“5 – Median price for the closed sales this last quarter was $401,383, which is now only 5.12 x the average annual household income in town ($78,250). By contrast, the median price in 1999 ($191,499) was only 3.6 times the then-median household income level of $53,624. To do that in the here and now, the current medians would have to drop to $281,700. ”
I read the median was in the 300k range, at present. Not far from 281k….
I really hope the 281k is correct and that’s what happens, but where are these people comming from?
My realtor isn’t the only one saying Poway is getting 5/6 bids on a house. I’ve read it here too.
Thanks ex-sd good article, I’ll show it to my hubby…..
