Bay Area home prices rise to highest level in almost four years
Sparked by a switch in the mix of the homes changing hands, the Bay Area’s median housing price for June jumped to its highest level in nearly four years.
Sparked by a switch in the mix of the homes changing hands, the Bay Area’s median housing price for June jumped to its highest level in nearly four years.
Sonoma County’s housing market in June recorded its biggest sales month in nearly seven years. Buyers purchased 533 single-family homes last month, according to The Press Democrat’s monthly housing report compiled by Pacific Union International Vice President Rick Laws.
Sonoma County home sales accelerated in May, but it didn’t translate into a higher median sales price. Buyers purchased 495 single-family homes last month, according to The Press Democrat’s monthly housing report compiled by Pacific Union International Vice President Rick Laws. That was up 12 percent from April and up [...]
The Bay Area’s housing market had its strongest April sales in six years and the median price rose on a year-over-year basis for the first time in 19 months.
Strong sales and shrinking inventory have bumped Sonoma County home prices to their highest level in nearly a year and prompted multiple offers on available properties.
The number of Sonoma County homeowners entering the formal foreclosure process has dropped to its lowest level in nearly five years. DataQuick, A San Diego-based real estate information service, reports that 698 homeowners received notices of default in the first quarter of the year. That is down 19 percent from a year earlier and amounts to the lowest total for any quarter since 462 notices were filed in the second quarter of 2007.
Bay Area home sales in March reached their highest level in five years, which analysts attributed to lower prices, low interest rates and an improving economy.
Sonoma County started 2012 with the largest number of home sales in seven years, though strong demand isn’t yet translating into higher median prices. The county recorded 1,146 single-family home sales in the first quarter, according to The Press Democrat’s monthly housing report compiled by Pacific Union International Vice President Rick Laws. That includes 458 sold in March.