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October 2005 Housing Market Forecast For 2006 Shows Moderate Price Increase, Slight Cooling In Home
Sales Next Year SAN DIEGO (Sept. 21) – The rate of
home price appreciation will moderate next year following four years of steep
increases, while sales in 2006 will decline slightly from this year's record
pace, according to the California Association of REALTORS® (C.A.R.)
"2006 Housing Market Forecast" released today. The forecast was
presented during the recent C.A.R. Centennial REALTOR® EXPO at the The median home price in Declining affordability will constrain sales in
2006 at a greater rate than we’ve previously experienced, especially in
markets where there are higher price points compared with the state as a
whole,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young.
“Not all areas of the state will continue to experience the unprecedented
double-digit median price increases of the past five years. Some high-cost
areas, especially those in the more costly coastal regions, face a potential
leveling off of median price gains compared with the 10 percent gain we
expect for the state as a whole.” "We expect the fixed mortgage interest rate
to rise to 6.4 percent next year, and the adjustable rate to hit 5.1 percent,
which will make it more difficult for many families in California to be able
to afford a home," said C.A.R. President Jim Hamilton. "While still
near their historic lows, up-ticks in interest rates coupled with the
continued increase in the median home price will push affordability in Restaurant
Review
Special
Feature – “What I Did On My Vacation” Well OK, it’s a little off the wall but I know
that many of you go overseas for your vacations when you get the opportunity
and I also know that quite a few go to the U.K., so in place of the regular
monthly local Restaurant Review, I just want to tell you about a really great
experience that Sylvia and I had when we made a short visit to England last
month. Our
first stopover in The
Swan is full of character with rambling corridors and attractive rooms. Our
bedroom was decorated in traditional old English style and furnished with
antiques including a brass bed. The bathroom had a traditional feel and was
spacious with an enormous bath (seemed about 7 foot long and 3 foot deep) as
well as a separate shower. We
had dinner in the Swan’s Gallery Restaurant, which is a recent addition to
the Swan – a fairly small restaurant, tastefully decorated in a modern style
with original animal oils by a local artist around the walls – sheep, cows,
working dogs etc.). I had a hot salad of grilled scallops & calamari on a
bed of lettuce with English black pudding for an appetizer, followed by
sliced duck breast in a redcurrant sauce with Lyonnaise
potatoes. Sylvia had a cream of pearl onion soup with chèvre (goat’s cheese)
followed by chump of lamb (served sliced) in an au jus, accompanied by mashed
potatoes and French beans. We both had a mixed berry crumble for pudding (a
ramekin of hot raspberries, redcurrants and blackberries in a crumble mix
served alongside a scoop of home-made ice-cream and garnished with fresh
redcurrants and a strawberry. We complemented our meal with an excellent
bottle of Macon Villages for only £18 (good wines seem quite affordable in
many English restaurants). I honestly cannot remember when we last had
such a good meal. As I commented to Sylvia, one gained the impression that
they have a chef who is trying to make a name for himself.
Absolutely outstanding! The
rest of our vacation, though enjoyable, failed to provide us with any
culinary experiences approaching the Swan. If you plan to visit Homes Currently
Offered For as of October 1st,
2005 (Figures in parentheses show the
numbers at September 1st)
Information To Help You
Understand The Value Of Your Biggest Investment
Most Recently Closed
Sales In Alamo, Blackhawk,
|
|
Address |
City |
|
BR |
Bth |
PB |
SqFt |
|
Sold
Price |
DOM |
|
|
|
|
4 |
2 |
0 |
2336 |
17550 |
$1,250,000 |
3 |
|
|
|
La
Serena |
4 |
3 |
|
2700 |
20328 |
$1,250,000 |
7 |
|
1071 |
|
|
4 |
2 |
2 |
2803 |
49658 |
$1,375,000 |
4 |
|
|
|
|
4 |
4 |
1 |
4600 |
15651 |
$1,766,000 |
27 |
|
|
|
|
3 |
3 |
1 |
2109 |
32274 |
$1,895,000 |
40 |
|
140 |
|
|
6 |
6 |
1 |
5689 |
41280 |
$2,295,000 |
6 |
|
|
Blackhawk |
Deer
Trail |
3 |
2 |
1 |
2574 |
6552 |
$1,100,000 |
17 |
|
|
Blackhawk |
|
4 |
3 |
1 |
4892 |
11200 |
$1,787,500 |
66 |
|
|
Blackhawk |
|
5 |
4 |
2 |
5491 |
22400 |
$2,125,000 |
22 |
|
215 |
Blackhawk |
S Eagle
Nest |
5 |
3 |
2 |
4492 |
30375 |
$2,150,000 |
6 |
|
|
Blackhawk |
Pheasant
Run |
5 |
5 |
1 |
6000 |
20800 |
$2,600,000 |
17 |
|
|
Blackhawk |
|
5 |
5 |
1 |
6488 |
19745 |
$3,200,000 |
56 |
|
|
|
|
2 |
1 |
1 |
1100 |
560 |
$517,000 |
7 |
|
14 Rainbow Cir |
|
Creekside |
2 |
2 |
0 |
1001 |
5040 |
$640,000 |
6 |
|
1858 Forest Hill N Pl |
|
L Ridgeland Cir |
3 |
2 |
1 |
1705 |
3240 |
$699,999 |
6 |
|
|
|
Ridgeland |
3 |
2 |
1 |
1590 |
3008 |
$715,000 |
8 |
|
226 Abigail Cir |
|
Maison |
4 |
2 |
1 |
2396 |
4000 |
$799,950 |
5 |
|
|
|
|
4 |
2 |
0 |
1800 |
8667 |
$856,000 |
47 |
|
|
|
|
4 |
3 |
0 |
2445 |