Not All Bay Area Counties Have Set New Home Price Records

Given the rather astonishing rate of home value appreciation in theBay Area over the last couple of years, it seems hard to believe but only five of the nine counties have set new highs for median sales price.

The counties that have set new records include:

  • Alameda County – February’s median price of $786,000 is 10 percent higher than the pre-recession record
  • Marin County – February’s median price of $1,174,500 is 2 percent higher than the June, 2007 record
  • San Francisco County – $1,276,000 in February is a whopping 27 percent higher than the May 2007 record
  • San Mateo County – currently the state’s most expensive housing market, with a February median sales price of $1,352,000, which is up 28 percent from the previous high
  • Santa Clara County – February’s median sales price was $1.1 million, 24 percent above the previous high set in 2007

The following counties have not recorded new highs:

  • Contra Costa County 554,250, the median sales price is still 23 percent shy of its previous high recorded in May 2007
  • Napa County – $660,000 is still 10 percent lower than the pre-recession high
  • Solano County – February’s median sales price of $382,500 is 25 percent below the previous high
  • Sonoma County – $598,640 in February, 8 percent short of the pre-recession peak in January 2006

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