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Unemployment data – June, 2009

Yu Lam (Eddie Lam) — Sat, 15 Aug 2009 22:33:55 +0000

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

Unemployment data – Mar, 2009

Yu Lam (Eddie Lam) — Mon, 04 May 2009 19:59:38 +0000

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

Unemployment data – Feb, 2009

Yu Lam (Eddie Lam) — Wed, 25 Mar 2009 02:59:58 +0000

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

Market condition in Bay Area – 03/19/2009

Yu Lam (Eddie Lam) — Tue, 24 Mar 2009 05:50:41 +0000

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

Unemployment data – Nov, 2008

Yu Lam (Eddie Lam) — Thu, 25 Dec 2008 09:46:16 +0000

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%.

Unemployment data – Oct, 2008

Yu Lam (Eddie Lam) — Mon, 15 Dec 2008 00:02:43 +0000

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%.

Market condition in Bay Area – 11/18/2008

Yu Lam (Eddie Lam) — Sun, 14 Dec 2008 23:54:21 +0000

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

Market condition in Bay Area – 10/19/2008

Yu Lam (Eddie Lam) — Fri, 24 Oct 2008 23:28:50 +0000

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

Unemployment data – 09/28/2008

Yu Lam (Eddie Lam) — Mon, 29 Sep 2008 04:16:56 +0000

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.

Belmont recent sale data and analysis 09/18/2008

Yu Lam (Eddie Lam) — Fri, 19 Sep 2008 02:56:26 +0000

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.