L.A., San Diego and San Bernardino See Median Price Drops

Taking a deeper look at the new November numbers out from the California Association of Realtors shows that last month was a mixed bag for SoCal. 

As we previously reported, the Golden State as a whole saw home prices continue to stabilize, dipping below the $800,000 benchmark for the second straight month. The statewide median price was down 2 percent from October to $782,480.

In SoCal specifically, half the counties saw the median price drop, while the other half continued the climb.

Los Angeles County had the largest drop of 9.4 percent, as the median sale price in November went from $848,970 to 765,500. San Bernardino saw a marginal drop of 1.1 percent, from $445,000 to $440,000.

San Diego County also saw a slight drop in median sales price, going from $850,000 in October to $847,750 in November. 

Orange County prices continued to rise, jumping 2.7 percent to $1,150,000 in November. Ventura County’s average sold price rose from $830,000 to $858,500, while Riverside County prices were up 1.2 percent to $586,900.

The largest increase in median sale prices came in neighboring Santa Barbara County, where the average came in 19.8 percent higher in November compared the month prior. The median sale price in Santa Barbara County clocked in at $1,003,000 in November compared to $837,000 in October.