We need the support of others - some we don’t even know - to encourage us to make a decision. In the real estate market when everyone is out there buying, we’re standing in line to pay the highest possible price for a house; offering the seller outrageous things such as vacations, cars and a sales [...]
Read Full Post | Make a Comment ( 1 so far )City/Area
Current Inventory
Sold
Avg Days to Sell
Avg Sales Price
Median Sales Price
% of List Price Received
Atherton
30
8
55
5,735,714
4,400,000
95.44
Belmont
58
21
51
984,555
930,000
99.80
Brisbane
15
2
86
555,000
555,000
95.12
Burlingame
49
12
14
1,727,350
1,593,000
100.19
Colma
5
0
0
0
0
.0
Daly City
234
38
107
574,500
560,500
97.11
East Palo Alto
153
9
124
323,322
310,000
98.73
El Granada
31
4
108
964,250
873,500
95.76
Foster City
26
6
62
1,128,833
1,099,500
97.16
Half Moon Bay
60
8
171
936,207
855,328
92.38
Hillsborough
46
10
48
3,065,000
2,487,500
95.80
La Honda
13
0
0
0
0
.0
Loma Mar
3
0
0
0
0
.0
Menlo Park
118
30
36
1,881,556
1,775,000
102.97
Millbrae
44
9
43
1,067,866
1,055,000
99.17
Montara
21
1
10
970,000
970,000
98.08
Moss Beach
18
2
26
747,500
747,500
97.20
Pacifica
110
16
62
676,115
664,500
98.18
Pescadero
10
0
0
0
0
.0
Portola Valley
30
7
84
2,160,660
2,075,000
99.05
Redwood City
247
44
68
954,710
910,500
98.04
Redwood Shores
13
7
17
1,089,714
1,040,000
98.49
San Bruno
112
20
107
636,225
645,000
96.15
San Carlos
64
22
37
1,042,775
915,000
101.33
San Gregorio
2
0
0
0
0
.0
San Mateo
190
47
46
1,057,851
925,000
99.24
South San Francisco
146
19
101
621,839
585,000
94.06
Woodside
37
4
127
2,697,750
2,460,500
99.11
: : : : : : : : : : :
Read Full Post | Make a Comment ( None so far )Statistics are interesting. I can look at them for hours, this way and that. I think daily counts are my favorite. You can get an instant snap-shot of an area. Here you can see whether or not the inventory in any given city is up or down on a given day. As I’ve said before, in order to see [...]
Read Full Post | Make a Comment ( None so far )In order to determine the appropriate price for a home, whether buying or selling, you’ve got to drill down further than this data displays. Even individual cities have micro markets. San Mateo is a perfect example of that. Shoreview is not the same market as San Mateo Park.
There’s not only geographical micro markets; there’s also markets that function [...]
County/City # Sold 12/2007 12/2006 % Change Yr to Yr
San Mateo County 320 735,000 745,500 -1.41
Belmont 17 1,005,000 800,000 25.63
Burlingame 31 1,590,000 1,325,000 20
Daly City 39 583,000 722,500 -19.31
Half Moon Bay 9 840,000 899,000 -6.56
Menlo Park 16 722,500 644,000 19.95
Millbrae 8 956,500 934,750 2.33
Pacifica 12 625,000 655,000 -4.58
Redwood City 43 837,500 755,000 10.93
San Bruno 18 627,500 698,000 -10.1
San Carlos 17 1,035,000 845,000 22.49
San Mateo 69 735,000 739,500 -0.61
So San Francisco 27 567,000 730,000 -22.33
Since I’m working these stats anyway, I thought I’d continue to post them. If you’ve got a question about your area, let me know.
