Some interesting data was released today by MDA DataQuick with regards to the California real estate market. It's pretty mind boggling to think sales in California could increase 65% year over year, especially in this environment. As stated in the article, the increased activity is due to people buying foreclosure resales at substantial discounts from their values just a couple years ago. In fact, 51% of those sales last month were foreclosure resales! Also, the statewide median home price went down to $283,000, a drop of about 34 percent from $430,000 in September last year.