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June 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 May was above the year-ago level, but still below the May average of number of sales. This was due to increasing sales of mid- to high-end areas, but a decreasing inventory of affordable inland homes. In a year-over-year basis, the median sale price increased for the eighth consecutive month due to fewer low-cost foreclosures being sold and more higher-end homes being turned over this year. A total of 8,264 new and resale houses and condos closed escrow in the nine-county Bay Area in May. That was up 18 percent from 7,003 sales in April and up 11 percent from 7,447 sales in May 2009.
In the East Bay, Alameda County’s median value was $390,000 in May 2010 – an 11.4 percent increase from April and an 18.2 percent increase when compared to May 2009. In Contra Costa County the median home value was $293,750 – a 7.6 percent increase from April and a 25.3 percent increase when compared to May 2009.
The median price paid for a Bay Area home was $410,000 in May 2010. That was up 10.8 percent from $370,000 for the month of April, and up 20.1 percent from $341,500 for May 2009. This was the first time in 21 months that the median price was over $400,000. April’s total sales tally was 16 percent below the May average of 9,842 sales since 1988, but was the second-highest number of homes sold for the month of May since 2006.
Foreclosure resales – homes that had been foreclosed on in the prior 12 months – decreased to 27.3 percent of the Bay Area’s resale market in May. This was the lowest percentage since April 2008 and considerably less than the February 2009 peak of 52 percent.
| All Homes by County |
Number Sold May 2010 |
Sales Annual Pct. Change |
Median May 2010 |
Median Annual Pct. Change |
Alameda |
1,596 |
8.10% |
$390,000 |
18.20% |
Contra Costa |
1,704 |
0.60% |
$293,750 |
25.30% |
Marin |
264 |
20.00% |
$675,500 |
9.00% |
Napa |
127 |
5.00% |
$350,000 |
-5.40% |
San Francisco |
616 |
23.70% |
$636,500 |
0.40% |
San Mateo |
640 |
24.00% |
$605,000 |
10.00% |
Santa Clara |
2,164 |
28.20% |
$525,000 |
18.00% |
Solano |
652 |
-7.60% |
$219,000 |
15.60% |
Sonoma |
501 |
-4.90% |
$335,000 |
10.90% |
Bay Area |
8,264 |
11.00% |
$410,000 |
20.10% |
| Source:
MDA DataQuick |
EAST BAY HOME SALES
| County/City/Area |
# Sold |
May-10 |
May-09 |
% Change |
ALAMEDA COUNTY |
1,645 |
$405,000 |
$334,000 |
21.26% |
ALAMEDA |
58 |
$515,000 |
$532,500 |
-3.29% |
ALBANY |
19 |
$543,000 |
$429,000 |
26.57% |
BERKELEY |
59 |
$680,000 |
$557,500 |
21.97% |
CASTRO VALLEY |
69 |
$405,000 |
$460,000 |
-11.96% |
DUBLIN |
83 |
$462,000 |
$470,000 |
-1.70% |
EMERYVILLE |
41 |
$339,000 |
$275,000 |
23.27% |
FREMONT |
255 |
$525,000 |
$432,500 |
21.39% |
HAYWARD |
188 |
$283,000 |
$240,500 |
17.67% |
LIVERMORE |
145 |
$415,000 |
$363,000 |
14.33% |
NEWARK |
45 |
$335,000 |
$320,000 |
4.69% |
OAKLAND |
376 |
$304,750 |
$176,000 |
73.15% |
PLEASANTON |
96 |
$662,500 |
$635,000 |
4.33% |
SAN LEANDRO |
94 |
$339,000 |
$317,500 |
6.77% |
SAN LORENZO |
32 |
$282,500 |
$313,000 |
-9.74% |
UNION CITY |
85 |
$430,000 |
$382,000 |
12.57% |
CONTRA COSTA COUNTY |
1,670 |
$292,750 |
$234,750 |
24.71% |
ALAMO |
23 |
$1,112,409 |
$894,500 |
24.36% |
ANTIOCH |
220 |
$210,000 |
$171,000 |
22.81% |
BRENTWOOD |
111 |
$275,000 |
$308,000 |
1.85% |
CLAYTON |
18 |
$495,000 |
$502,000 |
-1.39% |
CONCORD |
169 |
$275,000 |
$235,000 |
17.02% |
DANVILLE |
80 |
$850,000 |
$785,500 |
8.21% |
DISCOVERY BAY |
46 |
$295,000 |
$302,500 |
-2.48% |
EL CERRITO |
31 |
$540,000 |
$544,000 |
-0.74% |
EL SOBRANTE |
31 |
$233,000 |
$245,000 |
-4.90% |
HERCULES |
38 |
$315,500 |
$250,000 |
26.20% |
LAFAYETTE |
34 |
$928,500 |
$805,000 |
15.34% |
MARTINEZ |
47 |
$315,000 |
$300,750 |
4.74% |
MORAGA |
20 |
$668,500 |
$680,000 |
-1.69% |
OAKLEY |
99 |
$225,000 |
$200,000 |
12.50% |
ORINDA |
14 |
$882,000 |
$925,000 |
-4.65% |
PINOLE |
19 |
$283,000 |
$260,000 |
8.85% |
PITTSBURG |
141 |
$175,000 |
$132,750 |
31.83% |
PLEASANT HILL |
39 |
$422,000 |
$405,000 |
4.20% |
RICHMOND |
117 |
$170,000 |
$97,000 |
75.26% |
RODEO |
8 |
$279,000 |
250,500 |
11.38% |
SAN PABLO |
56 |
$154,500 |
$146,750 |
5.28% |
SAN RAMON |
146 |
$589,750 |
$618,500 |
-4.65% |
WALNUT CREEK |
150 |
$480,000 |
$470,000 |
2.13% |
| Source: SF Chronicle/ MDA DataQuick |
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