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					                                                                   :: MEDIAN HOME PRICES • SALES ::
                 San Mateo County                                                                   SAN MATEO CO.           101

                                                                                                                          94301
                                                                                                                                    Santa Clara County
                                                                                                                                           94303
                                                                                                                                                      San Francisco Bay
                                                                                                                                                                                              ALAMEDA CO.


                                                                                                                                                                                                                                  880
                                                                                                                                                                                                                                                                                                          Median price change
                                                                                                                                                                                                                                                                                                                        41% or greater
                                                                                                                94304       Downtown                   94043                                                                                           95035
                                                                                                                                                                                                      95002                              Milpitas                                                                       21% to 40.9%
                                                    94005                                                                   Palo Alto                                Moffett
                              94015         94014     Brisbane                                                          94305                                  94035 Federal                                              237                                                                                           0% to 20.9%
                                               Daly City                                                                             94306                           Airfield                                                                    680
                                                                                                                                                                                                                                                                  95132
                                                                                                                                                    Mtn. View                                 94089       95054           95134                                                                                         -01% to -20.9%
                                                                                                                  280
                                                    94080                                                                   Los Altos               94041
                                                                                                                                                                                                          Great
                                                                                                                                                                                                                                          95131                                        Alum Rock Park
                                                                                                                                                                                                      101 America                                                                                                       -21% to -40.9%
                                                South San Francisco                                                                                 Downtown
                                                                                                                                                                                          94085                                  San Jose
                                                                                                                                                                             94086                                                                                                           95140
                                                       92                                                           Los Altos 94022                   94040                            Downtown
                                                                                                                                                                                                                                 International
                                                                                                                                                                                                                                 Airport
                                                                                                                                                                                                                                                                                                                        -41% or lower
                                                    94066                                                             Hills                                                                                       95050                            95133                    95127
                                                                                                                                                                                                                                                                                                                        No sales recorded
                                                     San Bruno                                                                  Foothill                                     Sunnyvale                    Santa Clara U.
                                                                                                                                College                                                                                          95110
                                                                                                                                                    94024                                                                                   Downtown 95116               Reid-Hillview
                                    94044                                                                                                                                            94087
                                                                                                                                                                                                    95051
                                                                                                                                                                                                               Santa                        San Jose                     Airport
                                                                                                                                                                                                                                                                                                                        Source: MDA
                                                                                                                                                                                                                                                                                                                        MLSLISTINGS
                                                        94030                                                                                                                                                                                                                                95148
                                Pacifica                       Milbrae                                                                                                                                          Clara                                                                                                   MERCURY NEWS
                                                                            101                                                                                                              280                                  95126 95113              95122              Eastridge Mall
                                                                                     94401                                                                   De Anza                                        Valley Fair
                                                             280                                                         94304                               College                   Cupertino                                                       95112
                                                                   94010                                                                   95014                                                                            95128
                                                                                                                                                                                                               95117                                   San Jose
                            94038                                   Burlingame                    94404                                                                                      95129                                                                           95121
                                                                                                                                                                                                     Campbell                             95125                                                         95135
                           Moss                                                                                                                                                                                                  The Pruneyard          87       95111
                                                                                                                                                                                             85    95130 95008
                           Beach                     94019                           94403              94065                                                                                                                                                                101
                                                                           94402      San Mateo                                                                      Saratoga                                         17                                     95136                                                        95037
                                                                                                                                                                                                                                95124      95118
                                              Half Moon Bay                           94002                                                                                                                                                                                                  95138
                                                                                                                                                                           95070                   Downtown
                                                                                                          101       94063                                                                          Los Gatos                                     Oakridge Mall              85
                                                                                                94070                             Menlo Park                                                      95030                                                          95123
                                                                                                                                      94025                                                                               95032
                                                                                  94062   280           Redwood City                                                                                       Los Gatos                                                               95119                        95013
                                                                                                                                             94303




                                                                                                                                                                    SANTA CRUZ CO.
