|California real estate market offers a wide variety of real estate properties for buyers of every income group. Several properties including single family homes, condos, duplexes, waterfront homes and multiple family homes can be purchased by making a keen research of the CA real estate market. California real estate market analysis shows that several popular communities offer luxury homes and beach condominiums for the potential buyers and investors. Moreover, with the increasing number of home foreclosure, a large number of foreclosed homes are also available at comparatively cheap price.
California Real Estate Market News
To get aware with the real estate market trends of California it is very important for the buyers to find real estate market news. According to a reliable source, home sales in Southern California witness a rise as the sale of &500,000- plus homes have started to come back. On the other hand, there is a shift in the real estate market trends of 2009 as the sale of discounted foreclosure homes has waned and the mid to high end purchase have rose. During the last month, about 20,775 new and resale houses closed escrow in Orange County, Los Angeles, San Diego, Ventura, San Bernardino and Riverside.
California Real Estate Market Prediction
It has been predicted by real estate experts that the real estate market of California appears to be tilting back gradually toward a more stable balance of sale on the home price spectrum. They further suggest that although the increase in the sale were small but the fact that both the unit sales and the median home prices increased in the month of May suggest that the real estate market of California has reached the bottom and is one its way to recovery. An analysis of the real estate market also clearly shows that most buyers and investors are entering to make their purchase.
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