Bay Area home sales continue climb…
May 20, 2009 by admin
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Bay Area home sales continue climb!
The number of homes sold in the Bay Area rose for the seventh month in a row according to DataQuick. A total of 6,325 new and resale houses and condos closed escrow in the nine-county Bay Area last month. That was up 25.7 percent from 5,032 in February and up 29.1 percent from 4,898 in March 2008.
The typical monthly mortgage payment that Bay Area buyers committed themselves to paying was $1,245 last month, down from $1,286 the previous month, and down from $2,553 a year ago. Last month’s typical mortgage payment, which assumes 20 percent down and a 30-year fixed-rate mortgage, was the lowest since February 1997 when it was $1,236.
Alameda County
Contra Costa County
Marin County
(Source: DataQuick)
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