Millbrae Cogeneration/Grease Recycling Project
San Mateo Times Endorses Hinton, Simons

Foreclosure Watch: Prices Plunge, Sales Up

July data from DataQuick indicate that the number of real estate sales in Pacifica rose 6.7 percent from one year ago, while the median price here dropped to $550,000, a 23.2 percent decline from one year ago.

In the Pacifica Tribune legal notices, foreclosure auction notices hit an all-time high of 73 in the first week of September but have declined sharply to a low of 40 this past week. That is the lowest level of trustee auction notices since the first week of May 2008.

The highest price paid for a house in Pacifica in July was $1,105,000. Despite that sale, the average per-square-foot sale price in Pacifica declined 30.3 percent, year to year, to $396 in July. It is now one of the lowest prices in San Mateo County.

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About the 85,000,000,000 being divided among 200,000,000 Americans.

I think the math is a little off. It would be $425 for each person, not $425,000.

But it's a novel idea.

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