Oct 2009 California Median Home Prices

C.A.R. reports October home sales increased 1 percent; median home price declined 3.2 percent compared to same period last year.

The median price of an existing, single-family detached home in California during October 2009 was $297,500, a 3.2 percent decrease from the revised $307,210 median for October 2008, C.A.R. reported. The October 2009 median price rose 0.3 percent compared with September’s $296,610 median price.

For the overall San Francisco Bay Area, the median price was $551,090, which is a 2.8% increase from prior month, and 5.8% higher than the same period last year.

Quick Facts:

- Existing, single-family home sales increased 1 percent in October to a seasonally adjusted rate of 562,400 units on an annualized basis.

- The statewide median price of an existing single-family home increased 0.3 percent in October to $297,500, compared with September 2009.

- C.A.R.’s Unsold Inventory Index fell to 4 months in October, compared with 6.1 months in October 2008.

- Thirty-year fixed-mortgage interest rates averaged 4.95 percent during October 2009, compared with 6.20 percent in October 2008, according to Freddie Mac. Adjustable-mortgage interest rates averaged 4.55 percent in October 2009, compared with 5.21 percent in October 2008.

- The median number of days it took to sell a single-family home was 34.1 days in October 2009, compared with 45.5 days (revised) for the same period a year ago.

Clicks here for more analysis and summary of regional sales and price activity, as well as median price in each county and city.

If you are interested in finding out the median price and sales data for a particular neighborhood or city, please send me an email to meimei@calMBArealty.com to let me know.


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It is OFFICIAL: Homebuyer Tax Credit Bill Signed by President Obama -Extended and Expanded!

It's official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009.

In addition to extending the tax credit of up to $8,000 through June 30, 2010, the extension measure also opens up opportunities for others who are not buying a home for the first time.

So Who Gets What?
The program that has existed for FTHBs remains intact with the one exception that more people are now eligible based on an increase in the amount of income someone may now earn.

Additionally, the program now gives those who already own a residence some additional reasons to move to a new home. This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.

Deadlines
In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010.

Higher Income Caps in Effect
The amount of income someone can earn and qualify for the full amount of the credit has been increased.

Single tax filers who earn up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers who earn $145,000 and above are ineligible.

Joint filers who earn up to $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers who earn $245,000 and above are ineligible.

Maximum Purchase Price
Qualifying buyers may purchase a property with a maximum sales price of $800,000.

First-Time Homebuyer Tax Credit – Frequently Asked Questions
Here are answers to some commonly asked questions about the tax credit.

What is a tax credit?
A tax credit is a direct reduction in tax liability owed by an individual to the Internal Revenue Service (IRS). In the event no taxes are owed, the IRS will issue a check for the amount of the tax credit an individual is owed. Unlike the tax credit that existed in 2008, this credit does not require repayment unless the home, at any time in the first 36 months of ownership, is no longer an individual's primary residence.

What is the tax credit for first-time homebuyers (FTHBs)?
An eligible homebuyer may request from the IRS a tax credit of up to $8,000 or 10% of the purchase price for a home. If the amount of the home purchased is $75,000, the maximum amount the credit can be is $7,500. If the amount of the home purchased is $100,000, the amount of the credit may not exceed $8,000.

Who is eligible for the FTHB tax credit?
Anyone who has not owned a primary residence in the previous 36 months, prior to closing and the transfer of title, is eligible. This applies both to single taxpayers and married couples. In the case where there is a married couple, if either spouse has owned a primary residence in the last 36 months, neither would qualify. In the case where an individual has owned property that has not been a primary residence, such as a second home or investment property, that individual would be eligible.

As mentioned above, the tax credit has been expanded so that existing homeowners who have owned and occupied a primary residence for a period of five consecutive years during the last eight years are now eligible for a tax credit of up to $6,500.

How do I claim the credit?
For those taking advantage of the tax credit in 2009, you may choose to either apply for the credit with your 2009 tax return or you may apply for the credit sooner by filing an amended 2008 tax return with Form 5405 (http://www.irs.gov/pub/irs-pdf/f5405.pdf).

Can you claim the tax credit in advance of purchasing a property?
No. The IRS has recently begun prosecuting people who have claimed credits where a purchase had not taken place.

Can a taxpayer claim a credit if the property is purchased from a seller with seller financing and the seller retains title to the property?
Yes. In situations where the buyer purchases the property, even though the seller retains legal title, the taxpayer may file for the credit. Examples of this would include a land contract, contract for deed, etc. According to the IRS, factors that would demonstrate the ownership of the property would include: 1. the right of possession, 2. the right to obtain legal title upon full payment of the purchase price, 3. the right to construct improvements, 4. the obligation to pay property taxes, 5. the risk of loss, 6. the responsibility to insure the property and 7. the duty to maintain the property.

Are there other restrictions to taking the credit?
Yes. According to the IRS, if any of the following describe your situation, a credit would not be due.

You buy your home from a close relative. This includes your spouse, parent, grandparent, child or grandchild.
You do not use the home as your principal residence.
You sell your home before the end of the year.
You are a nonresident alien.
You are, or were, eligible to claim the District of Columbia first-time homebuyer credit for any taxable year. (This does not apply for a home purchased in 2009.)
Your home financing comes from tax-exempt mortgage revenue bonds. (This does not apply for a home purchased in 2009.)
You owned a principal residence at any time during the three years prior to the date of purchase of your new home. For example, if you bought a home on July 1, 2009, you cannot take the credit for that home if you owned, or had an ownership interest in, another principal residence at any time from July 2, 2006, through July 1, 2009.
Can you buy a home from a step-relative and be eligible for the credit?
Yes. Provided the person you are buying a home from is not a direct blood relative, the purchase would be allowed.

Can parent(s) who will not live in the property cosign for a mortgage for their child and the child that is a qualifying FTHB still be eligible for the credit?
Yes.

Can a separated spouse who has not owned a home for four years qualify for the FTHB tax credit if the spouse has owned a property anytime in the last three years?
No. However, the spouse may be eligible for the repeat buyer credit. The best path to take in any situation regarding income taxes is to speak with a professional tax preparer or CPA.

If you have any questions that fall outside the situations here, give me a call and if you do not have an accountant to speak with, I can refer you to one.



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Home Buyer Tax Credit to be Extended and Eligibility Expanded

UPDATE: I was told this is a done deal, but I haven't seen an announcement yet - so it might still change. The tax credit was expanded to move-up and higher income buyers. The amount of the credit was reduced to a maximum of $7,290.

From Bloomberg: Senate Close to Deal Replacing Homebuyer Tax Credit

The details:

# Income eligibility for first-time home buyers stays at $75,000 for individuals and $150,000 for couples.
# For move-up buyers, income eligibility is $125,000 for individuals and $250,000 for couples.
# There is a minimum 5 year residency requirement in their current home for move-up home buyers.
# The tax credit is the lesser of $7,290 or 10% of the purchase price.
# The credit runs from Dec. 1, 2009 to April 30, 2010, with an additional 60 day period to close escrow. (So end of April to sign contract, end of June to close escrow)
# Expect bill to be signed by Friday.

Source: http://www.calculatedriskblog.com/2009/10/home-buyer-tax-credit-to-be-extended.html

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Sep 2009 California Median Home Prices

C.A.R. reports September home sales increased 2.1 percent; median home price declined 7.3 percent.

The median price of an existing, single-family detached home in California during September 2009 was $296,090, a 7.3 percent decrease from the revised $319,310 median for September 2008, C.A.R. reported. The September 2009 median price rose 1.1 percent compared with August’s $292,960 median price.

For the overall San Francisco Bay Area, the median price was $536080, which is a .8% increase from prior month, and 3.4% lower than the same period last year.

Quick Facts:

- Existing, single-family home sales increased 2.1 percent in September to a seasonally adjusted rate of 530,520 units on an annualized basis.

- The statewide median price of an existing single-family home increased 1.1 percent in September to $296,090, compared with August 2009.

- C.A.R.’s Unsold Inventory Index fell to 4.2 months in September, compared with 6.5 months in
September 2008.

- Thirty-year fixed-mortgage interest rates averaged 5.06 percent during September 2009, compared with 6.04 percent in September 2008, according to Freddie Mac. Adjustable-mortgage interest rates averaged 4.59 percent in September 2009, compared with 5.14 percent in September 2008.

