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Friday, February 20, 2009

California Real Estate Sales Update for Jan. 2009


SAN DIEGO -- Home sales in San Diego County jumped by 34.7% in January, compared to the same month a year ago, while prices dropped 34.7%, a real estate information service reported yesterday. A total of 2,459 homes sold in January, up from 1,826 for January 2008, while the median price of a home in San Diego County last month was $280,000, down from $429,000 in the same month a year ago, according to La Jolla-based MDA DataQuick (see top chart above).

A total of 15,227 new and resale homes sold in the six-county Southern California region (Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties) last month. That was up 52.5% from 9,983 in January 2008. The median price of a Southern California home was $250,000 in January. The median price was down 39.8% from $415,000 in January 2008 (see bottom chart above).

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