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You are here: Home / Bay Area RE / Napa County and San Francisco Bay Area March 2012 home sales continue at brisk pace

Napa County and San Francisco Bay Area March 2012 home sales continue at brisk pace

April 20, 2012 by Curtis Van Carter Leave a Comment

Napa County and San Francisco Bay Area March 2012 home sales

For Napa County, March 2012 homes sales were the same as March 2011, 136 homes sold but up from February’s 104. This is the highest number since March of  2004 when 171 sold. Here are the numbers for Napa County for the last 9 years.

Month Year                     # Sold                        Average Price              Median Price           Days on Market

March 2012

136

$450,740

$335,000

115

March 2011

136

$451,876

$339,000

125

March 2010

125

$400,571

$339,000

93

March 2009

108

$378,257

$334,250

94

March 2008

59

$608,517

$480,000

122

March 2007

94

$853,333

$669,000

155

March 2006

101

$825,035

$674,500

101

March 2005

130

$664,460

$550,500

49

March 2004

171

$560,564

$479,900

68

 

For the San Francisco Bay Area March 2012 home sales reached their highest level in five years. March buyers purchased 7,694 houses and condos in the nine-county Bay Area, according to DataQuick, a San Diego-based real estate information service. That was up 9 % from a year earlier and the highest number sold for the month since 8,317 homes in March 2007.

The median price paid for all sales climbed 10 % from February to $358,000, but was down nearly 1 % from a year earlier. The median has declined on a year-over-year basis every month since October 2010, though last month’s decline was the smallest for that period.

The low point of the current real estate cycle was $290,000 in March 2009. The peak was $665,000 in June/July 2007. Around half of the drop in prices resulted from a decline in home values, while the other half reflected a shift in the mix of homes sold.

Foreclosures and short sales made up 44 % of the market last month, down from 48 %  a year earlier. In Napa County foreclosure and short sales accounted for 73 of the 136 sold, a 53.7 %. Absentee buyers – mostly investors – in March purchased 24 % the homes sold, down from nearly 26 % in February.

Thank you for reading this post. If I can ever be of help in finding you the perfect property here in the Napa Valley, please email me at Curtis@NapaValleyAddress.com

Your Napa Valley Broker Extraordinaire, selling Real Estate here from its heart, Yountville

My website & blog: www.NapaValleyAddress.com

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Filed Under: Bay Area RE, Market Reports, Napa Valley, RE Current Info Tagged With: Bay Area RE, Napa Valley, RE Current Info

Curtis Van Carter, has been one of Napa Valley Real Estate's most knowledgeable and experienced agents. He has been characterized by his clients for his honesty and knowledge to make a home sale or purchase as smooth as possible. If you are interested in selling or listing a home please call or EMAIL Curtis here.

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