Patrick.net

San Francisco sales, prices up sharply

By iwog   Follow   Tue, 3 Jul 2012, 12:30pm   2,320 views   21 comments
In Lafayette CA 94549   Watch (2)   Share   Quote   Permalink   Like   Dislike  

http://www.deadlinenews.com/2012/06/29/san-francisco-bay-area-sales-up-sharply-median-price-at-400000/

DATAQUICK- San Francisco Bay Area home sales held at a six-year high last month as activity rose across the price spectrum, with the $500,000-plus market logging the biggest gains from last year. The trend toward more mid- to high-end deals, coupled with fewer foreclosures re-selling, helped the median sale price rise year-over-year for the second consecutive month, to a 22-month high, a real estate information service reported.

A total of 8,810 new and resale houses and condos sold in the nine-county Bay Area last month. That was up 14.8 percent from 7,675 in April, and up 26.1 percent from 6,988 in May last year, according to San Diego-based DataQuick.

Last month’s sales were the highest for a May since 2006, when 9,935 homes sold. Since 1988, when DataQuick’s statistics begin, May sales have varied from a low of 6,216 in 2008 to a high of 13,567 in 2004. Last month’s sales were 8.8 percent below the average number sold in May since 1988. A year earlier, in May 2011, Bay Area sales were about 28 percent below average.

Viewing Comments 1-21 of 21     Last »     See most liked comments

1. edvard2 Follow Befriend 38 threads 2,300 comments

   1   12:36pm Tue 3 Jul 2012   Share   Quote   Permalink   Like   Dislike (1)   Median at $400,000....

2. FortWayne Follow Befriend (13) 106 threads 3,863 comments

   2   12:53pm Tue 3 Jul 2012   Share   Quote   Permalink   Like (1)   Dislike   From what I hear in the news is that Bay Area is a huge bubble and people should just rent instead of buying.

3. evilmonkeyboy Follow Befriend (1) 2 threads 122 comments San Jose, CA

   3   1:48pm Tue 3 Jul 2012   Share   Quote   Permalink   Like   Dislike (1)   Prices going up in the summer with record low interest rates.... that is breaking news.

4. robertoaribas Follow Befriend (23) 56 threads 4,081 comments Scottsdale, AZ robertoaribas's website

   4   12:07am Wed 4 Jul 2012   Share   Quote   Permalink   Like (2)   Dislike   if you don't like the data, by all means attack the source! I mean, there might possibly be someone reading this thread that doesn't already know what an ignorant schmuck you are! [reply to post now deleted, that was just a personal attack on OP]

5. TMAC54 Follow Befriend (9) 70 threads 930 comments San Leandro, CA

   5   10:31pm Wed 4 Jul 2012   Share   Quote   Permalink   Like (1)   Dislike   In Stockton (now bankrupt) Home prices skyrocketed to a median of nearly $400,000 in 2006 from a median of $110,000 in 2000. Here in the Bay area we are warming up for an "after bubble". Does ya wonder how long gubmint will provide Zero interest ? Any body have a take on the percentage of the Bay area population that can afford to buy homes in the Bay Area ? It was 17 % prior to the prick. What will the percentage be prior to the next little prick ?

6. JodyChunder Follow Befriend (3) 21 threads 1,524 comments Victorville, CA Premium

   6   12:04am Thu 5 Jul 2012   Share   Quote   Permalink   Like   Dislike   Stockton don't have the fundaments. San Francisco is goddamn scabby but she has all the brains and talent and beauty. Victorville is teh future tho. Trust me trust me.

7. lostand confused Follow Befriend (9) 183 threads 1,659 comments Premium

   7   4:08am Thu 5 Jul 2012   Share   Quote   Permalink   Like   Dislike (1)   JodyChunder says Stockton don't have the fundaments. San Francisco is goddamn scabby but she has all the brains and talent and beauty. Victorville is teh future tho. Trust me trust me. Victorville? The meth dealers might agree with that.

8. Mick Russom Follow Befriend (2) 7 threads 542 comments Belmont, CA

   8   9:58am Thu 5 Jul 2012   Share   Quote   Permalink   Like (1)   Dislike   lostand confused says Victorville? The meth dealers might agree with that. Meth heads are the future. The country has some serious fundamental issues, like printing Free Money Matt Lesko style to prop up a bubble. Yet while they manage to keep these assets from going under, only the least damaged local economies survive and only with massive speculation and money laundering with foreign capital, the rest of the country has to face stagflation where salaries remain the same but food, fuel , commuting costs, fees, tuition, commodities and rent all go up far faster than the supposed core inflation and certainly faster than the salaries which are actually dropping. My large fortune 500/global 500 company just froze all travel. yeah, things are great. Go leverage yourself into a hole it will take 40 years to dig out of .

9. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

   9   11:45am Thu 5 Jul 2012   Share   Quote   Permalink   Like (1)   Dislike (1)   JodyChunder says Victorville is teh future tho. Trust me trust me. Very true!

