September Numbers are in…for CA


Well, Quick Data has them…and here they are, like em or not.

California September Home Sales

October 21, 2010
An estimated 33,176 new and resale houses and condos were sold statewide last month. That was down 3.1 percent from 34,239 in August, and down 17.5 percent from 40,216 for September 2009. California sales for the month of September have varied from a low of 24,460 in 2007 to a high of 68,114 in 2005, while the average is 44,310.

The median price paid for a home last month was $265,000, up 1.9 percent from $260,000 in August, and up 5.6 percent from $251,000 for September a year ago. The year-over-year increase was the 11th in a row, following 27 months of year-over-year declines. The bottom of the current cycle saw a median of $221,000 in April 2009, while the peak was $484,000 in early 2007.

Of the existing homes sold last month, 35.8 percent were properties that had been foreclosed on during the past year. That was up from a revised 35.7 percent in August and down from 41.7 percent in September a year ago. The all-time high was in February 2009 at 58.5 percent.

Now that the elections are over we can focus on our own lives again…and go back to our daily humdrum activities we creators of habit require. We will have to live  with out the entertaining commercials watching the candidates tormenting each other spending millions of dollars to do so, will we all struggle to pay our cable bill. Oh yes, the  holidays are just around the corner. Corporations like Toys R Us,  Best Buy, and JC Penny’s are hiring for the up coming holidays, so get your teens out there and put a pen in their pocket before you push them out the door!

I am reading the same old negative news from our  economist and politicians to prepare for a tight light 2010 holiday season. We are told to prepare for a tighter 2011 as well. Now, I have always enjoyed being an optimist, but I realize right now that  may be self-sabotaging as far as believing things will miraculously turn around in our California Real Estate Market. I am a Realtor in southern California, hard to see ahead with out shuttering a bit. There are thousands of foreclosures waiting to be listed by Freddie Mac and Fannie Mae. How can that be a good thing?  With Short-Sales and so many vacancies. Well, lets look at the positive aspects; no matter what happens if you buy a home now you will pay a very low price and if you get a loan you can lock in in at alarmingly low-interest rates. How can that be a bad thing? For the buyers its fantastic. For the Sellers, if you plan on selling your home and purchasing another home. In this instance you will benefit from a lower property tax rate by purchasing a lower-priced home. Therefor, there is a benefit for each side.

Call Renee Baccaro Realtor Short Sale Specialist with The Real Estate Geeks!                                                                                           

 http://goaskrenee.com Search for Homes on the SoCalMLS Free.

Links: The entire article: OC City list of sales for Sept.

http://bit.ly/aYGsC

 http://bit.ly/dCSegZ

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About reneebaccaro

As a Realtor I know that Timing is everything in selling or buying a home. If you negotiate at the right time you can close escrow in the lead. Buying a home for most folks is the largest purchase of your life. Having an experienced - ethical - honest Realtor is very important. Call Renee to represent you when are considering your next real estate transaction. Renee Baccaro 01718366 (562) 972-9886. Blog: reneebaccaro.com View all posts by reneebaccaro

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