Bay Area Real Estate Finance

Bay Area Home Sales Activity August 2008

Heindrick — Wed, 24 Sep 2008 15:03:34 +0000

Bay Area Home Sale Activity August 2008

Reporting resale single family residences and condos as well as new homes
* % Change is from the same month last year
Price per Square Foot data is for single family resales only

Due to size, PDF printout is available here: Bay Area Home Sales Activity August 2008

Community	Zip	Sales	% Chg	Median Price	% Chg	High Price	$/SqFt	% Chg
Alameda County
Alameda	94501	35	-37.5%	$600,000	-15.2%	$1,285,000	$446	-4.8%
Alameda	94502	11	-52.2%	$545,000	-6.0%	$865,000	$365	-14.6%
Albany	94706	13	-18.8%	$575,000	-6.1%	$860,000	$522	-13.1%
Berkeley	94702	8	-20.0%	$617,000	4.2%	$810,000	$565	25.8%
Berkeley	94703	13	-18.8%	$517,000	-17.3%	$758,000	$381	-27.1%
Berkeley	94704	3	200.0%	$449,000	n/a	$760,000	$317	n/a
Berkeley	94705	6	-45.5%	$1,037,500	10.1%	$1,889,000	$473	-23.8%
Berkeley	94707	7	-36.4%	$872,000	1.1%	$1,175,000	$528	-6.1%
Berkeley	94708	20	53.8%	$805,500	-4.1%	$1,400,000	$484	-12.8%
Berkeley	94709	5	-50.0%	$550,000	17.0%	$764,500	$639	n/a
Berkeley	94710	2	-50.0%	$409,000	-27.0%	$478,000	$333	-38.2%
Castro Valley	94546	50	47.1%	$440,000	-19.6%	$852,000	$327	-19.6%
Castro Valley	94552	9	-43.8%	$650,000	-13.0%	$775,000	$291	-20.8%
Dublin	94568	84	47.4%	$512,000	-17.4%	$1,100,000	$310	-26.3%
Emeryville	94608	38	15.2%	$346,250	-19.3%	$740,000	$191	-48.1%
Fremont	94536	62	-23.5%	$425,000	-34.1%	$810,000	$354	-15.8%
Fremont	94538	44	-8.3%	$480,000	-20.0%	$855,000	$359	-17.3%
Fremont	94539	36	-33.3%	$867,500	-8.0%	$2,300,000	$448	-12.7%
Fremont	94555	32	-20.0%	$577,500	-10.9%	$886,000	$387	-15.6%
Hayward	94541	63	173.9%	$305,500	-34.3%	$650,000	$244	-24.8%
Hayward	94542	21	50.0%	$498,000	-18.4%	$1,025,000	$263	-35.6%
Hayward	94544	75	78.6%	$285,000	-31.0%	$670,000	$253	-38.7%
Hayward	94545	39	69.6%	$314,500	-41.2%	$680,000	$271	-36.2%
Livermore	94550	52	-13.3%	$492,500	-25.4%	$1,175,000	$300	-16.0%
Livermore	94551	61	48.8%	$432,750	-21.3%	$735,000	$301	-17.9%
Newark	94560	36	12.5%	$439,750	-23.5%	$848,000	$305	-25.3%
Oakland	94601	19	0.0%	$229,000	-45.2%	$725,000	$181	-43.9%
Oakland	94602	28	-20.0%	$517,250	-22.8%	$1,375,000	$377	-12.1%
Oakland	94603	31	19.2%	$156,000	-55.4%	$372,000	$158	-50.1%
Oakland	94605	51	10.9%	$256,227	-47.4%	$950,000	$157	-59.2%
Oakland	94606	5	66.7%	$280,000	-26.4%	$515,000	$218	-49.1%
Oakland	94607	10	-41.2%	$312,000	-34.3%	$437,000	$196	-23.5%
Oakland	94609	11	-15.4%	$370,000	-34.5%	$540,000	$251	-42.1%
Oakland	94610	14	-51.7%	$686,750	-18.6%	$1,225,000	$445	-0.4%
Oakland	94612	1	-83.3%	$280,000	-39.8%	$280,000	n/a	n/a
Oakland	94618	13	-55.2%	$1,055,750	19.3%	$1,875,000	$544	-1.7%
Oakland	94619	29	7.4%	$504,000	-8.4%	$870,000	$283	-32.2%
Oakland	94621	36	100.0%	$134,000	-53.8%	$290,000	$122	-63.1%
Piedmont	94611	41	-8.9%	$800,000	-1.2%	$1,775,000	$483	0.4%
Pleasanton	94566	38	-35.6%	$810,000	-8.5%	$2,150,000	$396	-9.3%
Pleasanton	94588	35	12.9%	$650,000	-12.8%	$2,250,000	$388	-9.0%
San Leandro	94577	54	54.3%	$361,000	-28.5%	$820,000	$291	-22.7%
San Leandro	94578	38	81.0%	$290,000	-22.3%	$519,000	$262	-35.5%
San Leandro	94579	16	45.5%	$394,000	-16.2%	$750,000	$270	-36.9%
San Lorenzo	94580	27	42.1%	$338,000	-31.9%	$400,000	$252	-42.1%
Union City	94587	82	17.1%	$430,000	-33.8%	$980,000	$288	-25.4%

Contra Costa County
Alamo	94507	12	-45.5%	$1,298,500	-18.2%	$2,289,500	$476	-7.5%
Antioch	94509	125	115.5%	$171,500	-47.2%	$545,000	$131	-48.6%
Antioch	94531	132	277.1%	$280,000	-39.7%	$540,000	$132	-38.5%
Brentwood	94513	136	97.1%	$365,000	-29.1%	$805,000	$150	-36.5%
Byron	94514	1	-96.6%	$140,000	-73.8%	$140,000	$118	-50.8%
Clayton	94517	14	-17.6%	$600,000	-5.5%	$950,000	$296	-18.1%
Concord	94518	31	55.0%	$395,000	-27.5%	$749,000	$260	-24.6%
Concord	94519	23	35.3%	$312,500	-32.1%	$481,000	$227	-38.3%
Concord	94520	61	205.0%	$226,000	-32.5%	$1,542,000	$203	-40.6%
Concord	94521	47	9.3%	$374,000	-32.3%	$835,000	$255	-25.5%
Danville	94506	32	-57.3%	$990,000	-2.2%	$1,880,000	$364	-11.5%
Danville	94526	40	-13.0%	$815,000	-8.5%	$1,900,000	$416	-11.3%
Diablo	94528	1	n/a	n/a	n/a	n/a	n/a	n/a
El Cerrito	94530	28	21.7%	$512,000	-20.6%	$845,000	$419	-12.5%
El Sobrante	94803	26	100.0%	$332,500	-34.2%	$799,000	$232	-32.9%
Hercules	94547	41	70.8%	$360,000	-38.1%	$670,000	$228	-23.9%
Lafayette	94549	23	-45.2%	$1,205,000	-0.6%	$3,200,000	$473	-7.0%
Martinez	94553	53	0.0%	$377,000	-25.3%	$1,850,000	$274	-22.4%
Moraga	94556	15	-31.8%	$775,000	-23.1%	$1,400,000	$496	-14.5%
Oakley	94561	104	82.5%	$265,000	-44.7%	$559,000	$136	-47.2%
Orinda	94563	17	-5.6%	$1,190,000	25.3%	$1,830,000	$530	-4.9%
Pinole	94564	24	84.6%	$294,500	-41.7%	$775,000	$230	-39.9%
Pittsburg	94565	170	233.3%	$225,000	-44.6%	$540,000	$142	-49.5%
Pleasant Hill	94523	34	-15.0%	$427,500	-27.0%	$825,000	$323	-18.0%
Richmond	94801	44	131.6%	$171,000	-61.1%	$1,369,000	$102	-74.1%
Richmond	94804	51	15.9%	$167,250	-61.9%	$783,000	$148	-63.0%
Richmond	94805	27	68.8%	$260,000	-39.2%	$475,000	$207	-41.6%
Rodeo	94572	12	300.0%	$313,500	-17.6%	$460,000	$214	-16.1%
San Pablo	94806	92	187.5%	$203,000	-53.5%	$650,000	$185	-45.1%
San Ramon	94582	79	-22.5%	$806,000	-7.8%	$1,575,000	$350	-11.2%
San Ramon	94583	55	12.2%	$560,000	-25.2%	$1,600,000	$356	-7.8%
Walnut Creek	94595	20	-35.5%	$465,000	-11.4%	$1,260,000	$492	0.7%
Walnut Creek	94596	23	-8.0%	$730,000	14.5%	$1,675,000	$415	-15.7%
Walnut Creek	94597	28	0.0%	$550,000	-15.1%	$1,050,000	$393	-16.3%
Walnut Creek	94598	27	17.4%	$760,000	-8.4%	$1,163,000	$376	-10.8%

