On May 10, 2016 Bankrate.com published the following table of median sales price of existing single family homes in these California Metropolitan areas:
Anaheim-Santa Ana- Irvine $713,700
Los Angeles-Long Beach-Santa Ana $458,900
Riverside-San Bernardino-Ontario $297,900
Sacramento-Arden-Arcade-Roseville $297,600
San Diego-Carlsbad $554,300
San Francisco-Oakland-Fremont $770,300
San Jose-Sunnyvale-Santa Clara $970,000
These first quarter 2016 results represented an average 7.1% home price rise. The overall median sales price was $315,900.
How does this compare to your neighborhood?
Source: National Association of Realtors
Also, Oregon and Washington had huge, double-digit year over year growth rates in home prices. Overall, home prices in April were 7.9% below the 2006 peak. Listen to a 37 second audio here:
www.corelogic.com/blog/default3.aspx#.V21rg7grLIU.
