Translate this page

Median price of homes increases in Riverside County


Friday, August 22nd, 2014
Issue 34, Volume 18.


The median price of a home in Riverside County rose by 9.8 percent in July, compared with the same month a year ago, while the number of homes sold dipped by 10.3 percent, a real estate information service announced today.

According to CoreLogic DataQuick, the median price of a Riverside County home was $291,000 last month, up from $265,000 in July 2013. A total of 3,295 homes were sold in the county, down from 3,675 during the same month the previous year.

A total of 20,369 new and resale houses and condos changed hands in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month, according to CoreLogic DataQuick. That was down 1.4 percent from 20,654 in Advertisement
Advertisement for Carrington Home Loans
[ Carrington Home Loans ]
June and down 12.4 percent from 23,253 in July 2013.

The median price for a Southern California home was $413,000 in July, down 0.5 percent from $415,000 in June and up 7.3 percent from $385,000 in July 2013.

"Prices came a long way in a couple of years, and now a lot of would-be buyers just can’t stretch their finances enough to buy in today’s more conservative lending environment,’’ said Andrew LePage, CoreLogic DataQuick analyst. "That’s not the only reason price appreciation is easing, but it’s one of the main ones. July was the first month in two years in which all but one of the six Southland counties posted a single-digit year-over-year increase in its median sale price.’’


 

0 comments


arrow Be the first to share your opinion on this article!
 

Add your Comment


Name

Images, Formatting, or HTML is not allowed : plain text only. You may post up to 5 website addresses within your comment.




Disclaimer

The Valley News has tightened its' policy regarding comments.
While we invite you to contribute your opinions and thoughts, we request that you refrain from using vulgar or obscene words and post only comments that directly pertain to the specific topic of the story or article.
Comments that are derogatory in nature have a high likelihood for editing or non-approval if they carry the possibility of being libelous.
The comment system is not intended as a forum for individuals or groups to air personal grievances against other individuals or groups.
Please, no advertising or trolling.
In posting a comment for consideration, users understand that their posts may be edited as necessary to meet system parameters, or the post may not be approved at all. By submitting a comment, you agree to all the rules and guidelines described here.
Most comments are approved or disregarded within one business day.

RSS FeedFacebookTwitter



Advertisement for Crown Hill Pizza





Subscribe


Most Commented


Reach Local Customers



The Valley News The Valley News
760-723-7319 - 1588 S. Mission Rd. Suite 200, Fallbrook CA 92028
All contents copyright ©2014
About Us
Earthquake Information
Business Listings
Contact Us
Letter to the Editor
Report a website error
Sitemap
Online Digital Edition
RSS Feeds
Login