Posts from May 2018

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May
22

Spice up the usual egg salad with the addition of avocado. Avocado makes a delicious and nutritious addition to egg salad and thanks to its naturally creamy texture, you can enjoy egg salad without the adding mayo! Creamy Avocado Egg Salad (Healthy, Low-carb, Keto)If you haven't tried avocado egg salad then it's time you enjoy egg salad in a whole new way. A simple nutrition rich ingredient such as avocado with the addition of lemon, salt, pepper and your favorite herbs works wonders and adds much-needed flavor and zest to the typical egg salad. Play around with the herbs and use parsley, dill or chives or use my personal favorite, cilantro, and enjoy a wholesome flavor-packed dish.

It's packed full of fiber thanks to the avocado and is great if you are on a low-carb, paleo or keto diet or if you simply want a healthy salad. Because avocado is naturally creamy in texture, you won't need as much mayo to make it creamy. A few tablespoons of Greek yogurt or sour-cream go a long way in making this salad creamy! Creamy Avocado Egg Salad (Healthy, Low-carb, Keto)

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Creamy Avocado Egg Salad

 
 
 Prep Time 10 minutes
 Cook Time 10 minutes
 Total Time 20 minutes
 Servings 2
 Author Layla

Ingredients

  • 1 medium avocado pitted and peeled
  • 3 hard-boiled eggs peeled and chopped
  • 2 tablespoons Greek yogurt sour-cream or light mayonnaise will also work
  • 1 teaspoon fresh lemon or lime juice
  • 1 tablespoon minced cilantro parsley, dill or chives will also work
  • Salt and fresh pepper to taste

Instructions

  1. In Medium bowl, Add avocados and mash with a spoon until chunky. Add the remaining ingredients and mix with a spoon until creamy.
  2. Serve on whole-grain toast or enjoy with toasted pita chips.


Creamy Avocado Egg Salad (Healthy, Low-carb, Keto)

May
22

Great Facts for you to see! If you are thinking of buying or selling call us we are here to help you! Sunshine Properties Real Estate 760-728-8855

California kicks off spring home-buying season with mixed results, C.A.R. reports

- Existing, single-family home sales totaled 416,790 in April on a seasonally adjusted annualized rate, down 1.7 percent from March and up 2.2 percent from April 2017.

- April's statewide median home price was $584,460, up 3.5 percent from March and 8.6 percent from April 2017.

- For the first time in nearly three years, the number of available homes for sale increased, following nearly two consecutive years of double-digit declines in active listings.

LOS ANGELES (May 17) – California's spring housing market posted mixed results as home sales cooled in April and home prices continued to accelerate, especially in the San Francisco Bay Area region, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.  

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 416,790 units in April, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide.

The statewide annualized sales figure represents what would be the total number of homes sold during 2018 if sales maintained the April pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

April's sales figure was down 1.7 percent from the 423,990 level in March and up 2.2 percent compared with home sales in April 2017 of a revised 407,960. March marked the second straight deceleration in home sales and the first decline in three months.

"After nearly three years of decline in active listings, we're finally seeing an improvement in the availability of homes for sale, which is encouraging for prospective buyers as we enter the busy spring home-buying season," said C.A.R. President Steve White. "However, entry-level buyers may continue to experience the housing shortage as homes priced under $300,000 continue to bear the brunt of inventory issues."   

Home prices maintained their strong year-over-year growth across California, with the statewide median price jumping 3.5 percent in April to reach $584,460, up from a revised $564,830 in March and rising 8.6 percent from a revised $537,950 in April 2017. With the median price per square foot rising to $281, the growth in home prices marks true increases in home values rather than a shift in the market toward sales of larger or higher-end homes. However, with the Bay Area outperforming the rest of the state, there is undoubtedly some pressure on the median price as the Bay Area made up a larger share of home sales.

"After increasing year-over-year by more than 8 percent for the past three months, the California median home price is close to striking distance of the pre-recession peak price of $594,530, which was recorded in May 2007," said C.A.R. Senior Vice President and Chief Economist Leslie Appleton-Young. "With a continued imbalance of supply and demand, we'll likely break previous price records – which many areas have already done – before the summer is over."

