SNAPSHOT OF HOUSING ECONOMY

Much has been written about the housing market of the last decade, but many still have trouble understanding where we are now as opposed to then.  This is just a microcosm look at one home model built in the Wildwood area of Thousand Oaks, California.house_money_pile_shutterstock_83573653

The tract is Wildflower built between the years 1976 and 1979.  The model, a two-story, four-bedroom, three-bath home of 2,150 square feet, is called Plan 400 or Wild Rose.  This model made up about 30% of the tract which was comprised of four models and has proved very popular with a downstairs bedroom and full bath plus an indoor laundry.  Highs and lows reflect differences in locations within the tract and the degree of improvements made to individual homes.  Since this snapshot is dealing with one model, the median and average prices are very close.  The market still needs to increase over 10% to reach 2005 levels.

Chart2015

Year Low Medium Average High # of
Sales
2003    465,000    514,000   505,600    525,000 5
2004    615,000    672,500   707,167    835,000 6
2005    750,000    760,000   765,360    789,900 5
2006    725,000    746,000   746,750    770,000 4
2007    612,000    690,000   690,167    750,000 6
2008    505,000    587,000   568,400    635,000 5
2009    569,000    597,000   588,667    600,000 3
2010    600,000    602,500   602,500    605,000 2
2011    550,000    590,000   618,333    715,000 3
2012    515,000    535,000   535,000    555,000 2
2013    620,000    629,000   638,250    675,000 5
2014    612,000    616,000   616,000    620,000 2
2015    620,000    679,250   687,125    770,000 4

There are no comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: