median Price | |||||
| All homes | Jun-10 | Jun-11 | %Chng | Jun-10 | Jun-11 | %Chng |
| Los Angeles | 7,849 | 6,809 | -13.30% | $335,000 | $318,000 | -5.10% |
| Orange | 3,423 | 2,947 | -13.90% | $445,000 | $445,000 | 0.00% |
| Riverside | 4,645 | 3,960 | -14.70% | $210,000 | $200,000 | -4.80% |
| San Bernardino | 3,179 | 2,598 | -18.30% | $160,000 | $148,000 | -7.50% |
| San Diego | 3,885 | 3,444 | -11.40% | $335,500 | $330,000 | -1.60% |
| Ventura | 890 | 774 | -13.00% | $384,000 | $355,000 | -7.60% |
| SoCal | 23,871 | 20,532 | -14.00% | $300,000 | $285,000 | -5.00% |
DQ News – June 2011 Southern California Homes Sales
Recent Posts
