Bay Area Market Stats
New data released today by CoreLogic® shows a total of 7,247 new and existing houses and condominiums were sold in Alameda, Contra Costa, Marin, Napa, Santa Clara, San Francisco, San Mateo, Solano and Sonoma counties in August 2019. This number is down 2.3% month over month from 7,416 sales in July 2019,* and down 5.7% year over year from 7,682 sales in August 2018.
Total home sales in the San Francisco Bay Area in August 2019 were the lowest for that month since August 2010, when 6,698 homes sold. For the past 13 consecutive months, sales have fallen on a year-over-year basis.
The median price paid for all homes sold in the San Francisco Bay Area in August 2019 was $810,000, down 0.7% from $816,000 in July 2019 and down 2.4% from $830,000 in August 2018. This is the fourth consecutive month in which the regional median sale price has fallen on a year-over-year basis, beginning with a 1.9% year-over-year decline this May, followed by a 2% dip in June and a 4% drop in July.
Year-Over-Year Change
Total Homes Sold/Median Price for Select San Francisco Bay Area Counties (Reflects total home sales)
|
County |
Homes Sold August 2018 |
Homes Sold August 2019 |
Percent Change |
Median Sale Price August 2018 |
Median Sale Price August 2019 |
Percent Change |
|
Alameda |
1,635 |
1,527 |
–6.6% |
$850,000 |
$825,000 |
–2.9% |
|
Contra Costa |
1,541 |
1,529 |
–0.8% |
$614,500 |
$630,000 |
2.5% |
|
Marin |
305 |
310 |
1.6% |
$1,000,000 |
$1,007,000 |
0.7% |
|
Napa |
150 |
122 |
–18.7% |
$660,000 |
$635,000 |
–3.8% |
|
Santa Clara |
1,697 |
1,519 |
–10.5% |
$1,112,500 |
$1,023,000 |
–8.0% |
|
San Francisco |
466 |
424 |
–9.0% |
$1,312,500 |
$1,350,000 |
2.9% |
|
San Mateo |
602 |
549 |
–8.8% |
$1,300,000 |
$1,286,500 |
–1.0% |
|
Solano |
619 |
671 |
8.4% |
$430,000 |
$440,000 |
2.3% |
|
Sonoma |
667 |
596 |
–10.6% |
$610,000 |
$615,000 |
0.8% |
|
Bay Area Total |
7,682 |
7,247 |
–5.7% |
$830,000 |
$810,000 |
–2.4% |
|
Source: CoreLogic |
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