                                                                                                           94061 94027                                                                                                                                                                       95139
                                                                                                                                                                                                          Lexington                                            95120
SAN MATEO                                                                                                                                                                                                 Reservoir                                                        Calero
Data reported for the full month of September 2012                                                                                                                                                                                                                         Reservoir
                                                                                                                                                                                                                                95033                                                       95141
                                                                                                                                                                                                                                                                                                                            101
                                Median Price           Sales Volume
Community           Zip Code    Price  % Chg* $/SqFt # Sold % Chg*
                                                                                                                                                                                                                                                                                                         Chesbro
All Homes
Total Re-sale Houses
Total Condominiums
                              $615,000
                              $700,000
                              $378,500
                                         3.5%
                                        11.1%
                                         4.8%
                                                $504 518 -12.5%
                                                $516 403 -19.2%
                                                $385 108      21.3%
                                                                                                                            Santa Cruz County                                                                                                                                                            Reservoir      Morgan
                                                                                                                                                                                                                                                                                                                         Hill
Total New Homes               $650,000 -13.6%   $405     7    75.0%                                                             Boulder Creek
                                                                                                                                           95006                                                                                                                                                    95037
Atherton              94027 $3,500,000 -21.3% $1,000     7 -36.4%                                                                                           95018
Belmont               94002   $880,000  -6.4%  $489     22     4.8%
Brisbane              94005   $410,000 -26.8%   $274     3 -40.0%
Burlingame            94010 $1,255,000  32.1%  $759     27     8.0%                                                                                                                                                                                                                                                               95046
                                                                                                                                            95005                                       95066
Daly City             94014   $468,000  14.4%  $320     25    -7.4%
Daly City             94015   $550,000  27.9%  $383     27 -32.5%                                                                                                                     Scotts
East Palo Alto        94303   $290,000  18.4%  $259     16 -27.3%                                                                                                                     Valley
                                                                                                                                                            95041
El Granada            94018   $722,500         $359      1                                                                                 Felton
Emerald Hills         94062   $694,000 -26.2%   $545     3 -40.0%                                                                          95018                                                                                                                                                                              95020
Foster City           94404   $697,000 -15.5%   $444    24    -4.0%
Half Moon Bay         94019   $590,000  -6.9%  $357     16     6.7%                                                                                                                                                                  95003
Hillsborough          94010 $2,810,000  12.9%  $701     14     0.0%                                                                                                                                                  95073           Aptos
Menlo Park            94025   $707,000 -10.5%  $645     21 -27.6%
                                                                                                                                                                     Santa Cruz
Millbrae              94030   $805,000   2.5%  $466     13    -7.1%                                                                                                                  95060                                                                                         * Percentage change is from the same time last year.
Moss Beach            94038   $430,000 -19.6%            1 -66.7%                                                                                                                                                                                                                    Median price paid per square foot for ZIP codes
                                                                                                                                                                                                95062                                                                                reflects resale houses and condos.
Pacifica              94044   $480,000   9.6%  $350     36    50.0%
Portola Valley        94028 $1,600,000 -31.8%  $492      1 -50.0%
