· Increased sales activity in move-up and high-end houses helped drive the price spike, DataQuick said. Region-wide, July’s median price was the highest since $308,500 in September 2008.
· Although California home sales overall dipped during 2010, the more high-end home sales – those sold for $1 million or more – climbed upward for the first time in five years. Last year, 22,529 homes sold for $1 million or more, up 21% from 18,621 in 2009 and the highest since 2008, when 24,436 homes sold for $1 million-plus, according to San Diego-based DataQuick Information Systems.
November 2014 sales were 26.7 percent below the November average of 21,340 sales. Between January and November of this year, home sales were down 9.8 percent from the same 11-month period in 2013. "southern california home sales are closing on a low note in 2014,” said Andrew LePage, data analyst for CoreLogic DataQuick.
Other signs of distress seemed be easing, as delinquencies stopped growing, banks acted on their foreclosure backlogs, more homes were listed for sale. “The high-end, particularly along the coast,
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That was up 33.3 percent from 15,359 in February, and up 5.0 percent from 19,506 in March 2009, according to MDA DataQuick of San Diego. Sales always go up from February to March. Last month was the 21st in a row with a year-over-year sales increase. The March sales average is 24,936 going back to 1988, when DataQuick’s statistics begin.
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The highest sale price in 2010. DataQuick Information Systems Inc. That was a 17.6 percent increase from 5,239 in 2009, while still only half of the 12,214 homes sold in that price range in 2005,
· And ended up a short sale. These are the homes that have had some of the biggest price cuts, and yet they haven’t sold. And as we wind up the season for high-end homes here in the foothills, we’re left with 107 homes for sale priced $1,039,000 to $13,500,000 vs just 19 mil+ homes sold since Jan 1 – from $1,050,000 to $2,200,000. What now.