For release:
\nAugust 15, 2011<\/p>\n
LOS ANGELES (Aug. 15) \u00e2\u20ac\u201c California home sales fell in July but were up from the previous year, the CALIFORNIA ASSOCIATION OF REALTORS\u00c2\u00ae (C.A.R.) reported today.<\/p>\n
Closed escrow sales of existing, single-family detached homes in California dropped 4.1 percent to a seasonally adjusted 458,440 units in July, according to information collected by C.A.R. from more than 90 local REALTOR\u00c2\u00ae associations and MLSs statewide.\u00c2\u00a0 July home sales were up 4.5 percent from the 438,850 units sold in July 2010.\u00c2\u00a0 The statewide sales figure represents what would be the total number of homes sold during 2011 if sales maintained the July pace throughout the year.\u00c2\u00a0 It is adjusted to account for seasonal factors that typically influence home sales.<\/p>\n
\u00e2\u20ac\u0153Although July sales improved over last year, they were somewhat weaker than expected, given current prices and mortgage rates,\u00e2\u20ac\u009d said C.A.R. Vice President and Chief Economist Leslie Appleton-Young.\u00c2\u00a0 \u00e2\u20ac\u0153Economic uncertainty and recent developments in financial markets have caused hesitation among buyers, the effects of which we may see in the coming months.\u00c2\u00a0 We must see sustained job and income gains along with an increase in consumer confidence before we can expect to see consistent improvement in the housing market,\u00e2\u20ac\u009d Appleton-Young added.<\/p>\n
The statewide median price of an existing, single-family detached home sold in California dipped 0.3 percent in July to $294,230 from a revised $295,210 in June.\u00c2\u00a0 July\u00e2\u20ac\u2122s median price was down 7.6 percent from the $318,550 recorded in July 2010.<\/p>\n
\u00e2\u20ac\u0153Despite the uncertain outlook, interest rates are at near-record lows, and home prices are favorable,\u00e2\u20ac\u009d said C.A.R. President Beth L. Peerce.\u00c2\u00a0 \u00e2\u20ac\u0153Well-qualified, motivated buyers who expect to own their home for more than a few years should carefully study their options now.\u00e2\u20ac\u009d<\/p>\n
Other aspects of C.A.R.\u00e2\u20ac\u2122s resale housing report for July 2011 include:<\/p>\n
Note:\u00c2\u00a0 The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS\u00c2\u00ae throughout the state, and represent statistics of existing single-family detached homes only.\u00c2\u00a0 County sales data are not adjusted to account for seasonal factors that can influence home sales.\u00c2\u00a0 Movements in sales prices should not be interpreted as changes in the cost of a standard home.\u00c2\u00a0 Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold.\u00c2\u00a0 Due to the low sales volume in some areas, median price changes in June may exhibit unusual fluctuation.<\/p>\n
Leading the way…\u00c2\u00ae in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS\u00c2\u00ae (www.car.org) is one of the largest state trade organizations in the United States, with more than 160,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.<\/p>\n
