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September/October 2004
-Summer
Sales Explode-
California
real estate market surges during June as median price
goes to a record gain of 23.5% from the same last year.
Sales remained ahead of last year’s all time high.
Price records fell across California’s five Southern
markets according to the Association of Realtors.
The last month sales increased by 10.8% from the month
before. Through June sales are up 7.4% from the first
six months of the year 2003. The entire nation had similar
increase in sales on the average. The peak selling season
and very good interest rates are drawing this buying
of real estate. In the L.A. county the median price
of homes was $444,140 up an annual 31.6% from one year
ago!
Southern California continues to be a great place to
invest in real estate for your enjoyment and profit.
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