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Talking Points

 

Southern California home prices jumped in December, reaching the highest level in more than nine years.

 

An improving economy and a shortage of homes for sale propelled prices up 6.8 percent from a year earlier, real estate data firm CoreLogic said Tuesday. December’s median price of $470,000 was up 1.1 percent from a month earlier.

 

In Los Angeles County, the median price last month climbed 4 percent from a year earlier to $520,000; in Orange County, 5.3 percent to $665,000; in Ventura County, 5.9 percent to $519,000; in San Bernardino County, 8.7 percent to $299,000; in Riverside County, 8 percent to $345,750; and in San Diego County, 4.2 percent to $495,000.

 

The rise in last month’s six-county median price comes after prices stayed largely flat since June, when the regional median hit $465,000 — which at the time was a nine-year high.

 

About Community Real Estate

Community Real Estate is a Real Estate Company committed to provide quality professional services. We are a full service company with in-house lending. We are Realtor®s and HUD approved selling agents. We are expert Short Sales, Listing Agents and Buyers’ Agents. We also specialize in First Time Buyers, Second Homes, Vacation Homes, Investment Homes, Leasing and Rentals, Relocations, Foreclosures, Distress Properties and REO listings and sales. We support our America’s Heroes. We look forward to meeting you and your needs!
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