California real estate has been on a tear for the last several years. According to DataQuick, there were 51,000 resale houses and condos sold in May of 2006. That's a 15% decrease in the numbers of homes sold, but the median home price increased by 9.8% to 468,000.
Looking back at 2005 - overall every county in California had price increases of 9% to 38%.
This year (2006) shows that there has been a steady slowing of appreciation rates throughout most of the state along with a slowdown of sales. It is also interesting to note that foreclosures are up overall in the state.
There's a lot going on in the state real estate wise so be sure to check out the articles and tips here, Champs Realty so you can get the latest information.
This Month's Submitted Articlealong with
the following statistical data: Near Medium City - Near Large
City - Los Angeles, California Burbank Zip Codes - 91501, 91502,
91504, 91505, 91506 Burbank Area Codes - 818 White population -
72.18% African-American population - 2.06% Asian - 9.15%
American Indian & Alaskan - {-}% Hispanic (of any race) - 24.87%
Median Family Income (1999) - $ 56,767% Population Below Poverty
Level
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