- The median number of days it took to sell a single-family home was 33.6 days in September 2009, compared with 46.2 days (revised) for the same period a year ago.

Clicks here for more analysis and summary of regional sales and price activity, as well as median price in each county and city.

If you are interested in finding out the median price and sales data for a particular neighborhood or city, please send me an email to meimei@calMBArealty.com to let me know.

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August 2009 California Median Home Prices

C.A.R. reports August home sales increased 9 percent; median home price declined 16.9 percent.

The median price of an existing, single-family detached home in California during August 2009 was $292,960, a 16.9 percent decrease from the revised $352,730 median for August 2008, C.A.R. reported on 9/25/09. The August 2009 median price rose 2.6 percent compared with July’s $285,480 median price.

For the overall San Francisco Bay Area, the median price was $531580, which is a 2.6% decline from prior month, and 14.2% lower than the same period last year.

Quick Facts:

- Existing, single-family home sales increased 9 percent in August to a seasonally adjusted rate of 526,970 on an annualized basis.
- The statewide median price of an existing single-family home increased 2.6 percent in August to $292,960, compared with July 2009.
- C.A.R.’s Unsold Inventory Index fell to 4.3 months in August, compared with 7 months in August 2008.
- Thirty-year fixed-mortgage interest rates averaged 5.19 percent during August 2009, compared with 6.48 percent in August 2008, according to Freddie Mac. Adjustable-mortgage interest rates averaged 4.72 percent in August 2009, compared with 5.26 percent in August 2008.
- The median number of days it took to sell a single-family home was 35.2 days in August 2009, compared with 47.6 days (revised) for the same period a year ago.

Clicks here for more analysis and summary of regional sales and price activity, as well as median price in each county and city.

If you are interested in finding out the median price and sales data for a particular neighborhood or city, please send me an email to meimei@calMBArealty.com to let me know

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Bay East July 2009 Market Statistics and Analysis

Click here for latest sales statistics and market analysis for

* Detatched and Attached homes, respectively

in the following cities:

*Alameda,
*Castro Valley
*Danville
*Dublin
*Fremont
*Hayward
*Livermore
*Newark
*Pleasanton
*San Leandro
*San Lorenzo
*San Ramon
*Union City

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July 2009 California Median Home Prices

C.A.R. reports July home sales increased 12 percent, median home price declined 19.6 percent.

The median price of an existing, single-family detached home in California during July 2009 was $285,480, a 19.6 percent decrease from the revised $355,000 median for July 2008, C.A.R. reported. The July 2009 median price rose 3.9 percent compared with June’s $274,740 median price.

For the overall San Francisco Bay Area, the median price was $545,810 which is a 6.1% increase from prior month, and 17.7% lower than the same period last year

Quick Facts:

· Existing, single-family home sales increased 12 percent in July to a seasonally adjusted rate of 553,910 on an annualized basis.
· The statewide median price of an existing single-family home increased 3.9 percent in July to
$285,480, compared with June 2009.
· C.A.R.’s Unsold Inventory Index fell to 3.9 months in July, compared with 6.9 months in July 2008.
. Thirty-year fixed-mortgage interest rates averaged 5.22 percent during July 2009, compared with 6.43 percent in July 2008, according to Freddie Mac. Adjustable-mortgage interest rates averaged 4.82 percent in July 2009, compared with 5.24 percent in July 2008.

Clicks here for more analysis and summary of regional sales and price activity, as well as median price in each county and city.

If you are interested in finding out the median price and sales data for a particular neighborhood or city, please send me an email to meimei@calMBArealty.com to let me know.


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My New Listing: A Beautiful Mission Home Close to School & Parks

My new listing just got on market today.

Address: 691 Seville Place, Fremont, CA 94539

Ask For：$799,950

Open House Sat 8/29 & Sunday 8/30 1:30-4:30pm

Lovely Remodeled Single Family Mission San Jose Home a Quiet Court — Moving-in Condition!


* Lovely remodeled single family home on a quiet Court location - walk to school& parks!

* Excellent floor plan, bright and airy- Approx 1441sqf, 3 bedrooms, 2 Baths, 6200 sqf lot, built in 1967.

* Newly installed 30 years roof with 10 years leak free warranty from the roofer.

* Oak floor in living room, bedrooms & hallway; high quality laminate floor in Kitchen /family room.

* Granite counters. Dual pane windows. Fresh interior paint. Newer water heater. Copper plumbing.

* Separate family room. Inside laundry. Finished garage.

* Professionally landscaped spacious front and back yard with many fruit trees.

* Excellent Mission schools: Gomes Elementary (API 985), Hopkins Junior High (API 987), Mission San Jose High (API 931).

* Peaceful, quiet Court location. Beautiful, tree-line neighborhood ...

* Close to swimming club & shopping center. No HOAs!

From 691 Seville pictures

From 691 Seville pictures

From 691 Seville pictures

From 691 Seville pictures

From 691 Seville pictures

From 691 Seville pictures

From 691 Seville pictures

From 691 Seville pictures

From 691 Seville pictures

From 691 Seville pictures

From 691 Seville pictures

From 691 Seville pictures

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Tax Law Changed about the 2 out 5 years tax-free gain

Previously if a seller has lived in a home for more than 2 years in the past five years, he or she can claim $250k tax free gain (or jointly $500k with spouse). My tax consultant informed to me recently that the tax law has changed on this .

Here is the details of the info she forwarded to me:
Insights & Commentary

Recent Additions
The Exclusion of Gain on the Sale of a Principal Residence, The New Restriction for Nonqualified Use

By Theodore D. Peyser, Esq. Roberts & Holland LLP, Washington, DC and New York, NY

The §121 exclusion for up to $250,000 ($500,000 if married filing a joint return) of gain on the sale of a principal residence is now restricted on account of any nonqualified use of the dwelling. This restriction was one of the revenue offsets in the Housing and Economic Recovery Act of 2008, P. L. 110-289, and is contained in §121(b)(4).1 This new subsection provides that the exclusion will not apply to so much of the gain from the sale or exchange of property after December 31, 2008, as is allocated to periods of nonqualified use. Congress believed that application of the §121 exclusion to gain attributable to periods of use prior to a home's use as a principal residence was not consistent with the purpose of encouraging home ownership.2

Gain Allocated to Periods of Nonqualified Use

A period of nonqualified use is any period during which the property is not used as the principal residence of the taxpayer or the taxpayer's spouse or former spouse, excluding the portion of any period preceding January 1, 2009.3 Accordingly, a period of nonqualified use is one during which the property is rented to a third party, used by the taxpayer as a vacation home, or even left unoccupied. To derive gain allocated to periods of nonqualified use, one must multiply the gain by a fraction, the sum of the periods of nonqualified use during taxpayer's ownership over the period of taxpayer's ownership.

Exceptions to the Definition of Periods of Nonqualified Use

Periods of nonqualified use do not include:

1. That portion of the 5-year period ending on the date of sale which is after the last date that the property was used as the principal residence of the taxpayer or the taxpayer's spouse (so that periods of rental or vacancy which follow two years of principal residence will not count);

2. Any period up to 10 years during which the taxpayer or the taxpayer's spouse is serving on qualified official extended duty as a member of the uniformed services or the Foreign Service or as an employee of the intelligence community. This type of duty is defined in §121(d)(9)(C) as duty for a period in excess of 90 days or for an extended period at a duty station at least 50 miles from the principal residence or while residing in Government quarters.

3. Any other period of temporary absence not to exceed two years due to change of employment, health conditions, or other unforeseen circumstances as may be specified by the Secretary (so one year of temporary absence of this character occurring after a year of principal residence and before a second year of principal residence will not count). The phrase “change of employment, health conditions, or other unforeseen circumstances” also appears in §121(c)(2)(B) and these terms are defined in Regs. §1.121-3.

Coordination with Recognition of Gain Attributable to Depreciation

The exclusion provision of §121(b)(4) does not apply to gain attributable to depreciation attributable to periods after May 6, 1997. §121(d)(6). The new exclusion of gain allocated to nonqualified use is to be applied after application of (d)(6) and without regard to any gain to which (d)(6) applies. §121(b)(4)(D).

