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Bay Area real estate sales: 1st half 2008

July 29th, 2008 10:00 PM

Bay Area mid-year stats – any gold left in them thar hills?

How has the real estate market across the bay area of the golden State of California been holding up?

Only 2 counties’ median price tags have lost less than 10%: San Francisco at –3% and Marin County at –2%. And, only 1 county’s sales volume reflects a drop of less than 10%: San Francisco at –7%. The largest median price drops belong to Contra Cost County at –30% and Solano County at –25%.

June 2008 Year To Date Comparison:

County	June 07 YTD	June 08 YTD	% Change	June 07 Prices	June 08 Prices	% Change

Total Bay Area	44,281	32,177	-27%	$649,000	$527,000	-19%

Alameda	9,197	6,371	-31%	$587,125	$480,750	-18%
Contra Costa	7,786	6,392	-18%	$582,500	$407,750	-30%
Marin	1,734	1,106	-36%	$840,000	$822,500	-2%
Napa	664	491	-26%	$583,500	$487,000	-17%
Santa Clara	11,663	7,491	-36%	$690,750	$620,250	-10%
San Francisco	3,234	3,001	-7%	$773,750	$747,000	-3%
San Mateo	4,022	2,725	-32%	$775,000	$682,500	-12%
Solano	2,822	2,286	-19%	$432,500	$324,750	-25%
Sonoma	3,159	2,314	-27%	$649,000	$527,000	-19%

To create this chart, I’ve combined six months of sales volume for all residential units as reported on a monthly basis and I’ve generated the median of the median sales prices to generate a “median-median” sales price. (monthly data source: DataQuick and ORTC).

If you would like more information regarding the Marin real estate market, please feel free to contact me or any of our agents at Tam Realty!

--
Mitch Todd/Realtor
founder, GreenerMarin
owner, Tam Realty
415-259-7082
415-962-4062 (FAX)

Posted by Mitch Todd on July 29th, 2008 10:00 PMPost a Comment (0)