06-18-2008 11:02 AM
06-22-2008 04:39 PM
According to it, Oakland-Fremont-Hayward has appreciated 11.2% annualized from 2001-2006, after inflation. The 20 year average real price gain is 5.5%, and 30 year, 5.3%. For SF-San Mateo-Redwood City, those numbers are 7.9%, 5.8%, and 5.5%, respectively.
Of course with the past 2 years of depreciation (East Bay) or flat prices (SF/San Mateo/Redwood City), the 5 year annualized numbers are wrong, and the longer-term numbers off, but less so. Considering prices are now about where they were in 2004 for the East Bay, you're looking at close to 0% annualized appreciation the past 5 years.
06-22-2008 08:00 PM