Interesting statistics on the California real estate market

Here are some interesting statistics on the California real estate market:

• There are 6,983,500 California homeowners.
• Homes appreciated an average of 21.4 percent in the last year.
• The median home price in California is $460,370
• The average equity gain in California, therefore, was approximately $92,000.
• California homeowners realized a real estate equity gain of $644 billion.