# # #<\/p>\n
July 2011 County Sales and Price Activity
\n(Regional and condo sales data not seasonally adjusted)<\/p>\n
Jul-11<\/strong><\/td>\n| Median Price of Existing | \nSingle-Family Homes<\/strong><\/td>\n Sales<\/strong><\/td>\n<\/tr>\n | State\/Region\/County<\/strong><\/td>\n | July<\/strong><\/td>\n | Jun-11<\/strong><\/td>\n | \u00c2\u00a0<\/strong><\/td>\n | July<\/strong><\/td>\n | \u00c2\u00a0<\/strong><\/td>\n | MTM% | \nChg<\/strong><\/td>\n YTY% | \nChg<\/strong><\/td>\n MTM% | \nChg<\/strong><\/td>\n YTY% | \nChg<\/strong><\/td>\n<\/tr>\n 2011<\/strong><\/td>\n | 2010<\/strong><\/td>\n<\/tr>\n | California | \nSingle-family (SAAR)<\/td>\n $294,230<\/td>\n | $295,210<\/td>\n | r<\/td>\n | $318,550<\/td>\n | r<\/td>\n | -0.30%<\/td>\n | -7.60%<\/td>\n | -4.10%<\/td>\n | 4.50%<\/td>\n<\/tr>\n | California | \nCondo\/Townhomes<\/td>\n $232,290<\/td>\n | $236,260<\/td>\n | r<\/td>\n | $253,150<\/td>\n | r<\/td>\n | -1.70%<\/td>\n | -8.20%<\/td>\n | -12.80%<\/td>\n | -2.90%<\/td>\n<\/tr>\n | Los Angeles | \nMetropolitan Area<\/td>\n $279,700<\/td>\n | $276,230<\/td>\n | <\/td>\n | $295,230<\/td>\n | <\/td>\n | 1.30%<\/td>\n | -5.30%<\/td>\n | -12.40%<\/td>\n | -2.10%<\/td>\n<\/tr>\n | Inland Empire<\/td>\n | $172,290<\/td>\n | $172,800<\/td>\n | <\/td>\n | $183,460<\/td>\n | r<\/td>\n | -0.30%<\/td>\n | -6.10%<\/td>\n | -10.60%<\/td>\n | 0.80%<\/td>\n<\/tr>\n | San Francisco | \nBay Area<\/td>\n $495,250<\/td>\n | $539,880<\/td>\n | <\/td>\n | $570,030<\/td>\n | r<\/td>\n | -8.30%<\/td>\n | -13.10%<\/td>\n | -13.60%<\/td>\n | 0.90%<\/td>\n<\/tr>\n | \u00c2\u00a0<\/strong><\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | San Francisco | \nBay Area<\/strong><\/td>\n <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | Alameda<\/td>\n | $462,890<\/td>\n | $485,870<\/td>\n | <\/td>\n | $535,710<\/td>\n | <\/td>\n | -4.70%<\/td>\n | -13.60%<\/td>\n | -9.60%<\/td>\n | 1.30%<\/td>\n<\/tr>\n | Contra-Costa | \n(Central County)<\/td>\n $618,420<\/td>\n | $658,700<\/td>\n | <\/td>\n | $713,480<\/td>\n | <\/td>\n | -6.10%<\/td>\n | -13.30%<\/td>\n | -11.50%<\/td>\n | 3.20%<\/td>\n<\/tr>\n | Marin<\/td>\n | $761,030<\/td>\n | $843,080<\/td>\n | <\/td>\n | $822,670<\/td>\n | <\/td>\n | -9.70%<\/td>\n | -7.50%<\/td>\n | -20.50%<\/td>\n | 0.00%<\/td>\n<\/tr>\n | Napa<\/td>\n | $334,780<\/td>\n | $350,000<\/td>\n | <\/td>\n | $391,670<\/td>\n | <\/td>\n | -4.30%<\/td>\n | -14.50%<\/td>\n | -13.80%<\/td>\n | -12.10%<\/td>\n<\/tr>\n | San Francisco<\/td>\n | $648,330<\/td>\n | $695,910<\/td>\n | <\/td>\n | $694,120<\/td>\n | <\/td>\n | -6.80%<\/td>\n | -6.60%<\/td>\n | -9.10%<\/td>\n | 5.60%<\/td>\n<\/tr>\n | San Mateo<\/td>\n | $746,000<\/td>\n | $750,000<\/td>\n | <\/td>\n | $816,000<\/td>\n | <\/td>\n | -0.50%<\/td>\n | -8.60%<\/td>\n | -13.70%<\/td>\n | 6.90%<\/td>\n<\/tr>\n | Santa