Single Family Residential
New Listings
Current Inventory
Under Contract
Months Inventory
Closed Sales
Average Days to Sell
Average Sales Price
Median Sales Price
% List Price Rec’d
1998 Q3
121
76
81
-0.93
87
23
299,654
288,500
99.84
1999 Q3
124
74
108
-0.68
106
30
366,303
347,500
100.18
2000 Q3
120
62
109
-0.56
104
26
437,051
414,750
101.29
2001 Q3
119
83
76
1.09
93
37
483,478
458,000
98.43
2002 Q3
134
98
96
1.02
84
33
511,133
483,500
100.29
2003 Q3
137
73
124
-0.58
134
31
541,990
520,000
100.60
2004 Q3
119
42
104
-0.4
104
25
675,623
650,000
103.13
2005 Q3
120
69
74
-0.93
81
27
774,389
739,000
102.76
2006 Q3
132
94
65
1.44
80
40
778,657
722,500
100.15
2007 Q3
100
101
41
2.46
48
55
769,615
728,825
99.01
10-2007
37
107
15
7.13
13
98
717,578
674,999
97.66
11-2007
32
104
15
6.93
14
69
759,048
665,000
96
Single Family Residential
Average Days to Sell
Average Sale Price
Median Sale
Price
% of List Price
Received
January
68
1,179,181
1,160,000
99.13
February
59
1,001,000
1,026,500
101.54
March
48
$ 1,018,100
$ 1,045,000
105.14
April
44
$ 1,093,384
$ 1,102,000
101.74
May
47
$ 1,144,785
$ 1,100,000
102.71
June
43
$ 1,009,000
$ 1,010,000
98.73
July
82
$ 1,162,307
$ 1,100,000
99.52
August
46
$ 1,094,743
$ 982,500
98.85
September
55
$ 979,875
$ 789,000
98.40
October
34
$ 1,042,940
$ 1,026,282
100.21
Read Full Post | Make a Comment ( None so far ) Interest Rate History
Based on 30-Year Fixed Mortgage
YEAR
LOW
HIGH
1975
8.82
9.43
1976
8.73
9.02
1977
8.67
8.96
1978
9.01
10.35
1979
10.39
12.90
1980
12.19
16.32
1981
14.90
18.45
1982
13.62
17.60
1983
12.63
13.81
1984
13.18
14.67
1985
11.20
13.17
1986
9.32
10.89
1987
9.04
11.26
1988
9.89
10.61
1989
9.74
11.05
1990
9.67
10.48
1991
8.50
9.62
1992
8.09
8.94
1993
6.83
7.99
1994
7.07
9.20
1995
7.20
9.15
1996
7.03
8.25
1997
7.10
8.14
1998
6.74
7.14
1999
6.79
7.94
2000
7.38
8.52
2001
6.62
7.16
2002
6.05
7.01
2003
5.81
6.26
2004
5.45
6.29
2005
2006
5.60
6.14
6.33
6.76
I’ve been looking all over for this data. It’s absolutely fascinating.
California Existing Single Family Home Annual Average Sales Price
1968 to 2006
Year
Average Sales Price $$
Dollar Increase $$
Percent Change %
Average Gain
1968
23,210
1969
24,230
1,020
4.21
1970
24,640
410
1.66
1971
26,880
2,240
8.33
1972
28,810
1,930
6.70
1973
31,460
2,650
8.42
1974
34,610
3,150
9.10
1975
41,600
6,990
16.80
1976
48,630
7,030
14.46
1977
62,290
13,660
21.93
1978
70,890
8,600
12.13
1979
84,150
13,260
15.76
10.86
1980
99,550
15,400
15.47
1981
107,710
8,160
7.58
1982
111,800
2,090
3.66
1983
114,370
2,570
2.25
1984
114,260
(110)
-0.10
1985
119,860
5,600
4.67
1986
133,640
13,780
10.31
1987
142,060
8,420
5.93
1988
168,200
26,140
15.54
1989
196,120
27,920
14.24
7.95
1990
193,770
(2,350)
-1.21
1991
200,660
6,890
3.43
1992
197,030
(3,630)
-1.84
1993
188,240
(8,790)
-4.67
1994
185,101
(3,139)
-1.70
1995
178,160
(6,941)
-3.90
1996
177,270
(890)
-0.50
1997
186,490
9,220
4.94
1998
200,100
13,610
6.80
1999
217,510
17,410
8.00
0.94
2000
241,350
23,840
9.88
2001
242,350
11,000
4.36
2002
316,130
63,780
20.18
2003
371,520
55,390
14.91
2004
450,990
79,470
17.62
2005
548,200
97,210
17.73
2006
556,640
8,440
1.54
12.29
Source: California Association of Realtors
Read Full Post | Make a Comment ( None so far )The Baglady stopped by Agent Genius the other day to tell me I was rude - that’s a whole different story. Anyway, I had to pop over to her site to see what she’s about. She has a lot of very detailed data and some diehard fans. I had to disagree with some of it [...]
Read Full Post | Make a Comment ( 1 so far )
Feed Your Reader
|
Liked it here?
Why not try sites on the blogroll...
