Real Estate Market (still) In Recovery Mode?
September 11th, 2009 by Allison JordanIn the August 2009 eppraisal.com National Real Estate Market Analysis report, released today, 76 percent of the markets tracked saw an increase in the median home value, which was up from 50 percent in the prior report (July). In the current report, the trend continues with 80 percent of the markets tracked by eppraisal.com showing positive gains in home values. Even larger markets that have taken substantial hits in the past are showing continued recovery. For example, San Francisco, Los Angeles, and San Diego markets all saw over a 5 percent increase in the median home value with 17.8 percent, 6.7 percent, and 7.7 percent increases.
The full list of all 138 markets can be found in our market report. However, here are some of the most notable highlights.
- Santa Cruz-Watsonville, Calif., jumped 32 percent to a median value of $515,000.
- The Orlando-Kissimmee, Fla., area has stopped the decline and has increased by 1.6 percent to a median value of $152,900.
- Bend, Ore., and Sherman-Denison, Tex., were the only areas (tracked by eppraisal.com) that saw double digit declines in home values. Bend, Ore., dropped by 11.6 percent to a median value of $175,000, and Sherman-Denison, Tex., decreased by 11.2 percent to a median value of $86,568.
- Honolulu, HI, had a modest decrease of 1.6 percent to a median value of $555,000.
- Salt Lake City, UT, also had a modest decrease, with a 1.4 percent drop in value to a new median of $227,992.
The National Real Estate Market Analysis report tracks median sales price of residential homes in 138 markets across the continental U.S. compares data on homes sold in the last three months ending July 2009 with homes sold in the previous three months beginning on February 2009 and ending April 2009. This report compares data on homes sold in the last three months ending July 2009 with homes sold in the previous three months beginning on February 2009 and ending April 2009.
See the full list of national home value rankings.
Tags: eppraisal.com, home values, house value, Real Estate Market
September 11th, 2009 at 7:44 pm
Hi Allison,
It’s very updated and just what I was looking for. Information regarding Santa Cruz Ca real estate was my primary concern. I’ve been planning and taking precations, doing feasibility studies for a long time to invest in the RE industry.
September 12th, 2009 at 6:58 am
As the economy of USA is in a critical condition the real estate business
started falling down. It is a good news that the market is now recovering from this situation. I am mainly interested about Santa Cruz. It’s recovery is 32 percent worth of $515,000. That makes me more hopeful.
September 13th, 2009 at 12:03 pm
[...] recently read the following article found here, and were encouraged that pricing appears to have found a “floor” in many parts of the [...]
November 19th, 2009 at 6:17 pm
Fear of Double Dip in Housing.
Here are the latest numbers:
Percentage of U.S. households behind on payments, but not yet in foreclosure: 3.4% up from 1.5% a year ago.
Number of homes listed for sale in the U.S.: 3.63 million, down 15% from one year earlier.
Forecast by Amherst Securities Group of upcoming foreclosures in next two years: Seven million homes
Drop in average housing value since April 2006: 30%
Percentage of U.S. households 30 days or more overdue: 12.4%, up from 8.6% one year ago.
April 4th, 2010 at 4:07 pm
For the fourth consecutive month, housing prices fell slightly, dipping 0.4% from December on a non-seasonally adjusted basis, according to the Standard & Poor’s/Case-Shiller home price index, which tracks 20 large cities. Values dropped in 18 of 20 metro areas, with only Los Angeles and San Diego posting modest gains.
From May to September, home prices rose 5.3% on the stock market rally and pent-up demand. But the run-up stalled as a first-time home buyers’ tax credit expired in November and foreclosures bloated housing stocks.
“I think we’ve moved from a rebound phase to a if-we-hang-on-everything-will-get-to-where-we-belong phase.”
Carmen Arruda, Fidelity National Title
April 4th, 2010 at 4:45 pm
Real Estate 2010 – Latest Forecasts for the nations largest metro area’s
1 Hanford, CA -25.9%
2 Miami, FL -22.5%
3 Fort Lauderdale, FL -21.3%
4 West Palm Beach, FL -18.5%
4 Phoenix, AZ -18.5%
6 Las Vegas, NV -15.4%
7 Tampa, FL -13.8%
8 Pensacola, FL -13.6%
9 Gainesville, FL -13.4%
9 Suffolk, NY -13.4%
11 New York, NY -12.9%
12 Ocean City, NJ -11.8%
12 Bethesda, MD -11.8%
14 Deltona, FL -11.1%
15 Washington, DC -10.7%
16 Atlantic City, NJ -10.0%
16 Naples, FL -10.0%
18 Fort Walton Beach, FL -9.9%
19 Edison, NJ -9.8%
19 Minneapolis, MN -9.8%
21 Orlando, FL -9.0%
22 Prescott, AZ -8.6%
23 Los Angeles, CA -8.1%
24 Salisbury, MD -7.8%
25 Jacksonville, FL -7.5%
Carmen Arruda – Fidelity National Title – Bellevue WA
August 16th, 2010 at 10:36 pm
It’s a very updated and just what I was looking for. Information regarding Santa Cruz Ca real estate was my primary concern. I’ve been planning and taking precautions, doing feasibility studies for a long time to invest in the RE industry.I LOVE this buisness
Real Estate Land
August 28th, 2010 at 10:10 am
Is anyone aware that oftentimes false and deceptive information is placed on these so called “professional” sites such as eppraisal.com, zillow.com and others? These sleazy outfits do not check or verify any of the information their respective companies place online yet they claim the information is taken from public records. Well, I can tell you, this is not true. They show my home being sold for a ridiculously low price in 2006 when no such sale ever took place. This is easily confirmed by public tax records. These sites are nothing more than junk advertising as they defraud the general public.. Wake up people, it is nothing more than a money making scheme for them and if they hurt anyone with the misleading information so be it.