Written by ivan3411 on July 21, 2010 – 9:46 am
An increase was saw at the end of June for California, a total of 43,964 units were sold consisting of new and resale houses and condos that was according to the report published by DQnews.com on Thursday.
That number of homes sold in June was up 7.3 percent from 40,965 in May, and modestly down by a percent from 44,167 in June 2009. Real Estate in California home sales price last month was $270,000, almost 3 percent below of what it was in May at $278,000, but higher by 9.8 percent compared with the same month a year ago at $246,000.
Out of the 43,964 homes sold last month 34.7 percent of that sold properties were foreclosure. That foreclosure contribution was down compared in May at 35.4 percent, and as well down in yearly basis from 45.6 percent contribution in June 2009. Foreclosure contribution made its peak in the first quarter of 2009 where 58.5 percent of the sales were foreclosed properties.
June was another bright month for California Real Estate showing continues recovery. Sales were almost similar in the year ago levels and up in June 2010, and median prices above the year ago. Foreclosure contributions were below both in monthly and yearly basis. Let see if this good California Real Estate performance be carry on this month.
