Entries categorized as ‘Market Data’
Unemployment data for the 9 counties in the Bay Area
| County |
Unemployment rate (June 2009 ) |
Unemployment rate
(2002 Annual Average) |
| Alameda |
11.40% |
6.70% |
| Contra Costa |
10.70% |
5.70% |
| Marin |
8.00% |
4.90% |
| Napa |
8.80% |
4.60% |
| San Francisco |
9.80% |
6.90% |
| San Mateo |
8.90% |
5.70% |
| Santa Clara |
11.80% |
8.40% |
| Solano |
11.30% |
5.80% |
| Sonoma |
10.20% |
5.10% |
Data source: California Employment Development Department
The statewide unemployment rate is 11.6%.
The above data is not seasonally adjusted.
* To check out the latest bank owned / REO listings in the Bay Area, go to
www.Peninsula-REO.com
Categories: Economic Data · Market Data
Unemployment data for the 9 counties in the Bay Area
| County |
Unemployment rate
(Mar 2009 ) |
Unemployment rate
(2002 Annual Average) |
| Alameda |
10.50% |
6.70% |
| Contra Costa |
9.80% |
5.70% |
| Marin |
7.40% |
4.90% |
| Napa |
9.00% |
4.60% |
| San Francisco |
8.30% |
6.90% |
| San Mateo |
9.00% |
5.70% |
| Santa Clara |
10.80% |
8.40% |
| Solano |
10.90% |
5.80% |
| Sonoma |
9.80% |
5.10% |
Data source: California Employment Development Department
The statewide unemployment rate is 11.5%.
The above data is not seasonally adjusted.
Unemployment rate in March, 2009 is higher than Feb, 2009.
* To check out the latest bank owned / REO listings in the Bay Area, go to
www.Peninsula-REO.com
Categories: Economic Data · Market Data
| County |
Unemployment rate
(Feb 2009 ) |
Unemployment rate
(2002 Annual Average) |
| Alameda |
9.70% |
6.70% |
| Contra Costa |
9.30% |
5.70% |
| Marin |
6.80% |
4.90% |
| Napa |
8.50% |
4.60% |
| San Francisco |
8.30% |
6.90% |
| San Mateo |
7.60% |
5.70% |
| Santa Clara |
9.90% |
8.40% |
| Solano |
10.40% |
5.80% |
| Sonoma |
9.10% |
5.10% |
Data source: California Employment Development Department
The statewide unemployment rate is 10.9%.
The above data is not seasonally adjusted.
There is no doubt that the job market is worst than the dot.com bust era.
* To check out the latest bank owned / REO listings in the Bay Area, go to
www.Peninsula-REO.com
Categories: Economic Data · Market Data
Market condition in Bay Area – 03/19/2009
This mainly keeps track of the entry level SFR in selected cities
Inventory: min. 3 bedroom / 1 bath with 1000 sq ft and above
| |
max. price |
Active |
Pending |
Inventory Level
(months) |
| Belmont |
< $1,000,000 |
25
|
15
|
7.50
|
| Burlingame |
< $1,250,000 |
16
|
5
|
12.00
|
| Campbell |
< $750,000 |
28
|
17
|
5.25
|
| Daly City |
< $550,000 |
46
|
56
|
4.06
|
| East Palo Alto |
< $360,000 |
46
|
33
|
9.86
|
| Foster City |
< $1,000,000 |
11
|
1
|
11.00
|
| Los Gatos |
< $1,000,000 |
32
|
9
|
12.00
|
| Millbrae |
< $1,150,000 |
57
|
60
|
6.11
|
| Milpitas |
< $550,000 |
21
|
2
|
10.50
|
| Mountain View |
< $900,000 |
34
|
12
|
34.00
|
| Pacifica |
< $580,000 |
28
|
24
|
6.46
|
| Palo Alto |
< $1,200,000 |
12
|
10
|
5.14
|
| Redwood City |
< $600,000 |
21
|
13
|
7.00
|
| Redwood Shores |
< $1,150,000 |
8
|
3
|
8.00
|
| San Carlos |
< $1,200,000 |
41
|
13
|
8.79
|
| San Mateo |
< $700,000 |
28
|
31
|
9.33
|
| San Jose |
< $400,000 |
690
|
582
|
8.81
|
| Santa Clara |
< $650,000 |
79
|
46
|
9.12
|
| South San Francisco |
< $600,000 |
35
|
32
|
4.77
|
| Sunnyvale |
< $750,000 |
62
|
44
|
7.15
|
There is an increase in listings and the inventory level is up in Burlingame, Foster City, Mountain View, San Carlos. The nicer areas in the Bay Area are feeling the ripple effect from the poor economy. I guess some people making good money in those area got laid off and they are in a rush to sell their houses and that’s why there is a jump in the listings in the areas.
