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		<title>Bay Area real estate prices highest in nearly 4 years</title>
		<link>https://homesmillbrae.com/1663/bay-area-real-estate-prices-highest-in-nearly-4-years-3/</link>
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		<pubDate>Sun, 19 Aug 2012 08:04:44 +0000</pubDate>
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				<category><![CDATA[SF Bay Area News]]></category>
		<category><![CDATA[Area Real Estate]]></category>
		<category><![CDATA[Bay Area Real Estate]]></category>
		<category><![CDATA[City News Service]]></category>
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		<category><![CDATA[homes millbrae]]></category>
		<category><![CDATA[Lekach]]></category>
		<category><![CDATA[Lt]]></category>
		<category><![CDATA[Median Price]]></category>
		<category><![CDATA[Median Prices]]></category>
		<category><![CDATA[Median Sale Price]]></category>
		<category><![CDATA[Napa County]]></category>
		<category><![CDATA[Real Estate Information]]></category>
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		<category><![CDATA[Real Estate Prices]]></category>
		<category><![CDATA[San Francisco Alameda]]></category>
		<category><![CDATA[San Mateo]]></category>
		<category><![CDATA[Santa Clara]]></category>
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		<description><![CDATA[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 &#8230; <a href="https://homesmillbrae.com/1663/bay-area-real-estate-prices-highest-in-nearly-4-years-3/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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<p>						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.
<p>
In the nine-county Bay Area, 8,461 homes were sold last month &#8212; a 22.9 percent increase from the same time last year, according to a report by the real estate information service DataQuick.</p>
<p>
The average figure for July, based on data recorded since 1988, is 9,371 home sales.</p>
<p>
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.</p>
<p>
July&#8217;s median price was the highest recorded since it was $447,000 in August 2008.</p>
<p>
The increase appears to be connected to a higher share of sales in the mid-to-upper price ranges, according to DataQuick.</p>
<p>
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. </p>
<p>
Median prices in that county were at $281,000 in July 2011 and reached $372,500 this July, according to DataQuick.</p>
<p>
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.</p>
<p class="story_tag">Sasha Lekach, Bay City News</p>
<p align="right" class="story_tag">— Bay City News Service</p>
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<p>Article source: <a href="http://www.pleasantonweekly.com/news/show_story.php?id=9901">http://www.pleasantonweekly.com/news/show_story.php?id=9901</a></p>]]></content:encoded>
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