Thursday, February 09, 2017

CALIFORNIA HOUSING SHORTAGE PUTS THE SQUEEZE ON MIDDLE-CLASS WORKERS

Source: KPCC


For the last two years, Amber Bowser has driven an hour-and-a-half every day to and from her home in West Covina to work at a car rental service in Van Nuys. The commute is dreadful, but like many Californians, Bowser said she has to strike a balance between housing and work. 

"It's the best job I could find because applying to places it’s either minimum wage, and even if you get a server job, you have to have so much experience," Bowser said. 


High housing costs are not only a big problem for California workers but also for companies. Developers, politicians, and business leaders gathered at a forum called "Housing Our Workers" Wednesday in Van Nuys to try to come up with solutions aimed at easing the housing crunch for middle-class workers.

Read the full story

 

 

SUNIL SETHI REAL ESTATE
Property Search | Featured Listing | Neighborhoods | Home Value

 

Monday, February 06, 2017

January 2017 Alameda County Housing Inventory Snapshot

I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot

January 28, 2017

 

Average List Price

30 Days Trend

Median List Price

30 Days Trend

Average DOM: active/sold

30 Days Trend

Number of Listings

Alameda County, CA

Single Family under $1M

$670,529

3.74%

$669,900

6.34%

42

-11

386

Single Family over $1M

$1,823,940

-5.23%

$1,379,950

-4.27%

61

-22

180

Condo/Townhome under $600K

$452,829

2.69%

$462,000

5.72%

30

-10

100

Condo/Townhome over $600K

$769,195

-0.12%

$718,000

-2.17%

40

-11

81

San Mateo County, CA

Single Family under $1M

$791,396

-0.52%

$790,000

-1.13%

46 / 42

-6 / 17

62

Single Family over $1M

$3,859,853

-8.62%

$1,998,000

-4.85%

83 / 99

-34 / 70

190

Condo/Townhome under $600K

$517,041

6.56%

$515,000

3.21%

49 / 27

-11 / -11

19

Condo/Townhome over $600K

$1,081,788

7.74%

$975,000

13.64%

27 / 34

-11 / 7

52

Santa Clara County, CA

Single Family under $1M

$771,176

0.60%

$779,000

1.30%

41 / 25

-10 / -3

214

Single Family over $1M

$2,499,383

-3.82%

$1,800,000

0.01%

71 / 21

-23 / -14

365

Condo/Townhome under $600K

$470,628

0.45%

$449,000

-0.22%

32 / 24

-12 / -25

67

Condo/Townhome over $600K

$912,047

5.32%

$789,950

2.86%

31 / 17

-17 / -20

125

Santa Cruz County, CA

Single Family under $1M

$674,480

-1.96%

$689,000

-6.89%

77 / 39

-7 / -2

101

Single Family over $1M

$2,408,783

10.95%

$1,695,000

6.60%

137  / N/A**

-10 / N/A**

80

Condo/Townhome under $600K

$444,270

-2.46%

$435,000

-3.12%

105 / 68

13 / 29

23

Condo/Townhome over $600K

$797,848

4.93%

$770,000

7.09%

78  / N/A**

-30 / N/A**

22

If you know someone who is considering buying or selling a home, please give me a call. I will provide professional & courteous service along with knowledgeable guidance through the process.

SUNIL SETHI REAL ESTATE
Property Search | Featured Listing | Neighborhoods | Home Value