trends oct. 2011: lengthy time on market keeping short sale inventory high

8/3/2019 Trends Oct. 2011: Lengthy Time on Market Keeping Short Sale Inventory High

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Volume 32, Number 10 October 2011

Lengthy Time on Market Keeping Short Sale Inventory High


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Quick Reference

Housing Market Indicator

Median Home Sales Price

Housing Supply

Unsold Inventory Index

Affordability Index

TRENDSCopyright 2011,

CALIFORNIA ASSOCIATION OF REALTORS ,

All rightsReserved

525 South Virgil Avenue Los Angeles, CA 90020 Phone (213) 739-8200

Fax (213) 480-7724

www.car.org

Written inquiries regarding this publication should be directed to:

Alma Menchaca Research & Economics

[email protected] 213-739-8352

Lengthy Time on Market Keeping Short Sale Inventory High

Volume 32, Number 10 October 2011

By: Oscar Wei, Senior Research Analyst

California home sales declined slightly on a month-to-month basis, but continued to improve year-over-year forthe third consecutive month in September. There were 487,940 sales of existing single-family homes in Sep-tember, an increase of 4.1 percent from September of last year, but a decrease of 2.1 percent from 498,320 salesin August. The statewide median price dropped 3.2 percent from August and declined in year-to-year terms forthe eleventh consecutive month, falling 8.3 percent from $313,460 to $287,440.

The supply of housing continued to be lean at the statelevel, with an unsold inventory index of 5.1 monthsfor September, a slight increase from 5 months inAugust but a decline from 5.9 months in the samemonth of last year. However, inventory levels variedconsiderably across segments of the market. As dis-cussed in last months article, inventory levels aretightest for Real Estate Owned (REO) properties,followed by equity or non-distressed sales, with shortsale inventory considerably higher. In September, theunsold inventory index levels for these categorieswere 2.6, 5.9, and 7.9 months respectively. But withthe short sale median price averaging nearly 40 per-cent higher than the REO median price since the startof the year, the question arises, why are short saleinventories so much higher than inventory levels forthe other categories?

Looking deeper into the numbers, a large number of properties in the short sale inventory show some typeof contingent status. In September, 28 percent of theshort sale inventory about 2.2 months of unsoldinventory - had a contingent status. By comparison,contingent sales made up 11 percent of the equity saleinventory (0.7 months) and 7 percent of REO proper-ties (0.2 months) in the same month. In general, list-ings with a contingent status are properties that re-ceived an offer under the requirement that certain

conditions are met. For many of the short sale proper-ties, the contingency is that lenders approval is re-quired.

Short sales contingent inventory has been at a rela-tively high level primarily because many of theseproperties stay on the market much longer than equitysales and REO sales. In September, an equity saletypically stayed on the market for 52 days beforeopening escrow, an REO remained on the market for36 days, but a short sale property stayed on the marketfor 111 days. Short sales stay on the market for amuch longer time frame because of the additional

time needed for lenders to approve a short sale offer.There are multiple reasons for the long approval process:

Lenders may not be devoting enough staff thandle the ongoing volume of short salesThe loan on the short sale property may be bundled into mortgage-backed securities, making itmore time consuming for the mortgage servicerto identify the owner of the mortgage and obtainpermission to sell the propertyLenders may be waiting to see if they could get abetter deal through a foreclosure sale than the

short sale offerLenders may agree to list a property as a shorsale while also pursuing foreclosure on thaproperty in anticipation of an insurance payout tocover the loss of the property through mortgageinsurance.

The inventory level for short sales is likely to remainhigh in the foreseeable future as long as the log jamsituation mentioned above remains an issue with thelenders.

Unsold Inventory Index(Equity Sales, REO, & Short Sales)

0

1

2

3

4

5

6

7

8

Equi ty Sale s REO Sales Short Sales

5.2 months,89%

2.4 months,93%

5.7 months,72%

0.7 months,11%

0.2 months,7%

2.2 months,28%

Active/Pending ContingentUnsoldInventory Index(Months)


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SALES BY PRICE RANGE AND NUMBER OF BEDROOMS (DETACHED)Price Brackets Percent of Monthly Total

Sep 11 Aug 11 Sep '10$ 79,999 or less` 6.1% 5.9% 5.0%$ 80,000-$119,999 7.7% 7.8% 6.4%$120,000-$159,999 10.0% 9.9% 9.1%$160,000-$199,999 9.5% 9.6% 9.0%$200,000-$249,999 11.0% 10.5% 10.7%$250,000-$299,999 9.7% 9.4% 9.2%$300,000-$499,999 23.4% 23.8% 25.3%$500,000-$749,999 11.9% 12.4% 13.5%$750,000-$999,999 5.2% 5.0% 5.8%$1,000,000 and over 5.3% 5.7% 6.0%Total 100.0% 100.0% 100.0%

Sales By Bedroom Category2 or fewer bedrooms 11.9% 12.2% 11.9%3 bedrooms 47.7% 47.2% 47.4%4 or more bedrooms 40.3% 40.7% 40.6%Total 100.0% 100.0% 100.0%

Page 2 TRENDS/October 2011

CALIFORNIA HOUSING MARKET INDICATORSSeptember 2011

DETACHED ATTACHED BOTH

Market Share of Sample Sales 83.50% 16.50% 100.00%

Median Time on Market 54 Days 65 Days 56 DaysPrevious Month 53 Days 58 Days 53 DaysPrevious Year 52 Days 58 Days 52 Days

Time on Market Before SaleLess than 30 days 33.80% 29.20% 33.10%31-60 days 20.10% 18.40% 19.90%61-90 days 14.80% 15.90% 14.90%91-120 days 10.10% 10.30% 10.10%Over 120 days 21.20% 26.20% 22.00%

Unsold Inventory Index 5.1 Mos. 6.1 Mos. 5.3 Mos.Previous Month 5.0 Mos. 5.2 Mos. 5.0 Mos.Previous Year 5.1 Mos. 5.4 Mos. 5.1 Mos.

Sample Median Sales Price $282,239 $227,113 $275,126Change from previous month -2.03% -2.00% -1.52%Change from previous year -8.71% -9.75% -7.88%

Sample Median List Price $378,419 $279,599 $362,112Change from previous month -0.91% -1.12% -0.96%Change from previous year -0.13% -3.99% -1.22%

County

Economic

ProfilesAvailable for 25 countiesand the state of California

Home resale activity and con-sumer confidence

Median home prices andmortgage rates

Housing Affordability index

Population and migrationtrends

Retail sales

Foreclosure ratesAND MORE - Over 20easy-to-read charts!

Each profile will afford you the mostcurrent, accurate and complete infor-mation available, showing you whereThe market is going and where youneed to be.

To view a sample CEP or to place anorder please visit the following website

ww.clarusresource.com/datamine


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CALIFORNIA MEDIAN HOME SALES PRICE AND RESALE ACTIVITYSINGLE-FAMILY DETACHED HOMES

Seasonally

Adjusted

Median Home %Chg. Over %Chg. Over Annualized %Chg. Over %Chg. Over

Sales Price Prev. Month Prev. Year Rate of Sale Prev. Month Prev. Year

September 2007 $535,760 -9.0% -3.8% 255,340 -18.5% -42.6%

September 2008 $319,310 -9.5% -40.4% 519,530 7.5% 103.50%

September 2009 $296,610 1.1% -7.1% 531,180 1.0% 2.2%

January 2010 $284,600 -7.3% 13.9% 532,870 -4.6% -11.6%February 2010 $278,190 -2.3% 13.4% 518,390 -2.7% -13.4%March 2010 $300,900 8.2% 20.5% 506,680 -2.3% 0.5%

