Home Prices Soar 28% in Alameda County – Highest in Bay Area
Bay Area home prices saw their biggest jump in Alameda County last year, according to real estate tracking firm DataQuick. Prices rose in all nine counties, and sales volume fell in eight.
Prices from December of 2012 to December 2013 rose in all nine counties, at a Bay Area average increase of 23.9 percent, DataQuick said a report issued Wednesday. The smallest increase came in San Francisco with 12.9 percent.
The median sales price in December in Alameda County was $525,000, up from $410,000 the previous December. The Bay Area median last month was $548,000, lead by Marin at $750,000 with Solano being the most affordable at $272,000.
At the same, the sales volume fell in eight counties, with only San Mateo seeing a boost – of 18 percent – in the number of homes sold, the firm reported.
Alameda County had the lowest drop in volume among the eight other counties with a reduction of 4 percent. The biggest drop in volume was 24.4 percent in Marin.
Most of the increase in prices came in the first half of the year, DataQuick said.
December saw a marked slowdown in sales – the slowest in six years – with 6,714 sales of new and resold homes and condos in the Bay Area, down 12.7 percent from the previous December, DataQuick said.
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