CA Counties by Feb 2020 Median Home Price; OC nears $1M, San Mateo nears $2M
Everyone's leaving but prices keep climbing and homes are still selling. How odd.:confused::ok:
Riverside has surpassed the half-million dollar mark. Orange County would be the 9th CA county to surpass a 7-digit median home price, CA Counties by February 2021 Median Home Price $1,900,000 San Mateo $1,786,400 San Francisco $1,540,000 Marin $1,486,250 Santa Clara $1,435,000 Mono $1,174,080 Santa Barbara $1,100,000 Alameda $1,058,000 Santa Cruz $995,000 Orange $931,500 Napa $820,000 Monterey $817,500 Contra Costa $765,000 San Diego $750,000 Ventura $740,000 Sonoma $700,000 San Benito $700,000 San Luis Obispo $664,120 Los Angeles $599,500 Placer $577,500 El Dorado $525,000 Mendocino $520,000 Yolo $519,500 Riversie $509,750 Solano $463,000 Sacramento $441,500 Calaveras $436,300 San Joaquin $406,280 Amador $405,000 Stanislaus $397,500 Mariposa $397,000 Butte $395,000 Sutter $389,900 San Bernardino $375,000 Tuolumne $370,000 Yuba $360,000 Humboldt $359,000 Del Norte $354,500 Madera $350,000 Fresno $329,950 Shasta $329,500 Plumas $326,500 Lake $322,500 Siskiyou $319,500 Glenn $299,000 Tehama $295,000 Kern $288,500 Tulare $280,000 Kings $208,250 Lassen https://www.car.org/en/aboutus/media...s/feb2021sales Governor Newsom promised 3.5 million new housing units during the election season---Im wondering what the progress on that has been?:hell: |
Those are sale prices of course but perhaps this rental home is for sale. It would certainly help bring down the averages:
Quote:
|
Quote:
I noticed this when I looked for Inyo County, where Bishop is located... only because I was quite surprised to see the median price of a home for neighboring Mono County is $1,435,000! Daaaaang! It's such a little-populated county, too! I know that Lee Vining is a gateway to Yosemite and attracts tourists, but still, it doesn't look upscale. I guess Mono County is all about the ski resorts and such? And I was noticing the median home price of San Benito County, too, which also surprised me. It's cute and all there, with Mission San Juan Bautista and the town of Hollister, but I don't see that county as being affluent per se. Incidentally, my partner has ancestors who lived in Hollister back when San Benito County was created in the 1870s. |
Wow, insanity. But if you already own in CA, it's irrelevant. It really only affects renters who want to own (and don't have CA-residing homeowner parents), and non-Californians who want to buy in CA.
But it's still hard for me to conceptualize, that people are paying $1.5 million (or whatever) for a dumpy Daly City house. And the same home would be 500k - 1million more further down the peninsula. Kinda mind-blowing. Do universities and other institutions offer housing subsidies? If Stanford hires me as an associate professor, and I'm a non-local, am I living in a garage in East Palo Alto or something? |
Quote:
|
Quote:
|
Quote:
|
Quote:
|
Quote:
|
Quote:
|
Quote:
|
Quote:
Quote:
|
Hopefully those prices will go down and tons of units could be built.
This sounds harrowing, these prices for folks starting out. Eventually, something has to give. Either they change and fix it or future generations are screwed. Maybe once Covid ends or the overblown panic, millions of units will rise. |
Quote:
Quote:
The moral: Rent (preferably under rent control) and invest the amount you would otherwise pay each month on a mortgage minus your rent payment in stocks. |
Quote:
|
Spike in lumber prices could affect plans for homebuyers
Quote:
https://www.kfyrtv.com/2021/03/17/sp...or-homebuyers/ |
Quote:
Land is scarce in the most desirable parts of CA (near the coast, scenic mountain areas and so on). Numerous communities have "green belt" laws and other restrictions on building. This is a map of Marin County (medial home price $1,540,000), the San Francisco suburban county just north of the Golden Gate Bridge. The white areas are essentially the areas open to development including housing construction. Note what a small proportion of the total county land this is: http://ucanr.edu/sites/calagjournal/...=img5601p8.jpg http://calag.ucanr.edu/Archive/?article=ca.v056n01p6 Still, Marin County dairy farms do produce some spectacular milk and cream and especially artisanal cheeses. |
Quote:
|
Quote:
Are the jobs meaning salaries scaling to the home prices in CA? So would someone say starting out, a young folks, right out of college, how would they fair? Or say someone working 5 years for example, say mid career? You'd probally have to have a husband and wife making like 120k each to afford some of those home prices. Or a single guy making 120k a year. Seems like it would be fine for folks in good sectors, but your blue collar worker or public worker must be in dire situations. I mean I get super commuters, but dam. Seems like hell if one isn't say mid career in a good sector or field or isn't in tech. I use to bitch about NJ being expensive, but CA makes it seem like affordable housing, even with our 2.3-3.5% property taxes. Seems like a bargain, even the NYC metro in general. My house in PA would be like 3 million in some of those areas, I have no doubt. |
Quote:
|
All times are GMT. The time now is 6:26 PM. |
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.