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Old 08-12-2013, 07:55 AM
 
Location: Zurich, Switzerland/ Piedmont, CA
31,575 posts, read 53,094,619 times
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From the National Association of Realtors

Metro Area Median Home Price Q2 2013 & Annual Percentage Growth:

$250,000+
San Jose-Sunnyvale-Santa Clara $808,500 +22.5%
San Francisco-Oakland-Fremont $706,300 +27.8%
Honolulu $660,100 +4.8%
San Diego-Carlsbad-San Marcos $469,000 +23.7%
Boulder $431,200 +11.1%
Bridgeport-Stamford-Norwalk $425,900 +1.1%
Washington-Arlington-Alexandria $403,000 +9.8%
New York-Northern New Jersey-Long Island $399,900 +4.5%
Boston-Cambridge-Quincy $382,200 +5.6%
Los Angeles-Long Beach-Santa Ana $378,400 +27.5%
Seattle-Tacoma-Bellevue $347,400 +13.2%
Naples-Marco Island $346,600 +29.3%
Barnstable Town, MA $335,600 +0.6%
Denver-Aurora $286,500 +9.9%
Burlington-South Burlington $280,900 +5.4%
Trenton-Ewing $278,100 +7.7%
Portland-Vancouver-Beaverton $264,200 +13.0%
Baltimore-Towson $262,700 +3.0%
Miami-Ft Lauderdale-Pompano Beach $251,000 +21.4%

Some other large metro areas:
Riverside-San Bernardino-Ontario $239,600 +30.9%
Sacramento-Arden Arcade-Roseville $237,000 +39.2%
Philadelphia-Camden-Wilmington $227,200 +3.4%
Chicago-Naperville-Joliet $201,300 +7.2%
Minneapolis-St Paul-Bloomington $199,600 +14.4%
Houston-Baytown-Sugar Land $189,000 +12.3%
Phoenix-Mesa-Scottsdale $183,300 +23.5%
Dallas-Ft Worth-Arlington $181,800 +11.5%
Charlotte-Gastonia-Concord $180,100 +9.4%
Las Vegas-Paradise $171,800 +31.4%
Orlando $161,100 +18.4%
Kansas City $159,600 +7.5%
Tampa-St Petersburg-Clearwater $145,700 +1.0%
Cincinnati-Middletown $143,800 +6.2%
Atlanta-Sandy Springs-Marietta $143,300 +38.9%
Indianapolis $139,700 +3.4%
St Louis $136,600 +1.5%
Cleveland-Elyria-Mentor, OH $122,700 +18.1%

All Metro Areas
http://www.realtor.org/sites/default...2013-08-08.pdf

So I only did metros but I did see some metro divisions that were separate, most notably Anaheim-Santa Ana(Orange County) which is by far the most expensive metro division listed at $657,100 with an annual growth rate of 21.1%. The other MDs listed appear to be part of the NY MSA(Long Island, Northern NJ)

There was no data available for Detroit and some other large metros.

Also, as far as this:
San Jose-Sunnyvale-Santa Clara $808,500 +22.5%
San Francisco-Oakland-Fremont $706,300 +27.8%

When we split up the SF MSA into their metro divisions, the SF MD is around $900,000 and Oakland is about $650,000.

San Francisco Metro Division
San Mateo County $1,001,000 +21.3%
Marin County $1,000,000 +21.4%
San Francisco County $855,180 +15.3%

Oakland Metro Division
Contra Costa $829,890 +18.8%
Alameda County $639,650 +29.7%

The primary issues are super low inventory and super high demand. It's really annoying that it seems like over 99% of the high density projects that are currently building thousands of new condos all over the Bay Area are all oriented to rich yuppies and trust fund hipsters.

If we don't make incentives for middle income housing, we are going to continue to see the exodus of middle income households to exurbia and the urban bay area will be nothing but rich and poor.

Last edited by 18Montclair; 08-12-2013 at 08:08 AM..
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Old 08-12-2013, 08:55 AM
 
Location: roaming gnome
12,391 posts, read 23,761,585 times
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Yeah the bay area is nuts. Other cities you can find some spots in the suburbs that are way cheaper than the city. In SF, the prices in the suburbs are often higher than areas in city proper. Sausalito/San Rafael/Mill Valley/Berkeley/Oakland Hills are often more expensive than most of the west side of SF including Sunset District/Inner Richmond/Daly City. You have lots of million dollar homes like 80 miles out north and south all the way up to Healdsburg and all the way south to Santa Cruz. Oakland DT and surroundings is probably the perfect place to dense it up some with more multi unit housing.
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Old 08-12-2013, 10:11 AM
 
Location: SF Bay Area
15,404 posts, read 24,375,629 times
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Quote:
Originally Posted by grapico View Post
Yeah the bay area is nuts. Other cities you can find some spots in the suburbs that are way cheaper than the city. In SF, the prices in the suburbs are often higher than areas in city proper. Sausalito/San Rafael/Mill Valley/Berkeley/Oakland Hills are often more expensive than most of the west side of SF including Sunset District/Inner Richmond/Daly City. You have lots of million dollar homes like 80 miles out north and south all the way up to Healdsburg and all the way south to Santa Cruz. Oakland DT and surroundings is probably the perfect place to dense it up some with more multi unit housing.
I wonder if that has to do with the weather, Sunset/Richmond/DC have just an awful climate imo.

