The public comment period for the Bay Delta “Conservation” Plan to divert the Sacramento River around the Delta has ended but the California Water War continues for the foreseeable future. The Natural Resource Agency and the Department of Water Resouces (DWR) continue to provide a lot of misinformation but they are continually met with citizen truth squads. Here is a recent op-ed in the Tracy Press to correct some bad information recently put out by DWR Director Mark Cowin.
A continued shortage of available homes for sale lowered California home sales in September, while the median price reached the highest level in more than four years, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported this week.
“Sales in the inland and coastal markets continue to move in different directions. Low inventory – especially in distressed areas – is dampening sales activity,” said C.A.R. President LeFrancis Arnold. “In many of these areas, there is a one- to two-month supply of REO homes on the market. “The Inland Empire and the Central Valley have experienced double-digit sales declines compared with last year. Meanwhile, sales were higher in San Diego and most Bay Area counties, where the economies appear to be growing faster than the rest of the state.”
Sales in September were down 5.2 percent compared with August and down 1.2 percent from September 2011.
The statewide median price of an existing, single-family detached home inched up 0.3 percent from August’s $343,820 median price to $345,000 in September.
California’s housing inventory eased slightly in September, with the Unsold Inventory Index for existing, single-family detached homes edging up to 3.7 months, up from a revised 3.2 months in August and 5.3 months in September 2011. The index indicates the number of months needed to sell the supply of homes on the market at the current sales rate. A six- to seven-month supply is considered normal.
Homes sold faster in September, with the median number of days it took to sell a single-family home falling to 39.3 days in September 2012 from 41.1 days in August and down from a revised 54.2 days for the same period a year ago.
John J. O’Dell Realtor® GRI
Civil Engineer
General Contractor
(530) 263-1091
Email <a href=”mailto:jodell@nevadacounty.com”>jodell@nevadacounty.com</a>
