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HAL CUTLER Find Oxnard Real Estate, Port Hueneme Real Estate & coastal Ventura County, California Real Estate!
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Fact SheetProvided by the California Association of Realtors® - A trade association representing nearly 1750,000 REALTORS(R) statewide.
C.A.R. releases 2009-2010 “State of the
California Housing Market”, March 10,2010 Affordable home prices, tax credits for home buyers, historically low interest rates, and a large number of distressed properties prompted many first-time home buyers to enter the market in 2009, according to C.A.R.’s 2009-2010 “State of the California Housing Market” report released today. California’s median home price hit bottom in February 2009 at $245,170. Since then, the median home price has increased steadily in month-to-month comparisons, but remained below 2008 levels throughout 2009. The annual median price is projected to increase to $280,000 in 2010 from $271,000 in 2009. Homes priced $500,000 or less dominated the sales mix throughout 2008 and early 2009, but peaked at 85 percent in January 2009. Meanwhile, the market share of homes sold for more than $500,000 increased from 15 percent in January 2009 to 25 percent in July 2009, holding steady around that figure for the remainder of last year.
FAST FACTS
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Information contained herein
is deemed reliable, but not guaranteed. References to size or square
footage is taken from public records but is not verified. If your property is
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listing. Property offered is subject to prior sale. Consult a
qualified specialist for legal or tax issues. |