Marin County
Belvedere Tiburon	94920	16	-27.3%	$1,100,000	-25.8%	$5,975,000	$576	-27.0%
Corte Madera	94925	12	20.0%	$715,000	-29.8%	$2,100,000	$628	5.2%
Fairfax	94930	9	12.5%	$742,500	-5.9%	$2,150,000	$594	6.0%
Greenbrae	94904	12	-40.0%	$1,107,500	-5.7%	$2,300,000	$620	-14.4%
Inverness	94937	1	-50.0%	$865,000	7.9%	$865,000	$398	-43.2%
Larkspur	94939	8	166.7%	$1,297,500	44.3%	$1,745,500	$807	33.6%
Mill Valley	94941	28	-26.3%	$1,001,500	-1.1%	$3,350,000	$663	-8.1%
Novato	94945	25	25.0%	$492,000	-38.5%	$1,195,000	$319	-21.6%
Novato	94947	33	65.0%	$350,000	-51.3%	$1,100,000	$315	-30.1%
Novato	94949	18	63.6%	$620,000	-26.0%	$1,230,000	$369	-19.0%
Ross	94957	4	100.0%	$2,853,000	86.0%	$2,900,000	$1,038	45.2%
San Anselmo	94960	9	-59.1%	$1,269,000	37.9%	$1,945,000	$670	21.6%
San Rafael	94901	27	12.5%	$569,500	-29.8%	$1,700,000	$520	9.8%
San Rafael	94903	28	-6.7%	$530,000	-24.2%	$1,250,000	$399	-15.4%
Sausalito	94965	5	-70.6%	$1,145,000	-5.4%	$6,250,000	$708	2.7%
Stinson Beach	94970	4	-33.3%	$1,650,000	44.7%	$2,225,000	$709	-29.0%

Napa County
American Canyon	94503	32	128.6%	$403,000	-32.8%	$696,500	$200	-34.7%
Calistoga	94515	4	100.0%	$479,500	-23.0%	$870,000	$315	-42.5%
Napa	94558	44	2.3%	$485,000	-21.1%	$975,000	$297	-22.8%
Napa	94559	27	8.0%	$435,000	-4.4%	$1,237,500	$321	-22.5%
Saint Helena	94574	8	33.3%	$1,246,250	62.3%	$2,150,000	$846	38.7%
Yountville	94599	5	25.0%	$405,000	-62.8%	$950,000	$453	-21.0%

San Francisco County
San Francisco	94102	15	66.7%	$649,000	11.9%	$1,003,000	n/a	n/a
San Francisco	94103	20	11.1%	$675,000	7.1%	$2,200,000	$766	n/a
San Francisco	94105	49	206.3%	$572,000	-8.3%	$1,649,000	n/a	n/a
San Francisco	94107	36	-64.7%	$724,000	-5.9%	$1,325,000	$568	-38.9%
San Francisco	94108	6	0.0%	$681,500	-23.0%	$1,373,000	n/a	n/a
San Francisco	94109	24	-7.7%	$632,500	-8.7%	$4,600,000	$1,804	65.9%
San Francisco	94110	28	-22.2%	$749,000	-4.1%	$2,250,000	$665	-16.4%
San Francisco	94111	1	-95.2%	$665,000	-20.7%	$665,000	n/a	n/a
San Francisco	94112	34	-22.7%	$592,000	-8.1%	$980,000	$496	-13.0%
San Francisco	94114	21	-27.6%	$1,150,000	8.2%	$4,300,000	$937	-6.0%
San Francisco	94115	15	7.1%	$910,000	11.3%	$1,775,000	$985	39.6%
San Francisco	94116	27	-25.0%	$752,000	-16.0%	$1,860,000	$547	-16.0%
San Francisco	94117	15	-16.7%	$970,000	-1.8%	$2,200,000	$714	-19.8%
San Francisco	94118	14	-33.3%	$850,000	-26.1%	$7,875,000	$938	32.9%
San Francisco	94121	11	-35.3%	$860,000	-10.4%	$1,998,000	$556	-13.9%
San Francisco	94122	26	-7.1%	$845,500	1.0%	$1,332,000	$586	4.6%
San Francisco	94123	16	33.3%	$1,530,000	0.3%	$4,000,000	$1,148	-13.9%
San Francisco	94124	15	-44.4%	$450,000	0.0%	$610,000	$275	-39.7%
San Francisco	94127	18	-18.2%	$930,000	-2.1%	$1,450,000	$620	-21.4%
San Francisco	94131	28	-17.6%	$839,000	-11.8%	$2,000,000	$765	-7.4%
San Francisco	94132	14	-39.1%	$685,000	-6.2%	$1,193,400	$485	-18.9%
San Francisco	94133	8	14.3%	$892,000	-9.6%	$3,775,000	$1,023	n/a
San Francisco	94134	16	-60.0%	$567,500	-0.8%	$4,164,000	$498	6.0%

San Mateo County
Atherton	94027	3	-25.0%	n/a	n/a	n/a	n/a	n/a
Belmont	94002	21	-30.0%	$914,000	-1.7%	$1,499,000	$526	-13.9%
Brisbane	94005	2	-50.0%	$664,500	-13.4%	$860,000	$535	33.1%
Burlingame	94010	35	-16.7%	$1,210,000	-19.6%	$5,900,000	$775	-0.7%
Daly City	94014	40	90.5%	$512,500	-22.3%	$900,000	$393	-20.2%
Daly City	94015	36	-21.7%	$545,000	-20.4%	$700,000	$430	-24.1%
Half Moon Bay	94018	3	0.0%	$650,000	-36.0%	$700,000	$263	-34.5%
Half Moon Bay	94019	15	25.0%	$615,000	-9.6%	$1,480,000	$467	3.6%
Menlo Park	94025	31	-43.6%	$890,000	19.0%	$1,950,000	$616	-11.1%
Menlo Park	94028	2	-60.0%	n/a	n/a	n/a	n/a	n/a
Millbrae	94030	24	-7.7%	$840,000	-13.8%	$1,758,000	$519	-16.3%
Montara	94037	1	-80.0%	$2,600,000	164.0%	$2,600,000	$1,017	162.0%
Moss Beach	94038	2	100.0%	$577,500	-23.5%	$650,000	$370	16.2%
Pacifica	94044	32	6.7%	$550,000	-23.2%	$1,105,000	$396	-30.3%
Palo Alto	94303	38	-9.5%	$338,500	-53.3%	$1,750,000	$278	-57.9%
Redwood City	94061	30	-28.6%	$750,000	-0.8%	$1,500,000	$561	-16.1%
Redwood City	94063	15	7.1%	$425,000	-32.1%	$683,000	$479	-11.3%
Redwood City	94065	17	-29.2%	$745,000	2.2%	$1,400,000	$545	-6.5%
San Bruno	94066	44	100.0%	$569,000	-18.4%	$975,000	$456	-12.4%
San Carlos	94070	46	12.2%	$900,000	-15.1%	$1,695,000	$629	-3.4%
San Mateo	94401	32	10.3%	$544,500	-19.2%	$944,000	$497	-20.0%
San Mateo	94402	22	-40.5%	$900,000	-27.4%	$1,962,500	$637	-5.6%
San Mateo	94403	34	-24.4%	$765,000	-2.5%	$1,325,000	$575	-8.0%
San Mateo	94404	28	-40.4%	$767,500	4.5%	$1,472,000	$474	-6.3%
South San Francisco	94080	50	35.1%	$510,000	-25.8%	$1,045,000	$442	-15.5%
Woodside	94062	19	-38.7%	$1,125,000	-9.2%	$2,380,000	$605	-5.0%

