Does anybody know if property prices specially houses, in california, have gone up or down?

Answer 1

Some areas in Orange County are stable and in Irvine, I have seen a 3% increase in price near the Irvine Spectrum area. Other areas are sinking.

Regards

Answer 2

There are dropping throw the floor. As you can see from above there is a lot of spin, the number are way down but the median price did go up. What really happen there is nothing on the low end or middle is moving, so the few large homes sold at deep discount making the number look like the gained. Have 1.6 million home sell for 1.2 million raise the median price but the truth is there is a big drop.

Check out this web site and you see why there is a big drop and it is going to get a lot worst.

http://www.breakingbubble.com/index.htm

Answer 3

Not all of California is exactly the same, but as a general rule housing prices have gone down a little bit from where they were this time last year. In our area, houses that were appraised at about $500,000 last year are now selling for around $430,000. That's for a good size 3 bedroom, 2 bath home.

Answer 4

Give the specific area, as prices in Ca have gone up and down. i see a lot of properties with the future appraised value going for a lot of money. As a general rule, IN ANY AREA, any house for a "true"million and up will continue to climb no matter what happens to the economy as people that can afford "true"1 million plus homes aren't affected by the economy like the average person. When i say "true", i don't mean post construction or supply and demand, I mean homes that people have lived in for awhile and are truly worth every penny and aren't even listed like regular homes, they are passed from generation to generation.

Answer 5

All over the country prices have come down in housing.......prices have gone up steadily over the past 8 years and over the past 5 years at an increasingly alarming rate up thru 2005.........this year house prices have been going down.......right now we are in what's called a "buyers market". Meaning a large supply of homes are available to the buyer.
The housing market should level off by May of 2007 they are predicting.

Answer 6

they've gone up a lot in recent years (in most places) and have now steadied

Answer 7

gone down... of course.

Was going to sell my house for $575K in May... now worth $540K... and I live in S.B. county... what do you think... also its my job to know ... :)

Answer 8

who the hell knows

Answer 9

when, where,

try again.