Diablo Valley & Lamorinda, SF, CA & U.S. Median Home Price Trends
Annual Median Sales Price Changes by Dollar and by Percentage
Appreciation is typically viewed through the lens of percentage changes, but looking at dollar-value increases is another angle that is sometimes more interesting. Below are charts measuring appreciation by both parameters.
Comparing the first half of 2018 to 2017, the median house sales price in Diablo Valley and Lamorinda increased by $65,000 or 5.2%. Note that it is not a given that the second half of the year will see home price appreciation at similar rates: Prices could increase further, or they might plateau or even tick down instead. For the last 7 years, spring has typically been the most feverish selling season of the year and has often powered most of the appreciation occurring over the full year.
Median sales price is that price at which half the sales occurred for more and half for less. Median sales prices are often affected by other factors besides changes in fair market value, such as changes in inventory or in luxury home sales.
Home Value Appreciation by City 2012 through Mid-2018
Median Sales Prices
Average Dollar per Square Foot Values
Home Sales & Prices by City & Bedroom Count
Reflecting 12 Months Sales through Mid-2018
Where Best to Look in Your Price Range Home Sales by City & Price Segment
Luxury Home Sales by City
City Sales Breakdowns
Additional reports can be found here: Paragon Main Reports Page
Please let us know if you have questions or if we can be of assistance in any other way.
It is impossible to know how median and average value statistics apply to any particular home without a specific, tailored, comparative market analysis. In real estate, the devil is always in the details. These analyses were made in good faith with data from sources deemed reliable, but may contain errors and are subject to revision. It is not our intent to convince you of a particular position, but to attempt to provide straightforward data and analysis, so you can make your own informed decisions. Median and average statistics are enormous generalities: There are hundreds of different markets in San Francisco and the Bay Area, each with its own unique dynamics. Median prices and average dollar per square foot values can be and often are affected by other factors besides changes in fair market value. Longer term trends are much more meaningful than short-term. Late-reported MLS activity may change certain statistics to some small degree.
