Industry News

San Francisco tops list for real estate prices in California

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Median existing single-family home prices in California soared from $23,210 in 1968 to $372,720 in 2003, while the national median price jumped from $20,100 to $170,000 in the same period, the California Association of Realtors reported today. The association's annual historical data summary for the existing single-family housing market also shows that annual sales activity increased from 216,054 in 1970 to 601,770 in 2003, compared with national sales activity, which increased from 1.61 million in 1970 to 6.1 million in 2003. The San Francisco and Santa Clara regions had California's highest median prices for existing single-family homes, the report states. The median price of an existing single-family home in the San Francisco area increased from $128,090 in 1982 to $558,100 in 2003, the report states, and in the Santa Clara area existing median home prices increased from $275,270 in 1989 to $556,470 in 2003. Meanwhile, the High Desert, Riverside/San Bernardino and Central Valle...