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The Current Humboldt County Real Estate Market:

Abe's Analysis (April 2008): Local real estate prices have decreased about 15% from a peak reached in approximately September 2005. The chart appears to show an increase in $/sqft over the last three months, however sales volume decreased to the lowest levels in at least 8 years. Also, what isn't reflected in these charts are the actual sales prices of the homes. The last few months have seen a large increase in the number of homes sold for less than $200K, and very few sales at the higher end of the market. These smaller homes, often with only 1 or 2 bedrooms, are more likely to sell for a higher price per sqft. Because of that, I believe home prices will continue to decrease in the near future. If interest rates continue to remain low, this Spring and Summer may be an excellent time for buyers to find a good deal. Start saving now, since lenders are increasing lending standards and looking for larger down payments.

The above charts reflect data collected from the Humboldt MLS system, and only include sales of single family homes on city-sized lots in Arcata, Eureka, and Fortuna. While this data includes only a fraction of the total number of Humboldt County home sales, it may be useful as an indicator and charting trends in the market.