Santa Clara County
Campbell	95008	37	-41.3%	$635,000	-9.4%	$2,250,000	$450	-14.3%
Cupertino	95014	50	-18.0%	$1,153,000	5.5%	$2,180,000	$661	-3.3%
Gilroy	95020	58	9.4%	$397,500	-37.4%	$1,075,000	$242	-31.4%
Los Altos	94022	20	-9.1%	$2,042,500	9.8%	$3,350,000	$716	-12.3%
Los Altos	94024	18	-28.0%	$1,810,000	2.5%	$3,200,000	$822	9.3%
Los Gatos	95030	11	-50.0%	$2,171,000	25.8%	$5,400,000	$803	-8.2%
Los Gatos	95032	27	-3.6%	$1,010,000	-19.5%	$2,891,000	$648	-0.2%
Los Gatos	95033	5	-16.7%	$409,750	-52.8%	$1,578,500	$278	-49.1%
Milpitas	95035	68	21.4%	$565,000	-9.7%	$1,060,000	$362	-9.7%
Morgan Hill	95037	51	8.5%	$622,500	-20.7%	$1,480,000	$298	-25.2%
Mountain View	94040	20	-33.3%	$1,051,000	-0.4%	$2,125,000	$697	-8.4%
Mountain View	94041	18	100.0%	$969,000	32.7%	$1,175,000	$703	-20.3%
Mountain View	94043	33	-43.1%	$691,000	-1.3%	$960,000	$479	-25.7%
Palo Alto	94301	6	-68.4%	$1,197,500	-4.2%	$2,247,000	$401	-64.8%
Palo Alto	94306	21	-4.5%	$822,500	-26.6%	$2,325,000	$827	-2.7%
San Jose	95110	15	114.3%	$317,500	-18.0%	$478,000	$355	-23.8%
San Jose	95111	58	81.3%	$345,000	-40.5%	$575,000	$302	-30.4%
San Jose	95112	33	3.1%	$430,000	-19.8%	$1,275,000	$337	-31.6%
San Jose	95116	40	14.3%	$345,000	-46.9%	$597,500	$306	-16.6%
San Jose	95117	6	-62.5%	$527,500	-28.4%	$675,000	$387	-27.2%
San Jose	95118	35	-7.9%	$550,500	-20.3%	$912,500	$418	-13.2%
San Jose	95119	13	62.5%	$607,500	-2.3%	$775,000	$363	-17.2%
San Jose	95120	36	-16.3%	$990,000	-1.5%	$2,300,000	$469	2.4%
San Jose	95121	41	70.8%	$430,000	-25.2%	$1,070,000	$310	-26.4%
San Jose	95122	45	95.7%	$345,000	-40.5%	$840,000	$281	-41.5%
San Jose	95123	63	0.0%	$510,000	-16.7%	$940,000	$359	-17.7%
San Jose	95124	59	18.0%	$699,550	-5.7%	$2,625,000	$460	-9.5%
San Jose	95125	49	-18.3%	$675,000	-15.5%	$1,757,000	$486	-4.4%
San Jose	95126	27	-25.0%	$498,500	-8.9%	$817,000	$328	-28.3%
San Jose	95127	55	31.0%	$379,500	-40.9%	$906,000	$302	-30.9%
San Jose	95128	18	-5.3%	$523,000	-20.9%	$840,000	$387	-23.2%
San Jose	95129	42	-6.7%	$825,000	-1.8%	$2,775,000	$597	-6.7%
San Jose	95130	6	-70.0%	$770,000	-4.9%	$825,000	$497	-10.8%
San Jose	95131	30	-45.5%	$402,500	-36.1%	$1,833,000	$400	1.0%
San Jose	95132	28	-44.0%	$560,000	-16.9%	$750,000	$361	-18.7%
San Jose	95133	20	25.0%	$416,000	-25.7%	$750,000	$330	-25.4%
San Jose	95134	6	-60.0%	$554,000	-8.0%	$593,000	n/a	n/a
San Jose	95135	31	6.9%	$705,000	1.0%	$1,160,000	$352	-25.8%
San Jose	95136	30	-44.4%	$497,500	-23.3%	$800,000	$313	-22.4%
San Jose	95138	17	-51.4%	$530,000	-43.7%	$2,310,000	$372	-16.4%
San Jose	95139	9	28.6%	$550,000	-24.7%	$685,000	$328	-20.6%
San Jose	95148	59	59.5%	$510,000	-25.6%	$1,240,000	$314	-33.5%
San Martin	95046	2	0.0%	$2,200,000	300.0%	$2,200,000	n/a	n/a
Santa Clara	95050	20	-39.4%	$592,000	0.9%	$1,397,500	$467	9.6%
Santa Clara	95051	49	-19.7%	$555,000	-10.9%	$1,057,000	$486	-5.0%
Santa Clara	95054	18	-33.3%	$672,500	-10.9%	$1,330,000	$421	-17.3%
Saratoga	95070	33	-31.3%	$1,153,750	-28.8%	$2,280,000	$620	-11.0%
Sunnyvale	94085	17	21.4%	$503,000	-8.4%	$650,000	$428	-18.6%
Sunnyvale	94086	22	-45.0%	$610,000	-22.4%	$1,280,000	$572	4.2%
Sunnyvale	94087	35	-45.3%	$1,012,500	9.8%	$1,850,000	$610	2.6%
Sunnyvale	94089	28	250.0%	$650,000	-8.1%	$840,000	$372	-32.0%

Solano County
Benicia	94510	25	-43.2%	$360,000	-28.0%	$735,000	$247	-18.0%
Dixon	95620	29	123.1%	$295,000	-24.8%	$505,000	$178	-26.6%
Fairfield	94533	100	112.8%	$190,000	-47.4%	$470,000	$138	-46.7%
Fairfield	94534	73	92.1%	$350,000	-38.7%	$1,530,000	$180	-29.4%
Rio Vista	94571	12	-40.0%	$291,250	-2.4%	$410,500	$180	-25.2%
Suisun City	94585	58	141.7%	$229,000	-42.0%	$407,000	$148	-39.3%
Vacaville	95687	87	74.0%	$295,000	-23.4%	$556,500	$168	-30.0%
Vacaville	95688	46	43.8%	$350,000	-39.2%	$1,530,000	$197	-25.5%
Vallejo	94589	44	76.0%	$190,250	-44.6%	$469,600	$146	-45.1%
Vallejo	94590	37	8.8%	$155,000	-58.1%	$480,000	$143	-54.4%
Vallejo	94591	73	35.2%	$287,500	-36.8%	$570,000	$170	-41.3%
Vallejo	94592	n/a	n/a	n/a	n/a	n/a	n/a	n/a

