What are the Bay Area median house prices?
We at Paragon have updated our Bay Area median house price map to reflect the last six months of sales reported to the Multiple Listing Service. The map, which accompanies this article, covers everything from Healdsburg and Santa Rosa to the north to Atherton and Woodside at points south and even touches on New York City, which, in case you were wondering, boasts a $1.22 million median price for houses, condos and co-ops.
Here are a few local highlights from the map:
· San Francisco (all): $1.1 million
· Pacific Heights: $4.1 million
· Noe Valley: $1.9 million
· Central Sunset: $1 million
· Tiburon: $2.36 million
· Belvedere: $3.5 million
· Sausalito: $1.41 million
· Berkeley: $918,000
· Oakland (all): $520,000
· Piedmont: $1.8 million
· Daly City: $700,000
· Hayward: $431,000
· San Mateo: $1.09 million
· Redwood City: $1.18 million
· Menlo Park: $1.94 million
However, according to DataQuick, Bay Area January home sales were the slowest in seven years. While this is seasonally appropriate, it’s still a statistic that’s worth noting. A total of 4,439 new and resale houses and condos were sold in the Bay Area’s central nine counties in January, down month over month by 40.5 percent from 7,456 sales in December 2014 and also down year over year by 5.5 percent from 4,696 sales in January 2014. This has become a trend – Bay Area sales have averaged a nearly 30 percent (specifically, 28.5 percent drop between the months of December and January since 1988, which is when DataQuick began tracking.
The lowest prior to this January was in 2008, at the time of the recession. The peak for January home sales took place three years earlier with the sale of just under 8,300 homes.
Dreaming of San Francisco? Cece Blase offers local advice to San Francisco buyers, sellers and owners– and feeds the dreams of those who wish they could live in Tony Bennett’s ‘City by the Bay.’ Call 415-577-0809 or email firstname.lastname@example.org. www.ceceblase.com