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Q3 2009 Quarterly Forecast
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Residential Real Estate
RESIDENTIAL REAL ESTATE
BAY AREA HOME SALES
According to MDA DataQuick, the median price paid for all new and resale houses and condos sold in the nine-county Bay Area was $352,000 last month, up 3.1 percent from $341,500 in May and down 27.4 percent from $485,000 in June 2008. It was the highest since $375,000 last October.
In the East Bay, Alameda County’s median value was $335,000 in June – up 1.5 percent over May, but down 26.4 percent since June 2008. The Contra Costa County median home sale value in June 2009 was $250,000 – up 6.6 percent over May, but down 33.9 percent since June 2008. A total of 8,644 new and resale houses and condos sold across the nine-county Bay Area in June. That was up 16.1 percent from 7,447 in May and up 20.4 percent from 7,178 in June 2008. In both Alameda and Contra Costa Counties home sales continued to climb well above those reported one year ago.
| All Homes
by County |
Number
Sold June 2009 |
Sales
Annual Pct. Change |
Median
June 2009 |
Median
Annual Pct. Change |
| Alameda |
1,753 |
21.70% |
$335,000 |
-26.40% |
| Contra Costa |
1,817 |
18.90% |
$250,000 |
-33.90% |
| Marin |
271 |
5.00% |
$710,000 |
-16.10% |
| Napa |
108 |
-4.40% |
$355,000 |
-19.30% |
| San Francisco |
561 |
-1.80% |
$635,000 |
-12.60% |
| San Mateo |
622 |
10.10% |
$565,500 |
-18.00% |
| Santa Clara |
2,090 |
28.50% |
$445,000 |
-27.30% |
| Solano |
851 |
66.50% |
$185,000 |
-38.30% |
| Sonoma |
571 |
1.10% |
$300,000 |
-23.00% |
| Bay Area |
8,644 |
20.40% |
$352,000 |
-27.40% |
| Source:
MDA DataQuick |
EAST BAY HOME SALES
| County/City/Area |
# Sold |
June 2009 |
June 2008 |
% Change |
| Alameda County |
1,647 |
$335,000 |
$452,000 |
-25.88% |
| ALAMEDA |
52 |
$523,000 |
$560,000 |
-6.61% |
| ALBANY |
16 |
$532,500 |
$459,000 |
16.01% |
| BERKELEY |
53 |
$565,000 |
$731,500 |
-22.76% |
| CASTRO VALLEY |
50 |
$425,000 |
$485,000 |
-12.37% |
| DUBLIN |
77 |
$530,000 |
$470,000 |
12.77% |
| EMERYVILLE |
37 |
$240,000 |
$321,000 |
-25.23% |
| FREMONT |
212 |
$440,500 |
$550,000 |
-19.91% |
| HAYWARD |
227 |
$230,000 |
$330,000 |
-30.30% |
| LIVERMORE |
107 |
$410,000 |
$515,000 |
-20.39% |
| NEWARK |
45 |
$315,000 |
$426,250 |
-26.10% |
| OAKLAND |
427 |
$195,000 |
$367,500 |
-46.94% |
| PLEASANTON |
97 |
$585,000 |
$720,000 |
-18.75% |
| SAN LEANDRO |
114 |
$293,500 |
$394,250 |
-25.55% |
| SAN LORENZO |
33 |
$300,000 |
$362,500 |
-17.24% |
| UNION CITY |
99 |
$360,000 |
$450,000 |
-20.00% |
| Contra Costa County |
1,730 |
$250,000 |
$375,000 |
-33.33% |
| ALAMO |
14 |
$1,255,000 |
$1,380,000 |
-9.06% |
| ANTIOCH |
242 |
$190,000 |
$283,500 |
-32.98% |
| BRENTWOOD |
100 |
$314,000 |
$389,000 |
-19.28% |
| CLAYTON |
17 |
$520,000 |
$549,000 |
-5.28% |
| CONCORD |
159 |
$260,000 |
$312,000 |
-16.67% |
| CROCKETT |
8 |
$324,250 |
$403,500 |
-19.64% |
| DANVILLE |
79 |
$805,000 |
$956,000 |
-15.79% |
| DISCOVERY BAY |
48 |
$331,500 |
$395,000 |
-16.08% |
| EL CERRITO |
22 |
$512,500 |
$495,000 |
3.54% |
| EL SOBRANTE |
40 |
$217,500 |
$336,000 |
-35.27% |
| HERCULES |
52 |
$280,500 |
$412,500 |
-32.00% |
| LAFAYETTE |
19 |
$1,025,000 |
$887,500 |
15.49% |
| MARTINEZ |
53 |
$294,000 |
$411,500 |
-28.55% |
| MORAGA |
14 |
$906,000 |
$840,000 |
7.86% |
| OAKLEY |
89 |
$245,000 |
$298,500 |
-17.92% |
| ORINDA |
16 |
$933,750 |
$1,145,000 |
-18.45% |
| PINOLE |
19 |
$263,500 |
$385,000 |
-31.56% |
| PITTSBURG |
221 |
$140,500 |
$270,000 |
-47.96% |
| PLEASANT HILL |
30 |
$377,000 |
$487,500 |
-22.67% |
| RICHMOND |
156 |
$101,500 |
$230,000 |
-55.87% |
| RODEO |
13 |
$205,000 |
$250,000 |
-18.00% |
| SAN PABLO |
106 |
$126,500 |
$270,000 |
-53.15% |
| SAN RAMON |
117 |
$620,000 |
$811,000 |
-23.55% |
| WALNUT CREEK |
88 |
$535,000 |
$591,000 |
-9.48% |
| Source: DataQuick / SF Chronicle |
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