Examples

An individual T buys a property on January 1, 2009, for $400,000 and uses it as a rental property for two years, claiming $20,000 of depreciation deductions. On January 1, 2011, T converts the property to his principal residence. On January 1, 2013, T moves out, and on January 2014, T sells the property for $700,000. For 2014, T includes in income the $20,000 of the gain attributable to the depreciation deductions. Of the remaining $300,000 in gain, 40% (2 years divided by 5 years) or $120,000 is allocated to nonqualified use and is not eligible for the exclusion. Since the remaining $180,000 gain is less than the maximum $250,000 exclusion, $180,000 of the gain is excluded from income.

An individual B buys a principal residence on January 1, 2009, for $400,000 and moves out on January 1, 2019. He sells the property on December 1, 2021, for $600,000. He can exclude the entire $200,000 gain because under §121(b)(4)(C)(ii)(I) periods of nonqualified use after the last qualified use do not constitute nonqualified use.4

A married couple (C and D) expecting a first child purchases a new home on January 1, 2010. To their surprise, they have triplets and on account of this unexpected event, they wait 6 months until July 1, 2010, to make the newly purchased property their principal residence. They sell this residence on January 1, 2015, realizing a gain of $100,000. They can probably exclude the entire $100,000 on the ground that the 6-month period January 1 through July 1, 2010, was not a period of nonqualified use on the ground that is was attributable to the unforeseen circumstance of multiple births.5

The newly effective restriction for nonqualified use will discourage taxpayers from buying a dwelling for rental purposes, with the idea of later making it the principal residence to seek a $250,000 (or $500,000 for joint returns) exclusion. A purchase followed by 3 years of rental and then 2 years as a principal residence followed by a sale will now produce a 60% (3/5) reduction in the gain which might be excluded under §121.

For more information, in the Tax Management Portfolios, see Edwards, 594 T.M., Tax Implications of Home Ownership, and in Tax Practice Series, see ¶1530, Nonrecognition Transactions Upon Sale of Principal Residence and ¶2460, Vacation Home and Home Office Deductions.

1 §3092(a) of P.L. 110-289 added to §121(b) subsection 4, entitled “EXCLUSION OF GAIN ALLOCATED TO NONQUALIFIED USE.” Eight months earlier, §7 of P.L. 110-142 added to §121(b) a subsection 4, entitled “SPECIAL RULE FOR CERTAIN SALES BY SURVIVING SPOUSES.” To correct this mistake in numbering, at some point, Congress is likely to make the Exclusion provision subsection 5.

2 H.R. 110-356 on the Mortgage Forgiveness Debt Relief Act of 2007 (Oct. 1, 2007), p. 9.

3 Whether a property is used by the taxpayer as his principal residence depends upon the facts and circumstances. If the taxpayer alternates between two residences, the place where he spends the majority of his time will ordinarily be his principal residence. See Regs. §1.121-1(b).

4 See Joint Committee Summary of P.L. 110-289.

5 See Regs. §1.121-3(e)(2)(iii)(E) and Example 4. It seems likely that the IRS will make the rules in this regulation applicable to §121(b)(4)(C)(ii)(III).

Original info is here: http://www.bna.com/tm/insights_peyser6.


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June 2009 California Median Home Prices

C.A.R. reports June home sales increased 20.1 percent, median home price declined 26.4 percent. The median price of an existing, single-family detached home in California during June 2009 was $274,740, a 26.4 percent decrease from the revised $373,100 median for June 2008, C.A.R. reported. The June 2009 median price rose 4.2 percent compared with May’s $263,600 median price.

For the overall San Francisco Bay Area, the median price was $514,650 which is a 11.9% increase from prior month, and 24% lower than the same period last year

Quick Facts:

· Existing, single-family home sales increased 20.1 percent in June to a seasonally adjusted rate of 514,110 on an annualized basis.
· The statewide median price of an existing single-family home increased 4.2 percent in June to $274,740, compared with May 2009.
· C.A.R.’s Unsold Inventory Index fell to 4.1 months in June, compared with 7.6 months in June 2008.
. Thirty-year fixed-mortgage interest rates averaged 5.42 percent during June 2009, compared with 6.32 percent in June 2008, according to Freddie Mac. Adjustable-mortgage interest rates averaged 4.93 percent in June 2009, compared with 5.15 percent in June 2008.

Clicks links below for more analysis and summary of regional sales and price activity, as well as median price in each county and city.

If you are interested in finding out the median price and sales data for a particular neighborhood or city, please send me an email to meimei@calMBArealty.com to let me know.


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Bay East June 2009 Market Statistics and Analysis

Click here for latest sales statistics and market analysis for

* Detatched and Attached homes, respectively

in the following cities:

*Alameda,
*Castro Valley
*Danville
*Dublin
*Fremont
*Hayward
*Livermore
*Newark
*Pleasanton
*San Leandro
*San Lorenzo
*San Ramon
*Union City


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June 2009 Market Analysis: Fremont

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From 2009_06

From 2009_06

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May 2009 California Median Home Prices

C.A.R. reports May home sales increased 35.2 percent, median home price declined 30.4 percent. The median price of an existing, single-family detached home in California during May 2009 was $267,570, a 30.4 percent decrease from the revised $384,540 median for May 2008, C.A.R. reported. The May 2009 median price rose 4.2 percent compared with April’s $256,700 median price.

For the overall San Francisco Bay Area, the median price was $460k which is a 4.3% increase from prior month, and 33% lower than the same period last year

Quick Facts:

· Existing, single-family home sales increased 35.2 percent in May to a seasonally adjusted rate of 556,590 on an annualized basis.

· The statewide median price of an existing single-family home increased 4.2 percent in May to $267,570, compared with April 2009.

· C.A.R.’s Unsold Inventory Index fell to 4.2 months in May, compared with 8.7 months in May 2008.

. Thirty-year fixed-mortgage interest rates averaged 4.86 percent during May 2009, compared with 6.04 percent in May 2008, according to Freddie Mac. Adjustable-mortgage interest rates averaged 4.75 percent in May 2009, compared with 5.24 percent in May 2008.

. The median number of days it took to sell a single-family home was 53.5 days in May 2009, compared with 49.2 days (revised) for the same period a year ago.

Clicks links below for more analysis and summary of regional sales and price activity, as well as median price in each county and city.

If you are interested in finding out the median price and sales data for a particular neighborhood or city, please send me an email to meimei@calMBArealty.com to let me know.


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Tax credit can be used as additional down payment

Qualified, first-time home buyers using a Federal Housing Administration (FHA)-insured mortgage now can apply the $8,000 federal tax credit toward their down payments, the Dept. of Housing and Urban Development (HUD) announced today.

Currently, borrowers applying for an FHA-insured mortgage are required to issue minimum down payments of 3.5 percent. Previously, FHA-approved lenders were not allowed to monetize the tax credit as part of the 3.5 percent; however, under the new guidelines announced this afternoon, borrowers now can use the tax credit as additional down payment, or for other closing costs.

For more information, please visit: http://www.hud.gov/news/release.cfm?content=pr09-072.cfm

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April 2009 California Median Home Prices

C.A.R. reports March home sales increased 49.2%, median home price declined 36.5%. The statewide median price of an existing single-family home increased 1.4 percent in April to $256,700, compared with March 2009.

Quick Facts:
• Existing, single-family home sales increased 49.2 percent in April to a seasonally adjusted rate of 540,360 on an annualized basis

• The statewide median price of an existing single-family home increased 1.4 percent in April to $256,700, compared with March 2009

• C.A.R.’s Unsold Inventory Index fell to 4.6 months in April, compared with 9.8 months in April 2008• The median number of days it took to sell a single-family home declined to 48.7 days in April 2009, compared with 51.8 days in April 2008.
. Thirty-year fixed-mortgage interest rates averaged 4.81 percent during April 2009, compared with 5.92 percent in April 2008, according to Freddie Mac. Adjustable-mortgage interest rates averaged 4.82 percent in April 2009, compared with 5.19 percent in April 2008.

