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blackhawk: History of Home Prices and Interest Rates - 02/08/10 05:13 PM
I couldn't wait to see what the graph looked like this year as 2009 was a down year for home prices across the country. In normal markets, when interest rates are low (see history of interest rate chart below), home prices normally increase. Even at the previous historic low in 1963 rates were around 6%. Last year they averaged just under 5%. The government has kept interest rates artificially low. There is always a price to pay when the government interferes in the markets. Unintended consequences can be expected later this year and in future years.
Here are the actual percentage decreases in home … (2 comments)
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blackhawk: History of Home Prices and Interest Rates - 02/18/09 08:21 PM
Average Selling Price for Detached Single Family Homes
Average selling price, since 1983, for detached single family homes for the towns of Alamo, Blackhawk, Danville, San Ramon and Walnut Creek, California, with corresponding inserted interest rate chart.
I've charted and graphed price changes for the last 25 years in these areas. It's interesting to note that if you were to project a line at an angle aligning the most stable years you'll see we're still about 25% higher now than we should be, but that's just my opinion.
Take a look at the interest rate chart which goes back to 1963. Current interest rates … (2 comments)
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blackhawk: Blackhawk California - 02/10/07 01:06 PM
Blackhawk rests at the foot of the Mt. Diablo foothills covering 6,500 acres, just east of Danville. Blackhawk is a prestigious, country club community, popular with entrepreneurs and professionals. The community was developed by Ken Behring, the former owner of the Seattle Seahawks and consists of primarily custom homes and some condominiums. the 1989 census counted 1,824 housing units of which about half are single family homes with 9 or more rooms. Since then the numbers have risen to 2,383 housing units.
Blackhawk offers the very best in amenities, architecture and views. Two 18 hole championship golf courses, 20 lighted tennis … (0 comments)
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blackhawk: Updated History of Home Prices, Contra Costa County - 12/29/06 06:05 PM
As a real estate broker, it's my responsibility to provide my clients with the information they need to make informed decisions. I use Microsoft Excel to chart and graph the average yearly contract interest rate and sold price of single family homes in Alamo, Blackhawk, Danville, San Ramon and Walnut Creek.
When home prices and interest rates are displayed in chart format, it's much easier to educate prospective buyers and sellers about the real estate market. But more importantly, it shows what a fantastic investment real estate is, especially considering it's usually a leverage investment. An interest rate chart is included showing rates from 1983 … (1 comments)
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Gene Ward
Danville,
CA
More about me…
Area Pro Realty NorCal
Address: 425 El Pintado Road, Suite 170, Danville, CA, 94526
Office Phone: (925) 552-1222
Cell Phone: (925) 890-6278
Email Me
Information and real estate market statistics for Alamo, CA. An inside look into the truth about real estate. How to find the right properties and negotiate the best deals. Real Estate professionals of Area Pr Reaty NorCal.
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