From the WSJ Real Estate Archives

Luxury-Home Index - December 06, 2004


From The Wall Street Journal Online

Here's the price change in percentage terms for repeat sales of an area's most expensive residences.

The figures are in relation to prices in January 2000. For example, a Los Angeles home that cost $1.64 million in November 2003 is now, on average, valued at $1.83 million.

TOWN NOV 2004 NOV 2003 CHANGE
New York 149.5 149.7 -0.1%
Los Angeles 183.6 164.3 11.7
Chicago 138.7 133.7 3.7
Philadelphia 176.6 161.6 9.3
San Diego 190.0 165.4 14.9
Phoenix 133.5 123.0 8.5
Detroit 123.6 119.8 3.2
San Francisco 127.2 121.9 4.3
Boston 147.1 137.3 7.1
Seattle 123.1 117.0 5.2

Source: First American RES

Conforming Mortgage Rates

Average daily rate for a $165,000 mortgage loan.*

  30-YR 15-YR 1-YR
  FIXED FIXED ARM
THIS WEEK 5.39% 4.83% 3.40%
LAST WEEK 5.30 4.74 3.39
LAST MONTH 5.31 4.71 3.22
LAST YEAR 5.66 5.01 3.33

Jumbo Mortgage Rates

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

  30-YR 5/1-YR
  JUMBO ARM
THIS WEEK 5.62% 4.67%
LAST WEEK 5.54 4.59
LAST MONTH 5.57 4.43
LAST YEAR 5.90 4.61

*With 20% down payment.

Source: bankrate.com, as of Nov. 10, 2004

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