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January 2010 |
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The median home price in December of 2009 was $172,500
Median home prices have been relatively flat since February of 2009 when they hit
$158,700
The median home price peaked in November of 2005 at $352,950
The average home price was $97,563 in January of 1988
We switched to tracking median home prices in February of 1997
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There were 153 active listings on January 1, 2009
The number of active listings peaked on September 1, 2006 at 503
There were 52 closed sales in December of 2009
The number of closed sales peaked at 109 in March of 2005
The number of closed sales dropped to 21 in December of 2007
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Inventory on January 1, 2009 was 2.9 months
Inventory peaked on March 1, 1997 at 22.5 months
Inventory on January 1, 2008 was 16.7 months |
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The market value index is another way to measure changing real estate values. We have selected 6 homes throughout Yuba City that represent different segments of our market. We do a market analysis on each of these homes every month.
The index was 159.7 on December 1, 2009
The index has been relatively flat since March 1, 2009 when it was 161.2
The index on January 1, 1998 was 100.0
The index peaked on September 1, 2005 at 284.0
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The average 30 year fixed interest rate in December of 2009 was 4.93%
The average 1 year adjustable interest rate in December of 2009 was 4.70%
The average 30 year fixed interest rate was 13.04% in February of 1980 but jumped by over 3% in the next two months hitting 16.33% in April of 1980 before dropping back to 12.19% 3 months later. It then climbed over 6% in the next 15 months finally topping out at 18.45% in October of 1981. |
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There were 61 foreclosures in December of 2009
The number of foreclosures peaked in August of 2008 at 107 |
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There were 62 foreclosures in December of 2009
The number of foreclosures peaked in June of 2009 at 108 |
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