Skip to content

December 21, 2011

California Home Sales

by Bob Schwartz

California Home Sales

California home sales

California home sales

California pending home  sales

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today that pending home sales in California fell in November but were up from the previous year for the seventh consecutive month.

Pending home sales are forward-looking indicators of future home sales activity, providing information on the future direction of the market.

California pending home sales fell 9.1 percent in November but were up from a year ago, according to C.A.R.’s Pending Home Sales Index. The index was 109.8 in November, based on contracts signed in that month, down from October’s index of a revised 120.9. However, the index was up 11 percent from November 2010, marking the seventh consecutive month that pending sales rose from the previous year.

C.A.R. President LeFrancis Arnold said: “The strong year-over-year growth in pending sales observed in the last several months suggests we should see an increase in December’s closed sales over the same month last year.”

California Home Sales

Single-family Distressed Home Sales by Select Counties

(Percent of total sales)
County Nov.2010 Oct.2011 Nov.2011
Amador 56 % 46 % 44 %
Butte 42 % 43 % 36 %
Humboldt 27 % 28 % 28 %
Kern 70 % 67 % 60 %
Lake 74 % 78 % 58 %
Los Angeles 46 % 48 % 46 %
Madera 56 % 89 % 88 %
Marin 26 % 26 % 30 %
Mendocino 55 % 49 % 52 %
Merced 65 % 58 % 64 %
Monterey 62 % 61 % 59 %
Napa 56 % 46 % 53 %
Orange 35 % 36 % 36 %
Riverside 67 % 63 % 61 %
Sacramento 65 % 64 % 63 %
San Benito 72 % 72 % 65 %
San Bernardino 65 % 65 % 64 %
San Diego 26 % 28 % 27 %
San Luis Obispo 46 % 46 % 44 %
San Mateo 21 % 23 % 28 %
Santa Clara 34 % 34 % 32 %
Santa Cruz 46 % 40 % 46 %
Siskiyou 39 % 37 % 33 %
Solano 75 % 72 % 72 %
Sonoma 50 % 51 % 51 %
Tehama 50 % 49 % 54 %
California 46 % 46 % 45 %
If you enjoyed this post, make sure you subscribe to my RSS feed!
Read more from Real Estate
, , ,

Comments are closed.