According to the information released by the California RealTors Association on the 17th, the median price of the existing "independent house" in California has exceeded 800,000, and the median price of similar "independent house" houses in the Los Angeles area has reached 725,000 yuan.
The California Realtors Association announced on the 17th that the median price of the existing "detached house" in Los Angeles in April rose by 45,000 yuan compared with the previous month to 725,000 yuan, while the median price of the entire California "detached house" exceeded 800,000 yuan for the first time. A year ago, the median price of a "detached house" in the Los Angeles area was $550,000.
The California Association of Realtors noted that the median home price of "detached houses" in California reached $813,980 in April, mainly due to strong demand in the real estate market and a shortage of available listings.
Jordan Levine, vice president and chief economist at the California Association of Realtors, said soaring home prices not only threaten already low homeownerships, but also make it harder for those who don't yet. Levine pointed out that the vaccination rate of the new crown vaccine is increasing, California will fully restart the economy, and higher housing prices will attract those sellers who have postponed bringing their homes to the market due to the epidemic to feel relieved in the process of selling their homes, and their selling houses will calm the pressure on house prices.
The median house price of "detached houses" in Orange County reached 1.1 million yuan in April, compared with 1.025 million yuan in the previous month. In April 2020, the price of selling a "detached house" in Orange County was only 861,000 yuan.
But Southern California's San Bernardino County bucked the tide, where "detached homes" sold for less than in March. The median sales price of "detached houses" in the county in April was 405,000 yuan, which is the median sales price of "detached houses" in the county since March this year was 412,000 yuan.
California's home sales in April was the third consecutive month of monthly climbing, up 2.6 percent from $446.44.1 million in March, compared to a 65.1 percent increase from last year's figure. The strong rebound in house prices now is due to the huge blow that the housing market suffered in the epidemic last year. Home prices in April last year fell by more than 30% compared to April of the previous year.
Across the Southern California region, the median price of "detached houses" in April this year was 750,000 yuan, an increase of 6.4% compared with last month's house prices, and the price of "detached houses" in Southern California was 705,000 thousand in March this year. The median "detached house" house price in the entire Southern Canada region and the same period last year reached 583,000 yuan, the first time in California's history that house prices have risen in this area.
According to the California Real Estate Economics Association, the fastest price increase for "detached houses" in the whole of California last month was the Bay Area of San Francisco. The price of "detached houses" in the region in March was 1,225,000 yuan, and in just one month the price of this house rose to 1,328,000 yuan. Dave Walsh, president of the California Realtors Association, said california continues to experience the hottest real estate market, with sales speeds unprecedented, and some buyers or even buyers do not ask the price, the price of each square foot, and the price of the market, but at the same time, the listings are at an all-time low.