Redwood City          94061   $771,000  21.8%  $526     23 -20.7%                                 SANTA CLARA                                                                                                                                SANTA CLARA
Redwood City          94062 $1,198,000  59.7%  $600      9 -10.0%                                                                                   Median Price                                            Sales Volume                                                                         Median Price                            Sales Volume
Redwood City          94063   $318,000  -2.9%  $349      9 -47.1%
Redwood City          94065 $1,000,000  36.1%  $507     10 -37.5%                                 Community               Zip Code             Price                  % Chg* $/SqFt # Sold                            % Chg*                 Community                     Zip Code    Price                     % Chg* $/SqFt # Sold          % Chg*
San Bruno             94066  $500,000    7.5%  $373     37    15.6%                               Mountain View             94043            $663,000                   5.1%   $522    23                              27.8%                 San Jose                        95196  $179,500                             $250      4
San Carlos            94070  $820,000   13.1%  $571     30 -23.1%                                 Palo Alto                 94301          $2,275,000                  91.2% $1,145    14                             -22.2%                 San Martin                      95046  $565,000                    161.6%   $298      9           125.0%
San Mateo             94401  $465,000    1.6%  $414     22 -37.1%                                 Palo Alto                 94303          $1,420,000                  30.9%  $947      9                             -40.0%                 Santa Clara                     95050  $579,000                     32.5%   $400     35            -5.4%
San Mateo             94402  $950,000    7.0%  $588     27 -15.6%                                 Palo Alto                 94304          $3,195,000                         $668      1                                                    Santa Clara                     95051  $589,000                      8.7%   $395     40           -18.4%
San Mateo             94403  $570,000   -9.8%  $443     35    -5.4%                               Palo Alto                 94306          $1,299,000                  -0.5%  $843     25                                  19.0%             Santa Clara                     95054  $390,000                    -26.2%   $351     18            28.6%
San Mateo             94404  $423,000 -19.4%   $434      6     0.0%                               San Jose                  95002           $370,000                  -21.3%  $261      2                                 100.0%             Saratoga                        95070 $1,555,000                    -1.3%   $633     32            23.1%
South San Francisco 94080    $495,000   15.1%  $328     47    17.5%                               San Jose                  95110           $315,000                   10.5%  $321     19                                 -13.6%             Sunnyvale                       94085  $490,000                     37.6%   $359      5           -54.5%
Woodside              94062 $1,475,000  -8.0%  $771      6 -33.3%                                 San Jose                  95111           $380,000                   15.2%  $259     37                                 -36.2%             Sunnyvale                       94086  $662,000                     47.4%   $467     20            -9.1%
                                                                                                  San Jose                  95112           $396,000                   10.0%  $312     23                                 -41.0%             Sunnyvale                       94087 $1,008,000                     9.0%   $553     50            42.9%
                                                                                                  San Jose                  95113           $444,500                          $481      6                                                    Sunnyvale                       94089  $515,000                     33.8%   $418     12             9.1%
                                                                                                  San Jose                  95116           $255,000                   -3.8%  $228     28                                  -9.7%
SANTA CLARA
Data reported for the full month of September 2012                                                San Jose                  95117           $723,000                   25.7%  $374     15                                 114.3%
                                                                                                  San Jose                  95118           $570,000                   14.0%  $383     36                                  16.1%             SANTA CRUZ
                                     Median Price             Sales Volume                        San Jose                  95119           $520,000                   48.6%  $275     10                                  11.1%             Data reported for the full month of September 2012
Community            Zip Code       Price     % Chg* $/SqFt # Sold % Chg*                         San Jose                  95120           $805,000                    5.2%  $434     30                                   0.0%             All Homes                         $498,000     17.2%                            $347        254    28.9%
All Homes                         $565,000     17.7%  $433 1464       1.7%                        San Jose                  95121           $375,000                    1.2%  $263     38                                  11.8%             Total Re-sale Houses              $531,000     20.1%                            $333        214    23.0%
Total Re-sale Houses              $640,000     15.3%  $440 1021       0.7%                        San Jose                  95122           $315,000                    6.6%  $263     29                                 -29.3%             Total Condominiums                $285,000      9.4%                            $276         31    47.6%
Total Condominiums                $390,000     23.8%  $333 367        4.0%                        San Jose                  95123           $478,000                    9.9%  $302     55                                   0.0%             Total New Homes                   $509,000     37.6%                            $345          9   350.0%
Total New Homes                   $553,000     12.9%  $248     76     5.6%                        San Jose                  95124           $680,000                   18.3%  $406     42                                  -8.7%             Aptos                  95003      $599,000     13.7%                            $390         44    37.5%
Campbell               95008      $575,000      1.8%  $393     38     2.7%                        San Jose                  95125           $675,000                    0.7%  $429     60                                   5.3%
                                                                                                                                                                                                                                             Ben Lomond             95005      $433,000     28.5%                            $263         10    66.7%