Sonoma County
Bodega Bay	94923	5	-16.7%	$739,500	41.4%	$1,450,000	$369	-20.6%
Cloverdale	95425	8	-38.5%	$394,000	-16.2%	$1,550,000	$192	-38.8%
Cotati	94931	5	-44.4%	$630,000	61.7%	$685,000	$284	-48.0%
Forestville	95436	2	-80.0%	$130,000	-73.2%	$160,000	$183	-48.0%
Glen Ellen	95442	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Guerneville	95446	9	-30.8%	$330,000	-11.8%	$437,000	$354	5.2%
Healdsburg	95448	9	-60.9%	$408,500	-22.1%	$1,000,000	$296	-14.1%
Penngrove	94951	2	0.0%	$620,500	-9.8%	$620,500	$295	-48.7%
Petaluma	94952	19	-45.7%	$485,000	-26.4%	$2,100,000	$286	-26.9%
Petaluma	94954	38	40.7%	$410,000	-26.5%	$1,035,000	$267	-19.7%
Rohnert Park	94928	59	25.5%	$295,000	-26.2%	$593,000	$228	-18.4%
Santa Rosa	95401	36	89.5%	$252,500	-42.6%	$700,000	$214	-31.2%
Santa Rosa	95403	48	17.1%	$315,000	-30.0%	$985,000	$236	-16.1%
Santa Rosa	95404	27	-35.7%	$355,000	-37.2%	$1,235,000	$226	-32.8%
Santa Rosa	95405	26	23.8%	$365,100	-23.8%	$1,000,000	$296	-18.7%
Santa Rosa	95407	57	78.1%	$285,000	-28.6%	$645,500	$187	-38.3%
Santa Rosa	95409	35	0.0%	$450,000	-14.5%	$810,000	$285	-12.7%
Sebastopol	95472	20	-35.5%	$504,000	-25.8%	$975,000	$369	-9.1%
Sonoma	95476	39	21.9%	$515,000	-14.8%	$1,317,000	$343	-14.2%
The Sea Ranch	95497	3	200.0%	$750,000	7.3%	$775,000	$436	14.4%
Windsor	95492	59	43.9%	$392,500	-26.6%	$1,400,000	$237	-25.5%

How Does the Fannie and Freddie Bailout Effect You?

Heindrick — Mon, 08 Sep 2008 01:34:17 +0000

Don’t bring Henry Paulson with you to Las Vegas.

Paulson asked Congress for the right to use taxpayer funds to intervene – but hoped the pledge alone would be sufficient. “If you have a bazooka in your pocket and people know it, you probably won’t have to use it,” he said at a July 15 Senate Banking Committee hearing.

But now Paulson is readying the bazooka, because the markets didn’t respond as hoped. Shares in the companies bounced back from multiyear lows in recent weeks, but bond markets have not regained confidence in Fannie and Freddie.

Investors and bond markets have all called Paulson’s bluff. Fannie Mae and Freddie Mac are now going to be under government control in the form of a temporary conservatorship.

The Fannie and Freddie bailout has fired the top executives and left the government “temporarily” in charge of operations. Meanwhile, investors and foreign speculators are assured of these securities because they are now backed by the American Taxpayer.

But What Does This Mean for You?

Shareholders and Employees – Unfortunately, these are some of the losers who will suffer because of the bailout.

CEO Daniel Mudd & Richard Syron – Well, say goodbye to your jobs, but say hello to your final payday. Investors are outraged since each of these two will be leaving with $9.3 and $14.1 million respectively per their agreed severance pay retirement contracts.

Current Homeowner – If you were thinking of refinancing, this bailout might help you see an improvement in mortgage rates. But don’t expect tightening guidelines to loosen up. In fact, don’t be surprised if some banks tighten up their standards.

First Time Home Buyers – This should keep your prospective search up and running. The bailout essentially attempts to stabilize this housing market and stimulate more activity. You are the hope of this nation – if there is any hope to stabilize prices and drop the increasing inventory of stagnant homes, it falls the hands of first time home buyers.

Troubled Borrowers - Looking to modify your loan, this bailout just might keep your hopes alive. Lenders have already been modifying loans, but this bailout stands to set an example. If the government is willing to step in and prevent the failure of these two giants, it would not be a surprise if more pressure was applied to help troubled homeowners.

American Taxpayer – Unfortunately, this bailout is funded by you the American Taxpayer. Fannie and Freddie will continue to operate normally except for one small detail; taxpayers will be responsible for future losses of the entities.

I know a lot of people are going to be upset because they are now responsible for these losses. But if i can bring up one point that is worth mentioning, it would be this:

Fannie and Freddie were really the only ones buying loans from banks since pretty much all the other investors are now extinct. If they did fail, it would be impossible for anyone to get a home loan. No one could buy a home, homes would sit on the market, and home prices would sink even lower. Then, equity slides even further, and well you get the point – chaos.

So while news outlets are publicizing the fact that taxpayers are paying for this bailout, the truth is, you would have paid for it either way. It’s a sad truth and that is why everybody is hoping for a reform of these two massive “too-big-too-fail” entities.

Interested, Confused? Read more about how Fannie and Freddie Operate.

Also, see what our presidential candidates, McCain and Obama, have to say about this: Reuters and Bloomberg

Bay Area Home Sales Activity July 2008

Heindrick — Wed, 27 Aug 2008 04:29:21 +0000

Bay Area Average Home Sales Activity July 2008

Source: DQNews

Due to size and length of report, I have uploaded the PDF file: Bay Area Home Sales Activity

