June 2008 Monthly Analysis
> Housing
BAY AREA HOUSING
According to DataQuick Information Systems, Bay Area home sales slowed again in May. Sales in high-end markets were slowest, while inland markets saw year-over-year increases due to buyers taking advantage of falling prices.
|
All Homes by County
|
Number Sold
April 2008
|
Sales Annual Pct.
Chg
|
Median
April
2008
|
Median Annual
Pct.
Chg
|
|
Alameda
|
1,186
|
-27.30%
|
$475,750
|
-19.20%
|
|
Contra Costa
|
1,206
|
-11.70%
|
$390,500
|
-33.80%
|
|
Marin
|
226
|
-37.00%
|
$899,000
|
5.80%
|
|
Napa
|
105
|
-6.30%
|
$475,000
|
-24.30%
|
|
San
Francisco
|
593
|
-3.70%
|
$790,000
|
5.40%
|
|
San Mateo
|
511
|
-33.00%
|
$708,000
|
-12.30%
|
|
Santa Clara
|
1,467
|
-32.70%
|
$620,500
|
-13.00%
|
|
Solano
|
465
|
-2.30%
|
$300,500
|
-31.00%
|
|
Sonoma
|
457
|
-20.90%
|
$415,000
|
-20.10%
|
|
Bay Area
|
6,216
|
-23.10%
|
$517,000
|
-21.70%
|
|
Source: Data Quick Information Systems
|
A total of 6,216 new and resale houses and condos sold in the nine-county Bay Area in May 2008. That was down 1.5 percent from 6,310 in April, and down 23.1 percent from 8,080 in May 2007, DataQuick Information Systems reported.
Last month was the slowest May in DataQuick's statistics, which go back to 1988.
All Bay Area counties saw a decrease in the number of homes sold when compared to May 2007. Alameda County saw 1,186 homes sell in May 2008, a 27.30 percent decrease from May 2007. The number of homes sold in Contra Costa was 1,206, down 11.70 percent from May 2007.
In terms of median values, most Bay Area counties continued to see year-over-year decreases in May. The median price paid for a Bay Area home was $517,000 last month, down 21.7 percent from May 2007.
In May 2008, a majority of cities in both Alameda and Contra Costa counties saw year-over-year declines in median home values.
|
City
|
# Sold May 2008
|
Median May 2008 |
Median May 2007
|
Y-o-Y
% Change
|
|
Alameda County (thru 5/28)
|
837
|
$493,000
|
$613,750
|
-19.67%
|
|
ALAMEDA
|
43
|
$665,000
|
$635,000
|
4.72%
|
|
ALBANY
|
12
|
$585,000
|
$691,500
|
-15.40%
|
|
BERKELEY
|
45
|
$756,000
|
$863,500
|
-12.45%
|
|
CASTRO VALLEY
|
34
|
$504,500
|
$615,000
|
-17.97%
|
|
DUBLIN
|
35
|
$525,000
|
$633,750
|
-17.16%
|
|
EMERYVILLE
|
17
|
$325,000
|
$430,950
|
-24.59%
|
|
FREMONT
|
127
|
$615,000
|
$654,000
|
-5.96%
|
|
HAYWARD
|
83
|
$348,000
|
$500,000
|
-30.40%
|
|
LIVERMORE
|
61
|
$439,000
|
$611,250
|
-28.18%
|
|
NEWARK
|
23
|
$400,000
|
$625,000
|
-36.00%
|
|
OAKLAND
|
193
|
$430,000
|
$564,500
|
-23.83%
|
|
PLEASANTON
|
58
|
$700,000
|
$769,500
|
-9.03%
|
|
SAN LEANDRO
|
57
|
$400,000
|
$513,500
|
-22.10%
|
|
SAN LORENZO
|
23
|
$369,000
|
$542,000
|
-31.92%
|
|
UNION CITY
|
26
|
$380,000
|
$600,000
|
-36.67%
|
|
Contra Costa County
|
1,136
|
$387,000
|
$590,000
|
-34.41%
|
|
ALAMO
|
11
|
$1,275,000
|
$1,550,000
|
-17.74%
|
|
ANTIOCH
|
168
|
$280,000
|
$436,000
|
-35.78%
|
|
BETHEL ISLAND
|
5
|
$373,000
|
$450,000
|
-17.11%
|
|
BRENTWOOD2
|
98
|
$406,000
|
$556,000
|
-26.98%
|
|
CLAYTON
|
13
|
$698,000
|
$685,000
|
1.90%
|
|
CONCORD
|
111
|
$380,000
|
$495,000
|
-23.23%
|
|
CROCKETT
|
3
|
$336,500
|
$579,000
|
-41.88%
|
|
DANVILLE
|
49
|
$860,000
|
$1,065,000
|
-19.25%
|
|
DISCOVERY BAY
|
33
|
$395,000
|
n/a
|
n/a
|
|
EL CERRITO
|
14
|
$499,000
|
$700,000
|
-28.71%
|
|
EL SOBRANTE
|
22
|
$318,250
|
$455,000
|
-30.05%
|
|
HERCULES
|
27
|
$396,000
|
$505,000
|
|