Cupertino              95014 $1,110,000        14.3%  $615     30 -14.3%                          San Jose                  95126           $455,500                    1.2%  $380     34                                  -8.1%
                                                                                                                                                                                                                                             Boulder Creek          95006      $200,000 -13.0%                               $185         17   112.5%
Gilroy                 95020      $447,000      4.2%  $209     79    12.9%                        San Jose                  95127           $350,000                   22.8%  $254     40                                 -20.0%
                                                                                                                                                                                                                                             Capitola               95010      $433,000 -26.0%                               $535         13    44.4%
Los Altos              94022 $1,350,000 -27.0%        $732     10 -33.3%                          San Jose                  95128           $403,000                   -5.2%  $368     32                                  18.5%
                                                                                                  San Jose                  95129           $930,000                   20.8%  $566     26                                 -10.3%             Felton                 95018      $349,000     39.6%                            $246         14    40.0%
Los Altos              94024 $1,850,000        33.6%  $766     23     9.5%
                                                                                                  San Jose                  95130           $680,000                   10.2%  $497     15                                  87.5%             Freedom                95019      $280,000     93.1%                            $180          3    50.0%
Los Altos Hills        94022 $2,297,500        19.4%  $733      7 133.3%
Los Altos Hills        94024 $1,875,000        -9.0%            1 -50.0%                          San Jose                  95131           $470,000                   11.9%  $337     27                                   3.8%             La Selva Beach         95076      $490,000                                      $493          4
Los Gatos              95030 $1,116,000        -3.0%  $642     15 150.0%                          San Jose                  95132           $558,000                   11.6%  $340     24                                   0.0%             Mount Hermon           95041      $280,000                                      $268          2
Los Gatos              95032 $1,020,000        -1.6%  $532     34    21.4%                        San Jose                  95133           $442,500                   29.4%  $332     33                                  57.1%             Santa Cruz             95060      $604,000     16.2%                            $328         51    64.5%
Los Gatos              95033      $248,000     -8.1%  $293      2 -50.0%                          San Jose                  95134           $600,000                   62.6%  $396      7                                  75.0%             Santa Cruz             95062      $560,000     15.0%                            $543         17   -19.0%
Milpitas               95035      $484,000     22.5%  $339     40     8.1%                        San Jose                  95135           $785,000                   42.7%  $325     21                                 -12.5%             Santa Cruz             95065      $599,000     32.2%                            $324         11    57.1%
Monte Sereno           95030 $1,350,000        12.5%  $774      2 -50.0%                          San Jose                  95136           $502,500                   10.7%  $277     35                                  -5.4%             Scotts Valley          95060      $560,000                                      $263          1
Morgan Hill            95037      $570,000     14.2%  $260     58    38.1%                        San Jose                  95138           $580,000                   38.8%  $327     18                                 -30.8%             Scotts Valley          95066      $585,000     12.1%                            $332         23    43.8%
Mountain View          94040 $1,065,000        15.1%  $586     23     4.5%                        San Jose                  95139           $490,000                   53.1%  $285      9                                  50.0%             Soquel                 95073      $282,000 -46.3%                               $247          4   -66.7%
Mountain View          94041      $858,000 -18.3%     $183     18 157.1%                          San Jose                  95148           $480,000                   12.9%  $268     36                                 -16.3%             Watsonville            95076      $311,000      1.3%                            $219         37    -2.6%




                                                                   Tips to avoid a failed appraisal
                             What sellers should do if they receive an offer before listing on the MLS
      INMAN NEWS                                                                                 they were three months                                      appraisal. But, it’s useful                                                      The public record is                                            The agent should edu-
   According to recent                                                                           ago. The low inventory of                                   to the appraiser to have                                                      often wrong. One Pied-                                         cate the appraiser about
Realtor surveys, nearly                                                                          homes for sale has created                                  detailed information on                                                       mont, Calif., seller discov-                                   current market conditions
one-third of Realtors were                                                                       bidding wars in some high-                                  comparables your agent                                                        ered that the public record                                    and let the appraiser know
unhappy or extremely                                                                             demand niche markets.                                       thinks are the most valid                                                     showed that her house was                                      if there were multiple of-
unhappy with an appraisal.                                                                       This situation can often                                    given the current market.                                                     missing a bedroom and
                                                                                                                                                                                                                                                                                                          fers on the property.
