SoCal Caps 2016 With Steady Home Price Growth And Modest Sales Gain

CoreLogic

By Andrew LePage

Southern California’s housing market closed 2016 with the highest median sale price in nine years, continued steady price growth, slightly higher full-year sales than in 2015, record luxury sales, and lower levels of investor purchases and distressed sales. But inventory remained tight, exacerbating the affordability crunch, and there were stronger signs of a disconnect between home prices and incomes in some parts of the region.

Read More

Previous Land Entitlement Is Only Becoming More Challenging
Next Land Acquisition and Development Manager

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Housing Market

Dying Shopping Malls Can Make Room for New Condos and Apartments

In the San Fernando Valley, there are plans to level a nearly vacant mall and replace it with some 1,400 homes, boutique retail space and a concert venue.

Housing Market

Orange County Homebuilding Soared in 2016

By Jeff Collins Homebuilding and new home sales soared in Orange County last year, driven by job growth, rising demand and an abundant supply of new home projects to choose

Housing Market

Slowing Home Price Appreciation

No real surprise here – after a sharp bounce back off the bottom, particularly in core markets, home prices appear to be leveling off. Overall, this is probably not bad