April 2010 $307,000 2.0% 21.3% 476,150 -6.0% -6.0%May 2010 $327,460 6.7% 24.3% 551,440 15.8% 0.9%June 2010 $313,890 -4.1% 14.3% 495,780 -10.1% -3.6%July 2010 $318,550 1.5% 11.7% 438,850 -11.5% -21.0%August 2010 $320,860 0.7% 9.4% 451,520 2.9% -14.2%September 2010 $313,460 r -2.3% 5.7% 468,700 r 3.8% -11.8%October 2010 $304,220 -1.8% 2.3% 449,480 -3.7% -19.8%November 2010 $296,690 -2.5% -2.6% 491,590 9.4% -8.4%December 2010 $305,020 2.8% -0.6% 520,080 5.8% -6.9%January 2011 $279,140 -8.5% -1.9% 547,080 5.2% 2.7%February 2011 $271,320 -2.8% -2.5% 498,450 -8.9% -3.8%March 2011 $286.510 5.6% -4.8% 514,660 3.3% 1.6%April 2011 $293.800 2.5% -4.3% 500,950 -2.7% 5.2%May 2011 $292,420 -0.5% -10.7% 471,840 -5.8% -14.4%June 2011 $295,210 1.0% -6.0% 477,910 1.3% -3.6%July 2011 $294,050 -0.4% -7.7% 457,930 -4.2% 4.3%August 2011 $297,060 1.0% -7.4% 498,320 r 8.8% 10.4%September 2011 $287,440 -3.2% -8.3% 487,940 -2.1% 4.1%

TRENDS/October 2011 Page 3

UNSOLD INVENTORY INDEX(In months supply)September 2011

Detached AttachedList/Sales List/Sales

Central Valley 4.5 mo. N/A(not including Sacramento)Los Angeles 5.7 mo. 7.0 mo.Northern Wine Country 7.2 mo. 5.9 mo.Orange County 6.4 mo. 7.4 mo.Sacramento 2.2 mo. 2.2 mo.San Diego 6.4 mo. 6.6 mo.San Francisco Bay 5.0 mo. 5.1 mo.Santa Barbara 6.1 mo. 4.6 mo.California Totals 5.1 mo. 6.1 mo.

r = revised

11.1

6.8

6.3

5.6

5.1

10

6.1

6

5.4

4.7

0 2 4 6 8 10 12 14 16

$1,000K+

$750-1000K

$500-750K

$300-500K

$0-300K

P r i c e R a n g e ( T h o u s a n d s )

Months Supply

Last Year This Year

Unsold Inventory By Price RangeCalifornia - Existing Homes September 2010 vs. September 2011

SOURCE:CALIFORNIAASSOCIATION OF REALTORS


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NOTE: NA = Data temporarily not available


MEDIAN HOME SALES PRICE AND RESALE ACTIVITYDETACHED HOMES

Changes in Price Changes in SalesMedian Price Monthly % Yearly % Monthly % Yearly %

CENTRAL VALLEYSep 2009 N/A N/A N/A N/A N/ASep 2010 N/A N/A N/A N/A N/AJul 2011 N/A N/A N/A N/A N/A

Aug 2011 N/A N/A N/A N/A N/ASep 2011 N/A N/A N/A N/A N/A

HIGH DESERT

Sep 2009 $117,825 5.4% -26.2% -6.1% 11.2%Sep 2010 $124,964 -2.3% 6.1% -7.7% -33.1%Jul 2011 $117,792 2.2% -8.7% -6.4% 0.5%

Aug 2011 $121,139 2.8% -5.3% 1.9% 3.9%Sep 2011 $120,000 -0.9% -4.0% -2.0% 10.3%

LOS ANGELES

Sep 2009 $338,731 8.9% -10.3% 8.9% 5.6%Sep 2010 $355,896 5.8% 5.1% 3.8% -13.8%Jul 2011 $317,060 5.2% -4.3% -16.0% -4.7%

Aug 2011 $312,900 -1.3% -7.0% 3.4% 1.8%Sep 2011 $330,606 5.7% -7.1% 3.5% 1.4%

MONTEREY

Sep 2009 $298,935 3.4% -12.7% -9.5% 1.2%Sep 2010 $326,415 -5.8% 9.2% -1.8% -11.2%Jul 2011 $322,951 -12.3% -3.1% -13.7% -10.8%

Aug 2011 $359,230 11.2% 3.7% 10.9% -3.3%Sep 2011 $351,886 -2.0% 7.8% -8.2% -9.6%

NORTHERN CALIFORNIA

Sep 2009 $265,828 0.0% -10.2% 6.4% 3.8%Sep 2010 $247,134 -2.4% -7.0% 1.9% 3.4%Jul 2011 $222,348 -3.3% -10.1% -6.5% 14.5%

Aug 2011 $223,891 0.7% -11.5% 14.0% 24.6%Sep 2011 $228,198 1.9% -7.7% 2.4% 25.2%

NORTHERN WINECOUNTRY

Sep 2009 $342,617 -1.5% -7.2% 4.9% -2.4%Sep 2010 $358,041 -5.1% 4.5% -2.5% -3.2%Jul 2011 $324,418 1.3% -11.8% -9.3% 10.0%

Aug 2011 $330,065 1.7% -12.5% 15.5% 17.2%Sep 2011 $341,463 3.5% -4.6% -16.8% 0.0%

ORANGE COUNTYSep 2009 $541,089 0.1% 7.4% 2.9% 5.4%Sep 2010 $557,386 -0.8% 3.0% 2.9% -11.9%Jul 2011 $551,506 3.1% -3.1% -11.7% -6.1%

Aug 2011 $508,908 -7.7% -9.4% 9.0% 9.4%Sep 2011 $500,000 -1.8% -10.3% -1.6% 4.7%

Sep 2009 $159,810 -5.5% -20.0% -2.1% 1.2%Sep 2010 $169,318 -3.3% 5.9% 5.2% -7.0%Jul 2011 $160,000 -4.8% -17.7% -19.2% 3.5%

Aug 2011 $158,253 -1.1% -9.6% 9.7% 27.3%Sep 2011 $153,792 -2.8% -9.2% -12.6% 5.7%

PALM SPRINGS/LOWER DESERT


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MEDIAN HOME SALES PRICE AND RESALE ACTIVITYDETACHED HOMES


INLAND EMPIRE (RIVERSIDE/SAN BERNARDINO) *

Sep 2009 $160,702 1.3% -24.5% -6.2% -8.3%Sep 2010 $181,644 -1.0% 13.0% -3.3% -21.1%Jul 2011 $171,666 -0.7% -6.4% -10.8% 1.3%

Aug 2011 $173,666 1.2% -5.3% 8.8% 14.0%Sep 2011 $170,649 -1.7% -6.1% -8.8% 7.4%

SACRAMENTOSep 2009 $184,201 -4.1% -6.0% -3.1% -19.3%Sep 2010 $181,782 -2.7% -1.3% -4.2% -12.3%Jul 2011 $168,062 1.3% -9.7% -8.9% 15.6%

Aug 2011 $167,041 -0.6% -10.6% 8.4% 14.3%Sep 2011 $164,366 -1.6% -9.6% -5.6% 12.7%

SAN DIEGOSep 2009 $386,046 2.8% 1.9% 6.1% -2.1%Sep 2010 $388,847 1.1% 0.7% -4.4% -10.9%Jul 2011 $375,334 -0.6% -3.6% -7.2% 4.4%

Aug 2011 $369,387 -1.6% -4.0% 2.7% 5.8%Sep 2011 $364,180 -1.4% -6.3% -4.0% 6.2%

SAN FRANCISCO Bay Area **Sep 2009 $499,566 0.8% -1.7% 2.6% 11.5%Sep 2010 $521,176 -5.0% 4.3% -4.0% -14.9%Jul 2011 $494,642 -8.1% -13.1% -14.2% 0.4%

Aug 2011 $498,188 0.7% -9.2% 4.3% 12.1%Sep 2011 $482,008 -3.2% -7.5% -10.5% 4.5%

SAN LUIS OBISPO

Sep 2009 $413,793 4.9% 5.1% 3.6% 4.1%Sep 2010 $369,230 0.0% -10.8% 2.1% -2.9%Jul 2011 $355,624 -2.5% -10.0% 1.6% 24.3%

Aug 2011 $352,307 -0.9% -4.5% 6.5% 43.3%Sep 2011 $369,767 5.0% 0.1% -14.4% 20.2%

SANTA BARBARA AREASep 2009 $434,375 14.1% 16.9% 13.4% -1.5%Sep 2010 $513,889 -4.2% 18.3% 1.8% -14.9%Jul 2011 $418,750 -0.6% 4.7% 0.5% 1.0%

Aug 2011 $421,428 0.6% -21.4% 10.3% 38.0%Sep 2011 $361,363 -14.3% -29.7% -5.3% 28.3%

SANTA CLARASep 2009 $550,000 0.2% -6.8% 7.7% 17.3%Sep 2010 $608,000 -2.7% 10.5% -4.1% -21.5%Jul 2011 $607,000 -2.6% -2.9% -21.9% -13.0%

Aug 2011 $595,000 -2.0% -4.8% 10.7% 9.9%Sep 2011 $569,100 -4.4% -6.4% -14.5% -1.9%

VENTURASep 2009 $441,666 -5.3% 2.3% -8.1% 3.2%Sep 2010 $453,289 4.3% 2.6% -3.9% 5.6%Jul 2011 $421,875 -4.8% -5.0% -0.6% 7.9%

Aug 2011 $424,405 0.6% -2.3% 1.0% 7.2%Sep 2011 $415,217 -2.2% -8.4% -1.0% 10.4%

NOTE: NA = Data temporarily not available^ Z ^ : Z : correct. Sorry for theinconvenience that our error may have incurred.

