LAKE COUNTY, Calif. – In its latest report on local home sales, the Lake County Association of Realtors said the median sales price of single family residences for the third quarter of 2014 – July, August and September – showed a month-to-month increase in median sales price while the units sold showed a month-to-month decrease.
The median sales price in July was $168,000, rising to $172,000 in August and increasing again in September, when it reached $185,000, the association said.
The number of units sold was 79 in July, 73 in August and 58 in September. LCAOR said these trends are similar to what is being seen on a statewide basis.
The number of active listings remained relatively stable throughout the quarter ranging from a high of 479 in August to a low of 451 in September, LCAOR said.
“Quarterly results for the third quarter were very comparable to the second quarter’s results,” said LCAOR President Rick White. “The third quarter had a median sales price of $172,000, which was slightly down from the second quarter median sales price of $175,000. On a quarter-to-quarter basis, the number of units sold remained relatively unchanged also.”
Compared to one year ago, the third quarter results showed a 17-percent increase in median price and a 13-percent decrease in the units sold, the association reported.
For more information about LCAOR visit www.lcaor.com .
Realtors association report shows increase in sales prices, decrease in units sold for third quarter
- Lake County News reports
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