Some reported they had                                                                           drive prices higher than                                       Some homes sell off-                                                       bath. The previous seller
a sale delayed, a contract                                                                       indicated by comparable                                     market. Appraisers usually                                                    gave her the permits for the                                   The closing
canceled or renegotiated to                                                                      sales from the previous                                     pull the information they                                                     master bedroom and bath                                           Homeowners who are
a lower price due to a low                                                                       several months.                                             use for appraisals from                                                       addition completed during                                      refinancing can ask the
appraisal.                                                                                          An aggravating fac-                                      the local multiple listing                                                    his ownership. The permits
                                                                                                                                                                                                                                                                                                          agent who sold them their
   The Case-Shiller Home                                                                         tor is that low inventory                                   service (MLS). But, some                                                      were given a final approval
                                                                                                                                                                                                                                                                                                          home to provide compara-
Price Indices showed home                                                                        can reduce the number of                                    sellers receive offers before                                                 by the city building inspec-
prices rose 6 percent in                     3-month-old comparables                                                                                         their home goes on the                                                        tor. The current owner                                         ble sales information. Most
                                                                                                 comparables because there
July from a year ago, based                  were out of date.                                                                                               MLS. Your agent should                                                        took the permits to the                                        agents should be happy
                                                                                                 are fewer sales. In this case,
on the 20-city index. This                       Lenders asked apprais-                                                                                      make the buyer’s agent and                                                    city and the public record                                     to provide this service in
                                                                                                 an appraiser might need to
followed several months                      ers to look at the current                          look at comparable sales                                    the appraiser aware of any                                                    was corrected to show the                                      exchange for your referral
of price increases after                     list prices of comparable                           from neighboring areas                                      recent comparable sales                                                       addition.                                                      and repeat business.
negative numbers from                        homes to see if they were                           to get a sense of current                                   that would be useful in ap-                                                      It’s important that a
2008-2010. The good                          listed for less than was the                                                                                    praising the home for the                                                     real estate agent meet the                                        Dian Hymer, a real
                                                                                                 market value.
news about the improved                      case three months be-                                                                                           price the buyer has agreed                                                    appraiser at the property.                                     estate broker with more
housing market makes the                     fore. If so, this indicates a                       House hunting tip                                           to pay even if the sales                                                      This is particularly so if the                                 than 30 years’ experience,
appraiser’s job even more                    declining market. Lenders                              Make sure you work                                       didn’t make it to the MLS.                                                    appraiser is from out of                                       is a nationally syndicated
difficult.                                   were conservative, some-                            with a resourceful real                                        Lenders often require                                                      the area. The agent should                                     real estate columnist and
   Lenders want to see                       times marking the apprais-                          estate agent who will do                                    documentation to support                                                      go armed with approved
                                             er’s evaluation down to a                                                                                                                                                                                                                                    author of “House Hunting:
comparable sales of homes                                                                        the homework necessary                                      that work to a home was                                                       permits, a list of improve-
similar to the one being                     lower price.                                        to help the appraiser do                                    done with required build-                                                     ments, selling features and                                    The Take-Along Work-
appraised that sold and                          Now we have the op-                             an accurate job. Agents                                     ing permits if the public                                                     comparable sales informa-                                      book for Home Buyers”
closed within the prior                      posite situation where,                             should not tell appraisers                                  record differs from the                                                       tion from the MLS, and                                         and “Starting Out, The
three months. When sales                     in some places, current                             how to do their business,                                   actual configuration of the                                                   any off-market comparable                                      Complete Home Buyer’s
were declining, even                         sale prices are higher than                         or what price to put on the                                 house.                                                                        sales.                                                         Guide.”

