San Francisco Real Estate - Residential

Fast Facts from CAR and Freddie Mac - November 2007

As California home prices keep dropping, it makes us realize how lucky we are to live in the San Francisco Bay Area! Properties continue to sell for over the asking price and may times with multiple offers!

- Janis Stone

Calif. median home price - November 07: $488,640 (Source: C.A.R.) (note: compared to $497,110 last month)

Calif. highest median home price by C.A.R. region October 07: Santa Barbara So. Coast $1,075,000 (Source: C.A.R.) (note: compared to $1,325,000 last month)

Calif. lowest median home price by C.A.R. region October 07: High Desert $262,650 (Source: C.A.R.) (note: compared to $265,880 last month)

Calif. First-time Buyer Affordability Index - Third Quarter 07: 24 percent (Source: C.A.R.) (note: compared to 07:25 first quarter and 7:24 second quarter)

Mortgage rates - week ending 12/20:

• 30-yr. fixed: 6.14%; Fees/points: 0.4% (note: compared to 6.2% and 0.5% points last report)
• 15-yr. fixed: 5.79%; Fees/points: 0.4% (note: compared to 5.83% and 0.5% points last report)
• 1-yr. adjustable: 5.51%; Fees/points: 0.6% (note: compared to 5.42% and 0.6% points last report)

- California Association of Realtors & Freddie Mac

posted by SFResidence.com @ 8:46 AM