August 21, 2009
The Market Wrap-Up For July
Let’s take at look at some July numbers for single-family houses and condos that sold in the Bay Area and see how they compare to a year ago.
San Francisco
- 454 homes sold in July
- The median sales price was $642,426, down from $770,000 in July 2008
San Mateo County
- 581 homes sold in July
- The median sales price was $575,000, down from $701,000 in July 2008
Santa Clara County
- 2,028 homes sold in July
- The median sales price was $487,000, down from $615,000 in July 2008
Alameda County
- 1,699 homes sold in July
- The median sales price was $340,000, down from $445,000 in July 2008
Contra Costa County
- 1,816 homes sold in July
- The median sales price was $260,000, down from $350,000 in July 2008
Marin County
- 241 homes sold in July
- The median sales price was $650,000, down from $777,500 in July 2008
We got these numbers from DQNews.
Dig Deeper Into the Trends
These numbers are for county-level trends in the Bay Area. To see what’s happening in your neighborhood, check out our stats & trends pages.
This is our first monthly report on the inventory trends in the Bay Area. What numbers would you like to see in our August wrap-up?
Linda said:
Some realtors are holding off properties by posting them with PENDING or just holding them off and offering to relative and friends, I know our office is doing that. It’s unethical and everyone seem to think it’s okay
August 22, 2009 1:25 AM
Rob Moffatt said:
Are those forclosures you are talking about? If the agent is representing a private owner, I would think it’s very difficult to sell the home to a reletive or friend without the owner knowing it was never marketed. I’ve never heard of that happening at my company, Pacific Union. If somehow the property got an offer so quickly, most owners think they can get a higher price by letting lots of buyer seeing it through open houses, print, and online marketing.
August 25, 2009 1:03 AM
Kim said:
Linda,
You should call the bank.
August 25, 2009 6:13 PM