Home Sales Up 24% From Last Year

Southern California’s housing market recovery is in full swing with home sales up by 24% in the first five months of this year compared to the same period a year ago, according to TRW REDI Property Data, a real estate information company.

Sales of new and existing homes have now increased for 10 consecutive months, based on year-over-year comparisons, TRW REDI said. Sales were strongest in Orange County and weakest in Los Angeles.

Home Sales and Average Prices

Chart compares the periods of January through May for 1993 and 1994.

County Sold Price Sold Price Chng Chng 1993 1993 1994 1994 in No. Price Los Angeles 26,737 235,566 31,652 231,102 18.4% -1.9% Orange 10,742 241,365 14,308 239,019 33.2% -1.0% Riverside 7,445 145,851 9,712 147,080 30.4% 0.8% San Bernardino 7,577 135,467 9,284 133,438 22.5% -1.5% San Diego 9,713 202,199 12,369 209,622 27.3% 3.7% Ventura 3,195 231,345 3,775 226,280 18.2% -2.2% S. California 65,409 209,657 81,100 208,231 24.0% -0.7%