Bay Area Real Estate in the News: Foggy With a Chance of Sun
by Alex Wang on Jan 21, 2011 | No Comments »
Photo Credit: James Sugar, National Geographic
DataQuick released their December 2010 monthly report for the Bay Area recently hitting the headlines with “Bay Area Housing Ends Year With Many Looking but Not Buying.” But amongst the headline there were also bits of sun hinting of more to come for Bay Area real estate.
Here’s what John Walsh, DataQuick president, said:
“While the dicey economy and employment concerns are major factors, tight mortgage credit is also a big issue right now, especially for the upper half of the market. There’s a lot of pent-up supply and demand out there, which will start to meet when the lenders re-open their spigots a turn or two,” he said.
| Sales Volume | Median Price | |||||
| All Homes | Dec-09 | Dec-10 | %Chng | Dec-09 | Dec-10 | %Chng |
| Alameda | 1,552 | 1,516 | -2.3% | $360,000 | $347,000 | -3.6% |
| Contra Costa | 1,634 | 1,488 | -8.9% | $287,500 | $265,000 | -7.8% |
| Marin | 265 | 226 | -14.7% | $635,000 | $599,000 | -5.7% |
| Napa | 128 | 134 | 4.7% | $356,000 | $310,000 | -12.9% |
| Santa Clara | 1,915 | 1,646 | -14.0% | $475,000 | $460,000 | -3.2% |
| San Francisco | 499 | 491 | -1.6% | $650,000 | $617,000 | -5.1% |
| San Mateo | 642 | 616 | -4.0% | $586,500 | $560,000 | -4.5% |
| Solano | 698 | 601 | -13.9% | $217,500 | $198,000 | -9.0% |
| Sonoma | 495 | 460 | -7.1% | $330,000 | $310,000 | -6.1% |
| Bay Area | 7,828 | 7,178 | -8.3% | $380,000 | $375,000 | -1.3% |
Data includes single-family homes and condos. Source: MDA DataQuick
Categories: Bay Area Real Estate, Market Updates, santa clara county
