San Diego real estate blog - Peter Toner

Data Quick Reports for April 2008 show an increase in sales by 22% in Southern California compared to home sales in March of 2008. Last March sales for new and resale homes as well as condos totaled 12,808, this April those same sales hit a total of 15,615… that’s where the 22% comes in. The interesting side note to this is that a little under half, 38% to be exact, of those sales were homes that had been in foreclosure, compare that to the mere 5% of foreclosure home sales from April 2007.

So all of this has data analyst scratching their heads and wondering whether or not the next few months will continue to see an increase in sales and whether or not foreclosures will continue to be the item of choice for buyers.