^ & D E ^ &isco, San Mateo, Santa Clara, Solano andSonoma. Historical numbers have been revised to reect the change of the sample.


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TRENDS/December 2007 DOUBLE ISSUE Page 7TRENDS/December 2007

October 2003 $315,909

Page 6


NOTE: NA = Data temporarily not available ^ & D Eisco, San Mateo,

Santa Clara, Solano and Sonoma. Historical numbers have been revised to reect the change of the sample.

MEDIAN HOME SALES PRICE AND RESALE ACTIVITYATTACHED HOMES


CENTRAL VALLEY (NOT IN-CLUDING SACRAMENTO)

Sep 2009$82,857 -7.9% -36.3% 1.4% 15.4%Sep 2010 $78,499 -9.7% -5.3% -1.9% 0.7%

Jul 2011 $76,944 -7.7% -11.0% -21.8% -2.6%Aug 2011 $71,667 -6.9% -17.6% 25.2% 20.3%Sep 2011 $78,234 9.2% -0.3% -7.9% 13.0%

EAST VENTURA AREASep 2009 $332,000 7.5% 25.0% 32.2% 32.2%Sep 2010 $282,692 1.1% -14.9% -39.4% -23.1%Jul 2011 $272,222 0.0% -5.3% -17.9% -14.7%

Aug 2011 $258,928 -4.9% -7.4% 32.8% -13.3%Sep 2011 $231,249 -10.7% -18.2% -20.0% 15.3%

LOS ANGELES

Sep 2009 $268,691 -0.9% -13.4% -8.1% -6.1%Sep 2010 $257,732 -1.6% -4.1% -7.8% -6.4%Jul 2011 $239,678 -2.1% -5.4% -13.8% -14.8%

Aug 2011 $226,811 -5.4% -13.4% 23.8% 6.9%Sep 2011 $230,528 1.6% -10.6% -21.7% -9.3%

MONTEREYSep 2009 $237,499 -9.5% -26.9% 16.4% 1.4%Sep 2010 $260,714 1.9% 9.8% -26.2% -36.6%Jul 2011 $243,749 -6.3% -25.3% -20.0% -4.5%

Aug 2011 $235,714 -3.3% -7.8% -3.1% 1.6%Sep 2011 $275,000 16.7% 5.5% -1.6% 35.6%

ORANGE COUNTYSep 2009 $310,677 4.7% 0.9% 2.9% 5.6%Sep 2010 $296,391 -1.7% -4.6% 0.0% -12.6%Jul 2011 $289,361 3.5% -3.4% -11.0% -8.5%

Aug 2011 $280,942 -2.9% -6.8% 12.2% 5.7%Sep 2011 $257,000 -8.5% -13.3% -19.0% -14.4%

PALM SPRINGS/LOWER DESERT

Sep 2009 $176,363 87.6% -19.2% -40.9% 36.8%Sep 2010 $151,428 2.9% -14.1% -5.3% -4.6%Jul 2011 $164,375 2.2% -18.8% -24.9% 5.3%

Aug 2011 $143,333 -12.8% -2.6% -3.7% 17.6%Sep 2011 $156,666 9.3% 3.5% -18.8% 0.8%

SAN DIEGOSep 2009 $207,836 -7.0% -7.7% 5.2% -4.0%Sep 2010 $211,240 -4.8% 1.6% -10.0% -17.2%Jul 2011 $200,636 -9.7% -8.8% -9.7% -4.0%

Aug 2011 $201,829 0.6% -9.0% 9.3% 0.7%Sep 2011 $210,307 4.2% -0.4% -14.6% -4.4%

SAN FRANCISCO BAY **Sep 2009 $357,035 1.8% -4.6% 7.6% 28.6%Sep 2010 $339,197 -4.6% -5.0% -0.6% -14.3%Jul 2011 $310,312 0.4% -16.1% -12.6% 16.4%

Aug 2011 $296,168 -4.6% -16.7% 3.4% 18.5%Sep 2011 $301,603 1.8% -11.1% -17.5% -1.6%


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2011 Q2d , /

STATE/REGION/COUNTY Q2 2011 Q1 2011 Q2 2010CA SFH 51 53 46CA Condo/Townhomes 60 60 54Los Angeles Metropolitan Area 52 53 48Inland Empire 69 68 66S.F. Bay Area 35 39 30US 66 69 64

S.F. Bay Area Alameda 35 35 30

Contra-Costa (Central County) 26 30 21Marin 24 27 21Napa 47 48 42San Francisco 24 25 19San Mateo 21 28 20Santa Clara 32 37 28Solano 75 74 69Sonoma 46 47 40

Southern CaliforniaLos Angeles 46 46 43Orange County 31 33 27

Riverside County 64 63 60San Bernardino 77 76 74San Diego 41 40 37Ventura 41 44 39

Central Coast Monterey 55 57 52San Luis Obispo 37 40 31Santa Barbara 35 37 25Santa Cruz 32 34 26

Central Valley

Fresno 70 69 63Kings County 72 71 62Madera 72 68 67Merced 76 76 73Placer County 64 64 58Sacramento 72 71 65Tulare 73 72 66

TRENDS/October 2011 Page


9/27


2011 Q2First-

, /STATE/REGION/COUNTY Q2 2011 Q1 2011 Q2 2010

CA SFH (SAAR) 71 72 65CA Condo/Townhomes 78 77 71Los Angeles Metropolitan Area 72 71 66Inland Empire 84 83 79S.F. Bay Area 60 63 52US 82 82 78

S.F. Bay Area Alameda 60 59 52Contra-Costa (Central County) 53 56 44Marin 46 50 38Napa 71 70 63San Francisco 46 46 37San Mateo 46 53 41Santa Clara 59 62 52Solano 88 87 83Sonoma 70 70 62Southern CaliforniaLos Angeles 67 65 61Orange County 57 58 50Riverside County 81 80 76San Bernardino 88 87 85San Diego 64 63 58Ventura 67 68 61Central Coast Monterey 76 77 72San Luis Obispo 61 63 53Santa Barbara 59 60 46Santa Cruz 57 58 46Central ValleyFresno 83 83 78Kings County 86 85 79Madera 86 82 81Merced 87 87 84Placer County 82 81 76Sacramento 85 84 80Tulare 86 85 80


10/27

Los Angeles Antelope Valley, Arcadia,Citrus Valley, Downey, Glendale, LA Pa-cific West, Montebello, Rancho Southeast,San Fernando Valley, Santa Clarita, SouthBay, South Pasadena, Tri-Counties, andWest San Gabriel Valley

San Francisco Bay Area Bay East,Berkeley, Contra Costa, Marin, Napa, Oak-land, San Francisco, San Mateo, North &South Solano, Santa Clara and Sonoma

San Diego Coronado, E. San Diego, NSan Diego, Pacific Bay Cities, and SanDiego.

Orange County Huntington Beach-Fountain Valley, Orange Coast, PacificWest, and S. Orange.

Central Valley --- Amador, Bakersfield,Fresno, King, Lodi, Madera, Mariposa,Tuolumne, Tulare/Visalia, Manteca,Merced, Modesto, Oakdale, Sacramento,Stockton, Tracy and Turlock.

