Â
Sponsored by
CALIFORNIA NEWS
Calif home prices rise in September, sales fall
Posted: Oct 15, 2012 4:50 PM by Associated Press
SAN DIEGO (AP) - A research firm says California homes prices rose during September to new a four-year high as the supply of foreclosed homes for sale dwindled.
DataQuick said Monday that the median price for new and existing houses and condominiums reached $287,000, up 15.3 percent from $249,000 in September 2011. It is the highest median price since August 2008.
About 35,400 homes sold, down nearly 3 percent from last year. DataQuick says there were fewer business days this September compared to the same period last year.
Less than 18 percent of existing homes sold were in foreclosure during the previous year, compared to more than one of every three sold a year earlier. Foreclosed homes tend to sell at steep discounts, dragging down the median price.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
10/15/2012 2:19:22 PM (GMT -7:00)
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at feedback@ksby.com, and include the name of the story and information on the comment.
Thank you! KSBY.com
KSBY.COM VIDEOS
-
"Monster" reunited with owner after his cage was blown away during Oklahoma tornado
Views: 47 May 22, 2013 -
Joshua Hornsby mourns the loss of his young daughter killed in the Oklahoma tornado
Views: 10 May 22, 2013 -
Watch as a local meteorologist tracks the path of deadly tornado as it hits Moore, Oklahoma
Views: 268 May 21, 2013 -
Toddler who lost feet in lawnmower accident meets the dolphin famous for her prosthetic tail
Views: 55 May 20, 2013
Comments