Search
Subscribe
Advertise
Subscribe
Advertise

Southern California home prices up 8.6%, an all-time high

By

Share

In a report released by CoreLogic, Southern California home prices have surged 8.6% in November compared to a year earlier. The report reveals that the housing market shows strong job growth, historically low mortgage rates and a shortage of listings driving a combination of both higher prices and a larger demand. As compared to a year earlier, the all-time high underscores a tight housing market with few properties for sale. November sales were essentially flat, just down 0.1% from a year earlier.

The six-county region’s median home price hit $505,000 last month, a nominal record seen in September and before that, in 2007 just before the housing market collapsed.

Share
Share
Tweet
Pin it
Share
Share
Share
Share
RELATED TAGS
DIGS

DIGS

DIGS – the largest and most influential real estate lifestyle media platform in Southern California serving the affluent coastal neighborhoods of Manhattan Beach, Hermosa Beach, Redondo Beach, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills Estates, Rolling Hills, El Segundo, Playa Vista, Playa del Rey, Marina del Rey, Venice, Santa Monica, Malibu, Pacific Palisades, Brentwood and Beverly Hills.
YOU MAY ALSO LIKE

Saint-Pères: A Parisian Masterpiece by Designer Hugo Toro
Designer Hugo Toro has transformed an apartment in Paris's Saint-Germain-des-Prés into a captivating blend of classical French elements and contemporary innovation. Bold colors, unique shapes, and diverse influences create a space that defies convention, showcasing Toro's unbounded creativity and passion for pushing design boundaries.
  • September 20, 2023
  • •
  • Jenn Thornton

Rebecca Sekulich: Elevating Santa Monica Real Estate with Vision & Passion
Rebecca Sekulich, a real estate dynamo in the heart of Santa Monica, whose infectious passion, unwavering dedication, and visionary approach have set her apart in the industry. As a top-performing agent at Compass, Rebecca's impressive portfolio spans residential, luxury, and investment properties, and her exceptional service and advocacy have earned her a loyal client base.
  • September 5, 2023
  • •
  • DIGS

The Rebirth of Santa Monica’s Iconic Georgian Hotel
The iconic Georgian Hotel in Santa Monica reopened its doors in April, unveiling a stunning transformation led by Fettle Design. With a rich history that hosted Hollywood legends like Marilyn Monroe, the hotel's restoration, guided by BLVD Hospitality, gracefully balances its storied past with modern hospitality.
  • August 23, 2023
  • •
  • Karine Monié

Sterling-Huddleson Architecture’s the Edge Residence in Pebble Beach
The Edge, a stunning contemporary home located in the picturesque community of Pebble Beach, California, is a masterful creation by Sterling-Huddleson Architecture. The result is a breathtaking residence that seamlessly blends advanced building technology and timeless contemporary design.
  • August 23, 2023
  • •
  • Jenn Thornton

Of Possible Unveils Stunning Loft Living Concept in Williamsburg
Explore the soon-to-be-completed building at 103 Grand Street, Williamsburg, offering three units designed to capture the spirit of this historic area. Led by Rise Development and architect Vincent Appel of Of Possible, each unit boasts its own outdoor space and a seamless connection between interior and exterior.
  • July 13, 2023
  • •
  • Karine Monié
Sign Up for DIGS Newsletters