The statewide median price for a single-family home in 2017 was approximately $537,860 , representing a 6.9% increase from 2016.
Competitive markets often resulted in multiple-bid situations. Buyers were advised to remain data-driven and avoid overextending their budgets. buying a house in california 2017
Cities like Vallejo emerged as top national performers due to their relative affordability compared to the surging San Francisco Bay Area . Regional Pricing Snapshot (Late 2017) Region/County Median Home Price Year-over-Year Change Statewide $549,560 (Dec) Orange County Los Angeles County San Bernardino County Riverside County Bay Area (Forecasted) Key Buying Tips for the 2017 Landscape The statewide median price for a single-family home
With high competition and limited stock, sellers in 2017 frequently required a mortgage pre-approval letter before even showing a property. Cities like Vallejo emerged as top national performers
First-time buyers often turned to programs from the California Housing Finance Agency (CalHFA) for down payment and closing cost help.