East Bay Home Sales July 2013

East Bay Real Estate Trends & Stats

According to DataQuick, the number of homes sold in the Bay Area jumped last month to the highest level for a July since 2005 and the highest level for any month in almost seven years. Amid favorable market conditions, the burst of activity reflects pent-up demand meeting an increasing supply of homes for sale.

Distressed properties continue to decline as does their impact on home values in most East Bay neighborhoods. Last month distressed property sales – the combination of foreclosure resales and “short sales” – made up about 14.8 percent of the resale market. That was down from about 17.0 percent in June and down from about 38.9 percent a year ago.

  Sales Volume Median Price
  Jul-12 Jul-13 % Chng Jul-12 Jul-13 % Chng
Alameda 1717 1872 9.0% $385,000 $520,000 35.1%
Contra Costa 1718 1799 4.7% $308,000 $440,000 42.9%
Bay Area 8241 9339 13.3% $421,000 $562,000 33.5%

Source: DataQuick, www.DQNews.com

 Home sales improved in July in most markets over 2012 levels, but shortage of inventory continues to keep market activity well below norms. Higher priced homes are seeing more gains than lower priced homes as a result of dwindling supplies of foreclosures.

Read – Tale of Two Markets – a look at current split in California real estate market.

Email Craig if you would like to know more about buying or selling a home or condo in Danville, Alamo or San Ramon CA (925) 984-4910

Search the MLS Homes for Sale

Search for Foreclosures

We're sorry, but there’s nothing to display here; MLS data service is not activated for this account.

This entry was posted in Real Estate and tagged , , , , . Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.

Post a Comment

Your email is never published nor shared.

You may use these HTML tags and attributes <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

  • Featured News

    Featured News

  • Read Our Reviews on Yelp

    • Photo of Mike M.
      03/01/2011

      I've seen behind the curtain (so to speak) and as a person who might know a thing about tech I can honestly HIGHLY recommend the Harper Team based on their... Read More »

    • Photo of Terri P.
      06/16/2010

      My husband and have purchased 15 properties between us. In all the years of buying/selling real estate, the Harper Team is the cream of the crop of real... Read More »

    Powered by Yelp
  • Follow Our Progress

    • Danville Real Estate News
    • San Ramon Real Estate News
    • Read Our 5 Star Reviews on YelpFollow Us on Yelp
  • Archives