The East Bay is more "normal" overall but everywhere within a 90 mile radius of SF is way overpriced imo. I hope prices here fall again from some little mini tech bubble bursting.
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Old 08-12-2013, 10:53 AM
 
Location: Up on the moon laughing down on you
18,509 posts, read 27,244,461 times
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Wow, the west is expensive. Looks liKe Riverside snd Sacramento will be joining the 250k club too. Even Phoenix and Vegas are still going strong.

Surprised that ATL is still so affordable
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Old 08-12-2013, 06:42 PM
 
Location: SoCal
460 posts, read 695,978 times
Reputation: 454
Quote:
Originally Posted by 18Montclair View Post
From the National Association of Realtors

Metro Area Median Home Price Q2 2013 & Annual Percentage Growth:

$250,000+
San Jose-Sunnyvale-Santa Clara $808,500 +22.5%
San Francisco-Oakland-Fremont $706,300 +27.8%

Honolulu $660,100 +4.8%
San Diego-Carlsbad-San Marcos $469,000 +23.7%
Boulder $431,200 +11.1%
Bridgeport-Stamford-Norwalk $425,900 +1.1%
Washington-Arlington-Alexandria $403,000 +9.8%
New York-Northern New Jersey-Long Island $399,900 +4.5%
Boston-Cambridge-Quincy $382,200 +5.6%
Los Angeles-Long Beach-Santa Ana $378,400 +27.5%
Seattle-Tacoma-Bellevue $347,400 +13.2%
Naples-Marco Island $346,600 +29.3%
Barnstable Town, MA $335,600 +0.6%
Denver-Aurora $286,500 +9.9%
Burlington-South Burlington $280,900 +5.4%
Trenton-Ewing $278,100 +7.7%
Portland-Vancouver-Beaverton $264,200 +13.0%
Baltimore-Towson $262,700 +3.0%
Miami-Ft Lauderdale-Pompano Beach $251,000 +21.4%

Some other large metro areas:
Riverside-San Bernardino-Ontario $239,600 +30.9%
Sacramento-Arden Arcade-Roseville $237,000 +39.2%

Philadelphia-Camden-Wilmington $227,200 +3.4%
Chicago-Naperville-Joliet $201,300 +7.2%
Minneapolis-St Paul-Bloomington $199,600 +14.4%
Houston-Baytown-Sugar Land $189,000 +12.3%
Phoenix-Mesa-Scottsdale $183,300 +23.5%
Dallas-Ft Worth-Arlington $181,800 +11.5%
Charlotte-Gastonia-Concord $180,100 +9.4%
Las Vegas-Paradise $171,800 +31.4%
Orlando $161,100 +18.4%
Kansas City $159,600 +7.5%
Tampa-St Petersburg-Clearwater $145,700 +1.0%
Cincinnati-Middletown $143,800 +6.2%
Atlanta-Sandy Springs-Marietta $143,300 +38.9%
Indianapolis $139,700 +3.4%
St Louis $136,600 +1.5%
Cleveland-Elyria-Mentor, OH $122,700 +18.1%
The percentage growths for California metros are stellar; head and shoulders above most metros. The California housing market is bouncing back furiously, along with the rest of the Southwest.
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Old 08-12-2013, 06:47 PM
 
Location: Boston Metrowest (via the Philly area)
4,265 posts, read 7,189,266 times
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Interesting numbers, thanks for posting.

Not to burst the bubble (no pun intended) of the California folks, but, while the housing market is clearly recovering strongly there, those percentages seem unhealthily high.

Of course, increasing housing values are generally a good thing, but when they increase too quickly -- particularly when income is not increasing at a similar level -- it's definitely not sustainable.
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Old 08-12-2013, 07:15 PM
 
6,385 posts, read 10,362,926 times
Reputation: 6528
Quote:
Originally Posted by HtownLove View Post
Surprised that ATL is still so affordable
What's surprising to me is how many Southern metros are ahead of it.

750k+ metros in the South

Miami - $251,000
Austin - $231,300
Virginia Beach - $200,000
Raleigh - $198,800
Houston - $189,000
Dallas - $181,800
Charlotte - $180,100
New Orleans - $176,900
Nashville - $175,500
Baton Rouge - $173,900
Birmingham - $173,700
Jacksonville - $166,500
Orlando - $161,100
Greenville - $159,600
Knoxville - $152,600
Oklahoma City - $149,100
Columbia - $148,200
Tulsa - $146,900
Louisville - $146,200
Tampa - $145,700
Atlanta - $143,300
Memphis - $136,200

No data on Richmond. And no, this isn't the start of a 'what's in the South' discussion.
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Old 08-12-2013, 07:28 PM
 
Location: Up on the moon laughing down on you
18,509 posts, read 27,244,461 times
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Quote:
Originally Posted by nashvols View Post
What's surprising to me is how many Southern metros are ahead of it.
Im kinda jealous.
Its still very affordable while the others are getting up there
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Old 08-12-2013, 07:31 PM
 
6,385 posts, read 10,362,926 times
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Quote:
Originally Posted by HtownLove View Post
Im kinda jealous.
Its still very affordable while the others are getting up there
It's a double-edged sword. While on one hand it can be desirable to be affordable...for such a large metro to have sales at that level means that the real estate market is probably still pretty bad, and homes are not appreciating at the same levels they are in peer markets.

But -- it probably wouldn't be a bad time to invest in Atlanta real estate.
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Old 08-12-2013, 08:19 PM
 
411 posts, read 583,133 times
Reputation: 458
The Bay Area (i.e., SF and SJ) is insane for housing prices. NIMBYism and anti-growth policies have created a huge undersupply of housing...probably about 1 million units total. The area is now building up, but it's in response to even faster growing demand

High housing costs are a much bigger problem for California than the state's high taxes
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