Palm Springs/Lower Desert CaliforniaDesert and The Desert Communities

Monterey Monterey and Santa Cruz

The detached home sales and price data contained in the California Real Estate Trendsis compiled on the basis of monthly reports from 76 individual and regionalized multiplelisting services and Boards of REALTORS as listed below. Regional data is not season-ally adjusted. Reported month-to-month changes in sales activity may overstate actualchanges because of the small size of individual samples. Movement in sales pricesshould not be interpreted as measuring changes in the cost of a standard home. Pricesare influenced by changes in costs and variations in the characteristics and size of homes

actually sold.


Northern Wine Country Mendocino,Napa, and Sonoma.

Northern California Chico, Humboldt,Lake County, Paradise, Placer, Siskiyou, andTahoe Sierra.

Riverside/San Bernardino Barstow, Cali-fornia Desert, the Desert Counties, Corona/ Norco, East Valley, Redlands, Rim of theWorld, Riverside, South West Riverside, SanBernardino Valley, Victor Valley and Yucai-pa.

Ventura Conejo Valley, Simi Valley, andVentura

Santa Barbara Lompoc Valley, SantaBarbara, Santa Maria and Santa Ynez

High Desert Area Antelope Valley,Barstow, and Victor Valley

San Luis Obispo Atascadero, Paso Ro-bles, Pismo Coast, San Luis Obispo andScenic Coast

California Real Estate TRENDS newsletter ispublished monthly by the Research & Econom-ics Department of the CALIFORNIA ASSOCIA-TION OF REALTORS. Annual Subscriptionsare available for REALTORS and affiliates.Non-members :$90.00 e-mailed and $110 hardcopy. Individual copies are available for $18each. California residents add 9.75% sales tax.

Data which appears in California Real EstateTrends is presented as a service to subscrib-ers. Permission to reprint material in this issuemust be requested by contacting the editors at(213) 739-8352.

The Research & Economics Department ofC.A.R. would like to express their appreciationto the participating Boards/Associations ofREALTORS and multiple listing services fortheir cooperation.

CALIFORNIA ASSOCIATION OF REALTORS 525 S. Virgil Avenue,Los Angeles, CA 90020

To order, please complete the following:

Make checks payable to: California Association of REALTORS 525 S. Virgil Ave, Los Angeles, CA 90020 Attention: Research & Economics (Subscription for Trends Monthly Newsletter)

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11/27

DataQuick Monthly Median Price Tables

County/City/Area Sep-11 Sep-10Y-T-Y %Change

ALAMEDA $475,000 $580,000 -18.1%ALBANY $445,000 $530,000 -16.0%BERKELEY $607,000 $646,500 -6.1%CASTRO VALLEY $436,000 $422,000 3.3%DUBLIN $410,500 $555,000 -26.0%EMERYVILLE $264,500 $280,000 -5.5%FREMONT $429,000 $459,000 -6.5%HAYWARD $251,000 $260,000 -3.5%LIVERMORE $370,000 $400,000 -7.5%NEWARK $295,000 $365,000 -19.2%OAKLAND $215,000 $235,000 -8.5%PLEASANTON $663,000 $648,000 2.3%SAN LEANDRO $300,000 $295,000 1.7%

SAN LORENZO $285,000 $276,000 3.3%SUNOL $665,000 $387,000 71.8%UNION CITY $372,000 $335,000 11.0%Butte County $172,500 $172,500 0.0%CHICO $229,500 $230,500 -0.4%DURHAM $371,307 $330,100 12.5%FOREST RANCH $360,000 n/a n/aGRIDLEY $130,000 $89,250 45.7%MAGALIA $117,000 $125,000 -6.4%OROVILLE $112,250 $124,500 -9.8%PARADISE $148,000 $161,000 -8.1%Contra Costa County $252,000 $290,000 -13.1%ALAMO $975,000 $1,200,000 -18.8%

ANTIOCH $177,000 $205,000 -13.7%BETHEL ISLAND $193,500 $185,000 4.6%BRENTWOOD2 $289,000 $290,000 -0.3%CLAYTON $497,000 $577,500 -13.9%CONCORD $238,000 $245,000 -2.9%DANVILLE $774,250 $835,000 -7.3%DISCOVERY BAY $300,000 $311,000 -3.5%EL CERRITO $490,000 $467,500 4.8%EL SOBRANTE $260,000 $236,500 9.9%HERCULES $280,000 $350,000 -20.0%LAFAYETTE $935,000 $850,000 10.0%MARTINEZ $239,500 $310,500 -22.9%MORAGA $752,500 $715,000 5.2%OAKLEY $175,000 $240,000 -27.1%ORINDA $885,000 $990,500 -10.7%PINOLE $209,500 $235,000 -10.9%PITTSBURG $150,000 $185,000 -18.9%PLEASANT HILL $433,500 $395,000 9.8%RICHMOND $133,500 $146,500 -8.9%RODEO $264,500 $251,500 5.2%SAN PABLO $157,750 $176,500 -10.6%SAN RAMON $644,250 $585,000 10.1%WALNUT CREEK $440,000 $530,000 -17.0%El Dorado County $233,500 $282,500 -17.4%CAMINO $208,000 $145,000 43.5%


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COOL $166,000 $212,000 -21.7%DIAMOND SPRINGS $200,000 $190,000 5.3%EL DORADO $180,000 $248,000 -27.4%EL DORADO HILLS $424,500 $446,250 -4.9%GARDEN VALLEY $137,500 n/a n/aGEORGETOWN $170,000 $156,750 8.5%GRIZZLY FLATS $84,500 $203,000 -58.4%PLACERVILLE $156,000 $182,500 -14.5%POLLOCK PINES $137,000 $167,500 -18.2%RESCUE $299,000 $148,000 102.0%SHINGLE SPRINGS $207,500 $260,000 -20.2%SOMERSET $84,500 $162,500 -48.0%SOUTH LAKE TAHOE $230,000 $289,000 -20.4%

TAHOMA $348,500 $210,000 66.0%Fresno County $150,000 $160,000 -6.3%AUBERRY $109,000 $127,000 -14.2%CLOVIS $215,250 $239,000 -9.9%COALINGA $155,000 $128,000 21.1%FIREBAUGH $147,500 $131,000 12.6%FOWLER $90,000 $190,000 -52.6%FRESNO $135,000 $148,000 -8.8%HURON $135,100 n/a n/aKERMAN $140,000 $150,000 -6.7%KINGSBURG $132,500 $165,000 -19.7%MENDOTA $106,500 $106,000 0.5%ORANGE COVE $55,000 $114,500 -52.0%

PARLIER $78,500 $97,000 -19.1%REEDLEY $163,000 $115,000 41.7%RIVERDALE $106,250 $114,000 -6.8%SAN JOAQUIN $79,000 $55,000 43.6%SANGER $153,500 $166,000 -7.5%SELMA $115,750 $141,000 -17.9%SHAVER LAKE $415,000 n/a n/aSQUAW VALLEY $125,000 $81,500 53.4%TOLLHOUSE $149,500 $211,000 -29.2%TRANQUILLITY $70,000 n/a n/aHumboldt County $230,000 $231,000 -0.4%ARCATA $260,000 $273,000 -4.8%EUREKA $220,000 $193,500 13.7%FORTUNA $197,500 $215,000 -8.1%MCKINLEYVILLE $250,000 $250,000 0.0%RIO DELL $339,545 $187,500 81.1%TRINIDAD $375,000 $320,000 17.2%WHITETHORN $289,500 n/a n/aImperial County $130,000 $132,500 -1.9%BRAWLEY $129,000 $152,500 -15.4%CALEXICO $125,000 $132,500 -5.7%CALIPATRIA $55,000 n/a n/aEL CENTRO $120,000 $124,000 -3.2%HEBER $138,000 $156,000 -11.5%HOLTVILLE $81,000 $74,500 8.7%


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IMPERIAL $175,000 $140,000 25.0%WESTMORLAND $84,000 n/a n/aKern County $125,500 $130,000 -3.5%ARVIN $99,000 $105,000 -5.7%BAKERSFIELD $130,000 $133,000 -2.3%CALIENTE $147,000 $370,000 -60.3%CALIFORNIA CITY $56,250 $59,000 -4.7%DELANO $131,250 $115,000 14.1%FRAZIER PARK $158,000 $146,000 8.2%LAKE ISABELLA $125,000 $119,000 5.0%LAMONT $51,500 $64,000 -19.5%LEBEC $137,000 n/a n/aMC FARLAND $165,000 $165,000 0.0%

