Real Estate Market Fast Facts

Redwood Shores

Fast Facts for the California Real Estate Market
Provided by the California Association of Realtors

Median home price - April 09: $256,700

Highest median home price by region April 09:
Santa Barbara So. Coast $840,000

Lowest median home price by region April 09:
High Desert $106,530

First-time Buyer Affordability Index – First Quarter 2009:
69 percent

Mortgage rates – week ending 6/11/09
30-yr. fixed: 5.59% Fees/points: 0.7%
15-yr. fixed: 5.06% Fees/points: 0.7%
1-yr. adjustable: 5.04% Fees/points: 0.7%
(Source: Freddie Mac)

Medians for the San Francisco-Oakland-Fremont Metropolitan Statistical Area which includes San Mateo County:

2006 2007 2008 r 2008.I 2008.II 2008.III 2008.IV 2009.I %Chya
752.8 804.8 622.0 701.7 684.9 615.7 487.1 402.0 -42.7%

Median home price for San Mateo County Q1 2009:  $560,000.

2008:  Q1  $890,000;  Q2  $860,000;  Q3  $772,500;  Q4  $644,444.

Vicki Moore About Vicki Moore

Office:
RE/MAX Star Properties
282 Redwood Shores Parkway
Redwood Shores, CA 94065

By Phone:
650.888.9268

Speak Your Mind

*