Clara<\/td>\n | $613,500<\/td>\n | $635,000<\/td>\n | <\/td>\n | $630,000<\/td>\n | <\/td>\n | -3.40%<\/td>\n | -2.60%<\/td>\n | -20.40%<\/td>\n | -12.40%<\/td>\n<\/tr>\n | Solano<\/td>\n | $190,560<\/td>\n | $189,790<\/td>\n | <\/td>\n | $212,960<\/td>\n | <\/td>\n | 0.40%<\/td>\n | -10.50%<\/td>\n | -8.20%<\/td>\n | 16.30%<\/td>\n<\/tr>\n | Sonoma<\/td>\n | $333,490<\/td>\n | $327,430<\/td>\n | <\/td>\n | $370,430<\/td>\n | <\/td>\n | 1.90%<\/td>\n | -10.00%<\/td>\n | -10.10%<\/td>\n | 13.70%<\/td>\n<\/tr>\n | Southern California<\/strong><\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | Los Angeles<\/td>\n | $317,060<\/td>\n | $301,300<\/td>\n | <\/td>\n | $331,420<\/td>\n | r<\/td>\n | 5.20%<\/td>\n | -4.30%<\/td>\n | -16.00%<\/td>\n | -4.70%<\/td>\n<\/tr>\n | Orange County<\/td>\n | $551,510<\/td>\n | $534,680<\/td>\n | <\/td>\n | $568,970<\/td>\n | r<\/td>\n | 3.10%<\/td>\n | -3.10%<\/td>\n | -11.70%<\/td>\n | -6.10%<\/td>\n<\/tr>\n | Riverside County<\/td>\n | $200,910<\/td>\n | $202,910<\/td>\n | <\/td>\n | $212,570<\/td>\n | <\/td>\n | -1.00%<\/td>\n | -5.50%<\/td>\n | -14.60%<\/td>\n | 0.40%<\/td>\n<\/tr>\n | San Bernardino<\/td>\n | $135,150<\/td>\n | $129,570<\/td>\n | <\/td>\n | $144,630<\/td>\n | <\/td>\n | 4.30%<\/td>\n | -6.60%<\/td>\n | -2.90%<\/td>\n | 1.50%<\/td>\n<\/tr>\n | San Diego<\/td>\n | $375,330<\/td>\n | $377,550<\/td>\n | <\/td>\n | $389,440<\/td>\n | <\/td>\n | -0.60%<\/td>\n | -3.60%<\/td>\n | -7.20%<\/td>\n | 4.40%<\/td>\n<\/tr>\n | Ventura<\/td>\n | $421,870<\/td>\n | $443,290<\/td>\n | <\/td>\n | $444,230<\/td>\n | <\/td>\n | -4.80%<\/td>\n | -5.00%<\/td>\n | -0.60%<\/td>\n | 7.70%<\/td>\n<\/tr>\n | Central Coast<\/strong><\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | Monterey<\/td>\n | $250,000<\/td>\n | $287,500<\/td>\n | <\/td>\n | $270,000<\/td>\n | <\/td>\n | -13.00%<\/td>\n | -7.40%<\/td>\n | -6.10%<\/td>\n | -1.90%<\/td>\n<\/tr>\n | San Luis Obispo<\/td>\n | $355,620<\/td>\n | $364,750<\/td>\n | <\/td>\n | $395,350<\/td>\n | r<\/td>\n | -2.50%<\/td>\n | -10.00%<\/td>\n | 1.60%<\/td>\n | 24.30%<\/td>\n<\/tr>\n | Santa Barbara<\/td>\n | $418,750<\/td>\n | $421,430<\/td>\n | <\/td>\n | $400,000<\/td>\n | r<\/td>\n | -0.60%<\/td>\n | 4.70%<\/td>\n | 0.50%<\/td>\n | 1.00%<\/td>\n<\/tr>\n | Santa Cruz<\/td>\n | $460,000<\/td>\n | $540,000<\/td>\n | <\/td>\n | $510,000<\/td>\n | <\/td>\n | -14.80%<\/td>\n | -9.80%<\/td>\n | -26.30%<\/td>\n | -16.30%<\/td>\n<\/tr>\n | Central Valley<\/strong><\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | Fresno<\/td>\n | $139,470<\/td>\n | $138,040<\/td>\n | <\/td>\n | $150,000<\/td>\n | <\/td>\n | 1.00%<\/td>\n | -7.00%<\/td>\n | -14.30%<\/td>\n | 4.50%<\/td>\n<\/tr>\n | Kern (Bakersfield)<\/td>\n | $138,450<\/td>\n | $138,000<\/td>\n | r<\/td>\n | $144,700<\/td>\n | <\/td>\n | 0.30%<\/td>\n | -4.30%<\/td>\n | -9.70%<\/td>\n | -1.40%<\/td>\n<\/tr>\n | Kings County<\/td>\n | $114,290<\/td>\n | $154,000<\/td>\n | <\/td>\n | $178,000<\/td>\n | <\/td>\n | -25.80%<\/td>\n | -35.80%<\/td>\n | -16.70%<\/td>\n | 18.60%<\/td>\n<\/tr>\n | Madera<\/td>\n | $92,500<\/td>\n | $122,000<\/td>\n | <\/td>\n | $146,670<\/td>\n | <\/td>\n | -24.20%<\/td>\n | -36.90%<\/td>\n | 2.40%<\/td>\n | -41.70%<\/td>\n<\/tr>\n | Merced<\/td>\n | $113,080<\/td>\n | $114,210<\/td>\n | <\/td>\n | $107,780<\/td>\n | <\/td>\n | -1.00%<\/td>\n | 4.90%<\/td>\n | -17.10%<\/td>\n | -37.40%<\/td>\n<\/tr>\n | Placer County<\/td>\n | $264,380<\/td>\n | $266,560<\/td>\n | <\/td>\n | $287,640<\/td>\n | <\/td>\n | -0.80%<\/td>\n | -8.10%<\/td>\n | -2.80%<\/td>\n | 11.80%<\/td>\n<\/tr>\n | Sacramento<\/td>\n | $168,060<\/td>\n | $165,850<\/td>\n | <\/td>\n | $186,180<\/td>\n | <\/td>\n | 1.30%<\/td>\n | -9.70%<\/td>\n | -8.90%<\/td>\n | 15.60%<\/td>\n<\/tr>\n | San Benito<\/td>\n | $242,500<\/td>\n | $249,000<\/td>\n | <\/td>\n | $265,000<\/td>\n | <\/td>\n | -2.60%<\/td>\n | -8.50%<\/td>\n | 13.30%<\/td>\n | 0.00%<\/td>\n<\/tr>\n | Tulare<\/td>\n | $114,230<\/td>\n | $121,520<\/td>\n | <\/td>\n | $130,790<\/td>\n | <\/td>\n | -6.00%<\/td>\n | -12.70%<\/td>\n | -3.40%<\/td>\n | 26.50%<\/td>\n<\/tr>\n | Other Counties | \nin California<\/strong><\/td>\n <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n | <\/td>\n<\/tr>\n | Amador<\/td>\n | $170,000<\/td>\n | $152,500<\/td>\n | <\/td>\n | $200,000<\/td>\n | <\/td>\n | 11.50%<\/td>\n | -15.00%<\/td>\n | 20.50%<\/td>\n | 46.90%<\/td>\n<\/tr>\n | Butte County<\/td>\n | $196,430<\/td>\n | $221,050<\/td>\n | <\/td>\n | $235,710<\/td>\n | <\/td>\n | -11.10%<\/td>\n | -16.70%<\/td>\n | -1.00%<\/td>\n | 12.50%<\/td>\n<\/tr>\n | Humboldt<\/td>\n | $233,000<\/td>\n | $243,750<\/td>\n | <\/td>\n | $250,000<\/td>\n | <\/td>\n | -4.40%<\/td>\n | -6.80%<\/td>\n | -18.00%<\/td>\n | 30.40%<\/td>\n<\/tr>\n | Lake County<\/td>\n | $118,890<\/td>\n | $85,620<\/td>\n | <\/td>\n | $140,770<\/td>\n | <\/td>\n | 38.90%<\/td>\n | -15.50%<\/td>\n | -9.90%<\/td>\n | -5.20%<\/td>\n<\/tr>\n | Tuolumne<\/td>\n | $177,500<\/td>\n | $166,000<\/td>\n | <\/td>\n | $210,420<\/td>\n | <\/td>\n | 6.90%<\/td>\n | -15.60%<\/td>\n | -24.60%<\/td>\n | -7.50%<\/td>\n<\/tr>\n | Mendocino<\/td>\n | $214,290<\/td>\n | $181,430<\/td>\n | <\/td>\n | $240,000<\/td>\n | <\/td>\n | 18.10%<\/td>\n | -10.70%<\/td>\n | 12.80%<\/td>\n | 46.70%<\/td>\n<\/tr>\n | Shasta<\/td>\n | $154,710<\/td>\n | $156,840<\/td>\n | <\/td>\n | $164,500<\/td>\n | <\/td>\n | -1.40%<\/td>\n | -6.00%<\/td>\n | -13.70%<\/td>\n | 12.70%<\/td>\n<\/tr>\n | Siskiyou County<\/td>\n | $130,000<\/td>\n | $140,000<\/td>\n | <\/td>\n | $155,000<\/td>\n | <\/td>\n | -7.10%<\/td>\n | -16.10%<\/td>\n | 0.00%<\/td>\n | 7.10%<\/td>\n<\/tr>\n | Tehama<\/td>\n | $131,430<\/td>\n | $87,500<\/td>\n | <\/td>\n | $100,000<\/td>\n | <\/td>\n | 50.20%<\/td>\n | 31.40%<\/td>\n | 2.20%<\/td>\n | 76.90%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n | July 2011 County Unsold Inventory and Time on Market
|