Industry News

Real estate prices dip in California

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

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...