The Sloan Team

at Fi deli ty National Title

What Were the Actual Numbers May 2014

The total number of homes sold, all categories, was 2,981. (This for May 2014,
the last complete month available.) That was off 18.3% compared with May of
2013. Resale homes hit 1,855. a decline of 21%. Condos sold at a pace of 786 and
lost 22.4% year over year. New homes hit that high of 340 and rose in volume by
18.1%.

The median price of all types blended was $595,000and that was up 10% year
over year. Prices are definitely diving back down. Appreciation overall is ex-
pected to stay around 4% to 6% for 2014. Single-family resale rose 8.3% and
condos 11%. Foreclosures continue to hover near an 8 year low. All of So Cal had
10,010 Notices of Default, or NOD's, for the first quarter of 2014. Orange County
had a paltry 1,244 NOD's.