It’s a typical spring here in the San Francisco Bay Area. Some days are cool with a little extra moisture in the air and others are warm, sunny or even just plain hot. The residential real estate market is following that trend on a county-by-county basis. DataQuick Information Systems (www.DQNews.com) reports the Bay Area median home price continues its upward trend reaching $610,000 in April 2014. This figure is nearly 20% higher than at the same time in 2013. A number of counties, however, have seen month-over-month drops including Marin, Napa, San Francisco, San Mateo and Sonoma. There are problems in the North Bay as Napa and Sonoma Counties have seen prices flatten over the last six months and drop from the March median figures, as noted. Two new monthly tables are included on the SF Bay Area Housing Trends page (above). They include the Bay Area trendline and a separate exhibit shows trends for each county. There is a significant divergence between the Bay-Area-wide trend and counties like Sonoma, Napa and Solano where lines have flattened or begun to tilt down. Enjoy the beautiful spring. It will be interesting to see what summer brings.
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