California home sales next year will rise just 1 percent and median prices will climb less than 2 percent, the state’s Association of Realtors predicted Tuesday.
May home sales dropped to their lowest level in Sonoma County in four years, due primarily to a decrease in the sale of financially distressed properties. The county recorded 360 single-family homes sold last month, according to The Press Democrat monthly housing report compiled by Coldwell Banker manager Rick Laws. [...]
Sonoma County homes sales slowed in typical fashion in January, but the number of deals made last month jumped to the third-highest level in more than two years. Buyer and sellers signed 464 purchase contracts for single-family homes last month, according to The Press Democrat’s monthly housing report compiled by [...]
Sales were down 8 percent in December from a year earlier. The median sales price declined to $375,000, down 1.3 percent from both a month and a year earlier.
Only 2007 had fewer home sales in October for Sonoma County. The median sales price also dipped 6 percent from September to $342,500.
Bay Area home sales fell in September to their second-lowest level in 19 years. The nine-county region reported the sale of 6,334 new and resale houses and condominiums last month, down 20 percent from September 2009, according to MDA DataQuick of San Diego. In nearly two decades, the lowest total [...]
The decline is largely due to fewer foreclosures and other distressed properties for sale in the starter home market. But Santa Rosa also had less growth than the rest of Sonoma County in home sales above $500,000.
California home sales will stay sluggish next year as the market continues to struggle with a weak economy and large numbers of distressed properties. Home sales will climb a mere 2 percent in 2011 after a projected drop of 10 percent this year, the California Association of Realtors forecast Monday. [...]
Los Angeles, Sacramento and the Bay Area all had a double-digit drop in sales.
The number of houses and condominiums sold last month was the lowest for a July in 15 years.