Granite Bay, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Granite Bay Neighborhoods Since 2000




Granite Bay, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Granite Bay Housing Market Information

With 21,536 people, 7,795 houses or apartments, and a median cost of homes of $777,469, Granite Bay house prices are not only among the most expensive in California, Granite Bay real estate also is some of the most expensive in all of America.

Granite Bay is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Granite Bay than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Granite Bay. Owner-occupied housing accounts for 86.50% of Granite Bay's homes, and 73.79% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Granite Bay built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Granite Bay built between 1940-1969 ( 16.72%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.97%). There's also some housing in Granite Bay built before 1939 ( 1.22%).

Granite Bay Home Appreciation Rates

Real estate appreciation rates in Granite Bay's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.24% during the period.

Appreciation rates are so strong in Granite Bay that despite a nationwide downturn in the housing market, Granite Bay real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Granite Bay appreciation rates continue to be some of the highest in America, at 8.71%, which is higher than appreciation rates in 89.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Granite Bay. Granite Bay appreciation rates in the latest quarter were at 2.60%, which equates to an annual appreciation rate of 10.82%.

Importantly, this makes Granite Bay one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to California, our data show that Granite Bay's latest annual appreciation rate is higher than 60% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$777,469

Granite Bay, CA HOME PRICES

Value Range
> $1,304,000 13.6
$978,001 - $1,304,000 15.4
$652,001 - $978,000 35.1
$521,001 - $652,000 16.6
$391,001 - $521,000 8.2
$261,001 - $391,000 6.2
$131,001 - $261,000 0.9
$65,001 - $131,000 0.5
$0 - $65,000 3.5

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.09187858900738 19.5767195767196

Number Of Homes And Apartments:
7,795

Granite Bay Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
76.18% 3.34% 4 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,944 / per month

Homeownership Rate

Homeownership
Owners 86.50
Renters 13.50
Vacant 2.28

Housing Market Details

 

Age of Homes

AGE OF Granite Bay HOMES
2000 or Newer 14.0
1970 - 1999 68.1
1940 - 1969 16.7
1939 or Older 1.2

Types of Homes

TYPE OF Granite Bay HOMES
Single-Family 92.2
Townhomes 2.2
Small Apt. Buildings 0.8
Apt. Complexes 1.1
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Granite Bay HOMES
No Bedroom 0.44
1 Bedroom 1.67
2 Bedrooms 7.05
3 Bedrooms 31.33
4 Bedrooms 42.46
5 or more bedrooms 17.06