What is the avg yearly appreciation rate for real estate in California over the last 30 years?

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Submitted by golfer on January 7, 2009 - 1:25pm

Does anyone know what the avg. yearly appreciation rate for real estate is in California or more specifically SD County in the last 10, 20, 30 years?

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Because of two housing
Submitted by Eugene on January 7, 2009 - 1:47pm.

Because of two housing bubbles in the recent history, the answer you get will depend a lot on the timeframe you choose.

Another question that might
Submitted by cr on January 7, 2009 - 2:03pm.

Another question that might give you an idea is what % did incomes change in the same time period.

I found some data on the web
Submitted by golfer on January 7, 2009 - 2:40pm.

I found some data on the web that says that:

Existing Single Family Home Annual Median Sales Price

1968 - 1979 - 10.86% Avg Appreciation
1980 - 1989 - 7.95% Avg Appreciation
1990 - 1999 - .94% Avg Appreciation
2000 - 2007 - 10.09% Avg Appreciation

That brings the avg. appreciation rate over the last 40 years to 7.41%

just wait till 08 gets
Submitted by DWCAP on January 7, 2009 - 2:47pm.

just wait till 08 gets included in there.

DWCAP wrote:just wait till 08
Submitted by cr on January 7, 2009 - 4:02pm.

DWCAP wrote:
just wait till 08 gets included in there.

And 09.

Here is the
Submitted by carlsbadworker on January 7, 2009 - 4:28pm.

Here is the chart:

http://www.realestateabc.com/graphs/calp...

That explains why it was high in 1970s: hyper-inflation! Now the bubble burst will take away most of gain in Greenspan era.

They should have an inflation adjusted graph, which will tell much better story.

We're just talking California
Submitted by jpinpb on January 7, 2009 - 9:00pm.

We're just talking California in general, no specific ZIP?