Other key points from C.A.R.'s April 2018 resale housing report include:

  • On a regionwide, non-seasonally adjusted basis, all major regions recorded both solid month-to-month and year-over-year sales gains. The San Francisco Bay Area led the way with a 6.0 percent monthly increase and 6.1 percent annual increase. Sales in the Inland Empire rose 2.9 percent from March and 4.6 percent from a year ago. The Los Angeles metro region experienced a 2.3 percent monthly sales gain and a 1.6 percent annual increase.
  • The Bay Area continued to lead the state in sales, with Alameda recording a double-digit annual sales gain of 14.5 percent. Santa Clara, Contra Costa, and Sonoma also recorded healthy annual sales gains of 8.7 percent, 7.1 percent, and 6.8 percent, respectively.
  • Reversing five months of annual sales decreases, the Southern California market also posted solid sales growth, thanks to a strong performance in San Bernardino County, which experienced a 9.8 percent year-over-year sales increase. The rest of the region experienced little growth or actually contracted in the cases of San Diego and Ventura counties.
  • The Central Valley region posted a 2.6 percent increase from a year ago as several counties registered large, double-digit increases including Merced and Kings counties in the south and Placer County to the north. However, these were partially offset by equally large declines in Glenn, Madera, and San Joaquin counties.
  • The bottom end of the market continues to bear the brunt of the housing shortage as sales of homes priced under $300,000 declined 15 percent on an annual basis, though the magnitude of the declines has slowed. Conversely, sales of homes priced $1 million and higher continued to grow by double-digits.
  • Despite median home prices well exceeding $1 million in the Bay Area, sales remained robust in April as the region's median price increased 14.1 percent from a revised $885,000 last April to $1,010,000 in April 2018. Prices in six of nine counties increased double-digits on a year-over-year basis. Additionally, at $969,300, Alameda County is on the cusp of hitting a median home price of $1 million.
  • By contrast, home prices in Southern California were tepid but still showed a steady, upward trend. Los Angeles and San Bernardino counties posted double-digit increases, while prices throughout the rest of the region grew by mid-single-digits in April. While dipping slightly in April, at $818,000, the median home price in Orange County is close to its pre-recession peak.
  • Statewide condo/townhome prices continued to soar, setting another record price high in April. The California condo/townhome median price reached $476,010, up 2.1 percent from the revised $466,420 registered in March and rose a solid 9.1 percent from $436,390 a year ago.
  • Statewide active listings finally reversed nearly three years of decreases after rising 1.9 percent in April. Listings had been trending upward since the beginning of this year, following nearly two consecutive years of uninterrupted, double-digit declines.
  • After falling below the 3-month benchmark in March for the first time since the end of 2017, the statewide unsold inventory index ticked up to 3.2 months in April compared with 2.9 months in March and 3.3 months in April 2017.
  • The median number of days it took to sell a California single-family home remained low at 15 days in April compared with 17 days in April 2017.
  • C.A.R.'s statewide sales price-to-list price ratio* was 100 percent in April, unchanged from April 2017.
  • The average statewide price per square foot** for an existing, single-family home statewide was $281 in April, up from $261 in April 2017.
  • Mortgage rates have been on the rise since breaking the 4.0 percent barrier in March. The 30-year, fixed-mortgage interest rates averaged 4.47 percent in April, up from 4.44 percent in March and from 4.05 percent in April 2017, according to Freddie Mac. The five-year, adjustable mortgage interest rate also ticked higher in April to an average of 3.66 percent from 3.65 percent in March and from 3.15 percent in April 2017.

Graphics (click links to open):

Note:  The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS® throughout the state and represent statistics of existing single-family detached homes only. County sales data are not adjusted to account for seasonal factors that can influence home sales.  Movements in sales prices should not be interpreted as changes in the cost of a standard home.  The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower-end or the upper-end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold.  The change in median prices should not be construed as actual price changes in specific homes.

*Sales-to-list price ratio is an indicator that reflects the negotiation power of home buyers and home sellers under current market conditions. The ratio is calculated by dividing the final sales price of a property by its last list price and is expressed as a percentage.  A sales-to-list ratio with 100 percent or above suggests that the property sold for more than the list price, and a ratio below 100 percent indicates that the price sold below the asking price.

