California Home Sales Up January 2011

January marked the third month that home sales were on the rise in California. While the number of units sold and closed are heading in an upward direction, the median sales price is declining.

As reported by the California Association of Realtors:

“The statewide median price of an existing, single-family detached home sold in California was $278,900, down 8.6 percent from a revised $305,020 in December and was down 2.0 percent from the $284,600 median price recorded for January 2010.  The January 2011 median price was the lowest since June 2009, when it was $274,640.”

The good news for buyers is that while interest prices may be rising, home prices are stable or decreasing, making buying a home still in the affordable range. Many of the declines in pricing are due to foreclosures and short sales.

Here is  the activity for all counties in California:

January-11 Median Price of Existing Single-Family Homes
State/Region/County Jan-11 Dec-10 Jan-10 MTM% Chg YTY% Chg
CA Single-family homes (SA) $278,900 $305,020 $284,600 -8.6% -2.0%
CA Condo/Townhomes $234,560 $248,140 $254,540 -5.5% -7.8%
S.F. Bay Area
Alameda $435,110 $478,730 $423,080 -9.1% 2.8%
Contra-Costa (CentralCounty ) $565,790 $568,600 $605,980 -0.5% -6.6%
Marin $657,890 $753,680 $729,170 -12.7% -9.8%
Napa $313,890 $350,000 $358,700 -10.3% -12.5%
San Francisco $597,760 $678,190 $646,430 -11.9% -7.5%
San Mateo $587,500 $715,000 $633,500 -17.8% -7.3%
Santa Clara $530,000 $560,000 $525,000 -5.4% 1.0%
Solano $192,170 $204,290 $215,980 -5.9% -11.0%
Sonoma $338,090 $344,680 $365,820 -1.9% -7.6%
Southern California
Los Angeles $305,940 $330,990 $316,700 -7.6% -3.4%
Orange County $511,590 $503,210 $527,480 1.7% -3.0%
Riverside County $197,550 $205,220 $193,690 -3.7% 2.0%
San Bernardino $138,040 $134,760 $135,000 2.4% 2.3%
San Diego $370,100 $375,790 $366,780 -1.5% 0.9%
Ventura $411,760 $441,570 $420,690 -6.8% -2.1%
Central Coast
Monterey $258,000 $244,900 $246,500 5.3% 4.7%
San Luis Obispo $342,450 $377,550 $383,330 -9.3% -10.7%
Santa Barbara $365,620 $453,850 $466,670 -19.4% -21.7%
Santa Cruz $425,000 $503,250 $495,000 -15.5% -14.1%
Central Valley
Fresno $136,020 $145,280 $145,960 -6.4% -6.8%
Kern (Bakersfield) $127,000 $125,000 $128,340 1.6% -1.0%
Kings County $147,140 $158,000 $175,000 -6.9% -15.9%
Madera $146,150 $143,080 $140,670 2.1% 3.9%
Merced $100,620 $117,500 $96,430 -14.4% 4.3%
Placer County $261,930 $271,740 $287,080 -3.6% -8.8%
Sacramento $171,690 $179,040 $174,830 -4.1% -1.8%
San Benito $280,000 $280,000 $325,000 0.0% -13.8%
Tulare $113,330 $131,510 $134,140 -13.8% -15.5%
Other Counties in California
Amador $160,000 $173,330 $170,000 -7.7% -5.9%
Butte County $180,000 $230,000 $252,500 -21.7% -28.7%
Humboldt $244,790 $248,440 $246,870 -1.5% -0.8%
Lake County $107,500 $113,750 $137,140 -5.5% -21.6%
Mariposa And Tuolumne $158,750 $181,430 $218,180 -12.5% -27.2%
Mendocino $225,000 $220,830 $237,500 1.9% -5.3%
Shasta $152,140 $176,870 $180,910 -14.0% -15.9%
Siskiyou County $145,000 $163,330 $132,500 -11.2% 9.4%
Tehama $140,000 $136,670 $140,000 2.4% 0.0%
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