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COVID effect: decline in sales of Southern California homes, rising prices

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COVID effect: decline in sales of Southern California homes, rising prices

The number of homes sold in Southern California fell sharply in May, as a coronavirus outbreak froze the region’s housing market.

Data released Thursday by DQNews reflects an agreement that closes escrow, which means most buyers place their offers in April and even March, during the peak period of stay at home orders.

Sales that closed in May dropped 45% from a year earlier, while the average home price in the region rose 2.7%.

Experts say home sales usually fall before prices fall on the market, because sellers are reluctant to reduce prices until they have to do it.

When coronavirus outbreaks became an increasing concern, many sellers also withdrew their homes from the market, further limiting supply and making prices smaller.

However, some indications of price movements are clearly visible.

Although the average selling price in the region – the point where half the houses are sold more and half is cheaper – rose again compared to last year, it dropped 1.2% from April.

The 2.7% increase from year to year is also smaller than the 4.3% increase in April or 6.8% increase in March.

Here’s how the sales and house prices are broken down by county in May:

  • In Los Angeles County, sales fell 49.5% from a year earlier, while the average selling price rose 1.6% to $ 620,000.
  • In Orange County, sales fell 50.6%, while prices rose 4.2% to $ 750,000.
  • In Riverside County, sales fell 43.7%, while prices rose 6.5% to $ 415,000.
  • In San Bernardino County, sales fell 33.9%, while prices rose 6.7% to $ 368,000.
  • In San Diego County, sales fell 40.7%, while prices rose 3.5% to $ 590,000.
  • In Ventura County, sales fell 49.4%, while prices dropped 1.7% to $ 580,000.
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The overall economic direction will probably play a big role in whether house prices soften further. Business was reopened and more people were roaming outside when the government lifted restrictions on staying at home.

Data covering a slower period than those released by DQNews shows a reopening can be seen in the housing market too, although, as with the economy in general, any recovery is still in its infancy.

According to Redfin online brokerage, the number of houses in L.A. County entering escrow in the four weeks ended June 7 is 28% higher than the low point at the end of April, but still 32% below the previous year’s level.

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Marseille in California. ″Where the Portuguese is, there is Portugal″

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Marseille in California.  ″Where the Portuguese is, there is Portugal″

“You are the future,” President Marcelo Rebelo de Souza told a three-year-old girl dressed in traditional Portuguese clothing who came out to greet him on the podium where he spoke at Artesia Portuguese Salon. The city, located on the outskirts of Los Angeles, has not hosted the President of the Portuguese Republic since 1989. This weekend, he did it with pomp and the setting of an ornate Portuguese-American community bursting with pride.

“We have never lost the honor and responsibility of being representatives of this beautiful flag,” said Jimmy Enes, a member of Artesia DES, a Portuguese descendant, in a welcoming speech delivered in perfect Portuguese. “When we are asked who we are, we always answer”i am portuguese“and not”Portuguese-American“or ‘Portuguese American’,” he said. “That’s why we’re trying step by step to protect our heritage on the outskirts of Los Angeles, one of the greatest cities in the world.”

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Cristiano Ronaldo is injured by the Portuguese national team and thanks the fans for their support

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Cristiano Ronaldo is injured by the Portuguese national team and thanks the fans for their support



Cristiano Ronaldo got a cut on his nose and needed a bandage (Photo: MICHAL CIZEK / AFP)

Photo: Lance!

Gratitude. It seems that the attacker Cristiano Ronaldo shared his social media with Portuguese fans after a clash with Czech goalkeeper Vaclik. In the auction, the assailant received a cut on his face and needed a bandage to stop the bleeding.

“Great game, important team win! We remain focused on our goal. Thanks to the Portuguese public for the fantastic support,” the striker wrote on his Instagram account.

The match was marked by a great performance Portugal national team, who beat the Czech Republic 4-0 to take the lead in Nations League Group 2 with ten points with one matchday to go in the group stage of the tournament. Cristiano Ronaldo ended up losing to his team.

After the match, the leader of the Portuguese national team appreciated the result achieved on the road. “It was a very important victory and all teammates should be congratulated on the result,” commented the 37-year-old striker.

With three wins, one draw and one defeat, the Portuguese team has the best attack in their group with eleven goals scored and a net difference of nine. The team is one draw away from qualifying for the tournament series. The next match against Spain is next Tuesday in the city of Braga.

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Thomas Gouveia remains the best Portuguese in the Swiss Challenge

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Thomas Gouveia remains the best Portuguese in the Swiss Challenge

Writing with Lusa

Tournament of the second European circuit.

Thomas Gouveia solidified his status as the best Portuguese in the Swiss Challenge this Saturday by finishing the penultimate day of the second European round robin in a group of 31st placed golfers.

Thomas Gouveia hit the card with 73 shots, one over par on the course, after two birdies (one under par hole) and three bogeys (one over), after making 71 shots in the previous two days for a total of 215.

Thomas Bessa needed 75 hits, three over par and tied for scarecrows, he finished 48th with 218 total, five short of Vitor Lopez, 60th with 223, after today needs 78, with just one bird . to fit five scarecrows and a double scarecrow.

The Swiss Challenge, which concludes on Sunday in Folgensburg, France, is still led by France’s Chung Veon Ko with a total of 206 shots, one short of Denmark’s Martin Simonsen in second place.

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