For release:
Friday, Feb. 22, 2008
C.A.R. reports state and regional sales and price information for 2007
LOS ANGELES (Feb. 22) Home sales decreased 26 percent in California in 2007 compared with the same period a year ago, while the median price of an existing home increased 0.3 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
The median price of existing, single-family detached homes in California last year was $558,100, according to information collected by C.A.R. from more than 90 local REALTOR® associations statewide. That's 0.3 percent more than the 2006 median price of $556,430.
The High Desert saw the biggest decline in home prices, falling 10.3 percent from a median of $330,380 in 2006 to $296,380 last year. Sales declined 49.4 percent.
The Santa Clara region had the largest increase, up 8 percent from a median of $775,000 in 2006 to $836,775 last year. Sales declined 22.7 percent.
2007 Regional Sales and Price Activity*
Regional Sales Data and Condo Sales Not Seasonally Adjusted
|
|
Median Price |
Median Price |
|
Percent Change in Price |
Percent Change in Sales |
|
|
2007 |
2006 |
|
2007-06 |
2007-06 |
|
Statewide |
|
|
|
|
|
|
Calif. (sf) |
$558,100 |
$556,430 |
r |
0.3% |
-26.0% |
|
Calif. (condo) |
$426,130 |
$428,990 |
r |
-0.7% |
-22.5% |
|
|
|
|
|
|
|
|
Region |
|
|
|
|
|
|
Central Valley |
$330,500 |
$362,910 |
r |
-8.9% |
-30.6% |
|
High Desert |
$296,380 |
$330,380 |
|
-10.3% |
-49.4% |
|
Los Angeles |
$589,150 |
$584,820 |
|
0.7% |
-22.6% |
|
Monterey |
$731,190 |
$713,900 |
|
2.4% |
-28.1% |
|
Nor. Calif. |
$381,850 |
$409,460 |
|
-6.7% |
-10.5% |
|
Nor. Wine Country |
$589,050 |
$620,040 |
|
-5.0% |
-23.1% |
|
Orange County |
$699,590 |
$709,000 |
|
-1.3% |
-22.7% |
|
Palm Springs/Lower Desert |
$371,840 |
$369,700 |
|
0.6% |
-27.3% |
|
Riverside/S.B. |
$381,390 |
$400,660 |
r |
-4.8% |
-41.6% |
|
Sacramento |
$342,730 |
$374,530 |
r |
-8.5% |
-25.9% |
|
San Diego |
$588,700 |
$601,760 |
|
-2.2% |
-20.7% |
|
San Francisco Bay |
$805,400 |
$752,820 |
r |
7.0% |
-23.4% |
|
San Luis Obispo |
$570,770 |
$580,800 |
|
-1.7% |
-14.5% |
|
Santa Barbara County |
$801,360 |
$752,260 |
r |
6.5% |
-16.8% |
|
Santa Clara |
$836,775 |
$775,000 |
|
8.0% |
-22.7% |
|
Ventura |
$673,940 |
$685,960 |
|
-1.8% |
-28.8% |
| Share: |
|
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