Buyers and Sellers
Bay Area homes continued to sell at their slowest pace in 12 years last month, led by sharp declines in many lower-cost neighborhoods. At the same time, sales tended to fare much better in higher-priced areas, which helped push the region's overall median sale price to a new peak, a real estate information service reported. "Obviously there's still a bit of a standoff between buyers and sellers. It looks like unsuccessful sellers would rather take the home off the market than bring the price down, which is remarkable after almost two-and-a-half years of sales declines. Mainly, the price adjustments we're seeing are in more affordable outlying parts of the Bay Area, and those adjustments aren't all that significant except for Solano County," said Marshall Prentice, DataQuick president. The median declined in Solano, Sonoma and Napa, the three most affordable Bay Area counties, while it increased in Marin, San Francisco and San Mateo counties, the three most expensive.
| All Homes | No Sold
Jun-06 | No Sold
Jun-07 | Pct.
Chg | Median
Jun-06 | Median
Jun-07 | Pct.
Chg |
| Alameda | 2,198 | 1,536 | -30.1% | $600,000 | $605,000 | 0.8% |
| Contra Costa | 2,102 | 1,413 | -32.8% | $599,000 | $597,000 | -0.3% |
| Marin | 453 | 350 | -22.7% | $830,000 | $961,250 | 15.8% |
| Napa | 195 | 128 | -34.4% | $680,500 | $577,000 | -15.2% |
| Santa Clara | 2,763 | 2,163 | -21.7% | $681,000 | $699,000 | 2.6% |
| San Francisco | 705 | 633 | -10.2% | $790,000 | $825,000 | 4.4% |
| San Mateo | 906 | 755 | -16.7% | $770,000 | $795,000 | 3.2% |
| Solano | 773 | 453 | -41.4% | $475,000 | $419,500 | -11.7% |
| Sonoma | 735 | 533 | -27.5% | $580,000 | $532,500 | -8.2% |
| Bay Area | 10,830 | 7,964 | -26.5% | $648,000 | $665,000 | 2.6% |
Source: DataQuick Information Systems
Find what's selling in your neighborhood at http://www.officialsonomacountyhomes.com/
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