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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. 

From www.managecasa By Gord Collins
Another happy Client!
So happy I could help Jackie have a smooth transaction
selling to her Tenant.
Housing Market Update: Median Home Price Up 16% From 2020
August 25, 2021 by Tim Ellis

Homebuying demand has softened somewhat and the share of home sellers dropping their price each week rose to 5.1%, but pending sales are still 10% above this time last year.
Although the share of home sellers dropping their asking price each week continues to increase, so does the median home sale price, which was up 16% from a year ago. Pending sales are declining seasonally but are still up 10% from a year ago. Overall homebuying demand is still very strong. The market frenzy of 2021 has cooled somewhat, but home sellers are still very much in the driver’s seat in the housing market today.
What You Can Do Right Now To Prepare for Homeownership

As rent prices continue to soar, many renters want to know what they can do to get ready to buy their first home. According to recent data from ApartmentList.com:
“The first half of 2021 has seen the fastest growth in rent prices since the start of our estimates in 2017. Our national rent index has increased by 11.4 percent since January . . . .”
Those rising rental costs may make it seem impossible to prepare for homeownership if you’re a renter. But the truth is, there are ways you can – and should – prepare to purchase your first home. Here’s some expert advice on what to do if you’re ready to learn more about how to escape rising rents. Read more
Side Note:
Take a good look at how the
prices rose in August!!
Quite amazing.

Vendor Referral of the Month

I highly recommend Emily. She is very professional, honest and gives great advice.
Call her if you are looking for a new AC, Heating or Solar Systems.

Decorating Tip of the Month!
Lighting Matters
Which lighting do you like best?

My Ask to You

If you know anyone who is buying out of state or the country, please call me.
I have a huge network of realtors all over the country and some of the world.
Please let me find them a good
realtor to work with.

Call me for help, always here for you.

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