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August 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 July 2010 was below the month ago level in June and also below the year ago level. This was due to the end of the federal home buyer tax credits and the weak economic recovery. In a year-over-year basis, the median sale price increased for the tenth consecutive month due to fewer low-cost foreclosures being sold and more higher-end homes being turned over this year. A total of 6,773 new and resale houses and condos closed escrow in the nine-county Bay Area in July. That was down 19.1 percent from 8,373 sales in June, and down 22.8 percent from 8,771 sales in July 2009.
In the East Bay, Alameda County’s median value was $381,000 in July 2010 – a 4.8 percent decrease from June and a 12.1 percent increase when compared to July 2009. In Contra Costa County the median home value was $295,000 – a 4.1 percent increase from June and a 13.0 percent increase when compared to July 2009.
The median price paid for a Bay Area home was $402,000 in July 2010. That was a 2.0 percent decrease from June, and up 1.8 percent from $395,000 for July 2009. However, it was still 39.5 percent below the $665,000 peak in June 2007. July’s total sales tally was 28.8 percent below the July average of 9,515 sales since 1988. It was also the largest month-over-month drop since 2006, when sales dropped 21.7 percent between June and July.
Foreclosure resales – homes that had been foreclosed on in the prior 12 months – increased slightly from June to 26.1 percent of the Bay Area’s resale market in July. This was down from the 33.6 percent in July 2009 and considerably less than the February 2009 peak of 52 percent. The historical percentage of foreclosure resales in the past 15 years is 8.0 percent.
| All Homes by County |
Number Sold July 2010 |
Sales Annual Pct. Change |
Median July 2010 |
Median Annual Pct. Change |
Alameda |
1,369 |
-23.10% |
$381,000 |
12.10% |
Contra Costa |
1,454 |
-23.00% |
$295,000 |
13.00% |
Marin |
224 |
-15.50% |
$715,000 |
10.00% |
Napa |
116 |
-13.40% |
$365,000 |
6.60% |
San Francisco |
452 |
-16.80% |
$676,500 |
5.30% |
San Mateo |
554 |
-19.90% |
$605,000 |
5.30% |
Santa Clara |
1,595 |
-27.50% |
$534,000 |
9.00% |
Solano |
562 |
-21.40% |
$209,000 |
4.50% |
Sonoma |
447 |
-19.50% |
$330,000 |
0.60% |
Bay Area |
6,773 |
-22.80% |
$402,000 |
1.80% |
| Source:
MDA DataQuick |
EAST BAY HOME SALES
| County/City/Area |
# Sold |
Jul-10 |
Jul-09 |
% Change |
ALAMEDA COUNTY |
1,068 |
$370,000 |
$343,000 |
7.87% |
ALAMEDA |
27 |
$515,000 |
$569,000 |
-9.49% |
ALBANY |
10 |
$570,000 |
$556,500 |
2.43% |
BERKELEY |
52 |
$585,000 |
$620,000 |
-5.65% |
CASTRO VALLEY |
48 |
$395,000 |
$442,000 |
-10.63% |
DUBLIN |
44 |
$600,000 |
$427,500 |
40.35% |
EMERYVILLE |
27 |
$326,000 |
$290,000 |
12.41% |
FREMONT |
157 |
$523,000 |
$440,000 |
18.86% |
HAYWARD |
128 |
$255,000 |
$253,000 |
0.79% |
LIVERMORE |
78 |
$403,750 |
$420,000 |
-3.87% |
NEWARK |
33 |
$435,000 |
$332,500 |
30.83% |
OAKLAND |
284 |
$260,000 |
$182,500 |
42.47% |
PLEASANTON |
64 |
$664,500 |
$637,250 |
4.28% |
SAN LEANDRO |
61 |
$307,000 |
$313,000 |
-1.92% |
SAN LORENZO |
14 |
$285,000 |
$302,500 |
-5.79% |
UNION CITY |
41 |
$441,000 |
$370,000 |
19.19% |
CONTRA COSTA COUNTY |
1,418 |
$290,500 |
$260,000 |
11.73% |
ALAMO |
29 |
$1,060,000 |
$1,200,000 |
-11.67% |
ANTIOCH |
174 |
$205,000 |
$196,000 |
4.59% |
BRENTWOOD |
N/A |
N/A |
N/A |
N/A |
CLAYTON |
11 |
$525,000 |
$593,000 |
-11.47% |
CONCORD |
131 |
$290,000 |
$245,000 |
18.37% |
DANVILLE |
83 |
$830,000 |
$833,500 |
-0.42% |
DISCOVERY BAY |
30 |
$292,500 |
$271,000 |
7.93% |
EL CERRITO |
17 |
$518,000 |
$560,000 |
-7.50% |
EL SOBRANTE |
25 |
$225,000 |
$250,000 |
-10.00% |
HERCULES |
32 |
$314,500 |
$314,500 |
0.00% |
LAFAYETTE |
28 |
$897,000 |
$811,500 |
10.54% |
MARTINEZ |
52 |
$295,000 |
$328,000 |
-10.06% |
MORAGA |
20 |
$719,250 |
$800,000 |
-10.09% |
OAKLEY |
71 |
$228,000 |
$228,750 |
-0.33% |
ORINDA |
22 |
$912,250 |
$888,000 |
2.73% |
PINOLE |
12 |
$293,250 |
$260,000 |
12.79% |
PITTSBURG |
120 |
$180,000 |
$149,000 |
20.81% |
PLEASANT HILL |
25 |
$500,000 |
$450,000 |
11.11% |
RICHMOND |
101 |
$135,000 |
$129,000 |
4.65% |
RODEO |
12 |
$257,500 |
$230,000 |
11.96% |
SAN PABLO |
67 |
$160,000 |
$148,000 |
8.11% |
SAN RAMON |
124 |
$657,750 |
$630,000 |
4.40% |
WALNUT CREEK |
119 |
$480,000 |
$485,000 |
-1.03% |
| Source: SF Chronicle/ MDA DataQuick |
NEXT SECTION: BAY AREA CONSTRUCTION PERMITS
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