From the WSJ Real Estate Archives
Elite Home Index - August 09, 2004
Here's the average sale price through July in areas, listed east to west, with high concentrations of top-ranked professionals and executives. The figures are based on average sales of homes in selected ZIP Codes with a median annual income of $100,000 and a median home price in excess of $300,000.
| Town/Zip Code |
Jan.-July 2004 |
Jan.-July 2003 |
Change |
| Stamford, Conn. (06903) |
$857,315 | $801,934 | 6.9% |
| Mountain Lakes, N.J. (07046) |
795,749 | 694,658 | 14.6 |
| Manhasset, N.Y. (11030) |
1,165,341 | 1,017,958 | 14.5 |
| Old Westbury, N.Y. (11568) |
1,648,857 | 1,723,529 | -4.3 |
| Villanova, Pa. (19085) |
706,433 | 1,010,184 | -30.1 |
| Fairfax, Va. (22039) |
701,708 | 603,538 | 16.3 |
| Glencoe, Ill. (60022) |
893,015 | 838,151 | 6.5 |
| Lake Forest, Ill. (60045) |
987,114 | 908,945 | 8.6 |
| Los Angeles (90077) |
1,681,899 | 1,088,477 | 54.5 |
| Menlo Park, Calif. (94025) |
834,323 | 785,305 | 6.2 |
Source: First American RES
Conforming Mortgage Rates
Average daily rate for a $165,000 mortgage loan.*
|
30-Yr. Fixed |
15-Yr. Fixed |
1-Yr. ARM |
|
| This Week | 5.65% | 5.08% | 3.34% |
| Last Week | 5.76 | 5.19 | 3.38 |
| Last Month | 5.70 | 5.11 | 3.34 |
| Last Year | 6.06 | 5.40 | 3.74 |
Jumbo Mortgage Rates
Average daily rate for a $335,000 mortgage loan.*
|
30-Yr. Jumbo |
5/1-Yr. ARM |
|
| This Week | 5.91% | 4.85% |
| Last Week | 5.98 | 4.92 |
| Last Month | 5.92 | 4.89 |
| Last Year | 6.31 | 4.68 |
*With 20% down payment. Source: bankrate.com, as of Aug. 4
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