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Old 04-17-2021, 12:53 AM
 
Location: Flovis
1,327 posts, read 539,766 times
Reputation: 1246

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https://blueequity.io/r/199000

Every major region set a new record-high median price in March 2021 and continued to increase from last year by double digits. The Central Coast region posted the highest year-over-year growth rate of 26.4 percent, followed by the San Francisco Bay Area (21.3 percent), Southern California (20.5 percent), the Central Valley (18.6 percent) and the Far North (12.4 percent).
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Old 04-19-2021, 06:07 PM
 
36 posts, read 18,302 times
Reputation: 47
Quote:
Originally Posted by dontbelievehim View Post
https://blueequity.io/r/199000

Every major region set a new record-high median price in March 2021 and continued to increase from last year by double digits. The Central Coast region posted the highest year-over-year growth rate of 26.4 percent, followed by the San Francisco Bay Area (21.3 percent), Southern California (20.5 percent), the Central Valley (18.6 percent) and the Far North (12.4 percent).
California is the luxury capital of the world
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Old 04-22-2021, 10:04 AM
 
Location: Piedmont, CA
34,403 posts, read 59,374,955 times
Reputation: 17825
Here is price and sales data for the Bay Area, Central Coast and Southern California.

March 2021 Median Home Price(Sales Growth 12-month period)
$758,990 State of California(+19.7%)

$1,985,000 San Mateo County(+29.7%)
$1,755,000 San Francisco County(+56.1%)
$1,627,500 Marin County(+16.3%)
$1,600,000 Santa Clara County(+44.3%)
$1,163,000 Alameda County(+45.1%)
$1,100,000 Santa Cruz County(+41.9%)
$1,075,000 Santa Barbara(+47.2%)
$1,025,000 Orange County(+30.4%)
$931,000 Monterey County(+27.0%)
$929,000 Napa County(+52.3%)
$920,000 Contra Costa County(+34.6%)
$800,000 San Diego County(+18.1%)
$770,750 Ventura County(+15.6%)
$765,000 Sonoma County(+36.4%)
$737,500 San Luis Obispo(+19.4%)
$668,220 Los Angeles County(+26.2%)
$549,000 Solano County(-3.7%)
$535,000 Riverside County(+22.5%)
$412,000 San Bernardino County(+19.7%)

The rest of the state:
https://www.car.org/aboutus/mediacen...s/mar2021sales
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Old 04-23-2021, 01:53 PM
 
1,126 posts, read 959,011 times
Reputation: 717
Quote:
Originally Posted by 18Montclair View Post
Here is price and sales data for the Bay Area, Central Coast and Southern California.

March 2021 Median Home Price(Sales Growth 12-month period)
$758,990 State of California(+19.7%)

$1,985,000 San Mateo County(+29.7%)
$1,755,000 San Francisco County(+56.1%)
$1,627,500 Marin County(+16.3%)
$1,600,000 Santa Clara County(+44.3%)
$1,163,000 Alameda County(+45.1%)
$1,100,000 Santa Cruz County(+41.9%)
$1,075,000 Santa Barbara(+47.2%)
$1,025,000 Orange County(+30.4%)
$931,000 Monterey County(+27.0%)
$929,000 Napa County(+52.3%)
$920,000 Contra Costa County(+34.6%)
$800,000 San Diego County(+18.1%)
$770,750 Ventura County(+15.6%)
$765,000 Sonoma County(+36.4%)
$737,500 San Luis Obispo(+19.4%)
$668,220 Los Angeles County(+26.2%)
$549,000 Solano County(-3.7%)
$535,000 Riverside County(+22.5%)
$412,000 San Bernardino County(+19.7%)

The rest of the state:
https://www.car.org/aboutus/mediacen...s/mar2021sales
That's extremely-IMPRESSIVE for Orange County. Once upon a time in year 1996, when home prices bottomed, the median was only $185,000. I know all the Chinese investors are laughing at this... (before they moved into Irvine).

