Things to Know

Here is an interesting excerpt from the otherwise depressing article issued October 24, 2007 by the California Association of Realtors.

• Statewide, the 10 cities and communities with the highest median home prices in California during September 2007 were: Newport Beach, $1,435,000; Los Gatos, $1,228,000; Cupertino, $1,050,000; Danville, $1,004,000; Redondo Beach, $847,500; San Clemente, $830,000; Yorba Linda, $825,000; Arcadia, $805,000; San Rafael, $797,500; and Santa Monica, $796,500.
• Statewide, the 10 cities and communities with the greatest median home price increases in September 2007 compared with the same period a year ago were: Tustin, 19.7 percent; Los Angeles, 18.2 percent; Arcadia, 14.2 percent; Carlsbad, 11.1 percent; Laguna Niguel, 10.1 percent; Diamond Bar, 8.7 percent; Cupertino, 8.4 percent; Redondo Beach, 8 percent; Reedley, 7.1 percent; and Newport Beach, 6.3 percent.

This is just another indication that prices of property located in desirable areas are holding steady or increasing even during the current real estate downturn.

Posted by Allan Heller 
Unlimited MLS access at OC-CoastalProperties.com
Real estate services in Corona del Mar, Laguna Beach, Newport Beach and Newport Coast

This entry was posted on Thursday, November 1st, 2007 at 10:16 PM and is filed under Housing Market. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.