**Price per square foot is a measure commonly used by real estate agents and brokers to determine how much a square foot of space a buyer will pay for a property.  It is calculated as the sale price of the home divided by the number of finished square feet.  C.A.R. currently tracks price-per-square foot statistics for 50 counties.

Leading the way…® in California real estate for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with more than 190,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

# # #

April 2018 County Sales and Price Activity
(Regional and condo sales data not seasonally adjusted)

April 2018

Median Sold Price of Existing Single-Family Homes

Sales

State/Region/County

April

2018

March 2018

 

April
2017

 

Price MTM% Chg

Price YTY% Chg

Sales MTM% Chg

Sales YTY% Chg

Calif. Single-family (SAAR)

$584,460

$564,830

 

$537,950

r

3.5%

8.6%

-1.7%

2.2%

Calif. Condo/Townhome

$476,010

$466,420

r

$436,390

 

2.1%

9.1%

4.9%

2.7%

Los Angeles Metro Area

$515,000

$515,000

 

$480,000

r

0.0%

7.3%

2.3%

1.6%

Inland Empire

$360,000

$351,450

 

$335,000

r

2.4%

7.5%

2.9%

4.6%

San Francisco Bay Area

$1,010,000

$980,000

 

$885,000

r

3.1%

14.1%

6.0%

6.1%

 

 

 

 

 

 

 

 

 

 

San Francisco Bay Area

 

 

 

 

 

 

 

 

 

Alameda

$969,300

$955,000

 

$875,000

 

1.5%

10.8%

9.4%

14.5%

Contra Costa

$689,660

$655,000

 

$653,694

 

5.3%

5.5%

2.6%

7.1%

Marin

$1,385,000

$1,392,500

 

$1,325,000

 

-0.5%

4.5%

32.7%

-0.5%

Napa

$682,500

$675,000

 

$685,000

 

1.1%

-0.4%

5.6%

3.3%

San Francisco

$1,650,000

$1,680,000

 

$1,402,500

 

-1.8%

17.6%

-2.6%

-3.1%

San Mateo

$1,770,000

$1,615,000

 

$1,500,000

 

9.6%

18.0%

-1.1%

-1.1%

Santa Clara

$1,425,000

$1,454,500

 

$1,160,000

 

-2.0%

22.8%

8.7%

8.7%

Solano

$447,500

$445,000

 

$400,000

 

0.6%

11.9%

1.9%

-4.4%

Sonoma

$685,000

$685,000

 

$608,000

 

0.0%

12.7%

4.9%

6.8%

Southern California

 

 

 

 

 

 

 

 

 

Los Angeles

$528,550

$528,980

 

$480,230

 

-0.1%

10.1%

2.9%

0.1%

Orange

$818,000

$824,450

 

$775,000

 

-0.8%

5.5%

1.9%

1.1%

Riverside

$400,000

$398,000

 

$379,000

 

0.5%

5.5%

4.3%

1.8%

San Bernardino

$289,900

$280,000

 

$255,500

 

3.5%

13.5%

0.6%

9.8%

San Diego

$635,000

$625,400

 

$590,000

 

1.5%

7.6%

6.7%

-1.3%

Ventura

$665,000

$638,500

 

$635,000

r

4.2%

4.7%

-6.2%

-6.7%

Central Coast

 

 

 

 

 

 

 

 

 

Monterey

$607,750

$625,000

 

$569,000

 

-2.8%

6.8%

1.3%

29.0%

San Luis Obispo

$597,505

$610,000

 

$572,500

 

-2.0%

4.4%

-5.9%

-1.2%

Santa Barbara

$650,750

$625,000

r

$569,000

r

4.1%

14.4%

1.3%

29.0%

Santa Cruz

$899,000

$910,000

 

$815,000

 

-1.2%

10.3%

25.6%

21.0%

Central Valley

 

 

 

 

 

 

 

 

 

Fresno

$260,000

$264,950

r

$244,090

 

-1.9%

6.5%

-0.7%

1.9%

Glenn

$215,000

$244,500

 

$230,000

 

