PCR Monthly Southern California Real Estate Report

Prudential California Realty

MONTHLY REAL ESTATE REPORT

Powered By TRENDGRAPHIX

 MARKET HIGHS AND LOWS

Santa Maria/Orcutt sales have increased 6 percent during the month of August 2012, and inventory increased 6 percent.  Pending sales decreased by 14 percent. 100 percent of homes sold for under $1 Million; 0 percent of the homes sold for between $1 Million and $2 Million; and 0 percent of the homes sold for over $2 Million.  The average price per square foot increased 2 percent during the month of August to $133.

Santa Barbara County sales increased 4 percent for August 2012 and the inventory decreased 4 percent.  Pending sales decreased by 15 percent during the month of August 2012. 72 percent of the homes sold for under $1 Million; 17 percent of the homes sold for between $1 Million and $2 Million; and 11 percent of the homes sold for over $2 Million.  The average price per square foot increased 5 percent during the month of August to $534.

Los Angeles County sales decreased 2 percent, and the inventory decreased 8 percent from July to August 2012.  Pending sales have increased by 16 percent during the month of August 2012.  80 percent of the homes sold for under $1 Million; 14 percent of the homes sold for between $1 Million and $2 Million; and 6 percent of the homes sold for over $2 Million.  The average price per square foot increased 8 percent during the month of August at $408.

San Fernando Valley sales decreased 11 percent, and the inventory decreased 6 percent from July to August 2012.  Pending sales have increased by 18 percent during the month of August 2012.  93 percent of the homes sold for under $1 Million; 6 percent of the homes sold for between $1 Million and $2 Million; and 1 percent of the homes sold for over $2 Million.  The average price per square foot increased 4 percent during the month of August at $257.

San Gabriel Valley sales decreased 0.3 percent, and the inventory decreased 13 percent from July to August 2012.  Pending sales have increased by 15 percent during the month of August 2012.  82 percent of the homes sold for under $1 Million; 14 percent of the homes sold for between $1 Million and $2 Million; and 4 percent of the homes sold for over $2 Million.  The average price per square foot increased 4 percent during the month of August at $401.

West LA sales increased 5 percent, and the inventory decreased 8 percent from July to August 2012.  Pending sales have increased by 14 percent during the month of August 2012.  67 percent of the homes sold for under $1 Million; 21 percent of the homes sold for between $1 Million and $2 Million; and 12 percent of the homes sold for over $2 Million.  The average price per square foot increased 5 percent during the month of August at $533.

Orange County sales increased 0.5 percent and inventory decreased 8 percent during the month of August 2012.  Pending sales increased by 12 percent from July to August. 90 percent of the homes sold for under $1 Million; 7 percent of the homes sold for between $1 Million and $2 Million; and 3 percent of the homes sold for over $2 Million. The average price per square foot remained the same during the month of August to $313.

South Orange County sales increased 4 percent and inventory decreased 7 percent during the month of August 2012.  Pending sales increased by 7 percent from July to August. 85 percent of the homes sold for under $1 Million; 10 percent of the homes sold for between $1 Million and $2 Million; and 5 percent of the homes sold for over $2 Million. The average price per square foot decreased 1 percent during the month of August to $351.

San Diego County sales increased 6 percent from July to August 2012. Inventory decreased 3 percent during the month of August.  Pending sales increased by 8 percent in the month of August. 94 percent of the homes sold for under $1 Million; 4 percent of the homes sold for between $1 Million and $2 Million; and 2 percent of the homes sold for over $2 Million.  The average price per square foot increased 4 percent during the month of August to $249.

Southwest Riverside sales have decreased 4 percent during the month of August 2012, and inventory decreased 7 percent.  Pending sales increased by 15 percent. 99 percent of homes sold for under $1 Million; 1 percent of the homes sold for between $1 Million and $2 Million; and 0 percent of the homes sold for over $2 Million.  The average price per square foot increased 6 percent during the month of August to $105.

This entry was posted in Uncategorized and tagged , , , , . Bookmark the permalink.

Leave a Reply