. The median number of days it took to sell a single-family home was 48.7 days in April 2009, compared with 51.8 days (revised) for the same period a year ago.
According to the report announced by California Realtor Association on 5/28, The median price of an existing, single-family detached home in California during April 2009 was $256,700, a 36.5 percent decrease from the revised $404,470 median for April 2008, C.A.R. reported. The April 2009 median price rose 1.4 percent compared with March’s $253,040 median price. For the overall San Francisco Bay Area, the median price was $441k which is a 9.2% increase from prior month, and 36.5 % lower than the same period last year.

Clicks links below for more analysis and summary of regional sales and price activity, as well as median price in each county and city.

Data for Alameda county is not available at the release. However, I can get it from our local MLS. If you are interested in finding out the median price and sales data for a particular city, please send me an email to meimei@calMBArealty.com to let me know.

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March 2009 California Median Home Prices

C.A.R. reports March home sales increased 63.8 percent, median home price declined 39 percent.
Quick Facts:
• Existing, single-family home sales increased 63.8 percent in March to a seasonally adjusted rate of 522,980 on an annualized basis.

• The statewide median price of an existing single-family home increased 2.2 percent in March to $253,040 compared with February 2009

• C.A.R.’s Unsold Inventory Index fell to 5 months in March, compared with 12.2 months in March 2008

• The median number of days it took to sell a single-family home declined to 48.3 days in March 2009, compared with 56.8 days in March 2008.
. Thirty-year fixed-mortgage interest rates averaged 5 percent during March 2009, compared with 5.97 percent in March 2008, according to Freddie Mac. Adjustable-mortgage interest rates averaged 4.86 percent in March 2009, compared with 5.12 percent in March 2008.

. The median number of days it took to sell a single-family home was 48.3 days in March 2009, compared with 56.8 days (revised) for the same period a year ago.
According to the report announced by California Realtor Association on 4/27, the median price of an existing, single-family detached home in California during March 2009 was $253,040, a 39 percent decrease from the revised $414,520 median for March 2008. The March 2009 median price rose 2.2 percent compared with February’s $247,590 median price. For the overall San Francisco Bay Area, the median price was $403,780 which is a 1.2% increase from prior month, and 42.7 % lower than the same period last year.

Clicks links below for more analysis and summary of regional sales and price activity, as well as median price in each county and city.

Data for Alameda county is not available at the release. However, I can get it from our local MLS. If you are interested in finding out the median price and sales data for a particular city, please send me an email to meimei@calMBArealty.com to let me know.


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C.A.R. launches Mortgage Protection Program for First Time Home Buyers

First-time home buyers may be eligible to receive $1,500 for six months to help make mortgage payments if they are laid off.

To help provide first-time home buyers with peace of mind when purchasing a home, the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) Housing Affordability Fund is offering a new mortgage protection program to first-time home buyers.

Through the C.A.R. Housing Affordability Fund’s Mortgage Protection Program, first-time home buyers who lose their jobs due to layoffs may be eligible to receive up to $1,500 per month, for six months, to help make their mortgage payments. A qualified co-buyer also can participate in the program, and receive a monthly benefit of $750 per month for up to six months. Program benefits also include coverage for accidental disability and a $10,000 death benefit.

For more information including eligibility requirements and information on applying for the C.A.R.H.A.F. Mortgage Protection Program, please click here.

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Home Affordable Refinance Plus program - Is your home loan qualified?

Recently, Fannie Mae and Freddie Mac just rolled out programs to help underwater properties and allow home owners to refinance their loan up to 105% loan to value without paying mortgage insurance and higher rates. Below are instructions to check if you can benefit from this great news:

1. Owner occupied home and loan amount has to be $625K or under.

2. Check if your loans are owned by Fannie Mae or Freddie at below link. Half of US residential loans are owned by the 2 companies, although your original bank/lender are still sending your monthly bill.

Fannie Mae look up tool http://loanlookup.fanniemae.com/loanlookup/

Freddie Mac look up tool https://ww3.freddiemac.com/corporate/


3. If your loan is owned by them, and ratio over 80% please talk to your loan agent or let me know and I can refer to you one who might be able to help you. Rates change daily, and current no-point no-fee rates for this high ratio 30-yr fixed program are about 5.0% for up to$417K loan, and 5.5% for up to $625K loan (per one of my loan partners last week).

If you find your loan is owned by Fannie Mae and Freddie Mac and interested in a refinance, please contact your mortgage lender or servicer (the organization to whom you make your monthly mortgage payments) to confirm these results and ask about the Home Affordable Refinance Plus program.

If you find your loan not owned by one of the two companies, here is what you can do:

• Try the look-up tools again. Abbreviations or typos can cause an incorrect result. Be sure that all information entered in the look-up tool is typed completely and accurately.

• Contact Fannie Mae at FannieMae.com, or 1-800-7Fannie to see if they own your loan.

• If you are currently in the foreclosure process, contact your mortgage servicer, the organization to which you make your mortgage payments, as soon as possible. Ask to speak with someone in your servicer's Loss Mitigation Department. The telephone number and mailing address of your mortgage servicer should be listed on your monthly statement. There are also a number of organizations that may be able to help you. Visit our "Working With Your Lender to Stop Foreclosure" page to help prepare for your call.

• You can also contact the Homeownership Preservation Foundation’s Homeowner’s HOPE™ Hotline at 888-995-HOPE. Additional information can be found on the Homeownership Preservation Foundation website at www.995hope.org.

• The Department of Housing and Urban Development offers assistance to distressed borrowers. Visit the HUD Web site at www.hud.gov/foreclosure.

• You can review www.FreddieMac.com/avoidforeclosure for general information for consumers about avoiding foreclosure and the steps borrowers currently in the foreclosure process should take immediately.

More information can be found at MakingHomeAffordable.gov.

Please feel free to give me a call at (510)552-0580 if I can be of any assistance.

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Feb 2009 California Median Home Prices

C.A.R. reports February home sales increased 83 percent, median home price declined 40.8 percent.

Quick Facts:
• Existing, single-family home sales increased 83 percent in February to a seasonally adjusted rate of 620,410 on an annualized basis
. The statewide median price of an existing single-family home decreased 40.8 percent
in February to $247,590
. C.A.R.’s Unsold Inventory Index fell to 6.5 months in February, compared with 15.3 months in February 2008
. The median number of days it took to sell a single-family home declined to 51.5 days in February 2009, compared with 69.3 days in February 2008.

. Thirty-year fixed-mortgage interest rates averaged 5.13 percent during February 2009, compared with 5.92 percent in February 2008, according to Freddie Mac. Adjustable-mortgage interest rates averaged 4.87 percent in February 2009, compared with 5.03 percent in February 2008.

According to the report announced by California Realtor Association on 3/25, The median price of an existing, single-family detached home in California during February 2009 was $247,590, a 40.8 percent decrease from the revised $418,260 median for February 2008. The February 2009 median price fell 2.3 percent compared with January’s revised $253,330 median price.

For the overall San Francisco Bay Area, the median price was $399044 which is a 0.9% decline from prior month, and 43.5% lower than the same period last year. Clicks links below for more analysis and summary of regional sales and price activity, as well as median price in each county and city.

Data for Alameda county is not available at the release. However, I can get it from our local MLS. If you are interested in finding out the median price and sales data for a particular city, please send me an email to meimei@calMBArealty.com to let me know.

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About the $8000 First Time Home Buyer Credit

A lot of friends have inquired me in the past weeks about the details of $8000 First Time Home Buyer credit. So here are some additional info:

- This is a tax credit and not an interest free loan as the previous stimulus bill required. Another change from the previous bill is the amount- now $8,000 up from $7,500.

- There is an income qualification – single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the program.

- The purchase must be made between 1/1/2009 and 12/31/2009.

- The tax credit is for first time home buyers only (not having lived in your residence for the previous three years).

- The tax credit is equal to 10 percent of the homes purchase price up to $8,000.

- The credit is claimed on the purchasers tax returns.

The first time home buyer tax credit is one of several key housing provisions in the American Recovery and Reinvestment Act of 2009 signed by President Obama on February 17, 2009.

For more details on this plan go to here.


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Mortage Modification Info now Available

On Wednesday, February 18, 2009, President Obama announced his new Homeowner Affordability and Stability Plan to help troubled homeowners avoid foreclosure. This plan will offer assistance up to 9 million homeowners and applies only to primary residences. The first component of the plan allows homeowners who are current to refinance an existing Fannie Mae or Freddie Mac conforming loan with a loan-to-value ratio up to 105 percent.