RIDGECREST $142,500 $167,500 -14.9%ROSAMOND $110,000 $105,000 4.8%SHAFTER $108,000 $136,500 -20.9%TAFT $56,500 $45,500 24.2%TEHACHAPI $150,000 $193,000 -22.3%WASCO $130,000 $107,000 21.5%WOFFORD HEIGHTS $131,250 $209,500 -37.4%Los Angeles County $315,000 $345,000 -8.7%ACTON $390,182 $410,000 -4.8%AGOURA HILLS $563,000 $750,000 -24.9%ALHAMBRA $389,000 $450,000 -13.6%ALTADENA $371,500 $591,000 -37.1%ARCADIA $720,000 $660,000 9.1%

ARTESIA $300,000 $178,500 68.1%AVALON $415,500 $485,000 -14.3%AZUSA $249,000 $245,000 1.6%BALDWIN PARK $248,000 $249,000 -0.4%BEL AIR $1,523,500 $1,115,500 36.6%BELL $218,500 $230,000 -5.0%BELLFLOWER $274,500 $309,000 -11.2%BEVERLY HILLS $1,325,000 $2,027,500 -34.7%BRENTWOOD $1,237,500 $1,549,500 -20.1%BURBANK $426,500 $475,000 -10.2%CALABASAS $950,000 $1,417,500 -33.0%CANOGA PARK $320,000 $265,000 20.8%CANYON COUNTRY $305,000 $330,000 -7.6%CARSON $277,500 $307,500 -9.8%CASTAIC $338,000 $390,000 -13.3%CERRITOS $535,000 $535,000 0.0%CHATSWORTH $322,500 $405,000 -20.4%CLAREMONT $420,000 $455,000 -7.7%COMPTON $181,000 $170,000 6.5%COVINA $281,000 $335,000 -16.1%CULVER CITY $443,750 $435,000 2.0%DIAMOND BAR $425,000 $427,500 -0.6%DOWNEY $330,000 $376,500 -12.4%DUARTE $261,500 $307,500 -15.0%EL MONTE $279,000 $307,500 -9.3%


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EL SEGUNDO $550,000 $825,000 -33.3%ENCINO $534,000 $497,500 7.3%GARDENA $279,000 $317,500 -12.1%GLENDALE $509,750 $470,000 8.5%GLENDORA $350,000 $400,000 -12.5%GRANADA HILLS $367,250 $385,000 -4.6%HACIENDA HEIGHTS $425,000 $405,000 4.9%HARBOR CITY $238,000 $407,500 -41.6%HAWAIIAN GARDENS $142,000 $195,000 -27.2%HAWTHORNE $327,500 $343,500 -4.7%HERMOSA BEACH $905,000 $1,329,250 -31.9%HUNTINGTON PARK $231,000 $217,500 6.2%INGLEWOOD $249,000 $233,500 6.6%

LA CANADA FLINTRIDGE $927,500 $990,000 -6.3%LA CRESCENTA $495,000 $525,000 -5.7%LA MIRADA $349,000 $360,000 -3.1%LA PUENTE $238,250 $258,000 -7.7%LA VERNE $300,000 $475,000 -36.8%LAKE HUGHES $100,000 $144,000 -30.6%LAKEWOOD $345,000 $380,000 -9.2%LANCASTER $135,000 $126,250 6.9%LAWNDALE $285,000 $282,000 1.1%LITTLEROCK $97,500 $95,000 2.6%LOMITA $407,000 $497,500 -18.2%LONG BEACH $284,500 $300,000 -5.2%LOS ANGELES $300,000 $310,000 -3.2%

LYNWOOD $236,750 $235,500 0.5%MALIBU $1,550,000 $1,128,750 37.3%MANHATTAN BEACH $1,137,500 $1,212,500 -6.2%MARINA DEL REY $611,250 $622,000 -1.7%MAYWOOD $180,500 $200,000 -9.8%MISSION HILLS $279,250 $279,000 0.1%MONROVIA $395,000 $428,500 -7.8%MONTEBELLO $310,000 $327,500 -5.3%MONTEREY PARK $462,000 $431,750 7.0%MONTROSE $507,500 $435,000 16.7%NEWHALL $238,000 $245,000 -2.9%NORTH HILLS $305,000 $327,500 -6.9%NORTH HOLLYWOOD $300,000 $337,000 -11.0%NORTHRIDGE $452,250 $500,000 -9.6%NORWALK $245,000 $280,000 -12.5%PACIFIC PALISADES $2,150,000 $1,817,250 18.3%PACOIMA $230,000 $225,500 2.0%PALMDALE $140,000 $144,000 -2.8%PANORAMA CITY $226,500 $260,000 -12.9%PARAMOUNT $172,500 $180,000 -4.2%PASADENA $500,000 $545,000 -8.3%PEARBLOSSOM $94,500 $136,000 -30.5%PICO RIVERA $269,000 $284,000 -5.3%PLAYA DEL REY $522,500 $511,000 2.3%POMONA $187,500 $225,000 -16.7%


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RANCHO PALOS VERDES $893,000 $900,000 -0.8%REDONDO BEACH $650,000 $620,000 4.8%RESEDA $265,000 $295,000 -10.2%ROSEMEAD $335,500 $404,500 -17.1%ROWLAND HEIGHTS $500,000 $390,000 28.2%SAN DIMAS $372,000 $400,000 -7.0%SAN FERNANDO $231,250 $229,000 1.0%SAN GABRIEL $559,000 $500,000 11.8%SAN MARINO $1,350,000 $1,647,500 -18.1%SAN PEDRO $310,000 $394,000 -21.3%SANTA CLARITA $349,000 $410,000 -14.9%SANTA FE SPRINGS $315,000 $299,000 5.4%SANTA MONICA $990,000 $784,500 26.2%

SHERMAN OAKS $681,500 $655,000 4.1%SIERRA MADRE $799,000 $555,000 44.0%SOUTH EL MONTE $297,000 $321,000 -7.5%SOUTH GATE $230,000 $245,000 -6.1%SOUTH PASADENA $750,000 $750,000 0.0%STEVENSON RANCH $548,000 $445,000 23.2%STUDIO CITY $732,500 $555,000 32.0%SUN VALLEY $251,500 $285,000 -11.8%SUNLAND $283,000 $400,000 -29.3%SYLMAR $270,000 $306,000 -11.8%TARZANA $373,977 $385,000 -2.9%TEMPLE CITY $506,000 $525,000 -3.6%TOPANGA $745,000 $1,825,000 -59.2%

TORRANCE $403,000 $487,500 -17.3%TUJUNGA $312,500 $326,000 -4.1%VALENCIA $352,500 $360,000 -2.1%VALLEY VILLAGE $321,250 $580,500 -44.7%VAN NUYS $312,500 $330,000 -5.3%VENICE $1,200,000 $850,000 41.2%WALNUT $540,000 $557,000 -3.1%WEST COVINA $319,500 $345,500 -7.5%WEST HILLS $405,114 $460,000 -11.9%WEST HOLLYWOOD $580,000 $614,000 -5.5%WESTLAKE VILLAGE $1,075,000 $903,500 19.0%WHITTIER $310,500 $339,000 -8.4%WILMINGTON $225,000 $275,000 -18.2%WINNETKA $281,500 $310,750 -9.4%WOODLAND HILLS $447,500 $472,000 -5.2%Los Angeles Selected AreasWestside $995,000 $1,256,000 -20.8%West LA $600,000 $689,000 -12.9%Downtown LA/Central City $527,500 $522,000 1.1%South LA $198,000 $205,000 -3.4%North East LA $230,000 $260,000 -11.5%San Fernando Valley SelectedSan Fernando Valley $318,250 $340,000 -6.4%West San Fernando Valley $347,500 $360,000 -3.5%Northeast San Fernando Valley $280,000 $296,000 -5.4%


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Southeast San Fernando Valley $332,000 $380,000 -12.6%Southwest Los AngelesBeach Cities $792,500 $877,000 -9.6%South Bay $505,000 $545,000 -7.3%Long Beach (90810) $242,500 $250,000 -3.0%Mar Vista $585,000 $755,000 -22.5%Palos Verdes Estates $1,100,000 $1,277,500 -13.9%Palos Verdes Peninsula Area $940,000 $1,050,000 -10.5%Westchester $659,000 $771,000 -14.5%Madera County $124,000 $138,500 -10.5%AHWAHNEE $205,000 n/a n/aCHOWCHILLA $133,500 $115,000 16.1%COARSEGOLD $161,000 $160,000 0.6%

