San Gabriel Valley Real Estate

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Here’s What’s Driving up Housing Prices

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What you should know …

 The 2015 Investor Survey from the CALIFORNIA ASSOCIATION OF REALTORS® found 21 percent of investors purchased in multifamily properties in the past year, up from 19 percent in 2014 and 14 percent in 2013.

 Eighty percent of the transactions were non-distressed, up from 70 percent in 2014, reflecting the recovering housing market.

 Additionally, consistent with investors purchasing more equity and multifamily properties, the median sales price increased to $375,000 in 2015, up from $320,000 in 2014 and $292,000 in 2013.

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This entry was posted on May 8, 2015 by and tagged , , , , .

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Contact Us!

Rich & Annie Reed
REALTORS
Long Dragon Realty
CalBRE# 01906230 & 01894384

(English/Spanish)
626-538-5116

(English/Chinese)
626-226-7862

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