California Home Prices Up 30% Since Bottom
California, here we come! One of the earliest-hit areas in the housing crisis
, the Golden State is showing definite signs of real estate
rebirth. Since February 2009, the median price of existing, single-family homes in the state has grown nearly 30 percent, according to the California Association of Realtors
, after dropping 58.8 percent from its high in 2007. The median price surged 8.6 percent, year over year, in August; in July, it was up 1.2 percent. From February 2009, it gained 29.9 percent to $318,660. The California city with the highest median home price
in August ($1,795,000) was the San Francisco suburb of Los Altos -- home to Apple's Steve Jobs, among other tech titans, and one of the wealthiest communities in the United States.
Find homes for sale in Los Altos at AOL Real Estate.
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