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DataQuick finds increase in sales of high-end homes in 2010

 · San Diego-based MDA DataQuick said in a report released Thursday that the increase was due to a dip in foreclosures and an increase in sales within high-end markets. The firm said the median for the nine-county Bay Area increased to $354,000 from $295,000 in February 2009.

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San Jose and Seattle each had less than a one-month supply of homes. Every record in market speed and competition that was set in May was broken again in June. The typical home that sold in June went under contract in 36 days, one day faster than in May, setting a new record-fast pace for home sales.

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This report examines the distinct differences found between LGB, bisexual, and. Each of the four major U.S. regions saw a growth in sales, with the Northeast.

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 · Story Highlights. Across California, homes that sold for a million dollars or more were on the increase, said analysts at the San Diego-based real-estate information service DataQuick. More than 7,700 homes in the state sold for $1 million or more during the second quarter, up 18.5% from the same period last year,

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But attracting new customers is not the only way to increase your sales, and is, in fact, the hard way of going about it. Shifting your sales focus to enticing your current customers can make increasing your sales easier, and build the customer loyalty that results in repeat sales .

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The innovation that Zillow developed in 2005 was a way of approximating this ideal home price index by leveraging the valuations Zillow creates on all homes (called Zestimates). Instead of actual sale prices on every home, the index is created from estimated sale prices on every home.

The increase could reflect, among other things, lender backlogs and extra time needed to pursue possible loan modifications and short sales, DataQuick says. Foreclosure resales accounted for 36% of all California resale activity last quarter – down from a revised 42.5% the prior quarter, and down from 49.9% a year ago.