Which Housing Markets Are All-Stars?
July 15 2014 - 10:00AM
FOR IMMEDIATE
RELEASE
Media Contact: Stacey Corso
510.735.2667
scorso@ziprealty.com
While metros on
both sides of the country are heavy hitters, 'teams' on the West
Coast continue to hit it out of the park, a new survey by ZipRealty
reports.
EMERYVILLE, Calif.,
July 15, 2014 - ZipRealty, Inc. (http://www.ziprealty.com) (NASDAQ:
ZIPR), a leading online residential real estate brokerage and
provider of technology and marketing solutions, has analyzed the
performance of 10 housing markets nationwide to see how they stack
up off the field. ZipRealty surveyed real estate market conditions
among rival 'teams' in Baltimore, Washington, DC, Chicago, Los
Angeles County, Orange County, New York City, Long Island,
Westchester County, San Francisco and Oakland, Calif.
"Baseball rivalries are heating up this time of
year, so we wanted to see how these areas of the country - with
major league teams representing the National League and American
League - compare," said Lanny Baker, CEO of ZipRealty. "But no
matter where your allegiance lies, scoring a new home is easy when
you search on our real estate apps and website. These tools, along
with the guidance of a real estate agent, can give you a jump on
the competition, especially in such high-velocity housing
markets."
Metro areas with the highest median home sales
prices, or biggest hitters, are mostly on the West Coast, according
to data collected through May 31 by ZipRealty. Here's how the
biggest hitters stack up:
-
San Francisco home price: $1 million
-
Orange County home price: $550,000
-
The Bronx, N.Y./Westchester County, N.Y. home
price: $485,000
-
Oakland, Calif. home price: $448,725
-
Los Angeles County home price: $445,000
-
Queens, N.Y./Nassau County home price:
$415,000
-
Washington, D.C. home price: $363,500
-
Chicago's North Side home price:$266,750
-
Baltimore home price: $235,000
-
Chicago's South side home price: $55,000
Areas with the best batting
averages or biggest year-over-year growth in median home
sales prices as of May 31 are:
-
Oakland, Calif. home price growth: 25%
-
Chicago's South Side home price growth:
22%
-
San Francisco home price growth: 20%
-
Chicago's North Side and Los Angeles County home
price growth: 16%
-
The Bronx, N.Y./Westchester County, N.Y. home
price growth: 12%
-
Orange County home price growth: 10%
-
Queens, N.Y./Nassau County N.Y. home price
growth: 6%
-
Washington, D.C. home price growth: 4%
-
Baltimore home price growth: 1%
Metros with the lowest days on market or the
lowest Earned Run Averages (ERAs)
include:
-
Oakland, Calif.: 16 days
-
Washington, DC: 19 days
-
Chicago's North Side: 25 days
-
Los Angeles County and Orange County: 27
days
-
San Francisco: 31 days
-
Baltimore: 44 days
-
Chicago's South Side: 48 days
-
Queens, N.Y./Nassau County, N.Y.: 83 days
-
The Bronx, N.Y./Westchester County, N.Y.: 125
days
For more information, check out ZipRealty's latest
all-star housing market blog.
###
www.ziprealty.com
About ZipRealty,
Inc.
ZipRealty is a leading national real estate brokerage and provider
of proprietary technology and comprehensive online marketing tools
for the residential real estate brokerage industry. For home buyers
and sellers who increasingly want control, choice and a seamless,
customized service, ZipRealty offers Internet-enabled,
state-of-the-art technology and complete access to accurate, timely
information via its website and mobile applications, which real
estate professionals can combine with their own local knowledge and
personal expertise to offer an exceptional start-to-finish client
experience. For real estate professionals who seek more productive
ways to conduct business, ZipRealty provides technology and online
marketing tools to enhance their online sales channel, including
lead generation, conversion and service of their clients.
ZipRealty's technology and online marketing products serve its
full-service, owned-and-operated residential real estate brokerage
business in 19 markets nationwide, as well as its Powered by Zip
(PbZ) network of leading third-party local brokerages in 21
markets.
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This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ZipRealty via Globenewswire
HUG#1825011
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