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Real Estate Market Statistics in California

How would you like to own your very own pieceincrease in residential foreclosures in
of Golden State property? Real estate inCalifornia. Residential foreclosure activity
California can fluctuate a lot. It tends toin California surged to its highest level in
be pricey in most parts of the state due tomore than four years last quarter, the result
the high demand for property there.Theof slower home sales and flattening prices.
California real estate market is one that isThis could mean great opportunities for
watched by people from all over the world.someone looking to break in to the real
Many people want to have their ownestate market in California.Bay Area home
opportunity to own a piece of the great stateprices fell on a year-over-year basis for the
of California. The problem is that nice landfirst time in more than four years last
or property is not readily available inmonth. Sales were at their lowest level in
California. If it is, the price is veryfive years. A total of 42,450 new and resale
steep. There are also many popularhouses and condos were sold statewide last
overpopulated or polluted areas of themonth. That is down 14.8 percent from 49,800
state.Where the Market StandsTo understandfor August and down 28.8 percent from a
where the market stands, you need to realize59,600 for September 2005.Does this mean that
that there are different parts to the statefewer people are buying real estate or just
of California. Such a big state is going tothat there are fewer available since they are
have lots of different types of property andall bought up?
real estate. There has recently been a steep



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