                                             9-27-2012 1460 SF 3 BR                              1070 Heatherstone Ave, $860,000                                    SUNNYVALE 94089                                                        171 Browns Valley Rd, $608,000                                 233 Pacifica Blvd 104, $90,000
   REAL ESTATE                               870 W Mc Kinley Ave, $1,068,000
                                             9-28-2012 1568 SF 3 BR
                                                                                                 9-26-2012 1228 SF 4 BR
                                                                                                 1055 Huckleberry Ct, $1,215,000
                                                                                                                                                             333 Greenlake Dr, $535,000 9-25-2012                                          9-28-2012 716 SF 1 BR                                          9-25-2012 477 SF 0 BR
                                                                                                                                                             1520 SF 5 BR                                                                  164 Clifford Ave, $310,000 9-28-2012                           8 Pelican Dr, $411,000 9-24-2012
  TRANSACTIONS                               1121 Reed Ave B, $301,000 9-24-2012
                                             1081 SF 2 BR
                                                                                                 9-25-2012 2045 SF 4 BR
                                                                                                 1733 Kinglet Ct, $1,005,000 9-26-2012
                                                                                                                                                             1163 La Rochelle Ter C, $692,000                                              1626 SF 3 BR                                                   2146 SF 4 BR
                                                                                                                                                             9-28-2012 1582 SF 3 BR                                                        520 Cloudview Dr, $291,000 9-26-2012
                                                                                                 1606 SF 3 BR                                                                                                                                                                                             322 San Luis Ave , $328,000 9-24-2012
                                                                                                                                                             858 Lakewood Dr, $515,000 9-27-2012                                           1346 SF 3 BR
254 Beemer Ave, $500,000 9-25-2012                   SUNNYVALE 94087                             798 Londonderry Dr, $937,000                                                                                                                                                                             2284 SF 4 BR
                                                                                                                                                             1108 SF 3 BR                                                                  228 Green Meadow Dr A, $129,000
773 SF 2 BR                                  1543 Ashcroft Way, $1,060,000                       9-28-2012 1565 SF 3 BR
                                                                                                                                                             1026 Morse Ave, $572,000 9-28-2012                                            9-25-2012 924 SF 0 BR                                          101 Shell Dr 22, $720,000 9-28-2012
                                             9-25-2012 1916 SF 4 BR                              1223 Mcintosh Ave, $1,155,000
853 W California Ave D, $300,000                                                                                                                             1679 SF 3 BR                                                                                                                                 1040 SF 2 BR
                                                                                                 9-27-2012 1727 SF 4 BR                                                                                                                    46 Jefferson St, $231,000 9-25-2012
9-28-2012 760 SF 2 BR                        1408 Bittern Dr, $1,010,000 9-28-2012                                                                           1057 Saginaw Ter 102, $490,000
                                                                                                 810 W Remington Dr, $993,000                                                                                                              2305 SF 0 BR
481 Carroll St, $662,000 9-28-2012           1800 SF 4 BR                                                                                                    9-28-2012 1028 SF 2 BR                                                                                                                                   WOODSIDE 94062
                                                                                                 9-27-2012 1472 SF 3 BR                                                                                                                    48 Mann Ave, $311,000 9-26-2012
1044 SF 2 BR                                 1230 Cranberry Ave, $1,405,000                      1129 Royal Ann Ct, $945,000 9-28-2012                       1281 Sandia Ave, $405,000 9-25-2012                                                                                                          120 Alta Vista Rd , $1,475,000
229 Florence St, $760,000 9-28-2012          9-28-2012 2527 SF 4 BR                                                                                                                                                                        1056 SF 3 BR
                                                                                                 1755 SF 4 BR                                                1108 SF 3 BR                                                                                                                                 9-24-2012 1240 SF 3 BR
1856 SF 4 BR                                 416 Crescent Ave 27, $548,000                       966 Susquehanna Ct, $1,120,000                                                                                                            52 Melwood St, $360,000 9-28-2012
749 Henrietta Ave, $895,000 9-26-2012        9-28-2012 1188 SF 2 BR                                                                                                              WATSONVILLE 95076                                         2421 SF 3 BR                                                   1255 Tunitas Creek Rd , $375,000
                                                                                                 9-25-2012 1903 SF 4 BR
1762 SF 5 BR                                 1461 Firebird Way, $959,000 9-26-2012               864 Talisman Dr, $1,051,000 9-28-2012                       509 E Beach St, $278,000 9-26-2012                                            260 Monte Sereno, $835,000 9-27-2012                           9-24-2012 880 SF 2 BR
457 E Mc Kinley Ave, $825,000                1494 SF 4 BR                                        2050 SF 4 BR                                                1000 SF 2 BR                                                                  2713 SF 3 BR                                                              Provided by CoreLogic

				
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