REAL ESTATE
Real Estate: What’s selling out there? Here’s a rundown compiled by DAMAR Corp. from deeds filed in the county:
Through September, 17,800 houses changed hands for a total of $3.6 billion. Average price was $204,800. The figures include new and older homes.
For condominiums, it was 9,200 sold for a total of $1.2 billion. Average price was $127,300.
Also, 230 commercial buildings changed hands at a total cost of $128 million.
DAMAR reports that 110 industrial buildings changed hands at a cost of $82 million, and 1,200 parcels of vacant land sold for $328 million.
Who loaned the most money on those purchases? In first place was Great Western Savings with 8% of the market and $300 million of the $3.6 billion loaned for real estate acquisitions through September.
Second was World Savings and Loan Assn., with 7% of the market and $256 million in loans. Third was Home Savings of America, 6% of the market and $219 million in loans.
In third place was Security Pacific National Bank, 4% of the market and $153 million in loans.
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