HOSANA SAPUTRA
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THE WILSHIRE
CENTURY
CITY
|
LOS
ANGELES
Great three bedroom, two-and-one-half bath updated unit
in The Wilshire Building. Enter with a private elevator to your
unit and enjoy the newer wood flooring in all bedrooms
and the updated kitchen with granite counters and stainless
steel appliances. This home offers a full 24-hour service
building, pool, fitness room and is close to UCLA.
Offered for $1,999,000
FASTER PACE FOR SOUTHLAND HOME SALES; Median Sale Price Edges Higher
La Jolla, CA--Southern California’s housing market perked up a bit in April, with sales
rising more than usual from March and dipping below a year earlier by the smallest
degree in six months. Home prices edged higher again but at a slower pace, the result
of more inventory, affordability constraints and less pressure from investors, a real
estate information service reported.
A total of 20,008 new and resale houses and condos sold in Los Angeles, Riverside,
San Diego, Ventura, San Bernardino and Orange counties last month. That was up
13.4 percent from 17,638 sales in March, and down 6.6 percent from 21,415 sales
in April last year, according to San Diego-based DataQuick.
On average, sales have increased 1.4 percent between March and April since 1988,
when DataQuick’s statistics begin. Southland sales have fallen on a year-over-year
basis for seven consecutive months, but last month’s decline was the smallest since
sales fell 4.4 percent last October.
This April’s sales were higher than in April 2012 and 2011. That’s a significant
change from February and March this year, which had the lowest home sales for
those particular months in six years. Sales during the month of April have ranged
from a low of 15,303 in 1995 to a high of 37,905 in 2004. Last month’s sales were
17.1 percent below the average – 24,133 – for all Aprils since 1988. March sales
were 27 percent below average.
– May 2014
“The housing market’s pulse quickened a bit in April. If the inventory grows more,
which we consider likely, it’s going to make it a lot easier for sales to reach at least
an average level, which we haven’t seen in more than seven years. There are certainly
factors undermining housing demand, including affordability constraints, credit
challenges and less investment activity. But there are considerable forces fueling
demand, too: Employment is rising, families are growing, and more people can
qualify to buy again after losing a home to foreclosure or a short sale over the past
eight years,” said Andrew LePage, a DataQuick analyst.
Sales Volume
All Homes
April 2014
% Change
7,140
6,642
-7.00%
$395,000
$441,000
11.60%
Orange
3,327
3,111
-6.50%
$535,000
$576,000
7.70%
Riverside
3,760
3,384
-10.00%
$248,000
$286,250
15.40%
San Bernardino
2,512
2,434
-3.10%
$195,000
$240,000
23.10%
San Diego
3,792
3,664
-3.40%
$400,000
$435,000
8.70%
884
773
-12.60%
$420,000
$466,000
11.00%
21,415
20,008
-6.60%
$357,000
$404,000
13.20%
SoCal
April 2014
Median Price
Los Angeles
Ventura
April 2013
% Change
April 2013
Source: DQNews.com Media calls: Andrew LePage (916) 456-7157
Copyright 2014 DataQuick. All rights reserved.
HOSANA SAPUTRA
何福勝
C 310.770.2999
C 714.865.1688
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