Sales of Single-Family Houses Fall 17% in Quarter
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The number of existing single-family houses sold in Ventura County fell 17% during the first quarter, and prices were down 3% compared with the fourth quarter of last year, according to the California Assn. of Realtors.
The median price for houses in the county was $226,500 during the first three months of the year, the association said. This compared with $233,800 in the fourth quarter of 1991 and $230,940 in the first quarter of 1991.
Sales in this year’s first quarter were off 16% from the same quarter a year ago.
The association does not track condominium sales in the county.
On a year-to-year basis, prices for existing houses were down 2%.
Declining prices meant that 27% of the county’s households could afford to buy a median-priced home in March, the real estate group said. This compared with an affordability index of only 20% in March, 1991.
In contrast with the Ventura County market, sales and prices increased in Los Angeles County and statewide during the first quarter.
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