Home prices continued to exhibit strong growth from last year, according to the latest data report out from the California Association of Realtors.
CAR notes that 44 out of 51 counties tracked by the Association show year-over-year home price gains from 12 months ago, and 38 of those increased by more than 10 percent from last September. Additionally, six out of ten homes (62.2 percent) still sold above asking price in the latest monthly report, but it was also the lowest level since February 2021.
How did the median sale price of existing single-family homes stack up in SoCal? Let’s take a look:
L.A. County: In September, L.A. County posted an average sale of $886,050, up 6.7 percent from the month prior. Year-over-year, L.A. County’s median sale price was up 15.7 percent.
Orange County: The median sale price in September was unchanged from the prior month, holding at $1,100,000. Compared to September 2020, however, the average price was up 20.2 percent from $915,000.
Riverside County: The average sale price was also unchanged between August and September at $570,000. Year-over-year, Riverside posted an 18.8 percent increase.
San Bernardino County: Still generally offering the most affordable homes in SoCal, the median sale price in September was up just .5 percent to $437,000. The county has seen a 21.4 percent year-over-year incense, though, compared to an average sale of $359,000 12 months ago.
San Diego County: The fury with which San Diego prices were rising has tapered a bit, with September’s median sale price coming in at $850,000—up 1.8 percent from the month prior. Year-over-year, San Diego’s average sale price has increased 15.6 percent.
Ventura County: The only county in Southern California that saw the average sale’s price decrease, Ventura County posted a median price of $815,000 in September, down 4.5 percent. Compared to September 2020, prices are still up 3.5 percent.