Home Sales and Prices
in Major Metros
Los Angeles, San Francisco, San Diego House Prices continue to climb.
In Los Angeles County, in May, house prices rose .5% to $818,260 which was 39% higher than May 2020. House prices in LA metro stayed flat at $725,000 and sales dropped 5.2%.
In LA county, house prices rose 1% to $725,680 on average. Sales dropped 10% from April, yet are still up 80% from May of 2020.
Up in the SF Bay Area, in May, home prices rose 6.4% in March to an average of $1,755,0 from $1,150,000 in February. That price is still up 24.1% from last March. Sales of houses were hot throughout the Bay Area jumped 51.3% month over month, and 35% year over year.
In San Francisco, house prices rose $100,000 to $1,900,000 , a rise of 5.6%. Sales of houses dropped 9% from April yet are up a surprising 136.6% from last May. Condo prices in San Francisco rose 3.8% to $830,000. Condo townhouse sales dropped -8.5%, yet are up 232.6% from last May.
In San Diego County, home prices rose 3.1% to $851,000 which is up 30% from 12 months ago. Sales fell 3.2% yet are still up 76% versus 12 months ago. Condo prices rose 2.6% to an $542,000 average, and are up 24.7% from last May. Condo sales dropped 12% yet are still up 91% from pandemic lows one year ago.
Orange County saw home prices stayed the same at $1,100,000 as sales fell 10% from April. Sales were still up 130.9% over levels 12 months ago.
In Sacramento, home prices 2.% to $500,000 in May, while sales fell .3% month over month, yet were still up 46.1% year over year. Monterey saw house prices jump 5.6% to a new average of $887,000. Sales in the county climbed just .4% month over month, yet that was still rise of 153.% rise year over year.