Yes, happy Clinton days are indeed over...
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Old 04-23-2021, 02:13 PM
 
1,126 posts, read 959,011 times
Reputation: 717
Quote:
Originally Posted by 18Montclair View Post
$1,100,000 Santa Cruz County(+41.9%)

The rest of the state:
https://www.car.org/aboutus/mediacen...s/mar2021sales
Another excellent reason why the University of California system needs to shift away from investing in the Santa Cruz campus, but instead into Riverside campus instead. For the first time ever in history, UC Riverside is now rated higher in US News best colleges than UC Santa Cruz. I hope they keep it this way.
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Old 04-23-2021, 02:18 PM
 
10,641 posts, read 6,622,230 times
Reputation: 28089
Quote:
Originally Posted by waltchan View Post
That's extremely-IMPRESSIVE for Orange County. Once upon a time in year 1996, when home prices bottomed, the median was only $185,000. I know all the Chinese investors are laughing at this... (before they moved into Irvine).

Yes, happy Clinton days are indeed over...
We bought in OC in 1997 just as this "bottom" was ending. Our house was $160k and I never saw another model like ours go that low. However, I'm sorry to say the current value is not up to the Orange County median price yet.
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Old 04-23-2021, 02:25 PM
 
1,126 posts, read 959,011 times
Reputation: 717
Quote:
Originally Posted by saibot View Post
We bought in OC in 1997 just as this "bottom" was ending. Our house was $160k and I never saw another model like ours go that low. However, I'm sorry to say the current value is not up to the Orange County median price yet.
The higher-end of home prices are located in Irvine and Newport Beach area, so that widens the gap difference tremendously in very-large numbers.

Example: https://www.zillow.com/homedetails/6...25136799_zpid/

Some of the cheapest-homes in Orange County have lower median price than in Los Angeles county. Location varies...

Example: https://www.zillow.com/homedetails/1...25092455_zpid/

But, it wasn't like this in 1996 before, when homes used to look identical to one another.
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Old 04-23-2021, 04:50 PM
 
10,641 posts, read 6,622,230 times
Reputation: 28089
Quote:
Originally Posted by waltchan View Post
The higher-end of home prices are located in Irvine and Newport Beach area, so that widens the gap difference tremendously in very-large numbers.

Example: https://www.zillow.com/homedetails/6...25136799_zpid/

Some of the cheapest-homes in Orange County have lower median price than in Los Angeles county. Location varies...

Example: https://www.zillow.com/homedetails/1...25092455_zpid/

But, it wasn't like this in 1996 before, when homes used to look identical to one another.
Oh, I don't know about that. I grew up in a tract area built in the 1960s in La Habra with ranch style houses, but our house had been custom built by the developer for his own family and it had two stories and was different from all the others. And here and there around the area, integrated into the tracts, were old Victorian houses left over from when it had all been citrus groves. Houses in the nearby hills were bigger, split level, and all different from each other. Cities like Orange and Fullerton had the bungalow style, and the beach cities were already considerably more expensive than elsewhere. I wouldn't say everything in OC was similar and had similar value.

Incidentally, my parents sold the family house in 1998 when the market was still quite low. It was a biggish place (3600 sq ft) and was listed at first for $500k. I was astounded by this price. At that time, I couldn't imagine anyone buying a house in La Habra for half a million dollars. And, apparently, neither could anyone else, because after some months on the market the price was lowered. It ended up selling for $360k. $100 per square foot. It's painful to think about.
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Old 04-23-2021, 05:15 PM
 
1,126 posts, read 959,011 times
Reputation: 717
Quote:
Originally Posted by saibot View Post
Incidentally, my parents sold the family house in 1998 when the market was still quite low. It was a biggish place (3600 sq ft) and was listed at first for $500k. I was astounded by this price. At that time, I couldn't imagine anyone buying a house in La Habra for half a million dollars. And, apparently, neither could anyone else, because after some months on the market the price was lowered. It ended up selling for $360k. $100 per square foot. It's painful to think about.
This must value at over $1.3 million today. How embarassing...
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Old 04-23-2021, 06:18 PM
 
4,478 posts, read 1,679,383 times
Reputation: 4066
Quote:
Originally Posted by dontbelievehim View Post
https://blueequity.io/r/199000

Every major region set a new record-high median price in March 2021 and continued to increase from last year by double digits. The Central Coast region posted the highest year-over-year growth rate of 26.4 percent, followed by the San Francisco Bay Area (21.3 percent), Southern California (20.5 percent), the Central Valley (18.6 percent) and the Far North (12.4 percent).
Not sure what else you expect when policies are restricting supply and demand goes up to natural population growth.
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