SoCal Real Estate market keeps getting hotter – year over year sales up 11%. What is your home’s worth? Call me now…

California single-family home and condominium sales were up 9% in April mostly due to the 9.2% gain in non-distressed property sales that accounted for 83% of total sale, according to the latest housing report from PropertyRadar. Additionally, year-over-year sales were up 3.6% across the nine Bay Area counties and 11% in Southern California. The percentage of homebuyers who could afford to purchase a median-priced, existing single-family home in California in first-quarter 2015 rose to 34% from the 31% recorded in the fourth quarter of 2014 and up from 33% in the first quarter a year ago, according to CAR’s Traditional Housing Affordability Index. Read more…

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