Here’s an excerpt from the Dataquick sales release for September:
http://www.dqnews.com/Articles/2014/News/California/Southern-CA/RRSCA141013.aspx
Irvine, CA—Southern California home sales hit a five-year high for a September, rising slightly above a year earlier for the first time in 12 months amid gains for mid- to high-end deals. The median sale price fell below an 80-month high reached in August and for the first time in more than two years none of the Southland counties posted a double-digit year-over-year price gain, CoreLogic DataQuick reported.
A total of 19,348 new and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month. That was up 2.9 percent from 18,796 sales in August, and up 1.2 percent from 19,112 sales in September 2013, according to CoreLogic DataQuick data.
On average, sales have fallen 9.4 percent between August and September since 1988, when CoreLogic DataQuick statistics begin. Last month marked the first time sales have risen on a year-over-year basis since September last year, when sales rose 7.0 percent from September 2012.
September home sales have ranged from a low of 12,455 in 2007 to a high of 37,771 in 2003. Last month’s sales were 18.3 percent below the September average of 23,695 sales.
The median price paid for all new and resale houses and condos sold in the six-county region last month was $413,000, down 1.7 percent from $420,000 in August and up 8.1 percent from $382,000 in September 2013. The August 2014 median was the highest for any month since December 2007, when it was $425,000.
Southland sales were 2.9% higher in September than August, when on average there is a 9.4% decline? Considering how high prices are, that’s good. We didn’t do as well locally. Here are the stats for NSDCC detached-home sales:
| Mo./Year | |||
| Sept. ’13 | |||
| Aug. ’14 | |||
| Sept ’14 |
Sales were down 12% year-over-year, and 6% lower than August.
Does not look like a dramatic slow down to me but if you are Realtor I could see how it could look disturbing.
My guess is if the stock market recovers, SD housing will as well (qcom is only down about 6% MoM LOL).
Jim,
Do you have median price data for NSDCC yoy and mom to go along with the sales volume?
Thanks!
Rates are falling like a stone. Could bode well for the spring selling season.
but if you are Realtor I could see how it could look disturbing.
No disturb here, the sales counts look great to me – just need to get a bigger share of them!
September 2012 was about the time that the frenzy started to appear:
September:
2011: 228 sales, $389/sf
2012: 289 sales, $373/sf
2013: 263 sales, $470/sf
2014: 231 sales, $478/sf
To be hanging with the more normalized 2011 sales when prices are $90/sf higher is remarkable.
Do you have median price data for NSDCC yoy and mom to go along with the sales volume?
Yes, the new MLS is good for something – they have the median sales price displayed prominently!
September NSDCC Median SP:
2011: $805,000
2012: $780,000
2013: $1,110,000
2014: $1,092,000
August 2014: $1,050,000
looks like a great time to ring the register and book some profits.
bulls make money
bears make money
hogs get slaughtered!