Community	Zip	Sales	% Chg	Median Price	% Chg	High Price	$/SqFt	% Chg
Alameda County
Alameda	94501	42	-34.4%	$618,000	-8.8%	$975,000	$412	-12.9%
Alameda	94502	16	6.7%	$655,000	-9.7%	$1,130,000	$398	-14.3%
Albany	94706	24	9.1%	$575,000	-6.9%	$965,000	$540	-7.1%
Berkeley	94702	10	-41.2%	$550,000	-0.5%	$855,000	$522	1.9%
Berkeley	94703	8	-38.5%	$665,000	5.6%	$1,230,000	$572	19.7%
Berkeley	94704	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Berkeley	94705	13	8.3%	$818,000	5.3%	$6,818,200	$507	-7.4%
Berkeley	94707	25	38.9%	$860,000	-7.0%	$1,400,000	$485	-13.7%
Berkeley	94708	12	-47.8%	$887,500	2.2%	$1,702,500	$603	12.2%
Berkeley	94709	9	12.5%	$600,000	-18.2%	$1,350,000	$465	-12.4%
Berkeley	94710	2	-60.0%	$512,500	-43.5%	$575,000	$625	-8.3%
Castro Valley	94546	35	16.7%	$450,000	-19.6%	$1,065,000	$343	-19.2%
Castro Valley	94552	13	-38.1%	$713,500	-4.2%	$940,000	$333	-19.9%
Dublin	94568	85	19.7%	$514,000	-20.2%	$1,250,000	$299	-19.8%
Emeryville	94608	30	-45.5%	$270,000	-26.8%	$455,000	$222	-33.3%
Fremont	94536	62	-7.5%	$492,500	-26.4%	$1,289,000	$373	-16.7%
Fremont	94538	52	-1.9%	$468,000	-20.0%	$693,000	$378	-20.1%
Fremont	94539	48	-37.7%	$919,500	-14.3%	$2,236,500	$475	-7.6%
Fremont	94555	20	-39.4%	$580,000	-11.0%	$816,000	$369	-18.8%
Hayward	94541	45	28.6%	$320,000	-37.3%	$630,000	$247	-46.4%
Hayward	94542	17	6.3%	$600,000	-17.6%	$1,100,000	$218	-30.8%
Hayward	94544	49	0.0%	$305,000	-38.9%	$585,000	$254	-40.8%
Hayward	94545	37	37.0%	$323,250	-33.4%	$740,000	$229	-45.7%
Livermore	94550	41	-10.9%	$625,500	-7.2%	$1,300,000	$272	-25.6%
Livermore	94551	60	25.0%	$430,000	-31.5%	$822,500	$288	-22.9%
Newark	94560	46	12.2%	$399,000	-31.8%	$836,000	$320	-25.5%
Oakland	94601	20	42.9%	$252,500	-43.9%	$3,409,100	$174	-53.4%
Oakland	94602	29	-9.4%	$650,000	-2.8%	$930,000	$426	-14.7%
Oakland	94603	31	82.4%	$167,000	-51.3%	$3,750,000	$169	-55.4%
Oakland	94605	38	5.6%	$345,000	-32.4%	$835,000	$215	-35.4%
Oakland	94606	10	11.1%	$246,250	-46.4%	$461,000	$238	-39.4%
Oakland	94607	12	-50.0%	$278,500	-35.3%	$1,975,000	$195	-31.7%
Oakland	94609	12	-20.0%	$490,000	-1.3%	$650,000	$354	-27.1%
Oakland	94610	14	-41.7%	$560,000	-27.8%	$1,010,000	$401	-24.0%
Oakland	94612	7	-12.5%	$283,000	-32.2%	$397,000	$99	-74.7%
Oakland	94618	24	-17.2%	$740,000	-16.4%	$1,650,000	$516	-10.5%
Oakland	94619	21	-22.2%	$488,500	-11.2%	$1,100,000	$319	-23.0%
Oakland	94621	22	69.2%	$136,000	-63.7%	$312,000	$149	-54.4%
Piedmont	94611	38	-29.6%	$665,000	-21.1%	$2,522,000	$445	-11.4%
Pleasanton	94566	53	1.9%	$831,500	-5.0%	$2,365,000	$393	-11.1%
Pleasanton	94588	26	-40.9%	$615,000	-15.2%	$1,625,000	$374	-11.2%
San Leandro	94577	52	36.8%	$369,000	-26.9%	$693,000	$303	-18.8%
San Leandro	94578	35	84.2%	$320,000	-32.6%	$1,512,500	$273	-39.9%
San Leandro	94579	16	-23.8%	$430,000	-18.1%	$773,000	$316	-28.4%
San Lorenzo	94580	28	55.6%	$340,000	-35.7%	$470,000	$292	-36.3%
Union City	94587	66	8.2%	$415,000	-26.0%	$800,000	$293	-23.0%

Contra Costa County
Alamo	94507	21	-19.2%	$1,461,500	6.3%	$3,200,000	$506	-8.0%
Antioch	94509	122	205.0%	$192,750	-48.6%	$525,000	$134	-50.6%
Antioch	94531	127	195.3%	$290,000	-39.6%	$565,000	$140	-43.2%
Brentwood	94513	150	111.3%	$374,000	-32.0%	$760,000	$156	-35.2%
Byron	94514	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Clayton	94517	10	-47.4%	$591,000	-12.4%	$1,100,000	$309	-11.5%
Concord	94518	45	73.1%	$412,000	-15.0%	$725,000	$279	-23.4%
Concord	94519	38	65.2%	$312,000	-35.0%	$540,000	$252	-27.4%
Concord	94520	42	90.9%	$240,000	-36.8%	$700,000	$232	-38.4%
Concord	94521	49	6.5%	$330,000	-37.6%	$753,000	$255	-26.8%
Danville	94506	45	-22.4%	$1,050,000	-1.0%	$2,900,000	$410	-4.7%
Danville	94526	26	-43.5%	$848,000	-3.3%	$2,025,000	$394	-13.3%
Diablo	94528	n/a	n/a	n/a	n/a	n/a	n/a	n/a
El Cerrito	94530	22	-37.1%	$550,000	-12.0%	$998,000	$360	-28.1%
El Sobrante	94803	31	40.9%	$330,000	-42.6%	$629,000	$246	-25.0%
Hercules	94547	38	100.0%	$368,250	-31.2%	$1,025,000	$228	-6.7%
Lafayette	94549	26	-16.1%	$1,017,000	-20.2%	$2,600,000	$512	-12.2%
Martinez	94553	39	-23.5%	$404,000	-16.7%	$765,000	$294	-13.1%
Moraga	94556	21	-19.2%	$805,000	-30.7%	$1,725,000	$501	-7.2%
Oakley	94561	100	122.2%	$276,000	-34.5%	$900,000	$142	-44.5%
Orinda	94563	23	-32.4%	$1,038,500	-16.4%	$2,959,500	$513	-11.9%
Pinole	94564	16	14.3%	$325,000	-45.1%	$490,000	$254	-24.1%
Pittsburg	94565	151	214.6%	$250,000	-44.4%	$580,000	$149	-48.7%
Pleasant Hill	94523	37	-22.9%	$475,500	-22.7%	$865,000	$344	-19.7%
Richmond	94801	43	258.3%	$125,000	-72.6%	$1,725,000	$95	-73.1%
Richmond	94804	44	-10.2%	$193,500	-50.7%	$510,000	$157	-60.1%
Richmond	94805	20	42.9%	$279,250	-35.5%	$495,000	$246	-33.4%
Rodeo	94572	6	-33.3%	$357,500	-31.8%	$435,000	$253	-34.0%
San Pablo	94806	89	117.1%	$263,250	-41.5%	$625,000	$197	-44.4%
San Ramon	94582	92	-10.7%	$725,000	-17.8%	$1,380,000	$329	-11.1%
San Ramon	94583	33	-34.0%	$640,000	-7.2%	$1,440,000	$345	-14.6%
Walnut Creek	94595	37	23.3%	$500,000	-15.1%	$1,500,000	$568	14.9%
Walnut Creek	94596	26	0.0%	$642,500	-21.3%	$1,725,000	$419	-12.6%
Walnut Creek	94597	32	28.0%	$541,000	-22.8%	$955,000	$341	-28.0%
Walnut Creek	94598	38	31.0%	$700,000	14.8%	$2,238,000	$404	-11.6%

Marin County
Belvedere Tiburon	94920	16	-38.5%	$1,300,000	-17.5%	$3,600,000	$736	-13.4%
Corte Madera	94925	15	7.1%	$1,104,500	24.1%	$1,925,000	$646	10.7%
Fairfax	94930	11	37.5%	$750,000	-8.5%	$1,090,000	$525	5.6%
Greenbrae	94904	17	-10.5%	$825,000	-39.3%	$2,200,000	$567	-18.6%
Inverness	94937	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Larkspur	94939	13	0.0%	$1,537,500	77.7%	$2,570,000	$672	10.6%
Mill Valley	94941	33	-41.1%	$1,375,000	28.6%	$5,400,000	$699	5.6%
Novato	94945	13	18.2%	$650,000	-19.6%	$1,275,000	$402	0.1%
Novato	94947	30	7.1%	$500,000	-23.1%	$1,800,000	$366	-16.2%
Novato	94949	17	-10.5%	$617,500	-26.9%	$1,320,000	$359	-15.4%
Ross	94957	1	0.0%	$1,150,000	-42.5%	$1,150,000	$830	21.3%
San Anselmo	94960	17	-26.1%	$947,500	7.4%	$4,000,000	$644	23.3%
San Rafael	94901	34	21.4%	$585,000	-34.9%	$1,540,000	$497	-9.1%
San Rafael	94903	31	-22.5%	$622,500	-11.3%	$2,450,000	$426	-12.7%
Sausalito	94965	9	28.6%	$895,000	6.6%	$1,400,000	$772	-21.3%
Stinson Beach	94970	6	n/a	$2,402,000	n/a	$6,595,000	$1,295	n/a