For more info, please click here.


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Jan 2009 Median Home Price

Home sales increased 100.8 percent in January in California compared with the same period a year ago, while the median price of an existing home fell 40.5 percent.

Quick Facts:

• Existing, single-family home sales increased 100.8 percent in January to a seasonally adjusted rate of 624,940 on an annualized basis

• The statewide median price of an existing single-family home decreased 40.5 percent in January to $254,350

• C.A.R.’s Unsold Inventory Index was 6.7 months in January, compared with 16.6 months in January 2008

• The median number of days it took to sell a single-family home was 49.9 days in January 2009, compared with 70.8 days in January 2008

. Thirty-year fixed-mortgage interest rates averaged 5.05 percent during January 2009, compared with 5.76 percent in January 2008, according to Freddie Mac. Adjustable-mortgage interest rates averaged 4.92 percent in January 2009, compared with 5.23 percent in January 2008.

According to the report announced by California Realtor Association on 2/26, the median price of an existing, single-family detached home in California during January 2009 was $254,350, a 40.5 percent decrease from the revised $427,200 median for January 2008, C.A.R. reported. The January 2009 median price fell 9.5 percent compared with December’s revised $281,180 median price.

For the overall San Francisco Bay Area, the median price was $402750 which is a 13.5% decline from prior month, and 41.7% lower than the same period last year.

See report below for summary of regional sales and price activity, as well as median price in each county and city.

January 2009 Regional Sales and Price Activity*
Regional and Condo Sales Data Not Seasonally Adjusted

Median Price Percent Change in Price from Prior Month Percent Change in Price from Prior Year Percent Change in Sales from Prior Month Percent Change in Sales from Prior Year
Jan-09 Dec-08 Jan-08 Dec-08 Jan-08
Statewide
Calif. (sf) $254,350 -9.5% -40.5% 14.0% 100.8%
Calif. (condo) $218,960 -7.2% -41.0% -18.3% 58.2%

C.A.R. Region
High Desert $127,750 -7.1% -45.5% -10.5% 234.6%
Los Angeles $305,310 -9.4% -35.0% -7.1% 84.7%
Monterey Region $263,540 -9.1% -54.6% -23.0% 132.7%
Monterey County $230,000 -9.8% -54.5% -21.6% 213.5%
Santa Cruz County $450,000 -1.1% -25.7% -27.8% 20.3%
Northern California $259,920 -4.5% -17.3% -19.8% 10.0%
Northern Wine Country $331,150 -3.8% -32.4% -21.0% 85.8%
Orange County $423,100 -4.4% -32.7% -25.9% 79.1%
Palm Springs/Lower Desert $153,150 -9.8% -52.1% -11.8% 51.0%
Riverside/San Bernardino $175,200 -8.2% -41.2% -20.6% 149.4%
Sacramento $169,670 -6.6% -34.3% -20.3% 108.7%
San Diego $325,260 -2.3% -32.6% 17.4% 139.4%
San Francisco Bay $402,750 -13.5% -41.7% -19.9% 55.0%
San Luis Obispo $381,250 1.9% -28.2% -27.0% 41.7%
Santa Barbara County $279,170 -15.0% -38.0% -26.7% 36.1%
Santa Barbara South Coast $900,000 -3.2% -24.7% -35.8% 0.0%
North Santa Barbara County $225,000 -12.3% -22.7% -21.9% 64.8%
Santa Clara $450,000 -12.2% -40.0% -16.3% 70.5%
Ventura $364,530 -1.7% -38.3% -24.4% 80.0%
* Santa Barbara County and Monterey County median prices decreased significantly from January 2008 due mainly to the high proportion of total sales from lower-priced properties in the regions.

*na - not available

* Based on closed escrow sales of single family, detached homes only (no condos). Movements in sales prices should not be interpreted as measuring changes in the cost of a standard home. Prices are influenced by changes in cost and changes in the characteristics and size of homes actually sold.

sf = single family, detached home
Source: CALIFORNIA ASSOCIATION OF REALTORS®

Median Prices By Region – Current Month vs. Year Ago
Jan-09 Dec-08 Jan-08

Statewide
Calif. (sf) $254,350 $281,180 r $427,200 r
Calif. (condo) $218,960 $236,040 $371,190 r

C.A.R Region
High Desert $127,750 $137,560 $234,310
Los Angeles $305,310 $336,980 $470,000 r
Monterey Region $263,540 $290,070 $580,560
Monterey County $230,000 $255,000 $505,000
Santa Cruz County $450,000 $455,000 $606,000
Northern California $259,920 $272,200 r $314,180 r
Northern Wine Country $331,150 $344,180 $490,180
Orange County $423,100 $442,640 $628,330 r
Palm Springs/Lower Desert $153,150 $169,730 $319,440
Riverside/San Bernardino $175,200 $190,840 $298,010
Sacramento $169,670 $181,660 $258,230
San Diego $325,260 $333,030 $482,420
San Francisco Bay $402,750 $465,640 $691,390
San Luis Obispo $381,250 $374,320 $531,250
Santa Barbara County $279,170 $328,570 $450,000 r
Santa Barbara South Coast $900,000 $930,000 r $1,195,000 r
North Santa Barbara County $225,000 $256,450 $291,180
Santa Clara $450,000 $512,450 $750,000
Ventura $364,530 $370,750 $590,380
na - not available
r - revised
Source: CALIFORNIA ASSOCIATION OF REALTORS®

Jan 2009 Median Prices by city & county



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Conforming Loan Limits to Be Increased to $729,750 Again

The American Recovery and Reinvestment Act (ARRA) was signed into law last Tuesday, increased the maximum conforming loan limit for mortgages originated in 2009 to $729,750 per the Federal Housing Finance Agency announcement 2/23/09.

Please email me (meimei@calMBArealty.com) for details and County specific loan amount information and a loan amount comparison to the previous 2009 limits. Most of the nine (9) Bay Area counties are at $729,750.

Please see details here




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Dec 2008 Median Home Price

According to the report announced by California Realtor Association on 1/27, The median price of an existing, single-family detached home in California during December 2008 was $281,100, a 41.5 percent decrease from the revised $480,820 median for December 2007. The December 2008 median price fell 2 percent compared with November’s revised $286,850 median price.
For the overall San Francisco Bay Area,
the median price was $465.640 which is a 1.7% decline from prior month, and 35.8% lower than the same period last year.

See report below for summary of regional sales and price activity, as well as median price in each county and city.
December 2008 Regional Sales and Price Activity*
Regional and Condo Sales Data Not Seasonally Adjusted
Median Price Percent Change in Price from Prior Month Percent Change in Price from Prior Year Percent Change in Sales from Prior Month Percent Change in Sales from Prior Year
Dec-08 Nov-08 Dec-07 Nov-08 Dec-07
Statewide
Calif. (sf) $281,100 -2.0% -41.5% 5.9% 84.9%
Calif. (condo) $236,040 -1.9% -39.4% 7.3% 45.9%

C.A.R. Region
Central Valley NA NA NA NA NA
High Desert $137,560 -7.4% -43.7% 29.0% 255.7%
Los Angeles $336,980 -6.2% -32.4% 18.9% 94.9%
Monterey Region $290,070 -7.7% -56.0% 32.4% 172.7%
Monterey County $255,000 -7.3% -56.4% 36.7% 269.2%
Santa Cruz County $455,000 4.1% -37.6% 19.8% 45.6%
Northern California $276,060 -4.6% -18.5% 10.0% 20.8%
Northern Wine Country $344,180 0.2% -28.4% 20.0% 114.2%
Orange County $442,640 -2.3% -32.3% 13.5% 66.2%
Palm Springs/Lower Desert $169,730 -7.5% -53.5% 17.5% 70.1%
Riverside/San Bernardino $190,840 -5.9% -41.4% 21.7% 251.0%
Sacramento $181,660 -1.7% -36.3% 12.6% 139.7%
San Diego $333,030 1.9% -32.8% -1.8% 81.7%
San Francisco Bay $465,640 -1.7% -35.8% 4.3% 36.1%
San Luis Obispo $374,320 8.7% -29.1% 30.4% 77.2%
Santa Barbara County $328,570 12.9% -34.3% 46.3% 80.0%
Santa Barbara South Coast $875,000 -21.3% -5.4% 93.9% 39.1%
North Santa Barbara County $256,450 6.5% -20.8% 23.9% 111.1%
Santa Clara $512,450 -0.5% -35.7% 12.3% 40.0%
Ventura $370,750 -3.1% -38.7% 5.2% 86.3%


