Bay Area home sales continue climb…

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. Read more

The Bay Area real estate market…

I haven’t been able to find the time to write in this blog. The market is picking up and buyers are back. Sellers are scared to death and agents are wiping the sweat from their brow. Short sales are everywhere and the bain of our existance. Read more

Bay Area median home price sinks to 8-year low; sales up over ‘07 again

Bay Area home sales decelerated in November but beat the year-ago mark for the third consecutive month. The allure of discounted foreclosures continued to drive sales in affordable inland markets, which helped push the median sale price down to its lowest point since former President Bill Clinton was in the White House.

The median price paid for all new and resale houses and condos combined in the nine-county Bay Area fell to $350,000 last month. That was down 6.7 percent from $375,000 in October and down a record 44.4 percent from $629,000 in November 2007, according to MDA DataQuick, a San Diego-based real estate information service. Read more