Nell, Both Buyer and Seller in Santa Rosa, CA

What was the annual growth of CA real estate in the years 2005-2009?

Asked by Nell, Santa Rosa, CA Sat Jun 19, 2010

Help the community by answering this question:

Answers

3
Here are the numbers I know and will use Sonoma County as an example:

2005 annual median home value was 577,000
2006 it was 554,000
2007 it was 525,000
2008 it was 389,450
2009 it was 340,000
2010 it was 350,000
2011 it was 327,153
currently it is 295,000.

2005 peak year sales were 6,432.
2011 sales were 4,560.

Peak year sales in 9 bay area counties was 97,000.
Sales last year for these counties was 55,000.

The only way any real estate number experienced growth since 2005 was in number of distressed property sales.

2007 foreclosures in 9 bay area counties was 1695
2008 foreclosures were over 22,000
2009 foreclosures were over 34,000

Since 2008 over 105,000 families have lost their homes to foreclosure or short sale.
right now over 1000 families face the auctioning of their homes EVERY DAY.

Real estate is a disaster, for the owners, for the industry, for home construction, for our communities, for our local governments, for our jobs.

We must work together to stop foreclosures and get our country back.
0 votes Thank Flag Link Sat Mar 24, 2012
What do you mean by growth? In listings, in sales, in construction? I have only counted the sales for those years for the 9 bay area counties plus lake and sacramento counties, not the entire state. IHowever, I'm quite sure the rest of the state would hsow similar trends. If you added up the sales for each county's peak year (either 2004 or 2005), there were 97,327 total homes sales. In 2006 the home sales were 61,873, 2007 the sales were 49,678, in 2008 the sales were 67,342, and in 2009 the sales were 70,138. It's easy to see that 2007 was the low point, and that sales have risen the last two years consecutively. What's a bit surprising, is that between the peak year and 2009, the median fell around 50%. One would have expected sales to double, not decline. There are many reasons for this, all of which indicate how the market has been devastated.
0 votes Thank Flag Link Sat Jun 19, 2010
Nell -

This might help. http://twitpic.com/1y58yx

CJ
Web Reference: http://www.TalkToCJ.com
0 votes Thank Flag Link Sat Jun 19, 2010
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer