Industry News

SoCal real estate sales, prices up since last year

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Southern California home sales were up 6 percent from September 2004 to September 2005, and median prices were up 16.1 percent in that time, DataQuick Information Systems reported today. DataQuick, a real estate research and information company, reported that 31,740 new and resale homes were sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month. That was down 7.4 percent from 34,292 in August, and up 6 percent from 29,942 for September last year. "A decline from August to September is normal for the season. Last month's sales count made for the third-strongest September in DataQuick's statistics, which go back to 1988," the company announced. Sales totaled 32,813 two years ago, and in September 1988 sales totaled 34,653. The low for that month was in 1992 with 12,838 sales. "There seems to be a bit of a gap between perception and reality right now. What's happening is that appreciation in more affordable markets is stronger than in the high...