California’s housing market continued to pick up steam as existing home sales and prices propelled higher, with both posting back-to-back increases in March. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 391,680 units in March, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. Sales in March were up 6.3 percent from a revised 368,400 in February and up 7.3 percent from a revised 365,120 in March 2014. The year-over-year sales increase was the first back-to-back sales gain since December 2012 and the largest observed since May 2012. The statewide sales figure represents what would be the total number of homes sold during 2015 if sales maintained the March pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
March-15 |
Median Sold Price of Existing Single-Family Homes
|
Sales
| |||||||
| State/Region/County | Mar-15 | Feb-15 | Mar-14 | MTM% Chg | YTY% Chg | MTM% Chg | YTY% Chg | ||
| CA SFH (SAAR) | $468,550 | $428,970 | $437,100 | r | 9.2% | 7.2% | 6.3% | 7.3% | |
| CA Condo/Townhomes | $382,050 | $367,180 | $360,490 | r | 4.0% | 6.0% | 46.0% | 7.6% | |
| Los Angeles Metro Area | $431,660 | $409,810 | $401,810 | r | 5.3% | 7.4% | 38.7% | 10.1% | |
| Inland Empire | $290,240 | $282,400 | $270,940 | r | 2.8% | 7.1% | 40.2% | 9.1% | |
| S.F. Bay Area | $809,200 | $740,270 | $726,240 | r | 9.3% | 11.4% | 56.0% | 9.9% | |
| S.F. Bay Area | |||||||||
| Alameda |
$756,250
| $697,160 | $660,610 | r | 8.5% | 14.5% | 90.6% | 15.2% | |
| Contra-Costa (Ctl Cty) | $784,950 | $738,090 | $703,490 | 6.3% | 11.6% | 55.5% | 7.6% | ||
| Marin | $1,085,230 | $1,023,440 | $1,039,770 | 6.0% | 4.4% | 71.0% | -1.1% | ||
| Napa | $562,500 | $544,120 | $585,530 | 3.4% | -3.9% | 50.0% | 43.8% | ||
| San Francisco | $1,275,000 | $1,154,760 | $974,490 | r | 10.4% | 30.8% | 49.2% | 3.4% | |
| San Mateo | $1,300,000 | $1,200,000 | $1,170,500 | r | 8.3% | 11.1% | 64.6% | 5.1% | |
| Santa Clara | $932,100 | $915,130 | $865,000 | r | 1.9% | 7.8% | 54.9% | 12.4% | |
| Solano | $345,100 | $337,500 | $312,350 | 2.3% | 10.5% | 28.9% | 27.1% | ||
| Sonoma | $519,500 | $489,330 | $494,190 | r | 6.2% | 5.1% | 39.2% | -6.6% | |
| Southern California | |||||||||
| Los Angeles |
$425,860
| $419,260 | $395,660 | 1.6% | 7.6% | 33.8% | 7.6% | ||
| Orange County | $696,060 | $680,290 | $675,540 | 2.3% | 3.0% | 45.7% | 13.8% | ||
| Riverside County | $331,710 | $323,220 | $310,670 | 2.6% | 6.8% | 44.1% | 5.5% | ||
| San Bernardino | $215,640 | $213,930 | $188,550 | r | 0.8% | 14.4% | 33.5% | 16.5% | |
| San Diego | $530,650 | $499,000 | $490,280 | 6.3% | 8.2% | 32.3% | 5.7% | ||
| Ventura |
$596,890
| $568,840 | $559,320 | 4.9% | 6.7% | 42.0% | 23.6% | ||
| Central Coast | |||||||||
| Monterey | $510,000 | $500,000 | $521,250 | r | 2.0% | -2.2% | 45.2% | 38.0% | |
| San Luis Obispo | $507,440 | $491,670 | $491,350 | r | 3.2% | 3.3% | 37.9% | 20.1% | |
| Santa Barbara | $770,830 | $556,820 | $605,470 | 38.4% | 27.3% | 65.4% | 38.7% | ||
| Santa Cruz | $747,250 | $675,000 | $635,000 | 10.7% | 17.7% | 29.1% | 23.5% | ||
| Central Valley | |||||||||
| Fresno | $213,960 | $210,320 | $202,100 | 1.7% | 5.9% | 32.4% | 20.2% | ||
| Glenn | $190,000 | $220,000 | $140,000 | -13.6% | 35.7% | 0.0% | 75.0% | ||
| Kern (Bakersfield) | $208,800 | $216,950 | r | $201,000 | r | -3.8% | 3.9% | 43.1% | 8.1% |
| Kings County | $190,000 | $196,000 | $179,230 | -3.1% | 6.0% | 37.0% | -20.3% | ||
| Madera |
$198,750
| $217,500 | $206,670 | r | -8.6% | -3.8% | 89.7% | 10.0% | |
| Merced | $190,000 | $168,750 | $154,000 | 12.6% | 23.4% | 13.3% | 4.4% | ||
| Placer County | $383,330 | $375,380 | $367,190 | 2.1% | 4.4% | 54.0% | 23.9% | ||