To check out the latest Bank Owned Properties / REO in the area, go to
www.Peninsula-REO.com
Categories: Market Data
| County |
Unemployment rate
(Nov 2008 ) |
Unemployment rate
(2002 Annual Average) |
| Alameda |
7.30% |
6.70% |
| Contra Costa |
7.10% |
5.70% |
| Marin |
5.00% |
4.90% |
| Napa |
6.50% |
4.60% |
| San Francisco |
6.10% |
6.90% |
| San Mateo |
5.50% |
5.70% |
| Santa Clara |
7.10% |
8.40% |
| Solano |
7.90% |
5.80% |
| Sonoma |
6.50% |
5.10% |
Data source: California Employment Development Department
The statewide unemployment rate is 8.3%.
Categories: Economic Data · Market Data
| County |
Unemployment rate
(Oct 2008 ) |
Unemployment rate
(2002 Annual Average) |
| Alameda |
7.10%
|
6.70%
|
| Contra Costa |
7.00%
|
5.70%
|
| Marin |
4.90%
|
4.90%
|
| Napa |
5.40%
|
4.60%
|
| San Francisco |
6.00%
|
6.90%
|
| San Mateo |
5.40%
|
5.70%
|
| Santa Clara |
6.90%
|
8.40%
|
| Solano |
7.70%
|
5.80%
|
| Sonoma |
6.20%
|
5.10%
|
Data source: California Employment Development Department
The statewide unemployment rate is 8.0%.
Categories: Economic Data · Market Data
Market condition in Bay Area – 10/19/2008
This mainly keeps track of the entry level SFR in selected cities
Inventory: min. 3 bedroom / 1 bath with 1000 sq ft and above
|
|
max. price
|
Active
|
Pending
|
Inventory Level
(months) |
|
Belmont
|
< $1,000,000
|
28
|
9
|
3.86
|
|
Burlingame
|
< $1,250,000
|
9
|
6
|
3.86
|
|
Campbell
|
< $750,000
|
34
|
15
|
17.00
|
|
Daly City
|
< $550,000
|
62
|
44
|
5.31
|
|
East Palo Alto
|
< $360,000
|
30
|
41
|
5.63
|
|
Foster City
|
< $1,000,000
|
5
|
3
|
2.14
|
|
Los Gatos
|
< $1,000,000
|
31
|
7
|
9.30
|
|
Millbrae
|
< $1,150,000
|
15
|
8
|
4.50
|
|
Milpitas
|
< $550,000
|
70
|
38
|
11.05
|
|
Mountain View
|
< $900,000
|
18
|
6
|
4.50
|
|
Pacifica
|
< $580,000
|
21
|
11
|
4.20
|
|
Palo Alto
|
< $1,200,000
|
8
|
10
|
3.00
|
|
Redwood City
|
< $600,000
|
28
|
8
|
12.00
|
|
Redwood Shores
|
< $1,150,000
|
7
|
1
|
7.00
|
|
San Carlos
|
< $1,200,000
|
25
|
11
|
3.13
|
|
San Mateo
|
< $700,000
|
51
|
32
|
5.88
|
|
San Jose
|
< $400,000
|
639
|
431
|
9.54
|
|
Santa Clara
|
< $650,000
|
84
|
45
|
5.73
|
|
South San Francisco
|
< $600,000
|
45
|
25
|
6.14
|
|
Sunnyvale
|
< $750,000
|
71
|
33
|
7.89
|
Categories: Market Data
Market condition in Bay Area – 10/19/2008
This mainly keeps track of the entry level SFR in selected cities
Inventory: min. 3 bedroom / 1 bath with 1000 sq ft and above
| |
max. price |
Active |
Pending |
Inventory Level
(months) |
| Belmont |
< $1,000,000 |
25
|
10
|
4.15
|
| Burlingame |
< $1,250,000 |
9
|
5
|
4.50
|
| Campbell |
< $750,000 |
40
|
9
|
10.00
|
| Daly City |
< $550,000 |
63
|
50
|
7.56
|
| East Palo Alto |
< $360,000 |
24
|
43
|
4.00
|
