February 2008 Monthly Analysis
> Housing
HOUSING
According to Data Quick Information Systems, sluggish demand
kept sales at a two-decade low for the third straight month in the
Bay Area. While prices continued to hold up best in the region's
core markets, outlying areas continued to post double-digit
annual declines.
A total of 5,127 new and resale houses and condos were sold in
the Bay Area in November. That was down 6.5 percent from 5,486
in October, and down 36.2 percent from 8,042 in November 2006.
Sales have decreased on a year-over-year basis for 34 consecutive
months. Last month was the slowest November in DataQuick's
statistics, which go back to 1988. Until last month, the slowest
November was in 1990, when 6,015 homes sold. The strongest
November, in 2004, saw 11,906 sales. The average for the month
is 8,367.
|
All Homes by County
|
Number Sold
November 2007
|
Sales Annual Pct.
Chg
|
Median
November 2007
|
Median
Annual
Pct.
Chg
|
|
Alameda
|
1,098
|
-33.70%
|
$570,000
|
-3.00%
|
Contra Costa |
1,011
|
-42.40%
|
$530,500
|
-1.80%
|
|
Marin
|
216
|
-28.70%
|
$875,000
|
5.50%
|
|
Napa
|
71
|
-53.90%
|
$548,750
|
0.20%
|
|
San
Francisco
|
1,381
|
-35.00%
|
$683,750
|
1.50%
|
|
San
Mateo
|
526
|
-8.20%
|
$795,000
|
3.90%
|
|
Santa Clara
|
512
|
-28.80%
|
$775,000
|
2.60%
|
|
Solano
|
309
|
-51.40%
|
$391,750
|
-15.60%
|
|
Sonoma
|
362
|
-40.90%
|
$473,000
|
-9.00%
|
|
Bay
Area
|
5,486
|
-35.70%
|
$631,000
|
2.40%
|
|
Source: Data Quick Information Systems
|
In the East Bay, both Alameda and Contra Costa Counties
continued to post sharp losses in the numbers of homes sold,
while median prices continued to decline on a year-over-year
basis.
EAST BAY HOME SALES
In November 2007 the median home sale price in Alameda County
was $575,000 - a 1.88 percent, or $11,000, decrease compared
with November 2006. In Contra Costa County the median home
sale price was $521,000 in November 2007 - an 8.92 percent, or
$49,000, decrease compared to November 2006. A majority of
cities in both counties saw year-over-year declines in median
home values, while the number of homes sold decreased as well.
|
County/City/Area
|
# Sold
|
November 2007
|
November 2006
|
% Change
Yr-To-Yr
|
|
ALAMEDA
COUNTY
|
627
|
$575,000
|
$586,000
|
-1.88%
|
|
ALAMEDA
|
42
|
$739,000
|
$675,000
|
9.48%
|
|
ALBANY
|
10
|
$505,000
|
$544,250
|
-7.21%
|
|
BERKELEY
|
43
|
$685,000
|
$647,750
|
5.75%
|
|
CASTRO
VALLEY
|
19
|
$510,000
|
$615,000
|
-17.07%
|
|
DUBLIN
|
20
|
$557,750
|
$662,500
|
-15.81%
|
|
EMERYVILLE
|
17
|
$430,000
|
$540,000
|
-20.37%
|
|
FREMONT
|
96
|
$642,500
|
$629,500
|
2.07%
|
|
HAYWARD
|
51
|
$435,000
|
$540,000
|
-19.44%
|
|
LIVERMORE
|
48
|
$537,000
|
$589,500
|
-8.91%
|
|
NEWARK
|
14
|
$538,500
|
$579,954
|
-7.15%
|
|
OAKLAND
|
164
|
$566,750
|
$494,500
|
14.61%
|
|
PLEASANTON
|
39
|
$715,000
|
$700,000
|
2.14%
|
|
SAN
LEANDRO
|
25
|
$464,000
|
$550,000
|
-15.64%
|
|
SAN
LORENZO
|
10
|
$405,000
|
$551,000
|
-26.50%
|
|
UNION
CITY
|
29
|
$600,000
|
$590,500
|
1.61%
|
|
CONTRA
COSTA COUNTY
|
717
|
$521,000
|
$572,000
|
-8.92%
|
|
ALAMO
|
10
|
$1,013,000
|
$1,450,000
|
-30.14%
|
|
ANTIOCH
|
67
|
$364,000
|
$490,000
|
-25.71%
|
|
BRENTWOOD
|
48
|
$449,500
|
$662,500
|
-32.15%
|
|
CLAYTON
|
7
|
$775,000
|
$611,000
|
26.84%
|
|
CONCORD
|
76
|
$407,500
|
$520,000
|
-21.63%
|
|
CROCKETT
|
4
|
$320,000
|
$522,500
|
-38.76%
|
|
DANVILLE
|
62
|
$1,021,000
|
$975,000
|
4.72%
|
|
EL
CERRITO
|
10
|
$637,000
|
$590,000
|
7.97%
|
|
EL
SOBRANTE
|
10
|
$275,000
|
$555,000
|
-50.45%
|
|
HERCULES
|
8
|
$507,500
|
$594,500
|
-14.63%
|
|
LAFAYETTE
|
16
|
$1,030,000
|
$1,174,500
|
-12.30%
|
|
MARTINEZ
|
26
|
$512,500
|
$552,500
|
-7.24%
|
|
MORAGA
|
12
|
$740,000
|
$1,077,500
|
-31.32%
|
|
OAKLEY
|
43
|
$455,000
|
$530,000
|
-14.15%
|
|
ORINDA
|
19
|
$1,143,000
|
$967,500
|
18.14%
|
|
PINOLE
|
13
|
$495,000
|
$550,500
|
-10.08%
|
|
PITTSBURG
|
30
|
$350,250
|
$461,000
|
-24.02%
|
|
PLEASANT
HILL
|
19
|
$550,000
|
$625,000
|
-12.00%
|
|
RICHMOND
|
42
|
$413,500
|
$450,000
|
-8.11%
|
|
RODEO
|
3
|
$450,000
|
$560,000
|
-19.64%
|
|
SAN
PABLO
|
28
|
$330,000
|
$458,500
|
-28.03%
|
|
SAN
RAMON
|
105
|
$797,500
|
$800,000
|
-0.31%
|
|
WALNUT
CREEK
|
54
|
$609,500
|
$645,000
|
-5.50%
|
|
|
|
|
Source:
DataQuick
|
|
