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California Home Price Gains Among Country’s Best

California Home Prices Show Gains

This feels like the state’s second gold rush, as home prices in California showed the second largest yearly spike in the U.S. in November. Also, a South Beach condo beats out a Presidio Heights mansion in terms of highest price per square foot in San Francisco. Get all the news at https://compasscaliforniablog.com/real-estate-roundup-california-home-price-gains-among-countrys-best.

California home prices, including distressed sales, increased 21.3 percent from November 2012 to November 2013, trailing only Nevada. Not including distressed sales, home prices in the state grew 17.6 percent in that time period, also No. 2 in the country.


Nationally, home price growth was more modest, with year-over-year gains of 11.8 percent including distressed sales and 10.4 percent excluding them. According to CoreLogic, November marked the 21st straight month of yearly home price increases.

The company predicts that 2013 will be the healthiest year for appreciation since 2005.


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