Zillow came out with their median home values over the last year as well as their prediction for what home values will be over the next year. See below:
The median home value in California is $490,100. California home values have gone up 6.9% over the past year and Zillow predicts they will rise 1.5% within the next year. The median list price per square foot in California is $281. The median price of homes currently listed in California is $473,900. The median rent price in California is $2,500. Click here to read the full zillow article.
Bay Area home prices jumped 11% compared to a year earlier. With little supply and high demand the housing market continues its robust price gains. Click on the link to read the full article: http://www.bizjournals.com/sanfrancisco/news/2017/03/24/bay-area-home-prices-pop-oakland-houses-sell-fast.html
Ryan Whitelaw, MAI has created a video to help borrowers, trustees, heirs, attorneys, and accountants know what items the commercial appraiser will need in order to best perform a commercial appraisal. Please click here to see the video: https://youtu.be/WvGCBSbf3ys
Tim Edwards, Pacific Appraisers Chief Residential Appraiser, will be co-instructing at the Society of Chief Appraisers conference on November 21st in Oakland. For more details please click here: http://www.societyofchiefappraisers.org/enroll-now/
Pacific Appraisers’ Ryan Whitelaw MAI and team will be attending the Appraisal Institute annual fall conference in San Francisco. See below for more details:
Friday, October 16, 2015
San Francisco Marriott
780 Mission Street (at 4th Street), San Francisco
ANNUAL FALL CONFERENCE celebrates 65 consecutive years in San Francisco!
12 Breakout Sessions featuring over 30 presenters
Retail Market Update
Supporting Residential Adjustments
Medical Marijuana and Commercial Real Estate
Cool Appraisal Technology: Tools, Tips & Tricks
How to Diversify and Build a “Bubble-Proof” Business
Residential Market Update: The Impact of Millennials on the RE Market
Lessons Learned from Very Complex and Highly Unusual Valuation Experiences
Changing the Game: Redevelopment of Sports-Related Venues
Lessons from California Litigation Involving Appraisers
Developing Green and High Performance Real Estate
State of the Profession
Click here for more information.