Fast Real Estate Facts

Hello,

Just thought I'd share some quick #'s with you regarding some California real estate facts...

Calif. median home price - June 07: $594,260(Source: C.A.R.)
Calif. highest median home price by C.A.R. region June 07: Santa Barbara So. Coast $1,375,000 (Source: C.A.R.)
Calif. lowest median home price by C.A.R. region June 07: High Desert $306,310 (Source: C.A.R.)
Calif. First-time Buyer Affordability Index - First Quarter 07: 25 percent (Source: C.A.R.)
Mortgage rates - week ending 8/9: 30-yr. fixed: 6.59%; Fees/points: 0.4% 15-yr. fixed: 6.25%; Fees/points: 0.4% 1-yr. adjustable: 5.65%; Fees/points: 0.5% (Source: Freddie Mac)

I wonder how long it will take before our Central Valley median home prices match the ones in Santa Barbara?

If you know of anyone looking to buy or sell their home, or even just wants to know the current market value of their home, please don't hesitate to pass on their name and number, and I'll be sure to take great care of them.

Have a great day!

Randy