March 2012 California Median Home Prices

The statewide median price of an existing, single-family detached home jumped 9.2 percent to $291,080 in March from February’s $266,660 median price and was up 1.6 percent from a revised $286,550 recorded in March 2011. The month-to-month increase was the largest since March 2004.

For the overall San Francisco Bay Area, the median price was $478,330, which is 9.1% higher than prior month's $438,280,and 1.6% lower than the same period last year of $$486,010.

 Other key facts of C.A.R.’s March 2012 resale housing report include: 

 • California’s housing inventory declined in March, with the Unsold Inventory Index for existing, single-family detached homes decreasing to 4.1 months in March, down from a revised 5.4 months in February and down from the 5.4-month supply in March 2011. The index indicates the number of months needed to sell the supply of homes on the market at the current sales rate. A 7-month supply is considered normal.
  • Interest rates edged up slightly in March. Thirty-year fixed-mortgage interest rates averaged 3.95 percent during March 2012, down from 4.84 percent in March 2011, according to Freddie Mac. Adjustable-mortgage interest rates averaged 2.77 percent in March 2012, compared with 3.22 percent in March 2011. 
 • The median number of days it took to sell a single-family home fell to 53.1 days in March 2012 and was down from a revised 57 days for the same period a year ago. 

Click here for more analysis and summary of regional sales and price activity, as well as median price in each county. 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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Feb 2012 California Median Home Prices

The statewide median price of an existing, single-family detached home dipped 0.6 percent to $266,660 in February from January’s $268,280 median price. The median price was down 1.7 percent from the revised $271,370 median price recorded in February 2011.

For the overall San Francisco Bay Area, the median price was $438,280, which is 5.6% higher than prior month's $415,120,and 1.3% lower than the same period last year of $443,880.

Other key facts of C.A.R.’s February 2012 resale housing report include:


• California’s housing inventory declined in February, with the Unsold Inventory Index for existing, single-family detached homes decreasing to 5.3 months in February, down from a revised 5.7 months in January and down from the 7.5-month supply in February 2011. The index indicates the number of months needed to deplete the supply of homes on the market at the current sales rate.
• Interest rates fell to record lows again in February. Thirty-year fixed-mortgage interest rates averaged 3.89 percent during February 2012, down from 4.95 percent in February 2011, according to Freddie Mac. Adjustable-mortgage interest rates averaged 2.78 percent in February 2012, compared with 3.35 percent in February 2011.
• The median number of days it took to sell a single-family home fell to 58.9 days in February 2012 and was down from a revised 64.7 days for the same period a year ago.

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

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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Jan 2012 California Median Home Prices

The statewide median price of an existing, single-family detached home fell to $268,280 in January, down 6.7 percent from $285,920 in December.  The median price also dropped 3.9 percent from the revised $279,220 median price recorded in January 2011.

For the overall San Francisco Bay Area, the median price was$415,120, which is 8.9% lower than prior month's $455,750,and 9.3% lower than the same period last year of 457,470.

Other key facts of C.A.R.’s January 2012 resale housing report include:

* California’s housing inventory rose in January, with the Unsold Inventory Index for existing, single-family detached homes increasing to 5.5 months in January, up from 4.1 months in December but down from the 6.8-month supply in January 2011. The index indicates the number of months needed to deplete the supply of homes on the market at the current sales rate.
* Interest rates continued their downward trend in January. Thirty-year fixed-mortgage interest rates averaged 3.92 percent during January 2012, down from 4.76 percent in January 2011, according to Freddie Mac. Adjustable-mortgage interest rates averaged 2.76 percent in January 2012, compared with 3.25 percent in January 2011.
* The median number of days it took to sell a single-family home edged up to 61.9 days in January 2012 and was essentially unchanged from the 61.8 days for the same period a year ago.

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

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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Lovely Updated 2BR/2BA Home in Upscale Hayward Hills For Rent (with Bay View)

Nestled in the South Hayward Hills and situated on acres of serene beauty, this unit is located at the top floor of the quietest end of the upscale Clarendon Hills community.

2 BR / 2BA, 878 sqf, built in 1988
Remodeled kitchen with granite counter and stone floor
Brand new laminated floor throughout living room & bedrooms
Fireplace in living room
Over-sized patio with view. Beautiful view of bay from the dining room.
Inside laundry with washer and dryer provided.
Fresh designer paint throughout.

