And You Thought Your Median Home Prices Were Bad

I came accross this table while reading a post from therealestatebloggers.com. Sometimes I think price here in the Napa Valley are a bit on the high side, but when compared to these, not so bad!!

Median sold home prices for July 2008

                      Napa County $445,000

                      Napa            $455,000

                      Yountville     $1,062,500 (1 sale)           St. Helena      $1,167,500 (2 sales) 

When it comes to real estate, California is a schizophrenic place. You have some parts of the state that can not sell a home if it is not a foreclosure while other parts are seeing dramatic price increases. Los Gatos has had a 36.6% increase over the past year while Mill Valley is up 28.6%.

So to show that the world has not come to an end when you talk about California real estate, take a look at the average prices in these cities.

California –  The Top 10 Cities With The Highest Median Home Prices

1. Manhattan Beach, $1.77 million
2. Los Gatos, $1.42 million
3. Mill Valley, $1.37 million
4. Burlingame, $1.29 million
5. Calabasas, $1.18 million
6. Newport Beach, $1.14 million
7. Cupertino, $1.04 million
8. Rancho Palos Verdes, $1 million
9. San Carlos, $975,000 
10. Danville, $930,000

Pacific Business News