-12.1%

-6.5%

-18.8%

-27.8%

Kern

$235,000

$232,500

 

$236,750

 

1.1%

-0.7%

-6.9%

2.4%

Kings

$235,000

$238,000

 

$232,000

 

-1.3%

1.3%

-1.9%

23.2%

Madera

$244,000

$265,000

r

$240,000

r

-7.9%

1.7%

2.9%

-22.2%

Merced

$259,000

$257,500

 

$247,915

 

0.6%

4.5%

-19.6%

13.3%

Placer

$489,000

$475,500

 

$460,000

 

2.8%

6.3%

12.7%

12.0%

Sacramento

$369,000

$365,000

 

$326,000

 

1.1%

13.2%

13.9%

6.5%

San Benito

$569,217

$586,670

 

$521,000

 

-3.0%

9.3%

7.3%

31.1%

San Joaquin

$374,990

$370,000

 

$340,000

 

1.3%

10.3%

-12.7%

-13.5%

Stanislaus

$306,000

$308,000

 

$283,000

 

-0.6%

8.1%

-3.4%

1.1%

Tulare

$229,250

$232,500

 

$214,900

 

-1.4%

6.7%

-6.6%

9.2%

Other Calif. Counties

 

 

 

 

 

 

 

 

 

Amador

$335,000

$340,000

 

$327,000

 

-1.5%

2.4%

-13.7%

-12.0%

Butte

$316,000

$315,000

 

$302,900

 

0.3%

4.3%

6.5%

-3.0%

Calaveras

$340,000

$325,000

 

$318,500

 

4.6%

6.8%

-2.0%

5.4%

Del Norte

$239,000

$200,000

 

$239,000

 

19.5%

0.0%

21.1%

21.1%

El Dorado

$499,999

$510,000

 

$474,500

 

-2.0%

5.4%

8.0%

13.4%

Humboldt

$309,000

$313,500

 

$300,000

 

-1.4%

3.0%

5.5%

19.6%

Lake

$285,000

$280,000

 

$248,468

 

1.8%

14.7%

18.2%

-7.1%

Lassen

$155,500

$135,000

 

$175,500

 

15.2%

-11.4%

-48.3%

-25.0%

Mariposa

$344,850

$279,500

 

$273,000

 

23.4%

26.3%

62.5%

-23.5%

Mendocino

$430,000

$379,000

 

$358,000

 

13.5%

20.1%

20.7%

-27.1%

Mono

$520,000

$780,000

 

$516,250

 

-33.3%

0.7%

0.0%

-30.0%

Nevada

$408,738

$430,000

 

$424,000

 

-4.9%

-3.6%

-14.7%

0.9%

Plumas

$280,250

$353,000

 

$239,000

 

-20.6%

17.3%

-14.3%

-55.6%

Shasta

$258,950

$242,500

 

$243,250

 

6.8%

6.5%

17.9%

8.2%

Siskiyou

$217,250

$226,350

 

$200,000

 

-4.0%

8.6%

-15.0%

-2.9%

Sutter

$280,000

$281,000

 

$249,500

 

-0.4%

12.2%

-12.8%

13.6%

Tehama

$210,000

$222,500

 

$207,000

 

-5.6%

1.4%

20.6%

46.4%

Tuolumne

$305,000

$292,500

 

$270,000

 

4.3%

13.0%

-2.3%

10.4%

Yolo

$495,000

$422,500

 

$386,750

 

17.2%

28.0%

20.5%

10.4%

Yuba

$285,000

$277,900

 

$267,500

 

2.6%

6.5%

2.6%

5.3%

r = revised

 

April 2018 County Unsold Inventory and Time on Market
(Regional and condo sales data not seasonally adjusted)

April 2018

Unsold Inventory Index

Median Time on Market

State/Region/County

April 2018

March 2018

 

April 2017

 

April 2018

March 2018

 

April 2017

 

Calif. Single-family (SAAR)

3.2

2.9

 

3.3

 

15.0

16.0

 

17.0

r

Calif. Condo/Townhome

2.4

2.3

 

2.5

 

12.0

12.0

 

15.0

r

Los Angeles Metro Area

3.6

3.4

 

3.7

 

21.0

22.0

 

