• Facebook
  • Google Plus
  • Instagram
  • RSS Feed
  • Twitter

Menu

Skip to content
  • About
  • Staff
  • Contact
  • Advertise
  • FAQ
  • Privacy Policy
  • Terms of Service
Header image

MyNewsLA.comLogo

Breaking news for greater Los Angeles and Orange County

Menu

Skip to content
  • Crime
  • Government
  • Business
  • Education
  • Sports
  • Hollywood
  • Life
  • OC
  • Rising Case Numbers Raise Potential For Additional LACo Business Closures
  • Orange County Reports 82 More COVID-19 Deaths, 3,158 Cases
  • LA County Edges Toward Milestone Of 1 Million COVID Cases; Death Toll Mounts
  • San Gabriel Reaches Settlement in Asian Officers' Discrimination Suit
  • L.A. County Sheriff's Deputy Pleads Not Guilty in Off-Duty Rape Case

Home » Business » This Article

Home Prices Climb, Sales Slide Countywide

Posted by Contributing Editor on October 22, 2018 in Business | Leave a response
Share this article:
Facebooktwitterredditpinterestlinkedinmail

The median price of a single-family home in Riverside County edged higher last month, while sales of existing homes dropped by double digits, the California Association of Realtors said Monday.

The median home price countywide in September was $405,950, compared to $400,750 in August, representing a 1.3 percent increase, according to CAR.

On a year-over-year level, the price was about 5 percent higher; in September 2017, the median price of an existing single-family property was $385,700, according to data.

Statewide, the median price last month was $578,850, compared to $596,410 in August — down roughly 3 percent. In September 2017, the median price was $555,400, reflecting a year-over-year gain of 4 percent.

The median represents the point at which half of homes sell above a price, and the other half below it.

Last month, home sales countywide sank 16.6 percent, and they were down about 10 percent year-to-year, according to CAR.

The association’s Unsold Inventory Index for September indicated that the median time a property was on the market before it sold in California was 23 days. In Riverside County, it was 34 days.

The average price per square foot for an existing single-family home in California last month was $282 — $1 less than in August. In Riverside County, the average price was $204 per square foot, compared to $203 in August.

Home Prices Climb, Sales Slide Countywide was last modified: October 22nd, 2018 by Contributing Editor

Like this story? Don’t miss any breaking news from MyNewsLA.com. Sign up here for your free newsletter.

 

>> Want to read more stories like this? Get our Free Daily Newsletters Here!

Follow us:
Facebooktwitterrss
Posted in Business | Tagged Climb, countywide, home, prices, sales, slide

Advertisement

Get The Latest News by Email!

Sign up here for our free newsletters. We’ll send you the latest headlines every morning and every weekday afternoon.

 
FORECAST FOR LOS ANGELES
86°
Sunny
Feels like: 86°F
Wind: 2mph SW
Humidity: 11%
Pressure: 30.05"Hg
UV index: 0
SatSunMon
86/55°F
84/54°F
79/55°F
Weather forecast Los Angeles, California ▸

Most Popular Today

  • Mom Murdered Four Daughters In Santa Clarita Fire Horror: High Court Hears Death Penalty Appeal 3,400 views
  • Evacuations Ordered as 600-Acre Fire Threatens Mountain Center in Riverside County 3,200 views
  • Rape Victim Unconscious, But She’s Dead! Suspect Nabbed, Unclear When Victim Died In Pomona 3,200 views
  • Lancaster Man Killed in Crash Involving Big Rig 2,600 views
  • Man Arrested On Suspicion Of Rape In Pomona 2,200 views

©2021 CalNews Inc.

Menu

  • About
  • Staff
  • Contact
  • Advertise
  • FAQ
  • Privacy Policy
  • Terms of Service