California Home Prices [Infographic]
Very interesting, although it only goes up to 2012. Substantial increases since then. We are at pre-buuble levels now, or above incertain areas, like the Bay Area.
Here is an Infographic designed by the California Association of Realtors which whows a housing price history from 1970. Sadly, it reveals that the most recent ten year period shows a lost decade of appreciation. Perhaps I shoouldn't say sadly, as now is a time to buy for people who have been sitting on the fence.
Keep in mind that as the cost to build a home--including the cost of the underlying land-- will most likely continue to rise, home prices will most likely increase. However, also keep in mind that "Market Value" determines the price of housing, not what it costs to make...
Also note that this represents the median price, which is that half the houses sold for more, and half the houses sold for less.
Gary Frimann
Broker / Owner
EAGLE RIDGE REALTY /
Signature Homes & Estates
"Our Performance Will Move You!"
(408) 846-8284
Eagle Ridge Golf Community
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