MADERA $118,000 $131,750 -10.4%NORTH FORK $150,000 $160,000 -6.3%OAKHURST $132,000 $136,500 -3.3%Marin County $628,409 $702,500 -10.6%BELVEDERE TIBURON $2,100,000 $2,300,000 -8.7%CORTE MADERA $793,500 $846,000 -6.2%FAIRFAX $647,500 $545,000 18.8%GREENBRAE $1,070,000 $1,050,000 1.9%INVERNESS $475,000 $830,000 -42.8%LARKSPUR $710,000 $924,500 -23.2%MILL VALLEY $774,000 $794,000 -2.5%NOVATO $385,000 $465,000 -17.2%POINT REYES STATION $715,000 $475,000 50.5%

ROSS $3,266,000 $1,840,000 77.5%SAN ANSELMO $627,000 $725,000 -13.5%SAN RAFAEL $551,750 $580,000 -4.9%SAUSALITO $810,000 $763,500 6.1%STINSON BEACH $1,735,000 $1,360,000 27.6%Merced County-thru 9/23 $116,450 $120,000 -3.0%ATWATER $120,000 $119,000 0.8%DELHI $105,000 $135,500 -22.5%GUSTINE $110,000 $92,500 18.9%HILMAR $160,000 $167,500 -4.5%LIVINGSTON $130,000 $159,750 -18.6%LOS BANOS $118,000 $134,500 -12.3%MERCED $125,000 $120,000 4.2%PLANADA $75,000 $48,000 56.3%WINTON $64,000 $84,000 -23.8%Monterey County $250,227 $240,000 4.3%CARMEL $875,000 $800,000 9.4%CARMEL VALLEY $500,000 $498,750 0.3%CASTROVILLE $222,500 $220,000 1.1%GONZALES $176,500 $171,500 2.9%GREENFIELD $163,000 $124,000 31.5%KING CITY $133,250 $127,500 4.5%MARINA $290,000 $300,000 -3.3%MONTEREY $375,000 $620,000 -39.5%PACIFIC GROVE $530,000 $565,000 -6.2%


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PEBBLE BEACH $855,000 $877,500 -2.6%SALINAS $240,000 $240,000 0.0%SEASIDE $280,000 $280,000 0.0%SOLEDAD $160,000 $175,000 -8.6%Napa County $315,000 $337,000 -6.5%AMERICAN CANYON $342,550 $339,000 1.1%CALISTOGA $300,000 n/a n/aNAPA $291,000 $329,000 -11.6%SAINT HELENA $1,945,000 $675,000 188.2%YOUNTVILLE $529,500 $789,000 -32.9%Nevada County $260,750 $320,000 -18.5%GRASS VALLEY $197,000 $244,500 -19.4%NEVADA CITY $239,500 $290,750 -17.6%

PENN VALLEY $217,250 $277,500 -21.7%TRUCKEE $390,000 $450,000 -13.3%Orange County $425,000 $445,000 -4.5%ALISO VIEJO $391,500 $380,000 3.0%ANAHEIM $335,000 $355,500 -5.8%BREA $475,000 $480,000 -1.0%BUENA PARK $350,000 $370,000 -5.4%CAPISTRANO BEACH $445,750 $1,485,000 -70.0%CORONA DEL MAR $1,300,000 $1,200,000 8.3%COSTA MESA $465,000 $478,000 -2.7%CYPRESS $397,500 $449,750 -11.6%DANA POINT $620,000 $625,000 -0.8%FOOTHILL RANCH $205,000 $585,000 -65.0%

FOUNTAIN VALLEY $482,500 $521,000 -7.4%FULLERTON $366,000 $370,000 -1.1%GARDEN GROVE $355,000 $350,000 1.4%HUNTINGTON BEACH $522,500 $543,000 -3.8%IRVINE $526,500 $625,000 -15.8%LA HABRA $275,000 $325,000 -15.4%LA PALMA $530,000 $500,000 6.0%LADERA RANCH $513,500 $520,000 -1.3%LAGUNA BEACH $1,200,000 $1,125,000 6.7%LAGUNA HILLS $472,000 $375,000 25.9%LAGUNA NIGUEL $490,000 $507,500 -3.5%LAKE FOREST $364,000 $398,750 -8.7%LOS ALAMITOS $710,500 $699,000 1.7%

MIDWAY CITY $274,750 $330,000 -16.7%MISSION VIEJO $435,000 $474,000 -8.2%NEWPORT BEACH $995,000 $1,035,000 -3.9%NEWPORT COAST $1,250,000 $1,540,000 -18.8%ORANGE $421,500 $440,000 -4.2%PLACENTIA $430,000 $466,000 -7.7%RANCHO SANTA MARGARITA $385,000 $399,000 -3.5%SAN CLEMENTE $615,000 $658,250 -6.6%SAN JUAN CAPISTRANO $370,000 $440,000 -15.9%SANTA ANA $293,000 $300,000 -2.3%SEAL BEACH $711,500 $671,000 6.0%STANTON $246,000 $261,250 -5.8%


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TRABUCO CANYON $625,000 $702,500 -11.0%TUSTIN $382,500 $415,000 -7.8%VILLA PARK $760,000 $900,000 -15.6%WESTMINSTER $370,000 $420,000 -11.9%YORBA LINDA $594,000 $685,000 -13.3%Placer County $265,000 $283,500 -6.5%AUBURN $273,750 $297,500 -8.0%CARNELIAN BAY $358,000 $782,500 -54.3%COLFAX $235,000 $215,000 9.3%DUTCH FLAT $230,000 $342,000 -32.8%FORESTHILL $245,000 $240,000 2.1%GOLD RUN $167,000 n/a n/aGRANITE BAY $559,000 $524,000 6.7%

HOMEWOOD $717,000 $409,500 75.1%KINGS BEACH $218,000 $300,750 -27.5%LINCOLN $255,000 $255,000 0.0%LOOMIS $252,500 $430,000 -41.3%MEADOW VISTA $224,500 $313,500 -28.4%NEWCASTLE $305,000 $562,500 -45.8%OLYMPIC VALLEY $619,000 $450,000 37.6%PENRYN $380,000 $612,500 -38.0%ROCKLIN $261,500 $262,500 -0.4%ROSEVILLE $247,500 $281,000 -11.9%TAHOE CITY $625,000 $914,000 -31.6%TAHOE VISTA $535,000 $605,000 -11.6%Riverside County $191,000 $200,000 -4.5%BANNING $120,000 $106,000 13.2%BEAUMONT $170,000 $200,000 -15.0%BLYTHE $103,500 $145,000 -28.6%CABAZON $60,500 $79,500 -23.9%CALIMESA $165,000 $154,000 7.1%CATHEDRAL CITY $138,000 $157,500 -12.4%COACHELLA $116,000 $143,500 -19.2%CORONA $325,500 $328,000 -0.8%DESERT HOT SPRINGS $83,500 $105,500 -20.9%HEMET $110,000 $122,500 -10.2%HOMELAND $256,500 $157,500 62.9%IDYLLWILD $150,000 $148,000 1.4%

INDIAN WELLS $460,000 $485,000 -5.2%INDIO $155,000 $175,000 -11.4%LA QUINTA $244,000 $317,500 -23.2%LAKE ELSINORE $182,750 $194,750 -6.2%MECCA $52,500 $95,000 -44.7%MENIFEE $200,000 $215,000 -7.0%MIRA LOMA $257,250 $325,000 -20.9%MORENO VALLEY $155,000 $158,750 -2.4%MOUNTAIN CENTER $150,000 $286,000 -47.6%MURRIETA $240,000 $238,000 0.8%NORCO $340,000 $322,500 5.4%NUEVO $165,000 $192,000 -14.1%


