California Association of Realtors announces August housing numbers
The California Association of Realtors (CAR) tells us that "The median price of an existing home in California in August increased 20.1 percent and sales increased 7 percent compared with the same period a year ago." The median existing (not new) house price now stands at a record $568,890.
Where are the priciest homes? See if your town made the top ten list:
Laguna Beach, $1,550,000; Los Altos, $1,515,250; Manhattan Beach, $1,464,500; Burlingame, $1,450,000; Palos Verdes Estates, $1,415,000; Calabasas, $1,351,500; Saratoga, $1,307,500; Newport Beach, $1,296,250; Mill Valley, $1,257,500; Rancho Palos Verdes, $1,201,500.
To read more, go here.