Fewer Bay Area homeowners listed homes for sale in June than last the same month last year. 

Blanca Torres
Reporter- San Francisco Business Times

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Housing inventory was down by more than 30 percent during the past year in the Bay Area, according to real estate website Zillow.

When comparing June of 2013 to June of 2012 in its database of listings, Zillow found there were fewer homes on the market in the San Francisco metro area, but nationwide, the number rose by 5.3 percent.

Zillow listed 4,528 total homes for sale in June of this year, down from 6,496 last year, in the San Francisco metropolitan area including San Francisco, Alameda, Marin, Contra Costa, and San Mateo counties.

In our market, having fewer homes for sale has pumped up prices and sparked bidding wars.

“Inventory will likely remain below year-ago levels for a while yet, as builders ramp up capacity and sellers wait to squeeze every drop of equity from their home before listing,” said Stan Humphries, Zillow’s chief economist.

Experts expect that with prices climbing up, more homeowners will list their properties for sale and prices will stabilize.

“Going forward, as this new supply makes its way to market, we expect the pace of home value appreciation to slow down from unsustainably high annual levels of 5 percent or above to more moderate levels closer to historic norms of 3 percent or 4 percent,” Humphries said.

Blanca Torres covers East Bay real estate for the San Francisco Business Times.

Article source: http://www.bizjournals.com/sanfrancisco/blog/real-estate/2013/06/bay-area-housing-inventory-drops-by-30.html

The median price for a home in the Bay Area rose to $429,000 in September, the highest in more than four years, according to DataQuick. Let’s take a look at the median prices in San Francisco, Alameda and San Mateo counties, and what those prices can buy:

The Alameda county median is $379,000, up 8.9 percent from September 2011. Here’s a house listed at that price, at 3441 Oak Knoll Blvd in Oakland:

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In San Francisco, the median is $745,000, up 21 percent from September 2011. This California Craftsman in Westwood Park (near City College) is pending sale, and was listed just above the median at $749,000. (Of course, that doesn’t mean it sold for that — the price paid won’t be public until the sale closes.)

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The San Mateo county median is $620,000, up 12.5 percent from September 2011. Here’s a house in Pacifica that’s listed for that price:

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Carrie Kirby is a freelance writer who recently returned to the Bay Area after living for six years in Chicago. Carrie is more heavily invested in real estate than she ever expected to be, since she and her husband are now long-distance landlords of their Chicago home, and have also purchased a house in Alameda. She posts about interesting properties and real estate trends in San Francisco and Silicon Valley every Tuesday. Carrie also shares money-saving tips on her blog, Frugalistic Mom.

Article source: http://blog.sfgate.com/ontheblock/2012/10/30/what-the-new-higher-bay-area-medians-can-buy/

Bay Area home sales are continuing to rise, with the median sale price the highest it has been in nearly four years, according to a real estate report released Friday.

In the nine-county Bay Area, 8,461 homes were sold last month — a 22.9 percent increase from the same time last year, according to a report by the real estate information service DataQuick.

The average figure for July, based on data recorded since 1988, is 9,371 home sales.

The median price for a new home or condo was $421,000, which is a 1% increase from $417,000 in June and a 12.6% jump from July 2011.

July’s median price was the highest recorded since it was $447,000 in August 2008.

The increase appears to be connected to a higher share of sales in the mid-to-upper price ranges, according to DataQuick.

Median sale prices in San Francisco, Alameda, Contra Costa, Santa Clara, Solano, Marin, Napa, San Mateo and Sonoma counties all increased in the past year with Napa County seeing the biggest price increase at a 32.6% jump.

Median prices in that county were at $281,000 in July 2011 and reached $372,500 this July, according to DataQuick.

The highest home prices in the region this summer are in San Francisco with $714,000 listed as the median cost, while the lowest can be found in Solano County at $188,000.

Sasha Lekach, Bay City News

— Bay City News Service

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Article source: http://www.pleasantonweekly.com/news/show_story.php?id=9901

In the nine-county Bay Area, 8,461 homes were sold last month — a 22.9 percent increase from the same time last year, according to a report released Wednesday by the real estate information service DataQuick.

The average figure for July, based on data recorded since 1988, is 9,371 home sales.

The median price for a new home or condo was $421,000, which is a 1 percent increase from $417,000 in June and a 12.6 percent jump from July 2011.

July’s median price was the highest recorded since it was $447,000 in August 2008.

The increase appears to be connected to a higher share of sales in the mid-to-upper price ranges, according to DataQuick.

Median sale prices in San Francisco, Alameda, Contra Costa, Santa Clara, Solano, Marin, Napa, San Mateo and Sonoma counties all increased in the past year with Napa County seeing the biggest price increase at a 32.6 percent jump.

Median prices in that county were at $281,000 in July 2011 and reached $372,500 this July, according to DataQuick.

The highest home prices in the region this summer are in San Francisco with $714,000 listed as the median cost, while the lowest can be found in Solano County at $188,000.

—By Bay City News Service

Article source: http://losgatos.patch.com/articles/bay-area-real-estate-prices-highest-in-nearly-4-years

Bay Area home sales are continuing to rise, with the median sale price the highest it has been in nearly four years, according to a real estate report released Wednesday, Aug. 15.

In the nine-county Bay Area, 8,461 homes were sold last month — a 22.9 percent increase from the same time last year, according to a report by the real estate information service DataQuick.

The average figure for July, based on data recorded since 1988, is 9,371 home sales. The median price for a new home or condo was $421,000, which is a 1 percent increase from $417,000 in June and a 12.6 percent jump from July 2011. July’s median price was the highest recorded since it was $447,000 in August 2008.

The increase appears to be connected to a higher share of sales in the mid-to-upper price ranges, according to DataQuick. Median sale prices in Santa Clara, San Mateo, San Francisco, Alameda, Contra Costa, Solano, Marin, Napa and Sonoma counties all increased in the past year, with Napa County seeing the biggest price increase at a 32.6 percent jump. Median prices in that county were at $281,000 in July 2011 and reached $372,500 this July, according to DataQuick.

The highest home prices in the region this summer are in San Francisco with $714,000 listed as the median cost, while the lowest can be found in Solano County at $188,000.

— Bay City News Service

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Article source: http://mv-voice.com/news/show_story.php?id=5969

In the nine-county Bay Area, 8,461 homes were sold last month — a 22.9 percent increase from the same time last year, according to a report by the real estate information service DataQuick.

The average figure for July, based on data recorded since 1988, is 9,371 home sales.

The median price for a new home or condo was $421,000, which was a 1 percent increase from $417,000 in June and a 12.6 percent jump from July 2011.

July’s median price was the highest recorded since it was $447,000 in August 2008.

The increase appears to be connected to a higher share of sales in the mid-to-upper price ranges, according to DataQuick.

Median sale prices in San Francisco, Alameda, Contra Costa, Santa Clara, Solano, Marin, Napa, San Mateo and Sonoma counties all increased in the past year with Napa County seeing the biggest price increase at a 32.6 percent jump.

Median prices in that county were at $281,000 in July 2011 and reached $372,500 this July, according to DataQuick.

The highest home prices in the region this summer were in San Francisco with $714,000 listed as the median cost, while the lowest could be found in Solano County at $188,000.

Article source: http://www.ktvu.com/news/news/local/bay-area-real-estate-prices-highest-nearly-4-years/nRCTy/