21
Jan
San Diego Home Sales Up … Prices Drop 30%
A total of 19,926 new and resale homes sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month. That was up 19.2 percent from 16,720 for November, and up 50.5 percent from 13,240 for December 2007, according to MDA DataQuick.
Regionwide, foreclosure resales accounted for 55.7 percent of December's resales activity, up from 54.7 percent in November, and up from 24.3 percent in December 2007.
| Sales Volume | Median Price | |||||
| All homes | Dec-07 | Dec-08 | %Chng | Dec-07 | Dec-08 | %Chng |
| Los Angeles | 4,430 | 5,848 | 32.0% | $470,000 | $320,000 | -31.90% |
| Orange | 1,731 | 2,580 | 49.0% | $565,000 | $397,000 | -29.70% |
| Riverside | 2,503 | 4,435 | 77.2% | $355,000 | $209,000 | -41.10% |
| San Bernardino | 1,518 | 2,862 | 88.5% | $315,000 | $180,000 | -42.90% |
| San Diego | 2,468 | 3,325 | 34.7% | $430,000 | $300,000 | -30.20% |
| Ventura | 590 | 876 | 48.5% | $525,250 | $338,000 | -35.60% |
| SoCal | 13,240 | 19,926 | 50.5% | $425,000 | $278,000 | -34.60% |