| Foster City |
< $1,000,000 |
9
|
4
|
5.40
|
| Los Gatos |
< $1,000,000 |
28
|
7
|
10.50
|
| Millbrae |
< $1,150,000 |
55
|
43
|
7.86
|
| Milpitas |
< $550,000 |
24
|
13
|
5.54
|
| Mountain View |
< $900,000 |
17
|
9
|
4.64
|
| Pacifica |
< $580,000 |
19
|
14
|
3.56
|
| Palo Alto |
< $1,200,000 |
10
|
3
|
3.00
|
| Redwood City |
< $600,000 |
24
|
8
|
36.00
|
| Redwood Shores |
< $1,150,000 |
5
|
0
|
1.67
|
| San Carlos |
< $1,200,000 |
19
|
17
|
2.28
|
| San Mateo |
< $700,000 |
51
|
30
|
6.65
|
| San Jose |
< $400,000 |
611
|
403
|
10.18
|
| Santa Clara |
< $650,000 |
92
|
48
|
7.89
|
| South San Francisco |
< $600,000 |
39
|
26
|
4.50
|
| Sunnyvale |
< $750,000 |
69
|
27
|
6.68
|
Categories: Market Data
September 29, 2008 · 1 Comment
| County |
Unemployment rate
(Aug 2008) |
Unemployment rate
(2002 Annual Average) |
| Alameda |
6.90%
|
6.70%
|
| Contra Costa |
6.70%
|
5.70%
|
| Marin |
4.90%
|
4.90%
|
| Napa |
5.30%
|
4.60%
|
| San Francisco |
5.90%
|
6.90%
|
| San Mateo |
5.20%
|
5.70%
|
| Santa Clara |
6.50%
|
8.40%
|
| Solano |
7.40%
|
5.80%
|
| Sonoma |
6.10%
|
5.10%
|
Data source: California Employment Development Department
The statewide unemployment rate is 7.6%. Comparing the data in Santa Clara, San Mateo and San Francisco between now and 2002, the current condition is better than the dot.com crash. I believe one of the reason is that tech firms are thriving; social netowrking companies are doing good, green energy and bio-tech are still creating job opportunity in the Bay Area.
Categories: Economic Data · Market Data
This mainly keeps track of the entry level SFR in Belmont
Inventory: min. 3 bedroom / 1 bath with 1000 sq ft and above, under $1M
Sale data in the last 3 months in Belmont as of 09/18/2008
|
Sale Date
|
no. of sale
|
min. price
|
max. price
|
avg. pr/sq ft
|
|
Sept-07
|
5
|
$705,000
|
$980,000
|
$528.82
|
|
Oct-07
|
9
|
$650,000
|
$932,000
|
$604.76
|
|
Nov-07
|
4
|
$710,000
|
$865,000
|
$648.68
|
|
Dec-07
|
4
|
$707,000
|
$855,000
|
$619.09
|
|
Jan-08
|
2
|
$615,000
|
$725,000
|
$551.05
|
|
Feb-08
|
5
|
$910,000
|
$969,000
|
$602.98
|
|
Mar-08
|
16
|
$610,000
|
$1,000,000
|
$551.50
|
|
Apr-08
|
6
|
$590,000
|
$1,000,000
|
$471.82
|
|
May-08
|
11
|
$599,888
|
$979,000
|
$549.85
|
|
Jun-08
|
16
|
$660,000
|
$955,000
|
$578.79
|
The Belmont market has become active since March 2008. The inventory level remains low, please check out Market Condition in Bay Area – 9/16/2008. Overall residents in Belmont are wealthy, not much short sale or REO listings. People in Belmont can wait till the market come back, they are not in a rush to sell, so the price doesn’t go down by that much. The average price / sq ft is fluctuating.
Categories: Belmont · Market Data
