Interesting Real Estate Stats from the California Association of Realtors

California Real Estate Stats from the California Association of RealtorsWhat did we learn about California real estate from the last month of 2016? A lot, according to the California Association of Realtors! Southern California pending sales are up, while San Francisco area pending sales are down a bit from November and when compared to December 2015.

California Real Estate in December: Ask and You Shall Receive!

However there is good news for sellers: the properties that sold for above asking price in December jumped up to 23% – a five point gain over 2015. And of those that received higher than asking price, they received about 11% higher. That’s also an increase from both the previous month and the previous year.

Along the same lines, the share of California real estate selling for below asking price dropped 14% from last year. That means that 34% of homes sold for asking price, also an increase!

For a few more interesting stats from the California Association of Realtors, and to find out how Petaluma and Penngrove are faring specifically, download the full article now!

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