WEATHER »

Houses Sell

Lively Trade in South Coast Homes


The median resale price for a single-family detached home on the South Coast reached rose $1.1 million this July, an increase of 4.8 percent compared to last summer, according to California Association of Realtors (CAR) statistics released on 8/27. Homes sold hand-over-fist during the month, exceeding July 2006 sales by 28 percent. The picture was far different in North County, where the median price fell 15 percent to $386,000, and sales were 47 percent slower this July than they had been a year previously. Statewide, prices increased by 3.2 percent, to a median of $586,030, with slower sales and smaller price increases more pronounced in lower-priced markets. Meanwhile, the New York Times reported the Massachusetts-based research firm Global Insight’s prediction that the median price of homes across the US this year will fall slightly for the first time since federal housing agencies began keeping statistics in 1950.

To submit a comment on this article, email letters@independent.com or visit our Facebook page. To submit information to a reporter, email tips@independent.com.



Be succinct, constructive, and relevant to the story. Leaving a comment means you agree to our Discussion Guidelines. We like civilized discourse. We don't like spam, lying, profanity, harassment or personal attacks.

comments powered by Disqus
event calendar sponsored by:

Plastic Bags? Throw ‘Em Away

Santa Barbara County makes recycling rules tougher in face of exacting standards.

UCSB Ranked Number Three in UC System

Cal and UCLA took the one and two spots.

Pini Property Fights Continue

As an epic attorney battle continues in the Dario Pini receivership, a tenant is getting fed up.

MTD Takes Stand Against Prop. 6

The bus company is concerned about the state funding it relies upon.

County Half-Jokes It Wants Cannabis ‘World Domination’

A government executive implores growers to get legal before time runs out.