28.0

r

Inland Empire

3.7

3.7

 

3.9

 

29.0

29.0

 

36.0

r

San Francisco Bay Area

2.1

1.9

 

2.4

 

12.0

12.0

 

13.0

r

 

 

 

 

 

 

 

 

 

 

 

San Francisco Bay Area

 

 

 

 

 

 

 

 

 

 

Alameda

1.7

1.5

 

2.0

 

10.0

11.0

 

11.5

r

Contra Costa

2.1

1.9

 

2.4

 

11.0

10.0

 

10.0

r

Marin

2.7

2.8

 

2.8

 

22.0

20.5

 

26.0

r

Napa

4.3

4.1

 

5.0

 

37.5

34.0

 

46.0

r

San Francisco

1.9

1.6

 

1.8

 

14.0

14.0

 

15.0

r

San Mateo

1.9

1.6

 

2.0

 

10.0

11.0

 

10.0

r

Santa Clara

1.6

1.5

 

2.0

 

8.0

8.0

 

9.0

r

Solano

2.6

2.3

 

2.5

 

29.0

29.0

 

34.5

r

Sonoma

3.0

2.6

 

3.4

 

33.0

29.0

 

31.0

r

Southern California

 

 

 

 

 

 

 

 

 

 

Los Angeles

3.2

3.0

 

3.4

 

17.0

17.0

 

22.0

r

Orange

3.5

3.2

 

3.7

 

14.0

14.0

 

24.0

r

Riverside

3.6

3.6

 

3.9

 

29.0

28.0

 

37.0

r

San Bernardino

3.9

3.7

 

3.9

 

28.0

31.0

 

33.0

r

San Diego

3.0

2.9

 

2.9

 

11.0

12.0

 

11.0

r

Ventura

5.5

4.5

 

3.9

 

39.0

41.0

 

42.0

r

Central Coast

 

 

 

 

 

 

 

 

 

 

Monterey

3.8

3.8

 

5.1

 

22.0

21.0

 

32.0

r

San Luis Obispo

4.3

3.8

 

4.0

 

19.5

23.0

 

20.0

r

Santa Barbara

4.5

3.9

 

4.5

 

20.5

30.0

 

28.0

r

Santa Cruz

2.7

2.9

 

3.4

 

11.0

12.0

 

14.0

r

Central Valley

 

 

 

 

 

 

 

 

 

 

Fresno

2.8

2.7

 

3.3

 

12.0

13.0

 

13.0

r

Glenn

6.1

5.1

 

4.8

 

16.0

39.5

 

30.0

r

Kern

3.5

3.2

 

3.6

 

19.0

20.0

 

15.5

r

Kings

2.9

2.8

 

3.5

 

16.0

25.0

 

20.5

r

Madera

4.9

4.5

 

4.6

r

18.0

37.0

 

33.0

r

Merced

4.1

3.1

 

3.9

 

19.0

31.5

 

20.0

r

Placer

2.5

2.4

 

2.8

 

10.0

11.0

 

10.5

r

Sacramento

2.2

2.1

 

2.1

 

10.0

11.0

 

8.0

r

San Benito

2.5

2.7

 

3.6

 

13.0

27.0

 

22.0

r

San Joaquin

2.8

2.2

 

2.5

 

12.0

14.0

 

13.0

r

Stanislaus

2.7

2.4

 

2.8

 

13.0

12.0

 

13.0

r

Tulare

3.8

3.3

 

4.1

 

23.0

29.0

 

22.0

r

Other Calif. Counties

 

 

 

 

 

 

 

 

 

 

Amador

5.3

3.9

 

4.9

 

16.0

52.0

 

35.5

 

Butte

3.2

2.9

 

2.7

 

9.0

15.5

 

11.0

r

Calaveras

5.7

4.7

 

5.6

 

28.0

46.0

 

40.0

r

Del Norte

5.3

5.8

 

6.6

 

145.0

112.0

 

99.0

r

El Dorado

3.1

3.2

 

3.8

r

20.0

24.0

 

24.0

r

Humboldt

5.0

5.1

 

4.7

 

22.0

24.0

 

16.0

r

Lake

6.0

6.4

 

4.7

 

