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1   SunnyvaleCA   2019 Dec 4, 10:03pm  

Home prices will change less dramatically-- up .8% nationwide, but down .4% in the San Francisco metro market and up more than 2% in the San Jose Area.

The cooling is the number of sales. Supposedly decrease of 4.5% in worst hit locations. So, overall, eh. 😴
2   BayArea   2019 Dec 4, 10:08pm  

San Jose’s metro down 10% YoY
3   Blue   2019 Dec 4, 10:44pm  

During the last 10 yr, the prices went up more than 300% at many places around. But why this is even a 'news'.
4   BayArea   2019 Dec 5, 6:25am  

Blue says
During the last 10 yr, the prices went up more than 300% at many places around. But why this is even a 'news'.


Where?

200% in some places yes, but 300%?
5   Onvacation   2019 Dec 5, 6:34am  

BayArea says
Blue says
During the last 10 yr, the prices went up more than 300% at many places around. But why this is even a 'news'.


Where?

200% in some places yes, but 300%?

Vallejo, Pittsburg, and other fringe areas.
6   B.A.C.A.H.   2019 Dec 5, 7:48am  

This is a story about Shanghai, Mumbai, Bangalore. That's were the asking prices for SJ homes are determined.
7   Blue   2019 Dec 5, 12:46pm  

BayArea says
200% in some places yes, but 300%?

I know few in Sunnyvale, Cupertino, Los Altos and Fremont.
8   EBGuy   2019 Dec 5, 5:47pm  

Cisco continues to evacuate while Google buys some of their properties on Tasman. Will we see a light rail renaissance in conjunction with BART to SV 2020?!
9   Eman   2019 Dec 5, 7:47pm  

BayArea says
Blue says
During the last 10 yr, the prices went up more than 300% at many places around. But why this is even a 'news'.


Where?

200% in some places yes, but 300%?


If you looked at the hoods of Oakland and Richmond, you would find as much as 500-1000% appreciation. A tons of SFHs in the hoods were trading for $25-$50k a piece. They’re now selling for $400-$500k each. These areas were hit hard.

In the South Bay, 100% appreciation is typical, some 200% and fewer in the 300% range.

If you look at the newer condo complexes around San Jose Japantown (95112 zip code), they were selling for around $200-$250k each due to the HOAs were in litigation so it had to be cash purchases. These were picked up at the courthouse steps for about 75-80% of the short sale and REO values back in the days. Last year, they were trading $850-$900k each. They’re trading for closer to $800k now.

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