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Friday, October 21, 2011

California home sales rise in September - Los Angeles Times

California home sales up 6.7% in September

Bargain hunters snap up foreclosures, and the median home price continues to fall.

  • The median price for a home sold in California in September was $249,000, down 6% from a year earlier and the same as in August. That makes for the 12th consecutive year-over-year monthly decrease in the median, which is the point at which half the homes sold for more and half for less.
The median price for a home sold in California in September was $249,000,… (Amy Sancetta, Associated Press)
October 15, 2011|By Alejandro Lazo, Los Angeles Times

California home sales picked up in September from the same month last year as prices came down.

Sales were up 6.7% as bargain hunters paying cash snapped up foreclosures. Sales figures remained below the average for September in Southern California and the Bay Area, according to DataQuick, a real estate information service based in San Diego. As is typical, sales were lower than in August, down 6.2%, for a total of 35,404 homes sold last month.

California home sales rise in September - Los Angeles Times
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Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale

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