Wednesday, March 28, 2007
region by region fluctuations
California Home Sale Price Medians by City
Facinating to see just how regions, if not surburbs vary. But the general theme is down. Also shows how misleading averages can be and the huge effect London prices have on the national average house prices that the mainstream press so often love to quote.
Posted by geed @ 07:30 AM (656 views)
5 thoughts on “region by region fluctuations”
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tyrellcorporation says:
Damn there are some pretty big numbers in this list:
DIAMOND SPRINGS 2 $260,000 $358,000 -27.37%
CAMINO 2 $271,000 $490,000 -44.69%
tyrellcorporation says:
Mmmm, tempting!
BEL AIR 3 $1,000,000 $2,010,000 -50.25%
cyril says:
very interesting – I’ve just done a quick bit of analysis of the figures and it does seem to be the expensive places which are falling the most (in percentage terms). I would have expected the cheap places to go down first, given that the problem is sub prime loans.
dohousescrashinthewoods says:
@cyril
Good point, very interesting!! I guess the savvy rich are downsizing or staying put? Either way, this suggests the downturn is not a sub-prime affair.
Perhaps there was a race on the way up to buy the most expensive place so as to get the biggest rise, but now the mort expensive houses stand to lose the most, so no one is buying at the top end, but everyone wants to downsize and take profits.
If this is the case, we might see mid-range homes increase in price. If so, I wonder if we can expect VIs to be spinning that soon.
Suggests
Albertini Albertino says:
Dammit. San Francisco is still on the up ($740,000 to $749,000), but San Diego ($480,000 to $455,000) isn’t a bad second choice.
Nice to see the money sloshing around in Silicon Valley still, though: San Jose +1.4%; Mountain View +19.7%; Palo Alto +30.9%.
And it’ll cost you 12% more than last year to get one of those elusive 90210
postzip codes…