Written by ivan3411 on February 23, 2010 – 10:17 am
California Real Estate tallied a total of 27,858 new and resale homes sold last month and nearly 44 percent of that was properties that had been foreclosed on during the past year. That was down by 3.2 percent from 40.8 percent total foreclosed properties sold in the month of December and below by 14.2 percent of what it sold the same period of time last year that reached up to 58.2 percent of the total home sales. February 2009 was the period of time where foreclosure level reached the highest percentage level of its home sales contribution at 58.8 percent.
The overall California home sales in January 2010 were modestly down by 5.4 percent over the year earlier that sold 29,258 homes and also downshifted by 33.4 percent prior to the last month that sold 41,837 houses. Based on the year-over-year sales statistics it shows that home sales between the month of December and January home sales are always on the decreased side and it just normal for the season. In its month-by-month statistics California home sales peak in 2004 at 47,137 homes sold opposite to that was in the year 2008 where in sales were reached the bottom level that only sold 19,145 residential homes.
The median price was also down last month by 6.4 percent from $264,000 during the month of December to a $247,000 January’s median home price, but that was above over the median home price last year at $224,000. The last month increase in median price was the third consecutive year of median price increase, while the usual depreciation recorded between the months of December and January median home sales price was due to shifts in market mix.