Napa County
American Canyon	94503	41	272.7%	$409,500	-34.5%	$660,000	$200	-42.2%
Calistoga	94515	3	0.0%	$615,000	-21.7%	$795,000	$418	-11.2%
Napa	94558	48	26.3%	$445,000	-25.8%	$1,151,500	$301	-22.0%
Napa	94559	28	86.7%	$392,000	-29.4%	$1,200,000	$299	-38.1%
Saint Helena	94574	3	-57.1%	$705,000	-22.3%	$710,000	$451	-32.3%
Yountville	94599	1	-50.0%	$1,062,500	1.0%	$1,062,500	$489	-29.0%

San Francisco County
San Francisco	94102	7	-41.7%	$520,000	51.9%	$804,500	n/a	n/a
San Francisco	94103	26	136.4%	$625,000	-12.7%	$979,000	n/a	n/a
San Francisco	94105	37	428.6%	$687,500	-9.4%	$1,312,000	n/a	n/a
San Francisco	94107	47	-19.0%	$750,000	-0.1%	$1,662,500	$565	-31.8%
San Francisco	94108	4	33.3%	$890,000	4.7%	$975,000	n/a	n/a
San Francisco	94109	32	-27.3%	$715,000	4.0%	$2,200,000	$516	-66.9%
San Francisco	94110	35	-5.4%	$749,500	-10.2%	$1,950,000	$669	-12.8%
San Francisco	94111	4	-63.6%	$1,025,000	0.0%	$1,200,000	n/a	n/a
San Francisco	94112	40	-13.0%	$605,000	-15.7%	$900,000	$502	-15.2%
San Francisco	94114	29	7.4%	$1,020,000	-20.6%	$5,200,000	$919	1.0%
San Francisco	94115	29	-14.7%	$905,000	7.7%	$2,450,000	$994	19.8%
San Francisco	94116	26	-16.1%	$881,500	6.2%	$1,905,000	$644	-2.2%
San Francisco	94117	16	-23.8%	$1,200,000	65.5%	$1,950,000	$868	70.4%
San Francisco	94118	19	26.7%	$980,000	-9.5%	$4,100,000	$710	21.0%
San Francisco	94121	21	110.0%	$990,000	4.5%	$3,500,000	$702	4.0%
San Francisco	94122	28	-28.2%	$785,000	-8.0%	$1,375,000	$585	-8.4%
San Francisco	94123	8	-52.9%	$984,500	-31.9%	$3,025,000	$948	-26.6%
San Francisco	94124	21	0.0%	$410,000	-21.2%	$722,000	$299	-42.4%
San Francisco	94127	18	-52.6%	$857,000	-19.9%	$2,100,000	$627	-9.8%
San Francisco	94131	28	-28.2%	$807,500	-2.7%	$2,950,000	$686	-20.3%
San Francisco	94132	17	-5.6%	$823,500	24.4%	$1,130,000	$599	9.7%
San Francisco	94133	9	-35.7%	$797,000	-5.0%	$1,020,000	n/a	n/a
San Francisco	94134	23	-11.5%	$568,500	-9.8%	$810,000	$445	-23.1%

San Mateo County
Atherton	94027	6	20.0%	$5,000,000	n/a	$6,750,000	$1,255	n/a
Belmont	94002	28	-3.4%	$882,500	-4.1%	$1,325,000	$567	3.2%
Brisbane	94005	4	-33.3%	$584,000	-23.7%	$734,000	$514	3.5%
Burlingame	94010	41	-18.0%	$1,294,000	-13.7%	$2,720,000	$718	0.0%
Daly City	94014	36	44.0%	$514,000	-27.5%	$808,000	$409	-16.6%
Daly City	94015	44	18.9%	$568,000	-14.9%	$833,000	$413	-19.3%
Half Moon Bay	94018	2	-50.0%	$900,000	-3.7%	$925,000	$371	-38.8%
Half Moon Bay	94019	7	-50.0%	$385,000	-59.7%	$959,000	$350	-32.7%
Menlo Park	94025	49	11.4%	$850,500	9.7%	$1,625,000	$526	-19.6%
Menlo Park	94028	9	-40.0%	$2,450,000	66.7%	$2,450,000	$793	1.3%
Millbrae	94030	21	-8.7%	$795,000	-22.8%	$1,383,000	$569	-12.3%
Montara	94037	4	100.0%	$652,000	-59.3%	$990,000	$505	-19.4%
Moss Beach	94038	2	0.0%	$839,000	n/a	$928,000	$420	n/a
Pacifica	94044	23	-11.5%	$575,000	-16.7%	$845,000	$479	-13.9%
Palo Alto	94303	49	19.5%	$399,000	-47.5%	$1,875,000	$280	-60.5%
Redwood City	94061	20	-33.3%	$712,000	-2.5%	$1,225,000	$520	-15.3%
Redwood City	94063	12	-7.7%	$499,000	-27.2%	$797,000	$419	-33.2%
Redwood City	94065	19	-24.0%	$780,000	-7.7%	$1,505,000	$518	-12.4%
San Bruno	94066	37	-5.1%	$610,000	-1.9%	$915,000	$500	-20.1%
San Carlos	94070	43	19.4%	$975,000	-12.9%	$1,740,000	$621	-3.6%
San Mateo	94401	31	47.6%	$590,000	-10.5%	$3,522,700	$480	-11.6%
San Mateo	94402	29	-23.7%	$1,165,000	1.3%	$3,795,500	$637	-1.4%
San Mateo	94403	39	-7.1%	$750,000	-7.4%	$3,954,500	$582	-0.4%
San Mateo	94404	37	-22.9%	$813,500	4.1%	$1,634,000	$531	1.5%
South San Francisco	94080	47	42.4%	$530,000	-25.4%	$800,000	$426	-25.8%
Woodside	94062	33	43.5%	$799,000	-25.7%	$2,450,000	$623	5.8%

