Research Facts & Figures
> Economic Forecasts & Updates
>
March 2009 Monthly Analysis
> Home Sales
BAY AREA HOME SALES
According to MDA DataQuick, the median price paid for all new and resale houses and condos combined in the Bay Area fell to $295,000 in February 2009. That was down 1.7 percent from $300,000 in January and down a record 46.2 percent from $548,000 a year ago.
In the East Bay, Alameda County’s median value was $29,000, a 29.0 percent decline from February 2008. The Contra Costa County median home sale value in January 2009 was $216,500, a 51.9 percent decline from February 2008 – due in part to foreclosure-related sales. In February, Contra Costa County continued to post the highest sales volume and the steepest annual decline in median sale prices throughout the Bay Area.
|
All Homes by County
|
Number Sold Feb
2009
|
Sales Annual Pct. Change
|
Median Jan. 2009
|
Median Annual Pct. Change
|
|
|
|
|
|
|
Alameda
|
971
|
29.0%
|
$290,000
|
-40.40%
|
|
|
Contra Costa
|
1,283
|
70.4%
|
$216,500
|
-51.90%
|
|
|
Marin
|
111
|
-18.4%
|
$573,409
|
-26.00%
|
|
|
Napa
|
88
|
54.4%
|
$322,500
|
-38.60%
|
|
|
San Francisco
|
272
|
-36.9%
|
$640,000
|
-13.00%
|
|
|
San Mateo
|
311
|
-9.3%
|
$502,250
|
-22.30%
|
|
|
Santa Clara
|
1,079
|
9.7%
|
$408,750
|
-37.90%
|
|
|
Solano
|
557
|
100.4%
|
$195,000
|
-44.30%
|
|
|
Sonoma
|
360
|
41.7%
|
$282,000
|
-29.50%
|
|
|
Bay Area
|
5,032
|
26.1%
|
$295,000
|
-46.20%
|
|
|
Source: MDA DataQuick
|
|
A total of 5,032 new and resale houses and condos closed escrow in the nine-county Bay Area last month. That was essentially unchanged from 5,050 in January but up 26.1 percent from 3,989 in February 2008. In the East Bay, Alameda and Contra Costa Counties both posted double-digit sales volume increases between February 2008 and February 2009 – with sales in Contra Costa County shooting up 70.4 percent over the previous period.
|
County/City/Area
|
# Sold
|
Feb-09
|
Feb-08
|
% Change
|
|
Alameda County
|
989
|
$300,000
|
$495,000
|
-39.39%
|
|
ALAMEDA
|
28
|
$544,000
|
$570,000
|
-4.56%
|
|
ALBANY
|
9
|
$675,000
|
$537,000
|
25.70%
|
|
BERKELEY
|
20
|
$635,000
|
$538,000
|
18.03%
|
|
CASTRO VALLEY
|
24
|
$405,500
|
$555,000
|
-26.94%
|
|
DUBLIN
|
31
|
$447,000
|
$491,500
|
-9.05%
|
|
EMERYVILLE
|
25
|
$250,000
|
$350,000
|
-28.57%
|
|
FREMONT
|
99
|
$415,000
|
$603,750
|
-31.26%
|
|
HAYWARD
|
174
|
$253,500
|
$432,000
|
-41.32%
|
|
LIVERMORE
|
78
|
$343,000
|
$480,000
|
-28.54%
|
|
NEWARK
|
31
|
$330,000
|
$386,000
|
-14.51%
|
|
OAKLAND
|
277
|
$165,000
|
$409,500
|
-59.71%
|
|
PLEASANTON
|
30
|
$655,000
|
$715,000
|
-8.39%
|
|
SAN LEANDRO
|
69
|
$319,000
|
$421,000
|
-24.23%
|
|
SAN LORENZO
|
30
|
$300,000
|
$402,000
|
-25.37%
|
|
UNION CITY
|
64
|
$352,500
|
$437,500
|
-19.43%
|
|
Contra Costa County
|
1,288
|
$220,000
|
$468,500
|
-53.04%
|
|
ALAMO
|
10
|
$1,357,500
|
$1,187,500
|
14.32%
|
|
ANTIOCH
|
229
|
$188,500
|
$352,000
|
-46.45%
|
|
BETHEL ISLAND
|
2
|
$172,000
|
$425,000
|
-59.53%
|
|
BRENTWOOD
|
80
|
$317,000
|
$457,500
|
-30.71%
|
|
CLAYTON
|
4
|
$543,000
|
$575,000
|
-5.57%
|
|
CONCORD
|
150
|
$219,500
|
$390,000
|
-43.72%
|
|
CROCKETT
|
2
|
$160,000
|
$290,000
|
-44.83%
|
|
DANVILLE
|
26
|
$762,500
|
$1,036,500
|
-26.44%
|
|
DISCOVERY BAY
|
25
|
$285,000
|
$450,000
|
-36.67%
|
|
EL CERRITO
|
7
|
$475,000
|
$639,000
|
-25.67%
|
|
EL SOBRANTE
|
20
|
$271,500
|
$439,000
|
-38.15%
|
|
HERCULES
|
28
|
$358,000
|
$459,000
|
-22.00%
|
|
LAFAYETTE
|
4
|
$1,012,500
|
$1,130,000
|
-10.40%
|
|
MARTINEZ
|
34
|
$362,500
|
$425,000
|
-14.71%
|
|
MORAGA
|
4
|
$558,500
|
$730,000
|
-23.49%
|
|
OAKLEY
|
88
|
$216,000
|
$420,000
|
-48.57%
|
|
ORINDA
|
7
|
$790,000
|
$970,000
|
-18.56%
|
|
PINOLE
|
10
|
$315,000
|
$377,500
|
-16.56%
|
|
PITTSBURG
|
185
|
$150,000
|
$325,500
|
-53.92%
|
|
PLEASANT HILL
|
20
|
$417,500
|
$510,000
|
-18.14%
|
|
RICHMOND
|
141
|
$113,000
|
$342,750
|
-67.03%
|
|
RODEO
|
12
|
$292,500
|
$425,000
|
-31.18%
|
|
SAN PABLO
|
99
|
$157,000
|
$345,000
|
-54.49%
|
|
SAN RAMON
|
45
|
$582,000
|
$795,000
|
-26.79%
|
|
WALNUT CREEK
|
51
|
$465,000
|
$590,000
|
-21.19%
|
|
Source: DataQuick / SF Chronicle
|
|
Previous: East Bay Payroll Employment
< Bay Area Home Sales >
Next: Construction Permits
|
