There have been countless ups and downs in the history of house purchase across southern California.
Southern California News Group will now be the chronicle of house sales and price oscillations using the data from a new supplier, ATTOM based in Irvine. The company follows closed transactions for existing and new housing – single -family houses, condos and their combined totals – dating back to 2005.
Please note that house sales accounting contains a lot of science and a little art. Not all transactions have a simple buyer and seller with traditional financing – mortgage or species. The deciphering of the nature of the length of the weapons of each sale – and the value that changes value – is not always simple. This means that ATTOM statistics differ slightly from our previous data suppliers: Dataquick, Dqnews and Corelogic, which recently renamed Cotality. These reports are no longer produced.
Let us display local purchasing models and extremes through our new statistics from Attom. My faithful calculation sheet has found 21 things that you should know about the gyps of the housing market since 2005 to February 2025 in the region of Six Comties.
First of all, consider price oscillations for all house sales …
1. Save high: Median selling price of $ 823,000 in May 2024. Compared to $ 820,000 in February 2025, we are $ 3,000.
2. Great recession Bottom: $ 241,000 in April 2009, so we are 240% above this hollow.
3. Price gain of 20 years: The median house has appreciated 101% since February 2005.
4. Gains vs losses: 79% of months since 2005 have increased prices from one year to the next.
5. Diving 12 months since 2005: In addition to 28% in the financial year completed in June 2013.
6. greater loss of 12 months: Down 39% of the year completed in January 2009.
Then think about how total sales activity has gyré for more than 20 years for existing and newly built properties …
7. Average sale rate: 19,649 transactions closed per month over 20 years. Thus, the total of 11,966 of February 2025 was 39% lower than the standard.
8. The busiest month of a typical year: It’s June. Since 2005, the 22,531 average sales have been 15% above the standard.
9. Slower month of a typical year: We are in January. Since 2005, the 15,496 average sales have been 31% lower than the peer.
10. Single month the fastest since 2005: These are 37,549 sales in June 2005.
11. The slowest month: These are 10,326 sales in January 2023.
Consider the large tranche of the market, existing and newly constructed unified houses …
12. Record high median price: $ 875,000 in May 2024 and February 2025.
13. 20 years gain: Unifamilial houses have been enjoying 105% since February 2005.
14. Average sale rate: 14,968 per month over 20 years. Thus, the total of 8,807 of February 2025 was 41% lower than the standard.
15. Extreme sales of a typical year: The busiest month is in June with 17,193 medium sales against the slowest January at 11,874 sales.
Think of the usual good deal in southern California, the existing and newly constructed condo …
16. Record high median price: $ 700,000 in July 2024 and February 2025.
17. Gain 20 years: Condos have appreciated 94% since February 2005.
18. Average sale rate: 4,681 per month over 20 years. Thus, the total of 3159 February 2025 was 33% below the standard.
19. Extreme sales of a typical year: The busiest month is in June with 5 338 slowest lelmest is in January with 3,622 average sales.
Finally, let’s contrast the condos to the unified houses.
20. Part of condo of all sales: 24% on average over 20 years against 26% in February 2025.
21. Condo vs unifamilial price: The median has been 16% cheaper on average since 2005 against 21% cheaper in February 2025.
Jonathan Lansner is a business columnist for the Southern California News Group. It can be attached to jlansner@scng.com
Originally published:
California Daily Newspapers
