While I would assume the "50 offers" is at least somewhat exaggerated, in cases where there are lots of offers, my guess is that statistically, there are going to be at least a couple that are a good bit higher than the median offer price.

He also had a great line (which I promptly stole) when he said “ 70% of all statistics confuse 80% of the people 90% of the time.†Statistcs can be spun in so many ways as you can see in this article: http://www.biggerpockets.com/renewsblog/2009/02/23/spin-cycle-real-estate-statistics/I can’t wait to hear what that fantastic speaker at the Real Estate Insiders Club has to say in his economic update in April!

And, you'll have some retail sales If you look at the basic house statistics, and take all the, say 3/2/2 houses around 1200-1400 sq.ft, and make a list of the sales, you'll probably see them spread over a pretty big range.

In 2007, the most recent year for which statistics are available, 42% of men and 48% of women began collecting Social Security retirement benefits at age 62, the first year of eligibility.The current recession, the worst since the Depression, is striking when older workers are by historical standards unusually vulnerable.

As a fellow CA investor, I look forward to networking with you and answering any questions you may have.As far as your data request, there are several sites that offer statistics and such, but the numbers you are specifically asking about, I get from a close friend of mine who is a real estate agent of more than 30 years.

Land should be expensive, and it should probably take a good 20-30 years for a responsible family to pay it off.It's statistics, you can spin the numbers how you want if you select only the things you know will give you the numbers you want.

Population more than 250k or more in MSA (metropolitan statistical area_ - go to census.gov for a list of MSAs 3.

@James Syed I've found that Zillow is pretty good at estimating rents and prices in the local area, but Trulia is best for statistics, schools, etc.

The statistical average is 30% more consumption with water when the landlord pays for it and the amount is actually higher with loss as they are slow to report leaks which turn a 100 problem into a 500 problem by the time you find it.

Census Bureau, Bureau of Labor Statistics, Consumer Price Index, Federal Housing Finance Agency, Moody’s Economy.com, The Brookings Institution, National Association of Realtors, and National Association of Home Builders.The numbers tend to be a little conservative, but the accuracy over the last several years has been over 80%.