According to the Newsletter produced by the California Association of Realtors the sales of Single family homes and condos rose 20.9 percent in March compared to February, but were down 13.3 percent from March 2013. Based on the report created by PropertyRadar, same month home sales compared to last year dipped. Furthermore both distressed and non-distressed property sales posted gains for the month of March. The distressed property sales category increased 7.4 percent from February while the non-distressed category posted a 25.2 percent jump.
The California median home price also increased and is now at its highest levels since March 2008 rising 4.6 percent to settle at $366,000 from $350,000 in February according to the report in the CAR newsletter. In addition, the year-over-year median price basis increased 13.3 percent. It was noted that what drove up the prices month-over –month in March was a 25.2 percent increase in the sales volume of higher priced, non-distressed properties.
Here are the highlights of the report:
Cash sales rose 10.6 percent for the month but were down 11.4 percent year over year.
Flip sales gained 7 percent for the month but were down 26.9 percent year over year.
Complete PropertyRadar Report
Oxnard CA Homes For Sale- David Tovar- Broker Associate/ Realtor at EXIT Castillo Realty. I specialize in helping sellers and buyers with their real estate needs in Ventura County, California, including Oxnard, Port Hueneme, Ventura, Camarillo, and Santa Paula. I am focused and committed to helping others achieve their real estate goals by providing top level marketing that sells houses quickly and for top dollar, effective buyer representation and real estate investment consultation. To discuss your next Real Estate move feel free to call or text me. David Tovar (805) 444-6366