Teddy Roosevelt's 23-room home in Oyster Bay, N.Y., cost $16,975 to build back in the 1880s. Today, it would sell for a bit more: an estimated $3,195,000, not counting its historical significance. Here's a look at six presidential homes and how much they would be worth if they hit the market today.
The California Association of Realtors reports that the Bay Area was the only region in California where homes sold at a premium in May, with final sales prices an average of 7.3 percent above asking prices.
Available homes across the Bay Area were even harder to come by this May than they were last spring, with the months' supply of inventory (MSI) dropping from one year ago in all of Pacific Union's regions except Lake Tahoe/Truckee. Meanwhile, the median sales price reached yearly highs in four of our Bay Area regions. Get all the latest figures in Pacific Union's May 2015 Real Estate Update.
As has been the case for the past few years, Bay Area home sellers remain firmly in the driver's seat, with four of our local counties ranking among the top 10 in the nation for largest premiums this spring.
Home prices grew slightly faster than rents across the country over the past year, but purchasing a property remains the less-expensive option, thanks in part to low mortgage rates. That's true even here in the Bay Area, which lays claim to the highest home prices in the nation.