:: blame the extended gestation.... ::

:: Thursday, February 12, 2004 ::

California home prices jump nearly 18 percent - 2004-02-12 - Sacramento Business Journal:

"Demand for housing in California helped push housing prices to record levels in the fourth quarter of 2003, up 17.9 percent on a year-to-year basis, the California Association of Realtors said Thursday.

The median price of an existing, single-family detached home in California during the fourth quarter hit $391,680. For the year as a whole, the median price of an existing, single-family detached home was a new annual record at $372,720, also a 17.9 percent increase compared to 2002. Record high prices were noted in all parts of the state, the association says.

The Sacramento area experienced a 16.5 percent increase over a year ago as the median price rose to $262,210. That's 3.7 percent higher than the third quarter. Broken down by counties, El Dorado County reported a 13.6 percent increase over last year from $279,000 to $317,000; Placer was up 17.6 percent to $350,000 from $297,500; Sacramento County was up 16.9 percent to $268,909 from $230,000; and Yolo County was up 12.4 percent to a median of $286,500 from $255,000. "

:: Jim Nichols 2/12/2004 04:11:00 PM [+] ::
...