Santa Clara County
Campbell	95008	45	-15.1%	$610,000	-16.2%	$1,630,000	$493	-10.5%
Cupertino	95014	63	-20.3%	$1,041,250	1.1%	$1,821,000	$632	-8.8%
Gilroy	95020	54	-12.9%	$432,500	-33.7%	$1,125,000	$244	-34.1%
Los Altos	94022	21	-8.7%	$1,781,000	-0.6%	$4,700,000	$984	20.1%
Los Altos	94024	17	-41.4%	$1,742,500	-2.3%	$3,900,000	$732	-7.9%
Los Gatos	95030	16	0.0%	$1,988,500	13.3%	$6,125,000	$880	-3.9%
Los Gatos	95032	29	-29.3%	$997,500	2.3%	$2,522,500	$625	-5.4%
Los Gatos	95033	2	-60.0%	$815,000	18.8%	$815,000	$981	112.7%
Milpitas	95035	63	18.9%	$622,500	-3.7%	$1,000,000	$366	-8.2%
Morgan Hill	95037	33	-37.7%	$567,000	-27.3%	$1,285,000	$307	-21.3%
Mountain View	94040	23	-30.3%	$770,000	-9.4%	$1,860,000	$736	8.0%
Mountain View	94041	12	20.0%	$921,250	33.3%	$1,536,000	$727	-26.6%
Mountain View	94043	31	-29.5%	$667,500	-2.6%	$1,035,000	$624	-10.8%
Palo Alto	94301	22	46.7%	$1,206,000	-3.5%	$2,716,000	$733	-31.0%
Palo Alto	94306	27	-6.9%	$866,000	-11.2%	$1,750,000	$762	-1.5%
San Jose	95110	6	-53.8%	$325,000	-34.3%	$444,000	$327	-26.4%
San Jose	95111	46	21.1%	$401,000	-35.1%	$580,000	$300	-32.3%
San Jose	95112	30	-18.9%	$410,000	-29.8%	$1,340,000	$381	-19.8%
San Jose	95116	22	-40.5%	$389,000	-15.3%	$764,500	$286	-28.0%
San Jose	95117	15	-34.8%	$731,000	3.5%	$920,000	$480	4.9%
San Jose	95118	28	-17.6%	$552,500	-20.4%	$4,314,000	$403	-19.7%
San Jose	95119	11	-8.3%	$500,000	-21.6%	$630,000	$387	-6.5%
San Jose	95120	34	-12.8%	$975,000	-1.4%	$1,625,000	$453	-12.6%
San Jose	95121	37	15.6%	$460,000	-9.8%	$1,100,000	$328	-24.6%
San Jose	95122	47	30.6%	$370,000	-33.9%	$485,000	$313	-36.3%
San Jose	95123	62	-17.3%	$495,750	-17.4%	$950,000	$375	-10.1%
San Jose	95124	53	-18.5%	$652,500	-11.8%	$1,337,000	$448	-9.0%
San Jose	95125	49	-30.0%	$749,000	-8.1%	$3,400,000	$484	-12.4%
San Jose	95126	25	-16.7%	$691,500	22.6%	$1,500,000	$426	-13.6%
San Jose	95127	52	20.9%	$380,000	-36.7%	$998,000	$306	-33.6%
San Jose	95128	18	-10.0%	$540,000	-26.5%	$790,000	$454	-7.5%
San Jose	95129	35	-14.6%	$900,000	7.9%	$1,350,000	$663	4.2%
San Jose	95130	13	18.2%	$742,000	0.0%	$975,000	$549	-3.0%
San Jose	95131	30	-18.9%	$450,000	-31.4%	$875,000	$353	-20.3%
San Jose	95132	32	0.0%	$507,500	-23.0%	$720,000	$382	-4.6%
San Jose	95133	31	24.0%	$517,500	19.0%	$900,000	$306	-23.2%
San Jose	95134	4	-60.0%	$559,500	-16.5%	$650,000	n/a	n/a
San Jose	95135	32	3.2%	$700,000	-17.1%	$1,160,000	$368	-13.4%
San Jose	95136	41	-8.9%	$574,500	-12.4%	$850,000	$334	-17.5%
San Jose	95138	27	-25.0%	$837,500	-4.3%	$1,715,000	$407	-11.0%
San Jose	95139	11	57.1%	$509,000	-25.1%	$610,000	$344	-23.8%
San Jose	95148	41	-10.9%	$512,500	-26.5%	$925,000	$326	-24.0%
San Martin	95046	1	-80.0%	$905,000	-9.5%	$905,000	$344	-27.0%
Santa Clara	95050	24	-7.7%	$610,000	-16.4%	$2,550,000	$463	-16.1%
Santa Clara	95051	39	-23.5%	$578,750	-14.6%	$1,150,000	$506	-9.4%
Santa Clara	95054	23	-8.0%	$665,000	-12.5%	$1,260,000	$423	-11.2%
Saratoga	95070	32	-28.9%	$1,595,000	12.8%	$4,600,000	$708	9.4%
Sunnyvale	94085	19	5.6%	$501,000	-21.2%	$640,000	$335	-26.6%
Sunnyvale	94086	33	-5.7%	$657,500	-9.9%	$1,090,000	$574	1.2%
Sunnyvale	94087	49	-16.9%	$929,000	-1.5%	$1,366,000	$628	-3.1%
Sunnyvale	94089	15	-21.1%	$594,500	-16.5%	$862,500	$472	-15.7%

Solano County
Benicia	94510	22	-40.5%	$422,000	-15.6%	$612,000	$254	-25.4%
Dixon	95620	19	46.2%	$296,250	-28.6%	$470,000	$177	-30.9%
Fairfield	94533	97	70.2%	$195,000	-53.0%	$580,000	$147	-44.0%
Fairfield	94534	60	57.9%	$385,000	-25.1%	$775,000	$179	-31.6%
Rio Vista	94571	8	-27.3%	$232,500	-31.6%	$350,000	$131	-47.3%
Suisun City	94585	60	130.8%	$224,500	-44.6%	$407,000	$156	-38.8%
Vacaville	95687	75	10.3%	$277,500	-30.6%	$615,000	$187	-25.0%
Vacaville	95688	48	71.4%	$367,500	-31.1%	$1,600,000	$189	-29.8%
Vallejo	94589	47	67.9%	$226,000	-41.3%	$787,500	$159	-43.1%
Vallejo	94590	40	29.0%	$205,500	-45.9%	$362,500	$147	-48.6%
Vallejo	94591	101	94.2%	$337,500	-20.6%	$530,000	$179	-37.6%
Vallejo	94592	3	0.0%	$430,000	-26.0%	$445,000	$186	1347.8%

Sonoma County
Bodega Bay	94923	2	-50.0%	$640,000	-24.0%	$850,000	$486	15.1%
Cloverdale	95425	10	-16.7%	$395,000	-6.6%	$3,000,000	$268	-1.9%
Cotati	94931	10	-33.3%	$255,000	-47.0%	$608,000	$258	-39.0%
Forestville	95436	2	-83.3%	$388,000	2.4%	$520,000	$330	-20.8%
Glen Ellen	95442	2	0.0%	$705,750	-14.4%	$1,112,500	$537	-23.5%
Guerneville	95446	7	-36.4%	$358,000	32.6%	$690,000	$306	18.3%
Healdsburg	95448	11	-42.1%	$510,000	-12.7%	$1,290,000	$327	-12.0%
Penngrove	94951	2	0.0%	$677,727	-23.6%	$680,000	$389	-32.2%
Petaluma	94952	28	-24.3%	$572,500	-7.2%	$1,225,000	$338	-15.8%
Petaluma	94954	49	53.1%	$390,000	-26.4%	$735,000	$256	-21.0%
Rohnert Park	94928	45	4.7%	$307,500	-27.5%	$560,000	$232	-23.9%
Santa Rosa	95401	55	37.5%	$292,750	-34.1%	$712,000	$218	-40.7%
Santa Rosa	95403	59	55.3%	$310,000	-36.0%	$830,000	$224	-39.0%
Santa Rosa	95404	46	27.8%	$367,000	-33.0%	$1,160,000	$276	-21.3%
Santa Rosa	95405	17	-37.0%	$344,000	-34.5%	$628,000	$246	-30.7%
Santa Rosa	95407	41	86.4%	$276,000	-44.2%	$430,000	$204	-39.9%
Santa Rosa	95409	32	-8.6%	$525,000	-10.3%	$1,025,000	$289	-21.7%
Sebastopol	95472	17	-19.0%	$571,000	-16.0%	$1,465,000	$369	-19.1%
Sonoma	95476	33	-31.3%	$529,000	-20.7%	$1,500,000	$340	-20.0%
The Sea Ranch	95497	1	0.0%	$685,000	-68.1%	$685,000	n/a	n/a
Windsor	95492	30	-9.1%	$390,250	-25.2%	$642,500	$228	-26.9%

FreeCreditReport.Com Does Not Give You A Free Credit Report

Heindrick — Mon, 25 Aug 2008 16:46:11 +0000

I mentioned this before in my Credit FAQs , but I thought I’d pay special attention to this misconception about your entitled free credit reports. Thanks to heavy advertising, a catchy tune, and a great domain name – it’s quite easy to mistake [freecreditreport dot com] as the source for a free credit report. (I refuse to give them a link)

The website is actually owned by a Experian Consumer Direct, a subsidiary of the credit bureau Experian. The site advertises a free credit report, and offers you a 7 day trail for their Triple Advantage monitoring system. Unfortunately, by enrolling in the trial, customers find themselves receiving a monthly bill of about $14.95/month.

