Southern California Home Sales Up | Valerie Fitzgerald | Beverly Hills Real Estate
By Valerie Fitzgerald, Luxury Real Estate in Beverly Hills & West LA
(Coldwell Banker Residential Brokerage)
Home sales and prices continued their steady but pokey climb up from the bottom in Southern California last month as buyers scrambled to take advantage of low prices and low mortgage interest rates. The market is still tilted toward low-cost distress sales, but not by as much as previously, a real estate information service reported. A total of 20,476 new and resale homes sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month. That was up 33.3% from 15,359 in February, and up 5.0% from 19,506 in March 2009, according to MDA DataQuick. The San Diego firm tracks real estate trends nationally via public property records. Sales always go up from February to March. Last month was the 21st in a row with a year-over-year sales increase. The March sale...
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