What Bay Area High-End Home Price Stability Looks Like

In my post Tale of Two Markets: Breaking Down Case-Shiller Tiered Indices, we see that higher-priced communities have enjoyed relatively stable home prices over the last couple of years, while mid-low priced ares are seeing prices falling more steeply.

The lower and middle-tiers are generally following the same pattern. When the supply of foreclosures was turned off, interest rates dropped, and buyer incentives kicked in, both market segments rallied. Then, when that temporary stimulus was exhausted, they resumed their declines at a paces of roughly 10 percent per year.

However, the top-tier – homes priced above $579,803 – are only declining at a pace of roughly 3-4 percent per year.

As an example, I pulled all of the sales data for Danville, Pleasanton, and Lafayette and plotted the high, mid, and low tier median prices for each month. If you live in a higher-priced community like these, your last couple of years probably looked something like this:

 What Bay Area High End Home Price Stability Looks Like

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About Greg Fielding

I am a longtime real estate agent who has pretty much seen it all during the housing boom as bust. With experience in selling high-end property and low-end foreclosures, raw land, short sales, development work, apartment buildings, and working with investors, I bring a well-rounded perspective to my work.I also have started to do some paid real estate consulting. If you have questions or just need some good real estate advice, book an appointment at http://whattodorealestate.com/In addition to selling real estate, my insights have been featured in The New York Times, The Big Picture, and regularly on Patrick.net. I have also done consulting work with ForeclosureRadar.Starting my career, in 2003, I have sold homes throughout Alameda and Contra Costa counties, specializing in Danville, Alamo, Blackhawk, San Ramon, Dublin, Pleasanton, Walnut Creek, Lafayette, and Orinda. I live in Danville with my three kids.

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4 thoughts on “What Bay Area High-End Home Price Stability Looks Like

  1. Pingback: What Bay Area High-End Home Price Stability Looks Like « Editorials « Real Estate Sacramento

  2. Tom StoneTom Stone

    Greg, that trend looks like what I have seen in Sonoma County. I have been talking to Nick Dunlop ( A local Appraiser I respect) at some length about these issues and may have some data to share soon.

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