Industry News

Real estate prices dip in California

Sales climb 7.4% from a year ago

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Although the median price of an existing home in California in July was 21 percent higher than a year ago, prices fell from the previous month's record-high of $469,170, according to the California Association of Realtors. The median price of an existing, single-family detached home in California during July 2004 was $463,540, a 21.4 percent increase over the revised $381,940 median for July 2003, C.A.R. reported. The July 2004 median price decreased 1.1 percent compared to a revised $468,620 median price in June 2004. Statewide, the 10 cities and communities with the highest median home prices in California during July 2004 were: Laguna Beach, $1,479,500; Los Altos, $1,343,000; Manhattan Beach, $1,320,000; Newport Beach, $1,295,000; Burlingame, $1,250,000; San Marino, $1,200,750; Coronado, $1,182,500; Saratoga, $1,105,000; La Canada-Flintridge, $1,075,000; and Beverly Hills, $1,013,000. Statewide, the 10 cities and communities with the greatest median home price increases in July...