The Real Deal

Instead the website everybody is looking for is www.annualcreditreport.com as they truly give you three free credit reports from each bureau annually. It’s unfortunate they didn’t own the domain [freecreditreport dot com], but if you’ve had experience in Web technology and domain names, you can see how owning relevant domains is so important.

I wish there would be commercials for these two websites in the form of Mac Vs. PC guy to clear up this issue, but for right now, word of mouth will have to do. Actually, since receiving so many complaints, [freecreditreport dot com] has put a disclaimer on their homepage stating the recurring monthly fees of the Triple Advantage Program.

So pass this news to friends and family, email it, and bookmark it – it sounds strange, but do not go to [freecreditreport dot com] for your free credit reports. Go to www.annualcreditreport.com

P.S.: A nice way of taking advantage of your annual three free credit reports is to obtain one every four months so you can stay current throughout the year.

Check Out the New Realtor Referral Page

Heindrick — Tue, 19 Aug 2008 23:35:12 +0000

We’ve updated the Realtor Referral page recently and it is now fully functional. When you submit a request, make sure you include your area of interest – this way we can provide you with a few Realtor options whom are successful and comfortable in that specific market.

Realtor Referral Application

The BEST Way to Get Rid of Ants

Heindrick — Mon, 18 Aug 2008 20:47:03 +0000

I really hate ants. I’ve used sprays, traps, soapy water, and voodoo before but I will never go back to them again. Awhile back, I realized that you really need to get them at the source – otherwise they just keep coming back. So traps are certainly the best choice as sprays and deterrents are just temporary.

Well lately, I used this Terro Liquid Bait Ant Trap and it is the BEST.

I’ve seen a lot of rave reviews about it and seen it on a few forums, well add me to this list. I have already gone through 3 boxes of these traps, and each has managed to attract hundreds of ants leaving a little cemetery of ants left in the traps. They literally go crazy for the first few days, and after awhile – all gone. I guess they bring back the “poison” to their base and it kills off the majority. The ones left in the traps are the real greedy ones I take- the guys who wanted all the good stuff for themselves, and stayed there apparently till the poison took effect.

Pictures
These next few pictures are a little more graphic so I didn’t want to post them right on this page. But if you hate ants as much as I do and are looking for something to finally get rid of them, I’m sure you’ll have no problem

Terro Ant Trap right next to a Grants Trap

Closeup of Terro filled with ants. Yes those little black things are all ants. The trap is clear when you get it new

Some other traps that I have used.

So there you go. Hopefully, you guys have as much success as I did with these traps. I’d also be happy to know if you have any tips or comments (like using chalk as a deterrent) to share with me as well.

First Time Home Buyers: Don’t be scared of $7500 Tax Credit, Just be Informed

Heindrick — Mon, 18 Aug 2008 19:53:38 +0000

There was first a lot of coverage of the recent housing bill, but I feel like the $7500 is getting some negative press as the fine print becomes more apparent. CNN just put out an article titled, “Beware the $7500 ‘Tax Credit’” as if it was something to be afraid off. Well don’t be afraid, just be informed.

Bottom Line
To help stimulate the housing economy and hopefully entice home buyers, the recent bill has publicized a tax credit for first time home buyers

Here’s the Scoop

First-Time Home Buyers or buyers who have not owned a home in three years are eligible
Individuals must earn less than $75,000 while couples must earn less than $150,000
Individuals with incomes up to $95,000 and couples with income up to $170,000 are still eligible for partial credit
A tax credit will be issued for 10% of the sale price up to $7500. Most will receive the $7500 tax credit, but if you purchase a home for less than $75,000 your credit is capped at 10%. (i.e. $55,000 purchase price = $5500 tax credit)
If you owe less taxes than the tax credit, the remainder will be issued as a refund. (If you owe $10,000 in taxes, you will pay $2500. If you owe $4,500 in taxes, you will receive $3,000)

How it’s Repaid

Borrowers must start paying back this “loan” after two years and the loan must be paid off within 15 years.
If the home is sold, the remaining balance is paid for with the profits from sale. If the sale is at a loss, the remaining balance will be forgiven.

So there you have it. While it isn’t free money as many had thought it to be, it is still a nice incentive for home buyers today. It is essentially a personal loan with zero percent interest with quite flexible terms. Read more about the Rescue Housing Bill including a PDF summary page.

Will Energy Efficient Mortgages Solve the Climate AND Housing Crisis – probably not, but still interesting.

Heindrick — Mon, 18 Aug 2008 18:28:54 +0000

With the current housing crisis and climate crisis, I really wish there would be an answer for some of our ongoing problems. What’s that? An energy efficient mortgage you say? Well, this may not be the answer we were all hoping for but it still quite an interesting option.

What is a Green Mortgage, Energy Efficient Mortgage, EEM?
This type of mortgage allows for higher loan amounts and financing support for homes which have achieved a certain energy savings rating. The reasoning is that since the home is energy efficient, you will be saving money on your monthly utility bills and have lower expenses. As a result, they figure this savings into your loan qualification ratios and allow you to finance a home with a larger monthly payment.

To get an EEM a borrower typically has to have a home energy rater conduct a home energy rating before financing is approved. This rating verifies for the lender that the home is energy-efficient.

EEMs are typically used to purchase a new home that is already energy efficient such as an ENERGY STAR qualified home. The term EEM is commonly used to refer to all types of energy mortgages including Energy Improvement Mortgages (EIMs), which are used to purchase existing homes that will have energy efficiency improvements made to them. EIMs allow borrowers to include the cost of energy-efficiency improvements to an existing home in the mortgage without increasing the down payment. EIMs allow the borrower to use the money saved in utility bills to finance energy improvements. Both EEMs and EIMs typically require a home energy rating to provide the lender with the estimated monthly energy savings and the value of the energy efficiency measures — known as the Energy Savings Value.

EEMs (and EIMs) are sponsored by federally insured mortgage programs (FHA and VA) and the conventional secondary mortgage market (Fannie Mae and Freddie Mac). Lenders can offer conventional EEMs, FHA EEMs, or VA EEMs.

Conventional Energy Efficient Mortgages

Conventional EEMs can be offered by lenders who sell their loans to Fannie Mae and Freddie Mac. Conventional EEMs increase the purchasing power of buying an energy efficient home by allowing the lender to increase the borrower’s income by a dollar amount equal to the estimated energy savings. The Fannie Mae loan also adjusts the value of the home to reflect the value of the energy efficiency measures.

FHA Energy Efficient Mortgages

FHA EEMs allow lenders to add 100 percent of the additional cost of cost-effective energy efficiency improvements to an already approved mortgage loan (as long as the additional costs do not exceed $4000 or 5 percent of the value of the home, up to a maximum of $8000, whichever is greater). No additional down payment is required, and the FHA loan limits won’t interfere with the process of obtaining the EEM.

Pretty interesting to see that both Fannie and Freddie, as well as FHA and VA officially sponsor this type of mortgage. I guess we’ll see how this plays out in the near future.

[Energy Star Website]