From the WSJ Real Estate Archives

Elite Home Index - November 1, 2004


From The Wall Street Journal Online

Here's the average sale price through this year to date 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-Oct 2004 Jan-Oct 2003 Change
Stamford, Conn. (06903) $862,356 $806,346 6.9%
Mountain Lakes, N.J. (07046) 939,542 727,420 29.2
Manhasset, N.Y. (11030) 1,203,184 1,051,886 14.4
Old Westbury, N.Y. (11568) 1,530,119 1,733,720 -11.7
Villanova, Pa. (19085) 863,172 1,169,072 -26.2
Fairfax, Va. (22039) 722,069 610,026 18.4
Glencoe, Ill. (60022) 958,918 845,105 13.5
Lake Forest, Ill. (60045) 1,063,853 936,433 13.6
Los Angeles (90077) 1,621,865 1,303,122 24.5
Menlo Park, Calif. (94025) 872,216 777,413 12.2

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 5.24% 4.64% 3.21%
Last Week 5.27 4.68 3.21
Last Month 5.32 4.73 3.20
Last Year 5.52 4.85 3.51

Jumbo Mortgage Rates

Average daily rate for a $335,000 mortgage loan.*

  30-Yr Jumbo 5/1-Yr ARM
This Week 5.53% 4.34%
Last Week 5.55 4.38
Last Month 5.63 4.47
Last Year 5.85 4.51

*With 20% down payment.

Source: bankrate.com, as of October 27, 2004.

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