California Association Of Realtors Monthly Data For The San Francisco Bay Area

November 2019 Existing Home Sales Report
Existing Home Sale Report for the Month of November
December 23, 2019

When it comes to the median sold prices of existing single-family homes, San Francisco Bay Area has had a mixed December, reveals the California Association of Realtors’ (CAR) housing market statistics.  While Contra Costa, Marin, and Napa have closed in the green, all the remaining Counties (Alameda, San Francisco, San Mateo, Santa Clara, Solano, and Sonoma) have fared poorly. Napa has been the top gainer in December and San Francisco the greatest loser.

Counties showing gains in December

Prices in Contra Costa have shot up by 3.9%- from $640,000 in November ‘19’ to $665,000 in December ‘19’. Its year-over-year figure has also come up by 8.6%, reveals the CAR stat.

Marin has come up from November’s $1,270,000 to $1,300,000 in December. This is 2.4%% uptick. For the record, Marin is 2.3% year-over-year gainer.

According to the CAR data available to us, Napa exhibits a 14.3% improvement (top gainer in December); the corresponding figures for November and December being $669,000 and $765,000 respectively. Napa’s year-over-year hike is 5.5%

 

S. F. Bay Area Dec-19 Nov-19 Dec-18 Price MTM% Chg Price YTY% Chg
Alameda $881,500 $910,000 $850,000 -3.1% 3.7%
Contra Costa $665,000 $640,000 $612,500 3.9% 8.6%
Marin $1,300,000 $1,270,000 $1,270,500 2.4% 2.3%
Napa $765,000 $669,000 $725,000 14.3% 5.5%
San Francisco $1,450,000 $1,619,000 $1,500,000 -10.4 -3.3
San Mateo $1,475,000 $1,595,000

 

$1,483,000 -7.5% -0.5%
Santa Clara $1,225,000 $1,259,000 $1,150,000 -2.7% 6.5%
Solano $455,500 $462,980 $425,000 -1.6% 7.2%
Sonoma $647,500 $650,000 $639,000 -0.4% 1.3%

 

Counties in the red

Talking of counties that have traded in the red, Alameda’s median sold price for existing single-family homes stands at $881,500 in December. This is a downtick of 3.1% from November’s $910,000. Year-over-year, Alameda’s prospects have improved by 3.7%.

San Francisco’s $1,450,000 looks formidable but it is below $1,619,000 that the county had posted in November- a 10.4% decline, making San Francisco the worst sufferer in December. Interestingly, San Francisco’s year-over-year scorecard shows a drop of 3.3% (its Dec ‘18’ figure was 1,500,000).

San Mateo is down from November’s $1,595,000 to December’s $1,475,000. This corresponds to a 7.5% fall. Year-over-Year, San Mateo’s fortunes have suffered by 0.5%.

Santa Clara’s 7-digit median sold price for existing single-family homes stands at $1,225,000 for December. This is a 2.7% fall from November’s $1,259,000 and a 6.5% uptick from the figure posted in December ‘18’.

Solano has sustained a 1.6% drop in its median sold price value for existing single-family homes, says the CAR data ($462,980 to $455,500). In terms of year-over-year, it stands 7.2% in the green.

Sonoma has sustained a 0.4% fall, posting $647,500 in December compared to November’s $650,000. December’s number is a good 6.1% above the Dec ‘18’ figure of $612,500.

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