* Santa Barbara County and Monterey County median prices decreased significantly from Nov 07 due mainly to the high proportion of total sales from lower-priced properties in the regions.

na - not available

*Based on closed escrow sales of single family, detached homes only (no condos). Reported month to month changes in sales activity in June overstate actual changes because of the small size of individual regional samples. Movements in sales prices should not be interpreted as measuring changes in the cost of a standard home. Prices are influenced by changes in cost and changes in the characteristics and size of homes actually sold.
sf = single family, detached home
Source: CALIFORNIA ASSOCIATION OF REALTORS®
Median Prices By Region – Current Month vs. Year Ago
Dec-08 Nov-08 Dec-07
Statewide
Calif. (sf) $281,100 $286,850 r $480,820
Calif. (condo) $236,040 $240,520 r $389,760

Region
Central Valley NA NA NA
High Desert $137,560 $148,580 $244,330
Los Angeles $336,980 $359,240 $498,500
Monterey Region $290,070 $314,370 $659,310
Monterey County $255,000 $275,000 $584,500
Santa Cruz County $455,000 $437,000 $729,000
Northern California $276,060 $289,380 r $338,650
Northern Wine Country $344,180 $343,430 $480,510
Orange County $442,640 $453,060 $653,610
Palm Springs/Lower Desert $169,730 $183,590 $364,660
Riverside/San Bernardino $190,840 $202,740 $325,520
Sacramento $181,660 $184,760 $285,140
San Diego $333,030 $326,770 $495,500
San Francisco Bay $465,640 $473,510 $725,120
San Luis Obispo $374,320 $344,230 $527,780
Santa Barbara County $328,570 $291,070 r $500,000
Santa Barbara South Coast $875,000 $1,112,000 r $925,000
North Santa Barbara County $256,450 $240,910 r $323,810
Santa Clara $512,450 $515,000 $797,000
Ventura $370,750 $382,590 $604,730


na - not available
r - revised
Source: CALIFORNIA ASSOCIATION OF REALTORS®
Median Prices By Region – Current Month vs. Year Ago
Nov-08 Oct-08 Nov-07
Statewide
Calif. (sf) $285,680 $301,740 r $490,510 r
Calif. (condo) $240,690 $267,700 $410,960 r

C.A.R. Region
Central Valley NA NA NA
High Desert $148,580 $154,660 $262,650
Los Angeles $359,240 $366,520 $523,140 r
Monterey Region $314,370 $336,630 $699,600 r
Monterey County $275,000 $285,000 $590,000 r
Santa Cruz County $437,000 $500,000 $727,500 r
Northern California $306,940 $310,120 $354,600
Northern Wine Country $343,430 $369,890 $518,060
Orange County $453,060 $490,360 $675,450 r
Palm Springs/Lower Desert $183,590 $206,050 $318,180
Riverside/San Bernardino $202,740 $209,990 $344,930 r
Sacramento $184,760 $196,920 $299,240
San Diego $326,760 $337,640 $535,780
San Francisco Bay $473,510 $520,920 $794,990 r
San Luis Obispo $344,230 $396,430 $454,840
Santa Barbara County $300,000 $341,300 $692,310 r
Santa Barbara South Coast $1,200,000 $860,000 $1,080,000
North Santa Barbara County $244,320 $247,580 $354,760
Santa Clara $515,000 $549,940 $850,500 r
Ventura $382,590 $427,650 $623,510


Dec 2008 Median Prices
Median home prices contained in this chart were generated from DataQuick Information Systems. The price statistics are derived from all types of home sales -- new and existing, condos and single-family. Movements in sales prices should not be interpreted as changes in the cost of a standard home. Median prices can be influenced by changes in cost, as well as changes in the characteristics and size of homes sold. Due to the low sales volume in some cities or areas, median price changes may exhibit unusual fluctuation.