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PALM DESERT $230,000 $195,000 18.0%PALM SPRINGS $218,750 $205,000 6.7%PERRIS $152,250 $169,000 -9.9%RANCHO MIRAGE $399,000 $365,000 9.3%RIVERSIDE $195,000 $200,000 -2.5%SAN JACINTO $129,750 $145,000 -10.5%SUN CITY $182,000 $168,000 8.3%TEMECULA $258,000 $260,000 -0.8%THERMAL $58,000 $102,000 -43.1%THOUSAND PALMS $112,500 $114,000 -1.3%WHITE WATER $47,000 $104,000 -54.8%WILDOMAR $222,500 $237,500 -6.3%WINCHESTER $215,750 $275,000 -21.6%Sacramento County $154,000 $170,500 -9.7%ANTELOPE $157,000 $180,000 -12.8%CARMICHAEL $240,000 $241,000 -0.4%CITRUS HEIGHTS $140,000 $163,750 -14.5%ELK GROVE $210,000 $223,000 -5.8%ELVERTA $99,000 $182,250 -45.7%FAIR OAKS $175,000 $200,000 -12.5%FOLSOM $300,000 $307,250 -2.4%GALT $155,000 $165,500 -6.3%MATHER $250,000 $176,500 41.6%NORTH HIGHLANDS $73,000 $114,000 -36.0%ORANGEVALE $185,000 $205,000 -9.8%

RANCHO CORDOVA $175,000 $227,500 -23.1%RIO LINDA $130,000 $162,000 -19.8%SACRAMENTO $120,000 $140,500 -14.6%SLOUGHHOUSE $275,000 $285,000 -3.5%WALNUT GROVE $439,500 $46,000 855.4%WILTON $329,000 $450,000 -26.9%San Benito County $250,000 $262,500 -4.8%HOLLISTER $250,000 $262,500 -4.8%San Bernardino County $151,000 $160,000 -5.6%ADELANTO $90,500 $90,000 0.6%APPLE VALLEY $102,500 $119,000 -13.9%BARSTOW $46,000 $60,000 -23.3%BIG BEAR CITY $137,500 $147,000 -6.5%BIG BEAR LAKE $220,000 $320,000 -31.3%BLOOMINGTON $150,000 $145,000 3.5%BLUE JAY $133,500 n/a n/aCEDAR GLEN $67,000 $75,500 -11.3%CEDARPINES PARK $70,000 n/a n/aCHINO $276,000 $308,500 -10.5%CHINO HILLS $420,000 $417,000 0.7%COLTON $124,250 $128,000 -2.9%CREST PARK $115,750 $63,000 83.7%CRESTLINE $88,000 $115,000 -23.5%FAWNSKIN $430,000 $225,000 91.1%


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FONTANA $205,000 $205,000 0.0%FOREST FALLS $64,000 $149,750 -57.3%GRAND TERRACE $175,000 $222,500 -21.4%GREEN VALLEY LAKE $112,500 $125,000 -10.0%HELENDALE $133,500 $99,000 34.9%HESPERIA $110,000 $115,000 -4.4%HIGHLAND $177,250 $200,000 -11.4%HINKLEY $352,500 $37,750 833.8%JOSHUA TREE $53,500 $59,000 -9.3%LAKE ARROWHEAD $270,000 $282,500 -4.4%LANDERS $51,250 $45,000 13.9%LOMA LINDA $260,000 $260,000 0.0%LUCERNE VALLEY $50,000 $48,000 4.2%MENTONE $170,000 $50,000 240.0%MONTCLAIR $197,500 $242,000 -18.4%MORONGO VALLEY $49,000 $68,000 -27.9%NEEDLES $60,000 $162,000 -63.0%ONTARIO $205,000 $207,000 -1.0%PHELAN $130,000 $137,500 -5.5%PINON HILLS $118,000 $116,250 1.5%PIONEERTOWN $97,500 n/a n/aRANCHO CUCAMONGA $304,000 $310,000 -1.9%REDLANDS $197,500 $216,500 -8.8%RIALTO $160,000 $170,000 -5.9%RIMFOREST $135,000 $160,000 -15.6%

RUNNING SPRINGS $90,000 $115,000 -21.7%SAN BERNARDINO $106,250 $102,500 3.7%SUGARLOAF $78,500 $117,500 -33.2%TWENTYNINE PALMS $88,500 $83,500 6.0%TWIN PEAKS $81,000 $75,000 8.0%UPLAND $339,000 $330,500 2.6%VICTORVILLE $118,000 $122,750 -3.9%WRIGHTWOOD $145,000 $140,750 3.0%YUCAIPA $176,500 $216,000 -18.3%YUCCA VALLEY $90,000 $100,000 -10.0%San Diego County $315,000 $332,000 -5.1%ALPINE $309,000 $428,000 -27.8%BONITA $417,500 $438,000 -4.7%BONSALL $438,750 $355,000 23.6%BORREGO SPRINGS $142,250 $130,000 9.4%CAMPO $115,000 $186,000 -38.2%CARDIFF BY THE SEA $625,000 $580,000 7.8%CARLSBAD $570,000 $603,500 -5.6%CHULA VISTA $306,250 $305,750 0.2%CORONADO $1,297,500 $1,300,000 -0.2%DEL MAR $875,000 $1,230,000 -28.9%EL CAJON $255,500 $260,000 -1.7%ENCINITAS $667,500 $640,000 4.3%ESCONDIDO $263,750 $309,000 -14.6%


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FALLBROOK $309,500 $341,750 -9.4%IMPERIAL BEACH $162,500 $175,500 -7.4%JAMUL $480,000 $428,750 12.0%JULIAN $154,000 $260,000 -40.8%LA JOLLA $819,250 $850,000 -3.6%LA MESA $291,000 $330,000 -11.8%LAKESIDE $296,500 $270,000 9.8%LEMON GROVE $240,000 $255,000 -5.9%NATIONAL CITY $175,000 $205,000 -14.6%OCEANSIDE $290,000 $277,750 4.4%PAUMA VALLEY $271,750 $500,000 -45.7%PINE VALLEY $275,000 $205,000 34.2%POWAY $395,000 $430,000 -8.1%RAMONA $290,000 $300,000 -3.3%RANCHO SANTA FE $1,732,500 $3,265,500 -47.0%SAN DIEGO $315,000 $347,750 -9.4%SAN MARCOS $359,000 $370,000 -3.0%SAN YSIDRO $150,000 $222,500 -32.6%SANTEE $292,750 $265,000 10.5%SOLANA BEACH $867,500 $1,157,500 -25.1%SPRING VALLEY $245,000 $256,500 -4.5%VALLEY CENTER $362,500 $402,000 -9.8%VISTA $275,000 $296,000 -7.1%San Francisco County $617,500 $629,500 -1.9%SAN FRANCISCO $617,500 $629,500 -1.9%

San Joaquin County $160,000 $168,000 -4.8%ESCALON $166,000 $133,750 24.1%FRENCH CAMP $80,000 $200,000 -60.0%LATHROP $178,000 $205,000 -13.2%LINDEN $247,500 $310,000 -20.2%LOCKEFORD $135,000 n/a n/aLODI $148,000 $200,000 -26.0%MANTECA $199,500 $181,500 9.9%RIPON $247,500 $260,000 -4.8%STOCKTON $123,750 $130,000 -4.8%TRACY $251,000 $250,000 0.4%WOODBRIDGE $158,000 $80,000 97.5%San Luis Obispo County $326,000 $360,100 -9.5%ARROYO GRANDE $585,000 $400,000 46.3%ATASCADERO $295,000 $292,000 1.0%AVILA BEACH $951,000 $999,000 -4.8%CAMBRIA $362,000 $469,500 -22.9%CAYUCOS $560,000 $520,000 7.7%CRESTON $179,500 $286,000 -37.2%GROVER BEACH $281,000 $349,000 -19.5%LOS OSOS $297,000 $379,500 -21.7%MORRO BAY $349,500 $378,750 -7.7%NIPOMO $310,000 $425,000 -27.1%OCEANO $190,000 $271,000 -29.9%


