California News Blog

The Dana Point real estate market seems to be heading towards a recovery, according to the most recent market indicators. According to an April 14, 2010 article in the Los Angeles Times, “Southern California’s housing market showed fresh signs of momentum in March with the median price and sales pace improving from the same month a year earlier as buyers hurried to take advantage of a soon-to-expire federal tax incentive, cheap prices and low interest rates.” The piece, composed by Alejandro Lazo, continued to state that “The median price paid for new and previously occupied houses and condominiums in Southern California jumped 14% in March to $285,000 from the same month a year earlier, according to San Diego real estate research firm MDA DataQuick.”

The volume of Dana Point and Southern California home sales was especially noteworthy, according to an April 13, 2010 article in DQ News. This piece found that “Home sales and prices continued their steady but pokey climb up from the bottom in Southern California last month as buyers scrambled to take advantage of low prices and low mortgage rates. The market is still tilted toward low-cost distress sales, but not by as much as previously, a real estate information service reported.” The article, which was released on TheStreet.com, continued to report that “A total of 20,476 new and resale homes sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino, and Orange counties last month. That was up 33.3% from 15,359 in February, and up 5.0% from 19,506 in March 2009, according to MDA DataQuick. The San Diego firm tracks real estate trends nationally via public property records.”

This same general good news for Dana Point real estate was reported by Kristen Schott in the OC Metro on April 13, 2010. Her article found that “Orange County’s median home price shot up 12.2 percent in March, compared to the same time last year, according to a new report released by DataQuick. The number hit $432,000 in the period, up from $385,000 at the same time last year. The price also increased over February, when the region’s median came in at $417,000.”

Tags: Los Angeles Times·MacDonald Dettwiler·MDA DataQuick·Real Estate·Real estate pricing·San Diego·Southern California·TheStreet.com