7/27/2006

California Median price Over $575,000

The number of single family home sales decreased by 26.3 percent from June, 2005, but the California median price is at a new high of $575,800, according to California Association of Realtors on July 25, 2006. This data is drawn from regional MLS's maintained throughout the state. Statewide, the median price for condos was $430,600, a 1.3 percent increase from June 2005.

"Statewide, the 10 cities and communities with the highest median home prices in California during June 2006 were: Beverly Hills, $1,877,500; Burlingame, $1,725,000; Manhattan Beach, $1,575,000; Los Altos, $1,543,500; Newport Beach, $1,347,250; Saratoga, $1,309,000; Mill Valley, $1,294,500; Palos Verdes Estates, $1,225,000; Orinda, $1,207,500; La CaƱada Flintridge, $1,150,000.

"Statewide, the 10 cities and communities with the greatest median home price increases in June 2006 compared with the same period a year ago were: Delano, 94 percent; Beverly Hills, 44.9 percent; Barstow, 36.9 percent; Culver City, 35.5 percent; Porterville, 34.6 percent; Paramount, 31.7 percent; Inglewood, 31.3 percent; Laguna Hills, 30.6 percent; Arroyo Grande, 30.5 percent; California City, 28.3 percent."

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