For the first time since 2008, California's equity sales in February accounted for more than two-thirds of all single-family home sales, according to a report released Monday by the California Association of Realtors.
Equity sales - or non-distressed property sales - accounted for 67.1 percent of sales in February, up from 64.4 percent in January. Equity sales accounted for just 46.7 percent of all sales in February 2012.
The combined statewide share of all distressed property sales was 32.9 percent in January, down sharply from 53.3 percent in February 2012.
In Sacramento County, CAR said single-family distressed home sales were 43 percent of February sales, down from 44 percent in January and 65 percent in February 2012.
Also, CAR reported, California pending home sales rose in February compared with January but were down from a year earlier. CAR's monthly Pending Home Sales Index, based on signed contracts, rose to 110.4 in February, up from a revised 101.4 in December. The index was at 120 in February 2012.
Pending home sales are considered indicators of future home sales activity.