| Sacramento | $282,080 | $283,960 | $263,810 | -0.7% | 6.9% | 25.9% | 11.4% | ||
| San Benito | $474,900 | $450,000 | $418,000 | 5.5% | 13.6% | 18.6% | 18.6% | ||
| San Joaquin | $272,500 | $270,750 | $245,890 | r | 0.6% | 10.8% | 44.4% | 18.5% | |
| Stanislaus | $242,170 | $237,680 | $214,760 | 1.9% | 12.8% | 38.4% | 10.9% | ||
| Tulare | $182,630 | $172,140 | $165,380 | 6.1% | 10.4% | 20.5% | 7.0% | ||
| Other Counties | |||||||||
| Amador |
$250,000
|
$271,430
| $214,290 | r | -7.9% | 16.7% | 6.7% | 6.7% | |
| Butte County | $233,930 | $247,320 | $221,550 | r | -5.4% | 5.6% | 20.3% | 16.5% | |
| Calaveras | $258,500 | $232,500 |
$257,500
| 11.2% | 0.4% | 26.8% | 16.4% | ||
| Del Norte | $139,250 | $189,000 |
$161,450
| -26.3% | -13.8% | 50.0% | 50.0% | ||
| El Dorado County | $393,400 | $384,880 | $385,710 | 2.2% | 2.0% | 32.1% | 0.4% | ||
| Humboldt | $253,120 | $250,000 | $230,680 | 1.2% | 9.7% | 22.6% | 37.3% | ||
| Lake County | $225,000 | $184,290 | $158,460 | 22.1% | 42.0% | 17.8% | 1.9% | ||
| Mariposa | $275,000 | $250,000 | $245,830 | 10.0% | 11.9% | -50.0% | -63.6% | ||
| Mendocino | $297,500 | $309,090 | $264,290 | r | -3.7% | 12.6% | 44.1% | 16.7% | |
| Nevada | $337,000 | $334,000 | $340,000 | 0.9% | -0.9% | 44.4% | 12.3% | ||
| Plumas | $245,000 | $192,500 | $207,500 | 27.3% | 18.1% | -25.0% | -25.0% | ||
| Shasta | $223,750 | $225,860 | $213,410 | -0.9% | 4.8% | 63.6% | 25.6% | ||
| Siskiyou County | $176,670 | $148,330 | $173,330 | 19.1% | 1.9% | 76.2% | 15.6% | ||
| Sutter | $250,000 |
$213,330
|
$207,690
| r | 17.2% | 20.4% | 13.8% | 65.0% | |
| Tehama |
$163,330
| $150,000 | $180,000 | 8.9% | -9.3% | 115.8% | 57.7% | ||
| Tuolumne | $232,140 | $195,000 | $220,830 | 19.0% | 5.1% | 43.5% | 13.8% | ||
| Yolo | $334,720 | $372,860 | $326,560 | -10.2% | 2.5% | 24.2% | 5.1% | ||
| Yuba | $198,890 |
$215,220
|
$202,940
| r | -7.6% | -2.0% | 19.6% | 11.7% | |
Regional/County sales data and condo sales data not seasonally adjusted.
The MLS median price and sales data for detached homes are generated from a survey of more
than 90 associations of REALTORS® and MLSs throughout the state, representing 90 percent of
the market. County sales data are not adjusted to account for seasonal factors that can influence
home sales. MLS median price and sales data for condominiums are based on a survey of more
than 60 associations. The median price for both detached homes an condominiums represents
closed escrows. Movements in sales prices should not be interpreted as changes in the cost of a
standard home. Median prices can be influenced by changes in cost and in the characteristics
and size of homes sold. Due to low sales volume in some areas, median price changes may
exhibit unusual fluctuation. C.A.R.’s data has been standardized to reflect county-level statistics.
than 90 associations of REALTORS® and MLSs throughout the state, representing 90 percent of
the market. County sales data are not adjusted to account for seasonal factors that can influence
home sales. MLS median price and sales data for condominiums are based on a survey of more
than 60 associations. The median price for both detached homes an condominiums represents
closed escrows. Movements in sales prices should not be interpreted as changes in the cost of a
standard home. Median prices can be influenced by changes in cost and in the characteristics
and size of homes sold. Due to low sales volume in some areas, median price changes may
exhibit unusual fluctuation. C.A.R.’s data has been standardized to reflect county-level statistics.
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