Median Homes Prices

In Las Vegas builders are throwing in swimming pools, granite counter tops and passes to golf courses to induce people to buy a house. In Maryland, house shoppers are being offered free fireplaces, hardwood floors and forty-two-inch plasma televisions sets. Centex, a major home builder in Dallas, has decided to ape the automobile industry with employee discount prices, which, let's hope, work out better in housing than they have at General Motors.

In May an Alexandria, Virginia, couple bought a $796,000 townhouse that was still under construction. Imagine their consternation on finding out that even before they had moved in other houses in their development were selling for $100,000 less than they had paid. (Source The Nation November 21, 2005)

Halfway through 2005, almost 3.3 percent of all Ohio loans were in foreclosure compared with 1 percent nationally, the trade group said. (Source Cincinnati Enquirer November 12, 2005)

Edward Leamer, director of the Anderson Business Forecast Project at the University of California, Los Angeles said the national housing market showed signs of weakening and warned that eight of the last 10 recessions in the United States started with a plunge in home sales and prices.(Source Mercury News 2-9-2005, free registration)

The median price of new homes in the US fell to $217,000 from $232,200 in April reported, the Commerce Department (Source Bloomberg June 24)

House sales in London have collapsed to their lowest levels since records began 10 years ago. (Source This is London May 12, 2005)

The median Orange County home price hit $599,000 for the four-week period ending June 22, market tracker DataQuick reported Friday. (Source Orange County Register July 2, 2005)

Riverside County median home price $374,000 April 2005, the median price for a home in San Diego was $484,000, The San Bernardino County was $304,000 (Source North County Times)

Riverside County median home price was $379,000 for March 2005, San Bernardino County was $298,000, Los Angeles County $440,000, Orange County was $565,000, San Diego County $477,000 (Source North County Times)

Los Angeles County median price for January 2005 was $414,000, according to DataQuick Information Systems, with 7,633 homes sold

DataQuick reported new-home sales in Orange County fell 27 percent in the four weeks ending Dec. 28 vs. the same period a year ago. Median price was $554,000. Inventory not the problem. (Source Orange County Register 1/ 8/05 Sales of new O.C. homes tumble)

San Diego home sales fell 6.6 percent – from 2,463 to 2,300 – from October 2004 to November 2004 source Acxiom and DataQuick Information Systems. Median price of a single-family home has declined 1.6 percent to $517,500.

The median price of a new home in San Diego County fell 4.4% in September (Source San Diego Union Tribune)

Coachella Valley’s August 2004 median home price was about 3 percent lower than July’s median (the Desert Sun)

Report: Property value declines for four Santa Clara County cities (Mercury News August 2004)