The Headline on the front page of the Sunday Chron on Nov 9 was an attention grabber. I checked to see how my zip code fared, since it is one of three that are shared by both Oakland and Piedmont and some Real Estate data sources combine both cities.   The article suggests the Median Price per square foot is a more useful metric because Median Price “….. can be skewed by the number of homes that change hands at the high or low ends of the market.”   Which also means an area where most of the homes sold are in a similar price range (Rockridge) there will be less change in the Median Price per square foot than an area with a huge spread between the low and high end. (Piedmont)  The data used in the Chronicle article was provided by Data Quick.  The chart below is data found on Multiple Listing Service with the percentage change in Median Price and Median Price/square foot Piedmont, Rockridge, Montclair & Crocker/Lakeshore.

Median Price Piedmont, Rockridge, Montclair and Crocker/Lakeshore

When I used the tool on SF Gate to view “Home Prices Per Square Foot”  the numbers were off quite a  bit from MLS.  It appears Data Quick lumped together the 94611, 94618 and 94610 zip codes in Piedmont & Oakland.  However, MLS data trends were similar to Data quick. 


0 Responses to “SF Chron "Zip Code Guide to Lost Wealth" Nov 9 2008”

  1. No Comments

Leave a Reply




Local Stats

What is Your Home Worth?
Find out in seconds.
  • The estimated vaue of your home.
  • Markets stats for your city, and zip.
  • Recent sales and comparables
  • Free Online Report
Address:

City, State or Zip:

Financial Calculator
Sale Price of Home: $
Percentage Down: %
Length of Mortgage: years
Annual Interest Rate: %
Explain Calculations: Show me the calculations and amortization

Property Watch
Get new Listings emailed to you as soon as they hit the market
- Don't miss any listings.
- It's Free and Save you time.
- Cancel Anytime

Blogroll

Welcome to my site

TAGS Real Estate Piedmont Oakland Brokers Tour
Copyright © | Website Admin | Logout | Powered by Realivent Agent and Broker Platform and Wordpress