Home sales in Los Angeles County jumped by 11.9 percent in June, compared to the same month a year ago, while prices rose by 2.2 percent, a real estate information service announced Tuesday.
The numbers released by San Diego-based DataQuick were echoed by the California Association of Realtors, which released figures showing that sales in the Los Angeles metropolitan area rose by 5.8 percent last month, compared with June 2011. Los Angeles-area home prices also increased by 7.9 percent in June over the same month last year, according to CAR.
CAR noted that home sales dipped 4.7 percent between May and June in the L.A. metropolitan area, but home prices statewide have reached their highest level since August 2010.
DataQuick reported that 7,619 homes changed hands in Los Angeles County last month, compared to 6,809 in June 2011. The median price of a home in Los Angeles County in June was $325,000, up from $318,000 in June 2011.
A total of 22,075 new and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties in June, according to DataQuick. That was down 0.5 percent from 22,192 in May, and up 7.5 percent from 20,532 in June 2011.
According to AOL Real Estate, 76 homes were sold in Woodland Hills in June and 14 have sold so far in July. Prices ranged from $1,075,000 for a 3,000 square-foot, five bedroom, three bathroom single family home to $120,000 for a 599 square-foot, one bedrrom, one bathroom condo. (Scroll to the bottom of this article for a full list of Woodland Hills July home sales.)
The median price for a Southern California home was $300,000 last month, up 1.7 percent from $295,000 in May and up 5.3 percent from $285,000 in June 2011.
DataQuick president John Walsh warns that the June numbers might not be as good as they first might seem.
"Yes, the median sale price rose again, but it's clear this has a lot to do with changes in the types of homes selling, rather than across-the-board price appreciation," Walsh said. "Fewer of the homes selling now are foreclosures, while more are nice houses in mid- to higher-end neighborhoods.''
Woodland Hills July Home Sales
Address Beds Baths Square Feet Property Type Price Date Sold 6610 Farralone Ave. 3 2 1,314 Single Family Home $438,000 July 9 21917 Lopez St. 3 1 1,014 Single Family Home $435,000 July 9 21450 Burbank Blvd. 2 2 920 Condo $280,000 July 9 5560 Ostin Ave. 5 4 3,772 Single Family Home $789,000 July 6 23230 Bigler St. 3 2 1,892 Single Family Home $527,000 July 6 22455 Maycotte Road 4 4 3,366 Single Family Home $75,000 July 6 5709 El Canon Ave 4 3 2,752 Single Family Home $655,000 July 5 4392 Pampas Road 4 3 2,150 Single Family Home $635,000 July 5 21450 Burbank Blvd. 2 2 920 Condo $280,000 July 5 20200 Allentown Drive 6 4 4,327 Single Family Home $663,000 July 3 24210 Caris St. 4 3 2,753 Single Family Home $663,000 July 3 23171 Mulholland Drive 2 3 2,087 Condo $315,000 July 3 5270 Owensmouth Ave. 3 3 1,629 Condo $315,000 July 3 21901 Burbank Ave. 3 3 1,900 Condo $385,000 July 2*The above information comes from AOL Real Estate
