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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (10641)	5/11/2003 3:53:37 PM
From: pass pass	Read Replies (1) \| Respond to of 306849

Lizzie, my 20% number is for the median price, not the top bracket. The multi-million dollar mansions can drop all they want and I don't give a damn. I was talking about houses for working class with regular income.

To: Lizzie Tudor who wrote (10641)	5/11/2003 7:47:08 PM
From: David Jones	Read Replies (1) \| Respond to of 306849

Lizzie I'm looking at Saturdays Mercury news and under housing spotlight it gives the median house prices for the four weeks prior to March 26 vs. the same time last year covering Santa Clara. And April 11 vs same time last year for San Mateo and Santa Cruz. For Zip 94010 Burlingame, San Mateo, April 11th vs last year same time I see, 1.15M average price, 47.4% increase, $552 per sq. ft, 26 unites sold, 29.7% decrease in volume. So I'm reading an increase in price of some 47% for Burlingame not a decrease. To gather perspective, in Palo Alto, Santa Clara, which has two zips codes. March 26 vs same time last year. First zip 94301 has a 500k ave, -40.5% Decrease in price, 11 sold, 8.3% decrease in volume. But for 94306 which has a 760k average, 16.7% Increase in price, 17 sold, 26.1% decrease in volume. So same town two zip codes one zip a 40.5% decrease in price the other a 16.7% increase in price. Location or statistic aberrations? Did you know nine out of ten doctors ASKED use Bayer aspirin?)