This new addition to our family coming mid next year. I'm very thankful for my beautiful wife, my wonderful family, and incredible friends.
I hope this Thanksgiving you're able to slow down, stop and think about the things that matter in life and what you're most thankful for.
Happy Thanksgiving everyone!
Southern California home sales rose in October as prices showed more signs of firming. The median sale price fell by the smallest amount in two years, the result of a shrinking inventory of homes for sale and government and industry efforts to stoke demand and curtail foreclosures. Last month 22,132 new and resale houses and condos closed escrow in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties. That was up 2.8% from 21,539 in September and also up 2.8% from 21,532 a year earlier, according to MDA DataQuick of San Diego.
October marked the 16th month in a row with a year-over-year sales gain, although last month’s was the smallest of those increases. In October, the median price paid for a Southland home was $280,000, up 1.8% from $275,000 in September but down 6.7% from $300,000 in October 2008. It was the median’s smallest annual decline for any month since September 2007, when the median fell 4% from a year earlier. September 2007 – one month after the current credit crunch hit – marked the beginning of a 26-month streak of year-over-year declines in the median price.The region’s overall median sale price has risen or held steady on a month-to-month basis ever since it dropped to a more-than 7-year low of $247,000 in April. Last month the median was 44.6% lower than the peak $505,000 median reached during several months in early and mid 2007.
Do you think we've hit the bottom?
For more information, contact your Sales Representative, or email californiatitle@caltitle.com.
My Best, Mike Turner
My awesome sales team.
Check out my new site that has a ton of resources to help you in your decision to buy and sell real estate.
Everything from School and Community books to the latest in Title Information, we've made it available for you.
Also, if you're working with a rep, ask that rep what his or her unique Web Name is to benefit from their website as well.
For more information, call or email me or your Sales Representative. <<MikePersonalizedWebsite.jpg>>
Mike Turner
Vice President
County Sales Manager
California Title Company
760-535-3836
miket@caltitle.com
Keep California Golden! Please don’t print unless absolutely necessary.
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