SF Peninsula Real Estate Guru

Coldwell Banker Real Estate has recently released a series of articles under the banner of “Reality Check” in hopes of providing factual data which consumers can use to more fully evaluate much of the information about the current real estate market found in the media.

Here are some of the facts outlined in one of the articles:

Per the National Association of Realtors:

Median home prices for existing homes have increased on average 6.5% each year from 1972 to 2005 and 88.5% over the past 10 years.

Per the California Association fo Realtors:

Over the past 37 years, the California Real Estate market has only dropped in only 7 of those years - 6 times at less than 3.7% and 1 times at 4.5%.

More locally…..

Median price San Mateo County 1991 was $328,889.

Median price San Mateo County 2007 is $950,000.

189% increase.

Median price Santa Clara County 1989 was $246,847.

Median price Santa Clara County 2007 is $860,000.

248% increase.

More to follow.