39.5

41.5

 

60.0

r

Lassen

10.5

4.5

 

6.6

 

137.0

91.0

 

68.5

r

Mariposa

6.9

8.9

 

4.4

 

15.0

15.0

 

8.0

r

Mendocino

12.7

11.8

 

6.6

 

70.0

51.0

 

42.5

r

Mono

10.6

10.1

 

9.9

 

170.0

194.0

 

201.0

r

Nevada

4.7

3.1

 

4.1

 

22.5

21.0

 

16.0

r

Plumas

22.0

14.5

 

10.7

 

178.5

185.5

 

191.0

r

Shasta

4.4

4.7

 

4.3

 

22.0

24.0

 

17.5

r

Siskiyou

7.8

5.5

 

7.3

 

25.0

43.5

 

37.0

r

Sutter

2.9

2.2

 

2.9

 

32.0

18.0

 

10.5

r

Tehama

5.0

6.1

 

7.3

 

55.0

68.0

 

82.5

r

Tuolumne

3.8

3.3

 

4.5

 

23.0

36.0

 

63.0

r

Yolo

2.1

2.5

 

2.7

 

10.0

10.5

 

11.0

r

Yuba

3.0

2.7

 

2.8

 

17.0

29.0

 

9.0

r

r = revised

May
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  • Thirty-one percent of California households could afford to purchase the $538,640 median-priced home in the first quarter of 2018, up from 29 percent in fourth-quarter 2017 but down from 32 percent a year ago.
  • A minimum annual income of $111,500 was needed to make monthly payments of $2,790, including principal, interest, and taxes on a 30-year fixed-rate mortgage at a 4.44 percent interest rate.
  • Thirty-nine percent of home buyers were able to purchase the $449,720 median-priced condo or townhome. An annual income of $93,090 was required to make a monthly payment of $2,330.

LOS ANGELES (May 15) – Higher wages and lower seasonal home prices combined to push California's housing affordability higher in the first quarter of 2018, compared to the previous quarter, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California in first-quarter 2018 edged up to 31 percent from 29 percent in the fourth quarter of 2017 but was down from 32 percent in the first quarter a year ago, according to C.A.R.'s Traditional Housing Affordability Index (HAI). This is the 20th consecutive quarter that the index has been below 40 percent. California's housing affordability index hit a peak of 56 percent in the first quarter of 2012.

C.A.R.'s HAI measures the percentage of all households that can afford to purchase a median-priced, single-family home in California. C.A.R. also reports affordability indices for regions and select counties within the state. The index is considered the most fundamental measure of housing well-being for homebuyers in the state.

A minimum annual income of $111,500 was needed to qualify for the purchase of a $538,640 statewide median-priced, existing single-family home in the first quarter of 2018. The monthly payment, including taxes and insurance on a 30-year, fixed-rate loan, would be $2,790, assuming a 20 percent down payment and an effective composite interest rate of 4.44 percent. The effective composite interest rate in fourth-quarter 2017 was 4.17 percent and 4.36 percent in the first quarter of 2017.

Condominiums and townhomes also were more affordable in first-quarter 2018 compared to the previous quarter with 39 percent of California households earning the minimum income to qualify for the purchase of a $449,720 median-priced condominium/townhome, up from 38 percent in the fourth quarter. An annual income of $93,090 was required to make monthly payments of $2,330.

Key points from the first-quarter 2018 Housing Affordability report include:

  • Housing affordability improved from fourth-quarter 2017 in 28 tracked counties and declined in 14 counties. Affordability in six counties was unchanged.
  • Strong wage growth in the San Francisco Bay Area pushed affordability higher from the previous quarter in six of nine Bay Area counties (Alameda, Contra Costa, Napa, San Francisco, San Mateo, and Santa Clara). Affordability decreased in two Bay Area counties (Solano and Sonoma) and held steady in Marin.
  • In Southern California, affordability improved in Los Angeles, Riverside, San Bernardino, and Ventura counties, while affordability in Orange and San Diego counties remained flat during first-quarter 2018.
  • In the Central Valley, six counties posted an increase in affordability from the previous quarter (Fresno, Kern, Madera, Sacramento, San Benito, and Stanislaus). Affordability in Merced, San Joaquin, and Tulare declined but held steady in Kings and Placer counties.
  • Affordability in the Central Coast improved moderately, driven by flat or declining home prices. Monterey, San Luis Obispo, and Santa Barbara experienced higher affordability, while Santa Cruz posted a decline as a result of subdued wage growth and price declines.
  • During the first quarter of 2018, the most affordable counties in California were Lassen (68 percent), Kern (56 percent), and Kings and San Bernardino (both at 52 percent).
  • Mono (8 percent), San Francisco, San Mateo, and Santa Cruz (all at 15 percent), counties were the least affordable areas in the state.

