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July 2010 Quarterly Update
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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 June was above the month ago level in May, but below the year ago level. This was due to the fading impact of the federal home buyer tax credits. In a year-over-year basis, the median sale price increased for the ninth consecutive month due to fewer low-cost foreclosures being sold and more higher-end homes being turned over this year. A total of 8,373 new and resale houses and condos closed escrow in the nine-county Bay Area in June. That was up 1.3 percent from 7,264 sales in May, but down 3.1 percent from 8,644 sales in June 2009.
In the East Bay, Alameda County’s median value was $400,000 in June 2010 – a 2.6 percent increase from May and a 19.4 percent increase when compared to June 2009. In Contra Costa County the median home value was $283,500 – a 3.5 percent decrease from May and a 13.4 percent increase when compared to June 2009.
The median price paid for a Bay Area home was $410,000 in June 2010. That was the same for the month of May, and up 16.5 percent from $352,000 for June 2009. However, it was still 38.3 percent below the $665,000 peak in June 2007. June’s total sales tally was 17.9 percent below the June average of 10,198 sales since 1988. It was also the third-lowest number of homes sold for the month of June – behind 2008 and 2007 since June 1995.
Foreclosure resales – homes that had been foreclosed on in the prior 12 months – decreased to 26.7 percent of the Bay Area’s resale market in June. This was the lowest percentage since April 2008 and considerably less than the February 2009 peak of 52 percent. The historical percentage of foreclosure resales in the past 15 years is 7.9 percent.
| All Homes by County |
Number Sold Jun 2010 |
Sales Annual Pct. Change |
Median Jun 2010 |
Median Annual Pct. Change |
Alameda |
1,664 |
-5.10% |
$400,000 |
19.40% |
Contra Costa |
1,729 |
-4.80% |
$283,500 |
13.40% |
Marin |
289 |
6.60% |
$698,000 |
-1.70% |
Napa |
143 |
32.40% |
$367,500 |
3.50% |
San Francisco |
573 |
2.10% |
$663,500 |
18.50% |
San Mateo |
696 |
11.90% |
$600,000 |
4.50% |
Santa Clara |
1,929 |
-7.70% |
$527,500 |
6.10% |
Solano |
763 |
-10.30% |
$210,000 |
13.50% |
Sonoma |
587 |
2.80% |
$322,000 |
7.30% |
Bay Area |
8,373 |
-3.10% |
$410,000 |
16.50% |
| Source:
MDA DataQuick |
EAST BAY HOME SALES
| County/City/Area |
# Sold |
Jun-10 |
Jun-09 |
% Change |
ALAMEDA COUNTY |
1,680 |
$405,000 |
$335,000 |
20.90% |
ALAMEDA |
51 |
$549,000 |
$555,000 |
-1.08% |
ALBANY |
17 |
$560,000 |
$532,500 |
5.16% |
BERKELEY |
74 |
$650,000 |
$557,500 |
16.59% |
CASTRO VALLEY |
70 |
$489,000 |
$425,000 |
15.06% |
DUBLIN |
85 |
$577,500 |
$535,250 |
7.89% |
EMERYVILLE |
42 |
$313,000 |
$250,000 |
25.20% |
FREMONT |
278 |
$488,500 |
$440,000 |
11.02% |
HAYWARD |
193 |
$275,000 |
$233,000 |
18.03% |
LIVERMORE |
156 |
$419,500 |
$405,000 |
3.58% |
NEWARK |
45 |
$395,000 |
$315,000 |
25.40% |
OAKLAND |
359 |
$290,000 |
$200,000 |
45.00% |
PLEASANTON |
118 |
$704,000 |
$580,000 |
21.38% |
SAN LEANDRO |
99 |
$315,000 |
$295,000 |
6.78% |
SAN LORENZO |
16 |
$302,500 |
$300,000 |
0.83% |
UNION CITY |
76 |
$405,000 |
$365,000 |
10.96% |
CONTRA COSTA COUNTY |
1,684 |
$281,000 |
$250,000 |
12.40% |
ALAMO |
17 |
$995,250 |
$1,255,500 |
-20.70% |
ANTIOCH |
179 |
$190,000 |
$190,000 |
0.00% |
BRENTWOOD |
136 |
$312,500 |
$314,000 |
-0.48% |
CLAYTON |
7 |
$655,000 |
$520,000 |
25.96% |
CONCORD |
164 |
$250,000 |
$261,000 |
-4.21% |
DANVILLE |
107 |
$808,000 |
$805,000 |
0.37% |
DISCOVERY BAY |
40 |
$300,000 |
$330,000 |
-9.09% |
EL CERRITO |
22 |
$541,000 |
$512,500 |
5.56% |
EL SOBRANTE |
35 |
$330,000 |
$217,500 |
51.72% |
HERCULES |
41 |
$333,000 |
$280,500 |
18.72% |
LAFAYETTE |
34 |
$946,250 |
$1,025,000 |
-7.68% |
MARTINEZ |
65 |
$325,000 |
$300,500 |
8.15% |
MORAGA |
11 |
$850,000 |
$906,000 |
-6.18% |
OAKLEY |
93 |
$252,000 |
$245,000 |
2.86% |
ORINDA |
17 |
$1,055,000 |
$933,750 |
12.99% |
PINOLE |
30 |
$280,000 |
$264,750 |
5.76% |
PITTSBURG |
190 |
$160,500 |
$140,500 |
14.23% |
PLEASANT HILL |
41 |
$438,000 |
$377,000 |
16.18% |
RICHMOND |
110 |
$155,000 |
$102,000 |
51.96% |
RODEO |
7 |
$200,000 |
205,000 |
-2.44% |
SAN PABLO |
81 |
$174,250 |
$126,500 |
37.75% |
SAN RAMON |
127 |
$610,000 |
$628,500 |
-2.94% |
WALNUT CREEK |
110 |
$428,250 |
$530,000 |
-19.20% |
| Source: SF Chronicle/ MDA DataQuick |
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