10. JodyChunder Follow Befriend (3) 21 threads 1,524 comments Victorville, CA Premium

    10   2:56pm Thu 5 Jul 2012   Share   Quote   Permalink   Like   Dislike   lostand confused says Victorville? The meth dealers might agree with that. I am sure you wouldn't last a second out here. The methheads and gangbangers keep out all the weak whiny nail buffing crowd so speculation is reserved for the mighty few.

11. lostand confused Follow Befriend (9) 183 threads 1,659 comments Premium

    11   5:16pm Thu 5 Jul 2012   Share   Quote   Permalink   Like   Dislike   JodyChunder says lostand confused says Victorville? The meth dealers might agree with that. I am sure you wouldn't last a second out here. The methheads and gangbangers keep out all the weak whiny nail buffing crowd so speculation is reserved for the mighty few. LOL, I know Victorville and Apple Valley pretty well. You can have it..

12. JodyChunder Follow Befriend (3) 21 threads 1,524 comments Victorville, CA Premium

    12   5:36pm Thu 5 Jul 2012   Share   Quote   Permalink   Like   Dislike   lostand confused says LOL, I know Victorville and Apple Valley pretty well. You can have it.. You lived here??? Did you ever eat at the Tutti Frutti on Bear Valley? I own it. Come in next time you in the high desert and I'll buy you some dessert.

13. Mick Russom Follow Befriend (2) 7 threads 542 comments Belmont, CA

    13   12:36pm Fri 6 Jul 2012   Share   Quote   Permalink   Like   Dislike   JodyChunder says You lived here??? Did you ever eat at the Tutti Frutti on Bear Valley? I own it. Come in next time you in the high desert and I'll buy you some dessert. Man, I like you. Just reading your stuff makes me want to stop by on my way to LA in august.

14. eclipxe Follow Befriend (1) 15 comments San Jose, CA

    14   1:08pm Fri 6 Jul 2012   Share   Quote   Permalink   Like   Dislike   JodyChunder says lostand confused says LOL, I know Victorville and Apple Valley pretty well. You can have it.. You lived here??? Did you ever eat at the Tutti Frutti on Bear Valley? I own it. Come in next time you in the high desert and I'll buy you some dessert. My dad lives out there, I'll send him your way.

15. JodyChunder Follow Befriend (3) 21 threads 1,524 comments Victorville, CA Premium

    15   3:03pm Fri 6 Jul 2012   Share   Quote   Permalink   Like   Dislike   Mick Russom says Man, I like you. Just reading your stuff makes me want to stop by on my way to LA in august. you missed a rollicking 4th! Swing on in and JC will treat you an your people right.

16. JodyChunder Follow Befriend (3) 21 threads 1,524 comments Victorville, CA Premium

    16   3:05pm Fri 6 Jul 2012   Share   Quote   Permalink   Like   Dislike   eclipxe says My dad lives out there, I'll send him your way. Best Seniors Discount in the desert. Let him know I can tint his windows with also a discount.

17. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

    17   4:17pm Fri 6 Jul 2012   Share   Quote   Permalink   Like   Dislike   JodyChunder says you missed a rollicking 4th! Did anyone manage to set the desert brush on fire with the fireworks?

18. JodyChunder Follow Befriend (3) 21 threads 1,524 comments Victorville, CA Premium

    18   4:33pm Fri 6 Jul 2012   Share   Quote   Permalink   Like (1)   Dislike   wthrfrk80 says Did anyone manage to set the desert brush on fire with the fireworks? No sir, but we don't let some parched old pucker bushes spook us into using lazer light shows like some other cities!

19. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

    19   4:39pm Fri 6 Jul 2012   Share   Quote   Permalink   Like   Dislike   But don't lasers light stuff on fire? Why else would Dr. Evil put a giant "laser" up on the moon?

20. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

    20   4:49pm Fri 6 Jul 2012   Share   Quote   Permalink   Like   Dislike (1)   iwog says prices up sharply Bay Area distressed housing sales Last month foreclosure resales – homes that had been foreclosed on in the prior 12 months – accounted for 21.9 percent of the resale market. That was the same as in April and down from 26.5 percent a year ago. The April and May level was the lowest since foreclosure resales were 18.8 percent of all resales in January 2008. Foreclosure resales peaked at 52.0 percent of the Bay Area’s resale market in February 2009. The monthly average since 1995 is about 10 percent

21. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

    21   4:53pm Fri 6 Jul 2012   Share   Quote   Permalink   Like   Dislike (1)   Contra Costa per Dqnews.con pushed the med. up for the overall SFBA counties.. but not much on individual counties.. some are still heading down.. like San Mateo. down 2%, Contra Costa 1,483 1,651 11.3% $255,000 $295,000 15.7% http://www.dqnews.com/Articles/2012/News/California/Bay-Area/RRBay120614.aspx