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Southern California Real Estate Remains Remarkably Resilient
Southern California Real Estate Remains Remarkably Resilient
Southern California Coldwell Banker Realty President, Jamie Duran, notes the following regarding the Southern California Real Estate Market as of August 31, 2021.  Even as the pandemic persists and economic uncertainty rises, the housing market, although showing signs of some normalization, remains remarkably resilient.  The market is just returning to pre-COVID levels where excess demand
California Reopens – What Does It Mean for Housing?
California Reopens – What Does It Mean for Housing?
Jamie Duran, President of Coldwell Banker Realty throughout Southern California made the following observations about the June housing market as California has officially begun its long-awaited reopening.  Duran said, “as the market continues to pull away from the pandemic it appears as if demand has levelled off at a point that still marginally exceeds new
SoCal Real Estate Market Reports Record Highs, Monthly Volume Up 141% Year over Year
SoCal Real Estate Market Reports Record Highs, Monthly Volume Up 141% Year over Year
Consumers are continuing to show high confidence in the real estate market with record numbers across Southern California, including a monthly year over year increase in volume of 141%.  The number of homes sold increased 69%, prices increased 43%, and monthly supply declined 56% compared to April of 2020 when the market was just beginning
Residential Real Estate Sales Robust in February with Year over Year Average Decrease of 55% for Days on Market, Increase of 20% for Home Prices
Residential Real Estate Sales Robust in February with Year over Year Average Decrease of 55% for Days on Market, Increase of 20% for Home Prices
Los Angeles saw highest number of units sold, Orange County had the highest average sales price, Riverside’s average days on market dropped the most, and San Diego experienced the lowest inventory of the four counties. Extremely low inventory levels are pervasive across Southern California as homes sold on average 55% faster in February 2021 over