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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