Talk about a loaded Question. After I reported an increase in median sales prices when comparing the closings with November 2010 and December 2010 – I did get some phone calls… Not from others in this industry, but from media sources. Everything was verified and the search was apples to apples – conducted in the exact same way for each month.
I also said we need more data in order to renter a “best” opinion as to where prices are headed. At least a Quarter, preferably a Third section of the year so a better comparison can be conducted.
December had the holidays – everything that had been worked in on October and November closed December – A seemingly valid reason could be made from that fact – We will have to see.
If you are wanting to search for everything available, Foreclosures and have a way to get True Home Values – visit our Paris911 REMAX Santa Clarita Superpage – It is for all of Southern California Real Estate.
I cannot wait until I run the numbers from January 2011 closings. I’ll keep you posted – My BEST.