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May 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 April was below average and fell below the year-ago level. This was due to declining sales of lower-cost areas and in the new-home market. Some of April’s sales activity might also have been delayed to May or June as buyers want to take advantage of new state tax credits that became effective in May. In a year-over-year basis, the median sale price increased for the seventh consecutive month due to fewer foreclosures being sold and more higher-end homes being turned over this year. A total of 7,003 new and resale houses and condos closed escrow in the nine-county Bay Area in April. That was up slightly from 6,992 sales in March and down 1.9 percent from 7,139 sales in April 2009.
In the East Bay, Alameda County’s median value was $350,000 in April 2010 – a 2.8 percent decrease from March and a 21 percent increase when compared to April 2009. In Contra Costa County the median home value was $273,000 – a 0.7 percent decrease from March and an 21.3 percent increase when compared to April 2009.
The median price paid for a Bay Area home was $370,000 in April 2010. That was down 2.6 percent from $380,000 for the month of March, and up 21.7 percent from $304,000 for April 2009. April’s total sales tally was 24.5 percent below the April average of 9,278 sales since 1988 and was the second-lowest number of homes sold for the month of April since 1995.
| All Homes by County |
Number Sold Apr 2010 |
Sales Annual Pct. Change |
Median Apr 2010 |
Median Annual Pct. Change |
Alameda |
1,319 |
-9.50% |
$350,000 |
21.00% |
Contra Costa |
1,635 |
-3.80% |
$273,000 |
21.30% |
Marin |
245 |
40.80% |
$659,000 |
12.60% |
Napa |
104 |
5.10% |
$335,000 |
6.30% |
San Francisco |
428 |
6.50% |
$692,000 |
20.70% |
San Mateo |
556 |
25.20% |
$580,000 |
10.20% |
Santa Clara |
1,656 |
3.10% |
$489,000 |
11.50% |
Solano |
591 |
-17.60% |
$202,000 |
12.20% |
Sonoma |
469 |
13.30% |
$318,000 |
9.70% |
Bay Area |
7,003 |
-1.90% |
$370,000 |
21.70% |
| Source:
MDA DataQuick |
EAST BAY HOME SALES
| County/City/Area |
# Sold |
Apr-10 |
Apr-09 |
% Change |
ALAMEDA COUNTY |
1,273 |
$350,000 |
$310,000 |
12.90% |
ALAMEDA |
46 |
$518,000 |
$524,000 |
-1.15% |
ALBANY |
10 |
$515,500 |
$583,000 |
-11.58% |
BERKELEY |
46 |
$662,500 |
$590,000 |
12.29% |
CASTRO VALLEY |
50 |
$417,000 |
$440,000 |
-5.23% |
DUBLIN |
49 |
$460,500 |
$485,000 |
-5.05% |
EMERYVILLE |
21 |
$350,000 |
$357,500 |
-2.15% |
FREMONT |
180 |
$491,000 |
$388,000 |
26.55% |
HAYWARD |
166 |
$267,500 |
$235,000 |
13.83% |
LIVERMORE |
101 |
$414,000 |
$361,500 |
14.52% |
NEWARK |
38 |
$340,000 |
$310,000 |
9.68% |
OAKLAND |
331 |
$200,000 |
$155,000 |
29.03% |
PLEASANTON |
68 |
$676,500 |
$547,500 |
23.56% |
SAN LEANDRO |
74 |
$305,500 |
$290,000 |
5.34% |
SAN LORENZO |
25 |
$306,500 |
$295,000 |
3.90% |
UNION CITY |
68 |
$323,500 |
$338,000 |
-4.29% |
CONTRA COSTA COUNTY |
1,605 |
$273,000 |
$225,000 |
21.33% |
ALAMO |
13 |
$1,100,000 |
$1,008,500 |
9.07% |
ANTIOCH |
203 |
$190,000 |
$171,500 |
10.79% |
BRENTWOOD |
127 |
$310,000 |
$285,000 |
8.77% |
CLAYTON |
19 |
$525,000 |
$545,000 |
-3.67% |
CONCORD |
147 |
$260,000 |
$235,000 |
10.64% |
DANVILLE |
89 |
$800,000 |
$725,000 |
10.34% |
DISCOVERY BAY |
44 |
$292,455 |
$295,000 |
-0.86% |
EL CERRITO |
18 |
$588,500 |
$515,000 |
14.27% |
EL SOBRANTE |
30 |
$281,000 |
$220,750 |
27.29% |
HERCULES |
47 |
$325,000 |
$292,500 |
11.11% |
LAFAYETTE |
29 |
$975,000 |
$725,000 |
34.48% |
MARTINEZ |
54 |
$301,364 |
$337,500 |
-10.71% |
MORAGA |
24 |
$742,000 |
$510,000 |
45.49% |
OAKLEY |
93 |
$220,000 |
$230,000 |
-4.35% |
ORINDA |
16 |
$962,500 |
$880,000 |
9.38% |
PINOLE |
18 |
$264,500 |
$265,000 |
-0.19% |
PITTSBURG |
158 |
$190,000 |
$121,500 |
56.70% |
PLEASANT HILL |
48 |
$387,500 |
$405,000 |
-4.32% |
RICHMOND |
112 |
$157,000 |
$95,000 |
65.26% |
RODEO |
13 |
$260,000 |
259,500 |
0.19% |
SAN PABLO |
73 |
$163,000 |
$150,000 |
8.67% |
SAN RAMON |
99 |
$692,500 |
$631,000 |
9.67% |
WALNUT CREEK |
116 |
$516,000 |
$524,000 |
-1.53% |
| Source: DataQuick / SF Chronicle |
NEXT SECTION: BAY AREA CONSTRUCTION PERMITS
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