Things to Know

Here is an interesting excerpt from the another depressing article issued November 28, 2007 by the California Association of Realtors.

• Statewide, the 10 cities and communities with the highest median home prices in California during October 2007 were: Newport Beach, $1,575,000; Santa Barbara, $1,275,000; Cupertino, $1,033,000; Danville, $1,017,500; Los Gatos, $1,005,000; San Carlos, $927,500; Redwood City, $912,000; San Ramon, $835,000; San Clemente, $832,500; and San Mateo, $829,500.
• Statewide, the 10 cities and communities with the greatest median home price increases in October 2007 compared with the same period a year ago were: Santa Barbara, 24.4 percent; Arcadia, 21.3 percent; Redwood City, 20.6 percent; Newport Beach, 18.4 percent; San Ramon, 14.4 percent; Cupertino, 11.7 percent; San Carlos, 9.5 percent; Redlands, 8.8 percent; Redondo Beach, 8.7 percent; and Sunnyvale, 7.6 percent.

This is just another indication that prices of property located in desirable areas continue to hold steady or increase 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 29th, 2007 at 2:54 pm and is filed under Housing Market. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.