The following counties were not available at the date of this Press Release: Alameda and Madera.
County/City/Area December
2008 December
2007 Y-T-Y % Change
Contra Costa County 250,000.00 501,000.00 -50.1%
Antioch 210,000.00 350,000.00 -40.0%
Brentwood2 307,500.00 442,500.00 -30.5%
Concord 241,000.00 409,500.00 -41.1%
Danville 1,029,000.00 949,000.00 8.4%
Discovery Bay 301,000.00 504,000.00 -40.3%
Hercules 362,500.00 520,000.00 -30.3%
Martinez 342,500.00 391,250.00 -12.5%
Oakley 255,750.00 417,000.00 -38.7%
Pinole 271,500.00 450,000.00 -39.7%
Pittsburg 157,250.00 325,000.00 -51.6%
Pleasant Hill 410,000.00 585,050.00 -29.9%
Richmond 138,500.00 339,750.00 -59.2%
San Pablo 160,500.00 357,000.00 -55.0%
San Ramon 711,500.00 753,000.00 -5.5%
Walnut Creek 500,000.00 583,000.00 -14.2%
El Dorado County 342,500.00 435,000.00 -21.3%
El Dorado Hills 455,000.00 560,000.00 -18.8%
Placerville 175,000.00 307,500.00 -43.1%
Shingle Springs 271,500.00 392,000.00 -30.7%
South Lake Tahoe 410,000.00 473,000.00 -13.3%
Fresno County 174,000.00 257,000.00 -32.3%
Clovis 300,000.00 355,000.00 -15.5%
Fresno 155,000.00 250,000.00 -38.0%
Reedley 183,750.00 277,500.00 -33.8%
Sanger 143,000.00 244,250.00 -41.5%
Selma 127,500.00 220,000.00 -42.0%
Kern County 155,000.00 245,000.00 -36.7%
Bakersfield 160,000.00 250,000.00 -36.0%
California City 73,000.00 197,500.00 -63.0%
Delano 158,000.00 180,000.00 -12.2%
Ridgecrest 177,500.00 193,000.00 -8.0%
Rosamond 130,000.00 310,000.00 -58.1%
Tehachapi 200,000.00 250,000.00 -20.0%
Los Angeles County 320,000.00 475,000.00 -32.6%
Agoura Hills 511,000.00 600,000.00 -14.8%
Alhambra 401,500.00 457,500.00 -12.2%
Altadena 407,500.00 657,500.00 -38.0%
Arcadia 625,000.00 792,500.00 -21.1%
Artesia 365,000.00 430,000.00 -15.1%
Azusa 265,000.00 387,500.00 -31.6%
Baldwin Park 230,000.00 405,000.00 -43.2%
Bellflower 305,000.00 430,000.00 -29.1%
Burbank 500,000.00 540,000.00 -7.4%
Canoga Park 330,000.00 441,250.00 -25.2%
Canyon Country 310,000.00 387,272.50 -20.0%
Carson 340,000.00 448,000.00 -24.1%
Castaic 375,000.00 452,250.00 -17.1%
Cerritos 547,500.00 502,000.00 9.1%
Claremont 525,000.00 542,500.00 -3.2%
Compton 182,000.00 378,250.00 -51.9%
Covina 350,000.00 412,000.00 -15.0%
Culver City 502,000.00 615,000.00 -18.4%
Diamond Bar 419,000.00 595,250.00 -29.6%
Downey 365,000.00 460,000.00 -20.7%
Duarte 293,000.00 400,000.00 -26.8%
El Monte 290,000.00 354,000.00 -18.1%
Encino 435,000.00 685,000.00 -36.5%
Gardena 320,000.00 435,000.00 -26.4%
Glendale 450,000.00 669,500.00 -32.8%
Glendora 365,000.00 440,000.00 -17.0%
Granada Hills 390,000.00 546,000.00 -28.6%
Hacienda Heights 375,000.00 533,500.00 -29.7%
Hawthorne 367,500.00 491,000.00 -25.2%
Huntington Park 280,000.00 397,500.00 -29.6%
Inglewood 300,000.00 408,000.00 -26.5%
La Mirada 360,000.00 439,500.00 -18.1%
La Puente 255,000.00 385,000.00 -33.8%
La Verne 423,000.00 450,000.00 -6.0%
Lakewood 400,000.00 470,000.00 -14.9%
Lancaster 150,000.00 283,750.00 -47.1%
Lomita 405,000.00 506,000.00 -20.0%
Long Beach 295,000.00 411,000.00 -28.2%
Los Angeles 334,500.00 550,000.00 -39.2%
Lynwood 242,500.00 315,000.00 -23.0%
Monrovia 429,000.00 539,000.00 -20.4%
Montebello 327,000.00 497,500.00 -34.3%
Monterey Park 401,000.00 489,000.00 -18.0%
Newhall 215,000.00 335,000.00 -35.8%
North Hills 310,000.00 450,000.00 -31.1%
North Hollywood 328,000.00 530,000.00 -38.1%
Northridge 460,000.00 591,000.00 -22.2%
Norwalk 280,000.00 380,000.00 -26.3%
Pacoima 239,500.00 415,000.00 -42.3%
Palmdale 150,000.00 300,000.00 -50.0%
Panorama City 195,000.00 340,000.00 -42.6%
Paramount 220,000.00 340,000.00 -35.3%
Pasadena 475,000.00 525,000.00 -9.5%
Pico Rivera 295,000.00 385,000.00 -23.4%
Pomona 215,000.00 350,000.00 -38.6%
Redondo Beach 682,500.00 740,000.00 -7.8%
Reseda 286,500.00 402,500.00 -28.8%
Rosemead 375,000.00 400,000.00 -6.3%
Rowland Heights 412,750.00 420,000.00 -1.7%
San Fernando 240,000.00 390,000.00 -38.5%
San Gabriel 512,000.00 550,000.00 -6.9%
San Pedro 465,000.00 459,500.00 1.2%
Santa Clarita 407,500.00 489,000.00 -16.7%
Santa Monica 825,000.00 1,046,000.00 -21.1%
Sherman Oaks 537,500.00 891,000.00 -39.7%
South Gate 260,000.00 390,000.00 -33.3%
Stevenson Ranch 541,250.00 634,000.00 -14.6%
Sun Valley 250,000.00 365,500.00 -31.6%
Sunland 320,000.00 390,000.00 -17.9%
Sylmar 285,000.00 460,000.00 -38.0%
Tarzana 337,500.00 418,000.00 -19.3%
Temple City 483,000.00 580,000.00 -16.7%
Torrance 490,000.00 564,000.00 -13.1%
Tujunga 350,000.00 428,750.00 -18.4%
Valencia 350,000.00 439,500.00 -20.4%
Valley Village 452,500.00 562,500.00 -19.6%
Van Nuys 325,000.00 464,500.00 -30.0%
West Covina 350,250.00 438,500.00 -20.1%
West Hills 432,000.00 541,500.00 -20.2%
Whittier 335,000.00 443,750.00 -24.5%
Wilmington 281,500.00 410,000.00 -31.3%
Winnetka 330,000.00 407,500.00 -19.0%
Woodland Hills 469,000.00 557,500.00 -15.9%
Los Angeles Selected Areas
Westside 1,050,000.00 1,825,000.00 -42.5%
West LA 642,750.00 782,500.00 -17.9%
Downtown LA/Central City 543,000.00 710,000.00 -23.5%
South LA 205,750.00 420,000.00 -51.0%
North East LA 310,000.00 420,000.00 -26.2%
San Fernando Valley Selected Areas
San Fernando Valley 335,000.00 480,000.00 -30.2%
West San Fernando Valley 365,000.00 489,000.00 -25.4%
Northeast San Fernando Valley 277,000.00 430,000.00 -35.6%
Southeast San Fernando Valley 372,250.00 595,000.00 -37.4%
Southwest Los Angeles Selected Areas
Beach Cities 860,000.00 945,000.00 -9.0%
South Bay 510,000.00 657,500.00 -22.4%
Long Beach (90810) 240,000.00 385,000.00 -37.7%
Palos Verdes Peninsula Area 927,500.00 1,100,000.00 -15.7%
Merced County 120,500.00 255,000.00 -52.7%
Atwater 130,500.00 320,000.00 -59.2%
Los Banos 125,000.00 283,500.00 -55.9%
Merced 127,500.00 245,000.00 -48.0%
Marin County 562,500.00 780,000.00 -27.9%
Novato 467,000.00 587,000.00 -20.4%
San Rafael 485,000.00 686,000.00 -29.3%
Monterey County 230,000.00 450,000.00 -48.9%
Salinas 220,000.00 450,000.00 -51.1%
Seaside 285,000.00 369,000.00 -22.8%
Soledad 197,500.00 357,500.00 -44.8%
Napa County 400,000.00 581,250.00 -31.2%
Napa 350,000.00 548,500.00 -36.2%
Nevada County 330,500.00 420,000.00 -21.3%
Grass Valley 300,000.00 415,000.00 -27.7%
Nevada City 331,000.00 350,000.00 -5.4%
Truckee 469,500.00 567,000.00 -17.2%
Orange County 393,750.00 560,000.00 -29.7%
Aliso Viejo 458,500.00 520,000.00 -11.8%
Anaheim 320,000.00 450,000.00 -28.9%
Brea 405,000.00 485,100.00 -16.5%
Buena Park 360,000.00 495,000.00 -27.3%
Costa Mesa 433,000.00 545,000.00 -20.6%
Cypress 450,000.00 497,500.00 -9.5%
Fountain Valley 543,500.00 643,750.00 -15.6%
Fullerton 367,000.00 466,500.00 -21.3%
Garden Grove 337,000.00 450,000.00 -25.1%
Huntington Beach 573,250.00 700,000.00 -18.1%
Irvine 586,500.00 660,000.00 -11.1%
La Habra 312,250.00 460,000.00 -32.1%
Ladera Ranch 474,500.00 852,500.00 -44.3%
Laguna Hills 264,000.00 383,500.00 -31.2%
Laguna Niguel 530,000.00 706,500.00 -25.0%
Lake Forest 335,000.00 542,500.00 -38.2%
Mission Viejo 425,000.00 545,000.00 -22.0%
