What a difference a year makes

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[ARCHIVED THREAD] - What a difference a year makes

Posted: 8/2/2005 7:53:55 PM EDT

I get occasional e-mails from the real estate agent we had in CA. Compare the housing prices in the San Francisco Bay Area from last year and this year.

Market Watch for Active Listings July 25, 2004
======================================================

Santa Clara County.
------------------------------
Single Family under
$1M
Average List Price $664,845
Median List Price $648,000
Average Days on Market 30.

Single Family over
$1M
Average List Price $2,333,877
Median List Price $1,790,000
Average Days on Market 55.

Condo/Townhome under
$600K
Average List Price $385,892
Median List Price $369,000
Average Days on Market 25.

Condo/Townhome over
$600K
Average List Price $780,749
Median List Price $749,000
Average Days on Market 36.

San Mateo County.
------------------------------
Single Family under
$1M
Average List Price $707,648
Median List Price $697,000
Average Days on Market 31.

Single Family over
$1M
Average List Price $2,607,451
Median List Price $1,750,000
Average Days on Market 66.

Condo/Townhome under
$600K
Average List Price $432,228
Median List Price $438,888
Average Days on Market 27.

Condo/Townhome over
$600K
Average List Price $900,301
Median List Price $775,000
Average Days on Market 53.

Santa Cruz County.
------------------------------
Single Family under
$1M
Average List Price $667,036
Median List Price $675,000
Average Days on Market 48.

Single Family over
$1M
Average List Price $1,968,891
Median List Price $1,525,000
Average Days on Market 68.

Condo/Townhome under
$600K
Average List Price $412,035
Median List Price $407,500
Average Days on Market 32.

Condo/Townhome over
$600K
Average List Price $792,450
Median List Price $750,000
Average Days on Market 92.

Monterey County.
------------------------------
Single Family under
$1M
Average List Price $644,411
Median List Price $619,500
Average Days on Market 41.

Single Family over
$1M
Average List Price $2,945,176
Median List Price $1,975,000
Average Days on Market 96.

Condo/Townhome under
$600K
Average List Price $389,611
Median List Price $385,000
Average Days on Market 32.

Condo/Townhome over
$600K
Average List Price $1,058,080
Median List Price $755,000
Average Days on Market 61.

Contra Costa County
.
------------------------------
Single Family under
$1M
Average List Price $551,182
Median List Price $515,000
Average Days on Market 26.

Single Family over
$1M
Average List Price $1,931,125
Median List Price $1,650,000
Average Days on Market 41.

Condo/Townhome under
$600K
Average List Price $315,921
Median List Price $305,000
Average Days on Market 23.

Condo/Townhome over
$600K
Average List Price $714,390
Median List Price $669,500
Average Days on Market 22.

Alameda County
.
------------------------------
Single Family under
$1M
Average List Price $572,956
Median List Price $550,000
Average Days on Market 28.

Single Family over
$1M
Average List Price $1,845,814
Median List Price $1,499,000
Average Days on Market 52.

Condo/Townhome under
$600K
Average List Price $377,013
Median List Price $365,000
Average Days on Market 21.

Condo/Townhome over
$600K
Average List Price $801,888
Median List Price $695,000
Average Days on Market 24.

===========================

Market Watch for Active Listings July 31, 05
======================================================

Santa Clara County, CA.
------------------------------
Single Family under
$1M
Average List Price $733,663
Median List Price $715,000
Average Days on Market 24.

Single Family over
$1M
Average List Price $2,316,255
Median List Price $1,798,000
Average Days on Market 51.

Condo/Townhome under
$600K
Average List Price $453,195
Median List Price $449,888
Average Days on Market 20.

Condo/Townhome over
$600K
Average List Price $727,237
Median List Price $680,000
Average Days on Market 27.

San Mateo County, CA.
------------------------------
Single Family under
$1M
Average List Price $769,201
Median List Price $759,000
Average Days on Market 25.

Single Family over
$1M
Average List Price $2,827,408
Median List Price $1,850,000
Average Days on Market 56.

Condo/Townhome under
$600K
Average List Price $475,557
Median List Price $495,000
Average Days on Market 23.

Condo/Townhome over
$600K
Average List Price $941,577
Median List Price $749,950
Average Days on Market 39.

Santa Cruz County, CA.
------------------------------
Single Family under
$1M
Average List Price $716,877
Median List Price $729,000
Average Days on Market 40.

Single Family over
$1M
Average List Price $2,002,094
Median List Price $1,499,000
Average Days on Market 63.

Condo/Townhome under
$600K
Average List Price $500,619
Median List Price $510,000
Average Days on Market 29.

Condo/Townhome over
$600K
Average List Price $795,721
Median List Price $746,000
Average Days on Market 25.

Monterey County, CA.
------------------------------
Single Family under
$1M
Average List Price $671,564
Median List Price $669,000
Average Days on Market 42.

Single Family over
$1M
Average List Price $2,775,329
Median List Price $1,895,000
Average Days on Market 76.

Condo/Townhome under
$600K
Average List Price $433,815
Median List Price $415,000
Average Days on Market 28.

Condo/Townhome over
$600K
Average List Price $1,244,125
Median List Price $725,000
Average Days on Market 60.

Contra Costa County, CA.
------------------------------
Single Family under
$1M
Average List Price $620,374
Median List Price $599,828
Average Days on Market 26.

Single Family over
$1M
Average List Price $1,882,169
Median List Price $1,500,000
Average Days on Market 35.

Condo/Townhome under
$600K
Average List Price $410,309
Median List Price $399,950
Average Days on Market 24.

Condo/Townhome over
$600K
Average List Price $706,221
Median List Price $690,000
Average Days on Market 22.

Alameda County, CA.
------------------------------
Single Family under
$1M
Average List Price $634,264
Median List Price $625,000
Average Days on Market 23.

Single Family over
$1M
Average List Price $1,844,184
Median List Price $1,525,000
Average Days on Market 43.

Condo/Townhome under
$600K
Average List Price $434,992
Median List Price $424,950
Average Days on Market 18.

Condo/Townhome over
$600K
Average List Price $693,561
Median List Price $679,888
Average Days on Market 18.

===========================

Posted: 8/2/2005 8:01:32 PM EDT

[#1]

Hard to tell I got tired of scrolling back and forth.

Posted: 8/2/2005 8:02:59 PM EDT

[#2]

the bubble will burst soon....

Posted: 8/2/2005 8:04:28 PM EDT

[#3]

Conclusion: YIKES!!!!!!!!!!

Posted: 8/2/2005 8:11:18 PM EDT

[#4]

Quoted:
the bubble will burst soon....

What makes you think so. I am a complete real estate novice, having only bought one home 7 years ago, which i still live in and have never even refinanced.

I really dont know how people afford current home prices. But as long as illegals are willing to pool their resources and live 5 families to a home, I dont see prics going down. 12 families of illegals just bought two houses on my street this year. both sold for well over $500K

Posted: 8/2/2005 8:17:51 PM EDT

[#5]

At this rate if I ever want to own a house I'll have to buy a vacated one in Mexico. And I hate Mexico.

[ARCHIVED THREAD] - What a difference a year makes

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