Here are some interesting statistics from DataQuick Information Systems for Napa County and Bay Area real estate sales I read in an article in the Napa Register “Bay Area housing market in neutral; investors, cash buyers active“:
- Napa County medium price rose 1.3% from February 2010 to $324,000
- Only 243 new houses sold in the entire Bay Area, lowest ever in DataQuick’s records
- Foreclosures on homes sales for 32.6% for the Bay Area
- Short Sales homes accounted for 20.3% for the Bay Area
- Investor homes sales were 23.4% for the Bay Area
- Cash buyers bought 30.9% of all home sold in the Bay Area
- Bay Area medium price was $337,250 which peaked at $665,000 in June/July 2007
- Bay Area typical monthly mortgage payment was $1,440
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