San Francisco Bay area home prices rise sharply

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 1/16/2013 2:17 pm

SAN DIEGO (AP) — A research firm says San Francisco Bay area home prices rose last month at the fastest clip in more than 20 years.

DataQuick said Wednesday that the December median sales price in the nine-county region was $442,750, up 32 percent from the same period of 2011. It was the highest level since August 2008 and the highest annual increase since the research firm began keeping track in 1988.

There were more than 7,800 homes sold during the month, up 5 percent from a year earlier. It marked the Bay area's 18th straight annual sales increase.

DataQuick says half of the price increase is the result of changes in the sales mix. Foreclosed homes, which tend to sell at deep discounts, are drying up.

 

©2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!
NEWSCASTS ON DEMAND

What's On

All content © Copyright 2014 Intermountain West Communications Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.