Non-distressed property sales jumped 19.9% year-over-year. Of note to investors, distressed property sales volume has remained nearly unchanged for 18 months and continues to remain a source of opportunity. On a yearly basis, the median price of a California home was up 5.1% from $395,000 in June 2014.
“The jump in median home prices this past June surprised us,” said Schnapp. “Despite affordability issues, demand was high enough to push median prices still higher.”