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Home Prices in Piedmont Expected to Rise This Year

Real estate website forecasts price increases for 2013 in all but one Bay Area ZIP code

Home prices in Piedmont will rise about 5 percent this year, according to a study done by an online real estate site.

The site, zillow.com, predicts home prices in 244 of the 245 zip codes in the Bay Area will rise in 2013. The only exception will be the 94515 area in Calistoga, according to a story in the San Francisco Chronicle.

The story says the biggest reason for the projected price increase is a lack of homes for sale on the market.

Even with the increase, prices are still well below the peak prices of a few years ago in most zip codes.

Here is the individual zip code data for the Piedmont-Montclair area.

Zip Code Dec. 2012 median Dec. 2013 projection Increase % decrease from peak price 94611 $774,100 $811,524 4.8%  -16.2 percent
Kathleen Callahan February 21, 2013 at 06:49 AM
Zillow?!!! You're joking, right?
Tatter Salad February 23, 2013 at 02:46 AM
Mr. Mills isn't 'joking' as much as he is 'baiting.' As a PATCH subcontractor, his job is to generate interest among Realtors to advertise here, and at present they are courting Caldwell-Banker to pay for 'info-mercials' such that their business listings are 'wrapped' in 'old house' or, 'what should we do we do with this commercial property' scams.
Kathleen Callahan February 23, 2013 at 05:36 PM
I thought as much. Thanks.

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