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California Bay Area home sales hit 5-year high

The median price for new and existing houses and condominiums in the San Francisco Bay Area hit $519,000, up 29.8 percent from $400,000 the same period last year to mark the 12th straight month of.

California home sales started off 2019 with a whimper, 6% lower year-to-date as of May. This continues a consistent decline in year-over-year sales volume that began in mid-2018. Sales volume ended 2018 4.3% below 2017, amounting to 19,900 fewer sales. In contrast, 2017 home sales volume ended the year with just 3,800 more sales than in 2016.

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Zillow helps you find the newest Bay Area real estate listings. By analyzing information on thousands of single family homes for sale in Bay Area, California and across the United States, we calculate home values (Zestimates) and the Zillow Home Value Price Index for bay area proper, its neighborhoods and surrounding areas.

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People also forget that the stock market is on a six-year tear and California, especially the Bay Area has a deep connection between the two.. You notice how prices didn’t take a massive hit like the LA/OC area.. existing and new home sales data as the price has trended towards full.

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Bay Area home sales fall to 20-year-low HOME SALES SWOON: In Bay Area, numbers hit 20-year low with little prospect of quick change – nearly 20% of sales were foreclosures. median household.

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Last month, California’s Bay Area home sales were the slowest for a December in six years – the result of a constrained supply of homes for sale, according to a report by DataQuick. Prices continued to rise on a year-over-year basis, although at a slower pace than earlier in 2013, DataQuick reports.

The region racked up the most home sales in July for any month in almost seven years, reaching pre-recession highs. And the luxury market around the Bay was particularly strong with double-digit year-over-year sales increases – as high as 76% in the East Bay.

The San Francisco Bay area, Sacramento and Central Valley areas, Central Coast and Southern California posted year-over-year sales declines ranging from. In nominal terms the median hit an all-time.