Housing Affordability slides (click link to open)


Affordability peak versus current 
Annual required income peak vs. current
Monthly PITI peak versus current
Affordability by region peak versus current
Housing affordability by county 

See C.A.R.'s historical housing affordability data.
See first-time buyer housing affordability data.

Leading the way…® in California real estate for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with more than190,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

# # #

CALIFORNIA ASSOCIATION OF REALTORS®
Traditional Housing Affordability Index
First Quarter 2018

C.A.R. Region

Housing 
Affordability Index

Median Home 
Price

Monthly Payment Including Taxes & Insurance

Minimum 
Qualifying Income

Calif. Single-family home

31

$ 538,640

$ 2,790

$ 111,500

Calif. Condo/Townhome

39

$ 449,720

$ 2,330

$ 93,090

Los Angeles Metropolitan Area

32

$ 500,000

$ 2,590

$ 103,500

Inland Empire

43

$ 350,000

$ 1,810

$ 72,450

San Francisco Bay Area

23

$ 900,000

$ 4,660

$ 186,300

United States

57

$ 245,500

$ 1,270

$ 50,820

 

 

 

 

 

San Francisco Bay Area

 

 

 

 

Alameda

22

$ 875,000

$ 4,530

$ 181,130

Contra-Costa (Central County)

36

$ 615,000

$ 3,180

$ 127,310

Marin

18

$ 1,360,000

$ 7,040

$ 281,520

Napa

28

$ 679,000

$ 3,510

$ 140,550

San Francisco

15

$ 1,610,000

$ 8,330

$ 333,270

San Mateo

15

$ 1,575,050

$ 8,150

$ 326,040

Santa Clara

17

$ 1,373,000

$ 7,110

$ 284,210

Solano

42

$ 430,000

$ 2,230

$ 89,010

Sonoma

21

$ 681,000

$ 3,520

$ 140,970

Southern California

 

 

 

 

Los Angeles

28

$ 545,540

$ 2,820

$ 112,930

Orange County

21

$ 810,000

$ 4,190

$ 167,670

Riverside County

39

$ 397,000

$ 2,050

$ 82,180

San Bernardino

52

$ 278,500

$ 1,440

$ 57,650

San Diego

26

$ 610,000

$ 3,160

$ 126,270

Ventura

31

$ 635,500

$ 3,290

$ 131,550

Central Coast

 

 

 

 

Monterey

23

$ 590,000

$ 3,050

$ 122,130

San Luis Obispo

25

$ 596,400

$ 3,090

$ 123,460

Santa Barbara

22

$ 675,000

$ 3,490

$ 139,730

Santa Cruz

15

$ 850,000

$ 4,400

$ 175,950

Central Valley

 

 

 

 

Fresno

49

$ 258,000

$ 1,340

$ 53,410

Kern (Bakersfield)

56

$ 231,500

$ 1,200

$ 47,920

Kings County

52

$ 232,000

$ 1,200

$ 48,020

Madera

50

$ 255,000

$ 1,320

$ 52,790

Merced

43

$ 262,500

$ 1,360

$ 54,340

Placer County

44

$ 465,000

$ 2,410

$ 96,260

Sacramento

44

$ 355,000

$ 1,840

$ 73,490

San Benito

32

$ 560,000

$ 2,900

$ 115,920

San Joaquin

40

$ 362,500

$ 1,880

$ 75,040

Stanislaus

48

$ 300,000

$ 1,550

$ 62,100

Tulare

50

$ 225,000

$ 1,160

$ 46,580

Other Calif. Counties

 

