Jun
29
2009
An Unsustainable Trajectory In California
Posted by in Mortgage Loan News, tags: Association Of Realtors, Beach Cities, California Association Of Realtors, California News, California Realtors, Daily Breeze, Excerpt, Home Resales, Median Price, News Sources, News Today, Redondo Beach, Single Family, TrajectoryNews Sources wrote an interesting post today on
Here’s a quick excerpt
The Daily Breeze reports from California. “The median price of all South Bay homes sold last month was $513,000, down 12.3 percent from the same month a year earlier, according to a report released by the California Association of Realtors. For strictly single-family home resales, May’s statewide volume was up 35.2 percent over the same period a year earlier. “In the beach cities, the median dropped only 5.8 percent to $801,000. Redondo Beach saw a 14.8 percent drop in its median to $617,50
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