Orange 407,500.00 549,000.00 -25.8%
Placentia 390,000.00 587,000.00 -33.6%
Rancho Santa Margarita 426,000.00 480,000.00 -11.3%
San Clemente 675,000.00 1,007,000.00 -33.0%
San Juan Capistrano 244,000.00 1,125,000.00 -78.3%
Santa Ana 260,000.00 435,000.00 -40.2%
Stanton 308,500.00 421,500.00 -26.8%
Tustin 387,000.00 466,500.00 -17.0%
Westminster 399,000.00 467,500.00 -14.7%
Yorba Linda 543,000.00 678,500.00 -20.0%
Placer County 317,250.00 367,500.00 -13.7%
Auburn 334,750.00 415,250.00 -19.4%
Lincoln 295,000.00 330,000.00 -10.6%
Rocklin 317,750.00 411,500.00 -22.8%
Roseville 325,000.00 351,500.00 -7.5%
Riverside County 207,000.00 351,500.00 -41.1%
Banning 140,000.00 228,181.00 -38.6%
Beaumont 235,000.00 324,000.00 -27.5%
Cathedral City 175,000.00 250,000.00 -30.0%
Corona 325,000.00 452,250.00 -28.1%
Desert Hot Springs 97,000.00 283,000.00 -65.7%
Hemet 130,000.00 265,000.00 -50.9%
Indio 200,000.00 328,500.00 -39.1%
La Quinta 350,000.00 552,000.00 -36.6%
Lake Elsinore 193,000.00 320,000.00 -39.7%
Menifee 217,000.00 341,500.00 -36.5%
Mira Loma 318,000.00 400,000.00 -20.5%
Moreno Valley 146,500.00 297,000.00 -50.7%
Murrieta 248,200.00 325,000.00 -23.6%
Norco 365,000.00 567,500.00 -35.7%
Palm Desert 265,000.00 380,000.00 -30.3%
Palm Springs 260,000.00 340,000.00 -23.5%
Perris 150,500.00 300,000.00 -49.8%
Rancho Mirage 457,500.00 579,500.00 -21.1%
Riverside 215,000.00 385,000.00 -44.2%
San Jacinto 157,500.00 265,000.00 -40.6%
Sun City 180,000.00 295,000.00 -39.0%
Temecula 267,250.00 381,250.00 -29.9%
Wildomar 270,000.00 375,000.00 -28.0%
Winchester 264,000.00 365,250.00 -27.7%
Sacramento County 175,750.00 280,000.00 -37.2%
Antelope 210,000.00 265,000.00 -20.8%
Carmichael 267,500.00 331,500.00 -19.3%
Citrus Heights 172,500.00 254,000.00 -32.1%
Elk Grove 248,000.00 317,500.00 -21.9%
Fair Oaks 278,000.00 360,000.00 -22.8%
Folsom 340,000.00 367,500.00 -7.5%
Galt 185,000.00 286,000.00 -35.3%
North Highlands 95,000.00 134,500.00 -29.4%
Orangevale 215,000.00 271,500.00 -20.8%
Rancho Cordova 266,500.00 320,000.00 -16.7%
Sacramento 136,000.00 250,000.00 -45.6%
San Benito County 254,000.00 411,000.00 -38.2%
San Bernardino County 180,000.00 313,750.00 -42.6%
Adelanto 102,000.00 247,500.00 -58.8%
Apple Valley 147,500.00 246,500.00 -40.2%
Barstow 95,000.00 163,500.00 -41.9%
Big Bear City 200,000.00 231,000.00 -13.4%
Big Bear Lake 299,500.00 405,000.00 -26.0%
Bloomington 170,000.00 350,000.00 -51.4%
Chino 320,000.00 420,000.00 -23.8%
Chino Hills 435,000.00 657,500.00 -33.8%
Colton 155,000.00 252,500.00 -38.6%
Crestline 120,000.00 211,750.00 -43.3%
Fontana 220,000.00 383,500.00 -42.6%
Hesperia 152,000.00 265,000.00 -42.6%
Highland 225,000.00 293,000.00 -23.2%
Joshua Tree 115,000.00 122,500.00 -6.1%
Lake Arrowhead 312,500.00 400,000.00 -21.9%
Loma Linda 335,000.00 363,500.00 -7.8%
Montclair 225,500.00 335,000.00 -32.7%
Ontario 230,000.00 355,000.00 -35.2%
Rancho Cucamonga 335,000.00 430,500.00 -22.2%
Redlands 265,000.00 357,000.00 -25.8%
Rialto 155,000.00 290,000.00 -46.6%
San Bernardino 105,000.00 250,000.00 -58.0%
Upland 310,500.00 381,000.00 -18.5%
Victorville 139,500.00 268,000.00 -47.9%
Yucaipa 220,000.00 361,000.00 -39.1%
Yucca Valley 111,500.00 195,000.00 -42.8%
San Diego County 300,000.00 437,250.00 -31.4%
Carlsbad 615,000.00 694,500.00 -11.4%
Chula Vista 316,500.00 400,000.00 -20.9%
El Cajon 215,750.00 329,500.00 -34.5%
Encinitas 520,000.00 900,000.00 -42.2%
Escondido 228,000.00 399,000.00 -42.9%
Fallbrook 325,000.00 362,000.00 -10.2%
La Jolla 562,500.00 1,200,000.00 -53.1%
La Mesa 337,500.00 390,000.00 -13.5%
Lakeside 273,750.00 382,500.00 -28.4%
Lemon Grove 245,000.00 349,500.00 -29.9%
National City 225,000.00 340,000.00 -33.8%
Oceanside 295,000.00 376,250.00 -21.6%
Poway 420,000.00 450,000.00 -6.7%
Ramona 325,000.00 384,500.00 -15.5%
San Diego 307,000.00 475,000.00 -35.4%
San Marcos 332,000.00 525,500.00 -36.8%
San Ysidro 222,000.00 344,000.00 -35.5%
Santee 270,000.00 385,500.00 -30.0%
Spring Valley 217,500.00 300,000.00 -27.5%
Vista 260,000.00 425,000.00 -38.8%
San Francisco County 625,500.00 733,500.00 -14.7%
San Francisco 625,500.00 733,500.00 -14.7%
San Joaquin County 167,000.00 316,750.00 -47.3%
Lodi 161,500.00 294,500.00 -45.2%
Manteca 182,500.00 330,500.00 -44.8%
Stockton 129,250.00 260,000.00 -50.3%
Tracy 253,500.00 425,750.00 -40.5%
San Luis Obispo County 400,000.00 505,000.00 -20.8%
Atascadero 400,000.00 370,000.00 8.1%
Nipomo 548,000.00 583,250.00 -6.0%
Paso Robles 335,000.00 404,000.00 -17.1%
San Luis Obispo 502,500.00 559,500.00 -10.2%
San Mateo County 538,000.00 735,000.00 -26.8%
Daly City 495,000.00 583,000.00 -15.1%
Redwood City 569,000.00 837,500.00 -32.1%
San Bruno 336,000.00 627,500.00 -46.5%
San Mateo 618,500.00 735,000.00 -15.9%
South San Francisco 490,000.00 567,000.00 -13.6%
Santa Barbara County 270,500.00 397,000.00 -31.9%
Lompoc 200,000.00 320,000.00 -37.5%
Santa Barbara 952,500.00 845,000.00 12.7%
Santa Maria 250,000.00 317,500.00 -21.3%
Santa Clara County 430,000.00 664,000.00 -35.2%
Gilroy 375,000.00 605,750.00 -38.1%
Milpitas 435,000.00 563,500.00 -22.8%
Morgan Hill 460,000.00 642,500.00 -28.4%
San Jose 390,000.00 625,000.00 -37.6%
Santa Clara 470,500.00 623,750.00 -24.6%
Sunnyvale 599,000.00 706,000.00 -15.2%
Santa Cruz County 399,500.00 625,000.00 -36.1%
Santa Cruz 547,500.00 735,250.00 -25.5%
Watsonville 305,000.00 396,000.00 -23.0%
Solano County 206,000.00 369,750.00 -44.3%
Dixon 262,500.00 400,000.00 -34.4%
Fairfield 191,000.00 415,000.00 -54.0%
Rio Vista 211,000.00 368,000.00 -42.7%
Suisun City 200,000.00 366,750.00 -45.5%
Vacaville 275,000.00 360,000.00 -23.6%
Vallejo 162,000.00 319,750.00 -49.3%
Sonoma County 300,000.00 415,000.00 -27.7%
Petaluma 387,500.00 460,000.00 -15.8%
Rohnert Park 266,000.00 351,000.00 -24.2%
Santa Rosa 265,000.00 415,000.00 -36.1%
Sonoma 415,000.00 490,000.00 -15.3%
Windsor 338,500.00 458,250.00 -26.1%
Stanislaus County 157,250.00 281,500.00 -44.1%
Ceres 174,000.00 296,000.00 -41.2%
Modesto 133,500.00 265,000.00 -49.6%
Oakdale 200,000.00 356,750.00 -43.9%
Patterson 172,250.00 316,250.00 -45.5%
Riverbank 181,500.00 285,000.00 -36.3%
Salida 162,000.00 253,000.00 -36.0%
Turlock 200,500.00 285,500.00 -29.8%
Tulare County 158,500.00 220,000.00 -28.0%
Porterville 144,750.00 169,000.00 -14.3%
Tulare 140,000.00 204,500.00 -31.5%
Visalia 175,000.00 229,000.00 -23.6%
Ventura County 335,000.00 525,000.00 -36.2%
Camarillo 455,000.00 527,500.00 -13.7%
Fillmore 284,000.00 472,750.00 -39.9%
Moorpark 478,750.00 709,500.00 -32.5%
Newbury Park 525,000.00 591,000.00 -11.2%
Oxnard 270,000.00 420,000.00 -35.7%
Port Hueneme 250,000.00 359,000.00 -30.4%
Santa Paula 240,000.00 325,500.00 -26.3%
Simi Valley 375,000.00 542,500.00 -30.9%
Thousand Oaks 415,000.00 565,000.00 -26.5%
Ventura 340,000.00 525,500.00 -35.3%
Yolo County 275,000.00 326,500.00 -15.8%
West Sacramento 271,500.00 315,000.00 -13.8%
Woodland 260,000.00 307,500.00 -15.4%


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