 

 

 

Amador

45

$ 330,750

$ 1,710

$ 68,470

Butte

41

$ 307,000

$ 1,590

$ 63,550

Calaveras

46

$ 315,000

$ 1,630

$ 65,210

El Dorado

42

$ 489,000

$ 2,530

$ 101,220

Humboldt

36

$ 300,050

$ 1,550

$ 62,110

Lake County

40

$ 266,450

$ 1,380

$ 55,160

Lassen

68

$ 171,000

$ 880

$ 35,400

Mariposa

44

$ 292,500

$ 1,510

$ 60,550

Mendocino

25

$ 412,500

$ 2,130

$ 85,390

Mono

8

$ 780,000

$ 4,040

$ 161,460

Nevada

37

$ 400,000

$ 2,070

$ 82,800

Plumas

NA

$ NA

$ NA

$ NA

Shasta

49

$ 249,900

$ 1,290

$ 51,730

Siskiyou

48

$ 210,000

$ 1,090

$ 43,470

Sutter

49

$ 282,700

$ 1,460

$ 58,520

Tehama

51

$ 219,000

$ 1,130

$ 45,330

Tuolumne

49

$ 280,000

$ 1,450

$ 57,960

Yolo

41

$ 400,000

$ 2,070

$ 82,800

Yuba

49

$ 269,950

$ 1,400

$ 55,880

 

NA = Not available

 

 

CALIFORNIA ASSOCIATION OF REALTORS®
Traditional Housing Affordability Index
First Quarter 2018

STATE/REGION/COUNTY

Q1 2018

Q4 2017

 

Q1 2017

 

Calif. Single-family home

31

29

 

32

 

Calif. Condo/Townhome

39

38

r

40

 

Los Angeles Metropolitan Area

32

31

 

33

 

Inland Empire

43

43

 

44

r

San Francisco Bay Area

23

21

 

25

 

United States

57

56

 

57

 

 

 

 

 

 

 

San Francisco Bay Area

 

 

 

 

 

Alameda

22

20

 

21

 

Contra-Costa (Central County)

36

34

 

37

 

Marin

18

18

 

18

 

Napa

28

25

 

24

 

San Francisco

15

12

 

13

 

San Mateo

15

14

 

15

 

Santa Clara

17

15

 

19

 

Solano

42

44

 

45

 

Sonoma

21

23

 

25

 

Southern California

 

 

 

 

 

Los Angeles

28

25

 

29

 

Orange County

21

21

 

21

 

Riverside County

39

38

 

39

 

San Bernardino

52

50

 

52

 

San Diego

26

26

 

28

 

Ventura

31

26

 

28

r

Central Coast

 

 

 

 

 

Monterey

23

21

 

23

 

San Luis Obispo

25

24

 

26

 

Santa Barbara

22

18

 

14

 

Santa Cruz

15

17

 

17

 

Central Valley

 

 

 

 

 

Fresno

49

46

 

48

 

Kern (Bakersfield)

56

54

 

55

 

Kings County

52

52

 

53

 

Madera

50

49

r

47

 

Merced

43

48

 

50

 

Placer County

44

44

 

45

 

Sacramento

44

43

 

46

 

San Benito

32

31

 

32

 

San Joaquin

40

41

 

45

 

Stanislaus

48

45

 

48

 

Tulare

50

52

 

52

 

Other Counties in California

 

 

 

 

 

Amador

45

44

 

47

 

Butte

41

39

 

41

 

Calaveras

46

50

 

NA

 

El Dorado

42

42

 

43

 

Humboldt

36

34

 

36

 

Lake County

40

36

 

43

 

Lassen

68

65

 

NA

 

Mariposa

44

48

 

46

r

Mendocino

25

28

 

26

 

Mono

8

19

 

NA

 

Nevada

37

39

 

NA

 

Plumas

NA

45

 

NA

 

Shasta

49

47

 

49

 

Siskiyou

48

51

 

48

 

Sutter

49

52

 

53

 

Tehama

51

56

 

55

 

Tuolumne

49

48

 

46

r

Yolo

41

34

 

37

 

Yuba

49

42

 

44

 

 

r = revised

NA = Not available

 

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