Real Estate

Home sales and prices in Southern California moved in opposite directions last month. The median price of a single-family home last month was $415,000, an eight-percent year-over-year increase and the highest median price in 77 months, according to DataQuick in La Jolla. While prices soared, sales in the six-county region …

The Inland Empire office market is showing some signs of life. More than 94,000 square feet of space was absorbed during the second quarter, and more than 152,500 square feet of space was under construction as the quarter ended, according to Voit Real Estate Services’ second quarter report on the …

A Utah-based homebuilder has bought 291 lots from the Lewis Group of Companies Upland. Woodside Homes paid an undisclosed sum for the parcels, both of which are in master-planned communities in Ontario and Folsom, according to a report in The Press-Enterprise. The local project, Park Place of Ontario, will be …

A Los Angeles company has bought a two-building industrial property in Ontario. Rexfield Industrial Realty Inc., a real estate investment trust that owns and operates infill properties, purchased the Dupont Business Center for $10.2 million, according to a statement. The project, which was built in 2001, is on 5.7 acres …

The industrial market on the west end of the Inland Empire is red hot, at least on the price side of the ledger. Colliers International has negotiated the sale of a 161,555-square-foot warehouse-distribution center in Rancho Cucamonga, according to a statement. The property, at 9449 Eighth St., sold for $14.7 …

Single-family home sales in California dipped slightly in May, mostly because of high prices and a shortage of available homes. Sales dropped 0.6 percent compared with April and were down 9.5 year-over-year, according to data released by the California Association of Realtors. Statewide, 391,030 housing units were sold last month, …