Unit has 1 single car garage and 1 additional reserved covered parking; plenty of guest parking spaces available nearby
Community offers 2 pools, hot tub, and gym room with Sauna. Nighttime security guard in complex.
Conveniently located near South Hayward BART Station and highways.

Address: 680 DARTMORE LN, Hayward, CA 94544 (Call for Unit number)

Available now to move in.
Ask for $1560 /month
Sorry, no section 8. Prefer no pets. 1 Year minimum lease. $1500 deposit required.

Call Mei Mei (510)552-0580 now to schedule an appointment to view this beautiful home.
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Unit is located at the top floor of this building:


Open this front Door to get to your new home.


Remodeled Kitchen with granite counter and newer cabinets.


Spacious living room with fireplace and brand new laminate floor.


Large balcony overlooking the bay.


Bathrooms with brand new toilets and flooring.


One spacious 1-car garage with extra storage spaces, and 1 reserved covered parking


Sunset at Club House


A small gym with sauna


Two swimming pools with hot tub and sauna


Call Mei Mei (510)552-0580 now to schedule an appointment to view this beautiful home.


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Oct 2011 California Median Home Prices

The October statewide median price of an existing, single-family detached home sold in California was $278,060, down 3.3 percent from $287,440 in September and down 8.9 percent from the $305,150 median price recorded for October 2010.

For the overall San Francisco Bay Area, the median price was$464,100, which is 3.72% lower than prior month's $482,010, and 14.4% lower than the same period last year of $542,260.

Other key facts of C.A.R.’s resale housing report for October 2011 include:

* The Unsold Inventory Index for existing, single-family detached homes was 5.3 months in October, up from 5.1 months in September but down from a revised 6.2-month supply in October 2010. The index indicates the number of months needed to deplete the supply of homes on the market at the current sales rate.

*Thirty-year fixed-mortgage interest rates averaged 4.07 percent during October 2011, down from 4.23 percent in October 2010, according to Freddie Mac. Adjustable-mortgage interest rates averaged 2.92 percent in October 2011, compared with 3.36 percent in October 2010.

*The median number of days it took to sell a single-family home was 55.2 days in October 2011, compared with 51.5 days for the same period a year ago.

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

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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Sep 2011 California Median Home Prices

The September statewide median price of an existing, single-family detached home sold in California was $287,440, down 3.2 percent from a revised $297,060 in August and down 8.3 percent from the $313,460 median price recorded for September 2010. 

For the overall San Francisco Bay Area, the median price was$482,010  , which is 3.2% lower than prior month's $498,190, and 7.5% lower than the same period last year of $521,180.

Other key facts of C.A.R.’s resale housing report for September 2011 include:

* The Unsold Inventory Index for existing, single-family detached homes was 5.1 months in September, essentially unchanged from 5.0 months in August but down from a revised 5.9 months in September 2010. The index indicates the number of months needed to deplete the supply of homes on the market at the current sales rate.

* Thirty-year fixed-mortgage interest rates averaged 4.11 percent during September 2011, down from 4.35 percent in September 2010, according to Freddie Mac. Adjustable-mortgage interest rates averaged 2.84 percent in July 2011, compared with 3.46 percent in September 2010.

* The median number of days it took to sell a single-family home was 54.4 days in September 2011, compared with 50.3 days for the same period a year ago.

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

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 2011 California Median Home Prices

California home sales posted an increase from both the previous month and previous year in August, while the median home price rose to its highest level this year, according to data from the CALIFORNIA ASSOCIATION OF REALTORS®.

The August statewide median price of an existing, single-family detached home sold in California was $297,060, up 1 percent from a revised $294,050 in July, but down 7.4 percent from the $320,860 median price recorded for August 2010.

For the overall San Francisco Bay Area, the median price was $498,190 , which is 0.7% higher than prior month's $494,640; and 9.2% lower than the same period last year of $548,610.

Other highlights of C.A.R.’s resale housing report for August 2011 include:

* The Unsold Inventory Index for existing, single-family detached homes was 5 months in August, down from 5.5 months in July and down from a revised 5.8 months in August 2010. The index indicates the number of months needed to deplete the supply of homes on the market at the current sales rate.

* Thirty-year fixed-mortgage interest rates averaged 4.27 percent during August 2011, down from 4.43 percent in August 2010, according to Freddie Mac. Adjustable-mortgage interest rates averaged 2.93 percent in July 2011, compared with 3.53 percent in August 2010.

* The median number of days it took to sell a single-family home was 52.7 days in August 2011, compared with 45.5 days for the same period a year ago.

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

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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