HAL CUTLER

Find Oxnard Real Estate, Port Hueneme Real Estate & coastal Ventura County, California Real Estate!

CAR Fact Sheet

My pals, loyal 24 hours a day! Really, 24 hours! They NEVER sleep, Really!

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Fact Sheet

Provided by the California Association of Realtors® - A trade association representing nearly 1750,000 REALTORS(R) statewide.

C.A.R. releases 2009-2010 “State of the California Housing Market”, March 10,2010

Affordable home prices, tax credits for home buyers, historically low interest rates, and a large number of distressed properties prompted many first-time home buyers to enter the market in 2009, according to C.A.R.’s 2009-2010 “State of the California Housing Market” report released today.

California’s median home price hit bottom in February 2009 at $245,170. Since then, the median home price has increased steadily in month-to-month comparisons, but remained below 2008 levels throughout 2009. The annual median price is projected to increase to $280,000 in 2010 from $271,000 in 2009.

Homes priced $500,000 or less dominated the sales mix throughout 2008 and early 2009, but peaked at 85 percent in January 2009. Meanwhile, the market share of homes sold for more than $500,000 increased from 15 percent in January 2009 to 25 percent in July 2009, holding steady around that figure for the remainder of last year.

FAST FACTS

Calif. median home price: February 2010: $279,840 (Source: C.A.R.)
Calif. highest median home price by C.A.R. region February 2010: Santa Barbara So. Coast $795,000(Source: C.A.R.)
Calif. lowest median home price by C.A.R. region February 2010: High Desert $122,580 (Source: C.A.R.)
Calif. First-time Buyer Affordability Index - Fourth Quarter 2009: 64 percent (Source: C.A.R.)
Mortgage rates - week ending 3/18/10 30-yr. fixed: 4.96 Fees/points: 0.7% 15-yr. fixed: 4.33% Fees/points: 0.6% 1-yr. adjustable: 4.12% Fees/points: 0.6% (Source: Freddie Mac)

Contact Information

Telephone: business: 805-984-1995; home office: 805-984-4199
cell: 805-377-1090
FAX: business: 805-986-1242; home office: 805-984-0438
Postal address
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Electronic mail: General Information, Sales & support:; hal.cutler@verizon.net

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Send mail to hal.cutler@verizon.net with questions or comments about this web site. Surfside-Anacapa Real Estate is independently Owned and Operated. Harold "Hal" Cutler is licensed by the California Department of Real Estate #01138681. Information contained herein is deemed reliable, but not guaranteed. References to size or square footage is taken from public records but is not verified. If your property is listed with a Broker, this site is not intended as a solicitation of the listing. Property offered is subject to prior sale. Consult a qualified specialist for legal or tax issues.
Copyright © 2001 HAL CUTLER - Realtor
Last modified: May 09, 2010 11:44