Friday, May 10, 2013

Homes Selling Fast in the Wild Wild West

The west is making incredible progress in the real estate industry. As it turns out, it's the fastest real estate market there is right now.

According to RealtorMag.com, below are the five fastest selling markets...

Orange County, California
  • Average days on the market: 15
  • Homes that sell in seven or less days: 29 percent
  • Average home price increase: 27 percent to $495,000
San Diego, California
  • Average days on the market: 20
  • Homes that sell in seven or less days: 25 percent
  • Average home price increase: 22 percent to $390,000
Sacramento, California
  • Average days on the market: 12
  • Homes that sell in seven or less days: 30 percent
  • Average home price increase: 31 percent to $210,000
Los Angeles, California
  • Average days on the market: 15
  • Homes that sell in seven or less days: 29 percent
  • Average home price increase: 26 percent to $307,564
Las Vegas, Nevada
  • Average days on the market: 12
  • Homes that sell in seven or less days: 30 percent
  • Average home price increase: 35 percent to $148,500
We can't help but note that all but one of these cities exist in California. And we're also proud to mention that we have a Realty Executives office in each of these major areas. We hope to see continued improvement in California and around the United States.

Click here to read the full story.

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