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February 2010 Monthly Analysis
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Bay Area Home Sales
BAY AREA HOME SALES
BAY AREA HOME SALES
According to MDA DataQuick, the number of Bay Area homes sold in January decreased more than usual from December 2009 and fell below the year-ago level for the first time in 17 months. In a year-over-year basis, the median sale price increased above the estimate in January 2009, but dipped 8 percent from December as demand shifted more toward foreclosures and less-expensive inland homes. A total of 4,853 new and resale houses and condos closed escrow in the nine-county Bay Area last month. That was down 38.0 percent from 7,828 sales in December and down 3.9 percent from 5,050 sales in January 2009.
In the East Bay, Alameda County’s median value was $341,000 in January 2010 – a 5.3 percent decrease from December and a 13.7 percent increase when compared to January 2009. In Contra Costa County the median home value was $257,250 – a 10.5 percent decrease from December and a 16.9 percent increase when compared to January 2009. .
The median price paid for a Bay Area home was $350,000 in January 2010. That was down 8 percent from $380,000 for the month of December, and up 16.7 percent from $300,000 for January 2009. Last month was the first since August 2008 in which sales fell on a year-over-year basis. January’s 4,853 sales total was 22.5 percent short of the average January tally – 6,261 – since 1988. Sales last month were also the second-lowest for a January since 1995, behind 3,586 sales in January 2007. The peak sales total for a January was in 2005, when 8,298 homes sold.
| All Homes by County |
Number Sold Jan 2010 |
Sales Annual Pct. Change |
Median Jan 2010 |
Median Annual Pct. Change |
Alameda |
936 |
-5.80% |
$341,000 |
13.70% |
Contra Costa |
1,078 |
-19.10% |
$257,250 |
16.90% |
Marin |
153 |
25.40% |
$535,000 |
1.90% |
Napa |
87 |
11.50% |
$350,000 |
-5.40% |
San Francisco |
311 |
35.80% |
$629,000 |
11.90% |
San Mateo |
355 |
30.00% |
$579,000 |
18.30% |
Santa Clara |
1,137 |
9.60% |
$451,500 |
12.80% |
Solano |
462 |
-17.50% |
$201,500 |
4.40% |
Sonoma |
334 |
-21.20% |
$325,000 |
8.40% |
Bay Area |
4,853 |
-3.90% |
$350,000 |
16.70% |
| Source:
MDA DataQuick |
EAST BAY HOME SALES
| County/City/Area |
# Sold |
Jan-10 |
Jan-09 |
% Change |
ALAMEDA COUNTY |
909 |
$335,000 |
$304,545 |
10.00% |
ALAMEDA |
21 |
$430,000 |
$544,000 |
-21.00% |
ALBANY |
11 |
$400,000 |
$675,000 |
-40.70% |
BERKELEY |
27 |
$440,000 |
$650,000 |
-32.30% |
CASTRO VALLEY |
30 |
$420,000 |
$421,000 |
-0.20% |
DUBLIN |
40 |
$436,250 |
$475,250 |
-8.20% |
EMERYVILLE |
20 |
$364,500 |
$250,000 |
45.80% |
FREMONT |
109 |
$424,000 |
$415,500 |
2.00% |
HAYWARD |
136 |
$255,000 |
$255,000 |
0.00% |
LIVERMORE |
62 |
$389,750 |
$353,000 |
10.40% |
NEWARK |
27 |
$350,000 |
$330,000 |
6.10% |
OAKLAND |
240 |
$192,500 |
$165,000 |
16.70% |
PLEASANTON |
49 |
$640,000 |
$671,000 |
-4.60% |
SAN LEANDRO |
68 |
$306,000 |
$319,000 |
-4.10% |
SAN LORENZO |
22 |
$297,750 |
$300,000 |
-0.70% |
UNION CITY |
47 |
$340,000 |
$352,500 |
-3.50% |
CONTRA COSTA COUNTY |
1,022 |
$252,500 |
$220,000 |
14.80% |
ALAMO |
14 |
$930,000 |
$1,357,500 |
-31.50% |
ANTIOCH |
144 |
$206,500 |
$189,000 |
9.30% |
BRENTWOOD |
82 |
$290,000 |
$317,000 |
-8.50% |
CLAYTON |
9 |
$524,500 |
$543,000 |
-3.40% |
CONCORD |
113 |
$250,000 |
$219,000 |
14.20% |
DANVILLE |
33 |
$800,000 |
$762,500 |
4.90% |
DISCOVERY BAY |
31 |
$290,000 |
$285,000 |
1.80% |
EL CERRITO |
15 |
$595,000 |
$475,000 |
25.30% |
EL SOBRANTE |
16 |
$215,750 |
$271,500 |
-20.50% |
HERCULES |
31 |
$287,000 |
$358,000 |
-19.80% |
LAFAYETTE |
10 |
$902,500 |
$1,250,000 |
-27.80% |
MARTINEZ |
34 |
$310,000 |
$362,500 |
-14.50% |
MORAGA |
10 |
$514,500 |
$558,500 |
-7.90% |
OAKLEY |
49 |
$215,500 |
$216,000 |
-0.20% |
ORINDA |
9 |
$905,000 |
$775,000 |
16.80% |
PINOLE |
7 |
$268,000 |
$315,000 |
-14.90% |
PITTSBURG |
110 |
$194,500 |
$150,000 |
29.70% |
PLEASANT HILL |
20 |
$345,500 |
$417,500 |
-17.20% |
RICHMOND |
106 |
$129,500 |
$113,750 |
13.80% |
RODEO |
2 |
$255,000 |
$292,500 |
-12.80% |
SAN PABLO |
50 |
$183,500 |
$157,000 |
16.90% |
SAN RAMON |
69 |
$660,000 |
$582,000 |
13.40% |
WALNUT CREEK |
52 |
$419,500 |
$475,000 |
-11.70% |
| Source: DataQuick / SF Chronicle |
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