San Francisco Real Estate - Residential

Fast Facts from CAR and Freddie Mac - July 2007

Here we are in September and the C.A.R. has just released the numbers for July. As you can see from the numbers below that, all in all, San Francisco real estate is alive and doing well compared to the rest of the state. As we found from attending the Coldwell Banker Previews Retreat in Monterey last month, many other areas of California are feeling the pressures of a slowing market. Not so in San Francisco. If anything, the absence of inventory is driving prices up.

- Janis Stone

Calif. median home price - July 07: $586,030 (Source: C.A.R.) (note: compared to $594,260 last month)

Calif. highest median home price by C.A.R. region July 07: Santa Barbara So. Coast $1,100,000 (Source: C.A.R.) (note: compared to $1,375,000 last month)

Calif. lowest median home price by C.A.R. region July 07: High Desert $296,220 (Source: C.A.R.) (note: compared to $306,310 last month)

Calif. First-time Buyer Affordability Index - Second Quarter 07: 24 percent (Source: C.A.R.) (note: compared to 07:25 last quarter)

Mortgage rates - week ending 9/6:

• 30-yr. fixed: 6.46%; Fees/points: 0.5% (note: compared to 6.73% and 0.4% points last report)
• 15-yr. fixed: 6.15%; Fees/points: 0.5% (note: compared to 6.39% and 0.4% points last report)
• 1-yr. adjustable: 5.74%; Fees/points: 0.6% (note: compared to 5.71% and 0.5% points last report)

- California Association of Realtors & Freddie Mac

posted by SFResidence.com @ 8:01 AM