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PASO ROBLES $280,500 $300,000 -6.5%PISMO BEACH $520,000 $410,000 26.8%SAN LUIS OBISPO $420,000 $382,000 10.0%SAN MIGUEL $600,000 $290,000 106.9%SHANDON $98,000 n/a n/aTEMPLETON $465,000 $312,000 49.0%San Mateo County $575,000 $575,000 0.0%ATHERTON $3,750,000 $3,472,500 8.0%BELMONT $940,000 $685,000 37.2%BRISBANE $560,000 $750,000 -25.3%BURLINGAME $1,206,500 $1,174,000 2.8%DALY CITY $409,500 $486,500 -15.8%HALF MOON BAY $614,250 $592,500 3.7%MENLO PARK $790,000 $970,000 -18.6%MILLBRAE $627,000 $735,000 -14.7%MONTARA $700,000 n/a n/aMOSS BEACH $535,000 n/a n/aPACIFICA $438,000 $505,000 -13.3%PORTOLA VALLEY $2,345,000 $890,000 163.5%REDWOOD CITY $654,000 $653,000 0.2%SAN BRUNO $480,000 $545,000 -11.9%SAN CARLOS $723,000 $885,000 -18.3%SAN MATEO $617,500 $640,000 -3.5%SOUTH SAN FRANCISCO $430,000 $478,500 -10.1%Santa Barbara County $303,000 $365,000 -17.0%

BUELLTON $332,500 $308,000 8.0%CARPINTERIA $510,000 $590,000 -13.6%GOLETA $460,000 $640,000 -28.1%GUADALUPE $110,000 $169,000 -34.9%LOMPOC $205,000 $204,000 0.5%LOS OLIVOS $630,000 n/a n/aSANTA BARBARA $709,750 $875,000 -18.9%SANTA MARIA $198,050 $237,500 -16.6%SANTA YNEZ $490,000 n/a n/aSOLVANG $239,000 $580,000 -58.8%SUMMERLAND $471,250 n/a n/aSanta Clara County $470,000 $500,000 -6.0%ALVISO $295,000 $200,000 47.5%CAMPBELL $565,000 $549,000 2.9%CUPERTINO $950,000 $925,000 2.7%GILROY $415,000 $371,000 11.9%LOS ALTOS $1,501,250 $1,560,000 -3.8%LOS GATOS $1,109,000 $1,059,000 4.7%MILPITAS $390,000 $405,000 -3.7%MORGAN HILL $455,000 $497,500 -8.5%MOUNTAIN VIEW $779,000 $781,000 -0.3%PALO ALTO $1,198,000 $1,330,000 -9.9%SAN JOSE $406,000 $418,000 -2.9%SAN MARTIN $316,500 $486,500 -34.9%


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SANTA CLARA $510,000 $525,000 -2.9%SARATOGA $1,575,000 $1,550,000 1.6%SUNNYVALE $528,000 $633,500 -16.7%Santa Cruz County $359,000 $400,000 -10.3%APTOS $541,000 $562,500 -3.8%BEN LOMOND $337,000 $408,000 -17.4%BOULDER CREEK $232,000 $202,000 14.9%CAPITOLA $585,000 $720,000 -18.8%FELTON $230,000 $310,000 -25.8%FREEDOM $197,500 $170,000 16.2%SANTA CRUZ $423,000 $520,750 -18.8%SCOTTS VALLEY $522,000 $775,000 -32.7%SOQUEL $405,000 $290,500 39.4%WATSONVILLE $260,500 $280,000 -7.0%Shasta County $163,500 $175,000 -6.6%ANDERSON $156,750 $155,000 1.1%COTTONWOOD $132,000 $217,250 -39.2%PALO CEDRO $235,000 $340,000 -30.9%REDDING $170,000 $180,000 -5.6%SHASTA LAKE $95,500 $76,000 25.7%SHINGLETOWN $86,500 $79,500 8.8%Solano County $195,000 $205,000 -4.9%BENICIA $308,500 $344,750 -10.5%DIXON $215,000 $205,000 4.9%FAIRFIELD $200,000 $225,250 -11.2%

RIO VISTA $175,000 $157,500 11.1%SUISUN CITY $163,500 $184,000 -11.1%VACAVILLE $219,500 $245,000 -10.4%VALLEJO $140,000 $145,000 -3.5%Sonoma County $303,000 $331,500 -8.6%BODEGA BAY $615,000 $535,000 15.0%CAZADERO $258,250 $182,500 41.5%CLOVERDALE $250,000 $282,500 -11.5%COTATI $285,000 $300,500 -5.2%FORESTVILLE $245,500 $176,250 39.3%GLEN ELLEN $270,000 $475,000 -43.2%GUERNEVILLE $180,000 $280,000 -35.7%HEALDSBURG $489,000 $381,250 28.3%MONTE RIO $224,500 $45,000 398.9%OCCIDENTAL $849,500 $785,500 8.2%PENNGROVE $702,000 $715,000 -1.8%PETALUMA $363,250 $399,000 -9.0%ROHNERT PARK $246,000 $191,900 28.2%SANTA ROSA $264,000 $306,250 -13.8%SEBASTOPOL $480,000 $510,750 -6.0%SONOMA $400,000 $449,000 -10.9%THE SEA RANCH $500,000 $656,500 -23.8%WINDSOR $350,000 $350,000 0.0%Stanislaus County $128,000 $135,000 -5.2%


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CERES $125,000 $134,000 -6.7%DENAIR $166,000 $130,000 27.7%HUGHSON $174,500 $185,000 -5.7%KEYES $115,000 $41,500 177.1%MODESTO $113,000 $115,000 -1.7%NEWMAN $94,000 $107,500 -12.6%OAKDALE $167,500 $235,000 -28.7%PATTERSON $133,800 $160,000 -16.4%RIVERBANK $155,000 $158,000 -1.9%SALIDA $135,000 $166,250 -18.8%TURLOCK $155,000 $155,000 0.0%WATERFORD $116,250 $97,500 19.2%Sutter County $150,000 $165,250 -9.2%LIVE OAK $125,000 $160,250 -22.0%SUTTER $131,500 $126,000 4.4%YUBA CITY $155,000 $169,000 -8.3%Tulare County $125,000 $140,000 -10.7%DINUBA $107,250 $156,750 -31.6%EARLIMART $87,500 n/a n/aEXETER $147,500 $168,500 -12.5%FARMERSVILLE $93,000 $92,500 0.5%LINDSAY $53,500 $175,000 -69.4%OROSI $106,000 $87,500 21.1%PIXLEY $121,000 $95,000 27.4%PORTERVILLE $103,000 $125,500 -17.9%

SPRINGVILLE $219,000 $267,000 -18.0%STRATHMORE $249,250 $32,500 666.9%TERRA BELLA $106,500 n/a n/aTHREE RIVERS $285,000 $263,000 8.4%TULARE $121,000 $127,000 -4.7%VISALIA $138,000 $154,500 -10.7%WOODLAKE $70,000 $131,500 -46.8%Ventura County $349,000 $370,000 -5.7%CAMARILLO $384,500 $418,250 -8.1%FILLMORE $255,000 $237,500 7.4%MOORPARK $415,500 $420,000 -1.1%NEWBURY PARK $427,500 $530,000 -19.3%OAK PARK $522,000 $605,000 -13.7%OAK VIEW $564,500 $310,000 82.1%OJAI $425,000 $480,000 -11.5%OXNARD $280,000 $295,000 -5.1%PORT HUENEME $257,500 $242,000 6.4%SANTA PAULA $286,500 $240,000 19.4%SIMI VALLEY $339,500 $382,500 -11.2%THOUSAND OAKS $492,500 $461,000 6.8%VENTURA $331,500 $307,500 7.8%WESTLAKE VILLAGE $631,000 $725,000 -13.0%Yolo County $235,000 $217,000 8.3%DAVIS $420,000 $403,000 4.2%


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EL MACERO $410,000 $401,000 2.2%WEST SACRAMENTO $176,000 $180,000 -2.2%WINTERS $248,000 $158,750 56.2%WOODLAND $219,500 $199,000 10.3%YUBA County $134,000 $145,000 -7.6%BROWNSVILLE $72,000 n/a n/aMARYSVILLE $135,000 $134,500 0.4%OLIVEHURST $136,500 $160,000 -14.7%WHEATLAND $162,000 $163,000 -0.6%WOODLAND $195,000 $227,000 -14.1%YUBA County $140,000 $140,000 0.0%BROWNS VALLEY $206,500 $239,000 -13.6%MARYSVILLE $100,000 $135,250 -26.1%OLIVEHURST $150,000 $130,000 15.4%OREGON HOUSE $75,250 $325,000 -76.9%WHEATLAND $110,000 $160,050 -31.3%


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