Having up-to-date good data is an important tool to help gauge the market, spot opportunity and make smart and informed decisions. But like all things there are stories, trends and further analysis behind the raw numbers. Feel free to call me with any questions on how to best incorporate this market data in your search or sale.
Here are some graphs and charts which display up to the minute information about the Bay Area real estate market.
The MEDIAN SALES PRICE is that price at which half the properties sold for more and half for less. It may be affected by “unusual” events or by changes in buying trends, as well as by changes in value.
LOW PRICE AND HIGH PRICE are self-explanatory, but the low price might be for a property that needs significant work just to be habitable. Within a single neighborhood, it is possible for the low and high prices to be very far apart – the difference is wide between a small, distressed, bank-owned 2-bedroom house and a large, pristine 4-bedroom home with a big lot.
DOLLAR PER SQUARE FOOT is based upon the home’s interior living space and does not include garages, storage, unfinished attics and basements; rooms and apartments built without permit; decks, patios or yards. These figures are typically derived from appraisals or tax records, but can be unreliable, measured in different ways, or unreported altogether: thus consider square footage and $/sq.ft. figures to be very general approximations. All things being equal, a smaller home will at times have a higher $/sq.ft. than a larger one.
Confused? Call me and I will sort it out for you.
MARKET DATA BY LOCATION
Click on a map location for current median prices.
DETAILED REPORTS BY ZIP CODE