Tuesday, August 02, 2005

UP! UP! UP! California Association of Realtors reports prices and sale up!

Low interest rates and increased inventory has contributed to more sales than last year, with prices increasing over the same period last year.

"The median price of an existing home in California in June increased 16 percent and sales increased 3.6 percent compared with the same period a year ago, the California Association of REALTORS® (C.A.R.)"

Where are the high prices? C.A.R. reports "...the 10 cities and communities with the highest median home prices in California during June 2005 were: Manhattan Beach, $1,570,000; Malibu, $1,550,000; Laguna Beach, $1,537,500; Los Altos, $1,424,000; La Canada Flintridge, $1,395,000; Palos Verdes Estates, $1,360,000; Saratoga, $1,350,000; Newport Beach, $1,300,000; Coronado, $1,275,000; Hermosa Beach, $1,249,500."

To read more, go here.

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