The pace of sales slowed in January from one year earlier in most Bay Area regions in which Compass (reflecting the company formerly known as Pacific Union) operates, except for Marin County and the East Bay. The latter region was the only one in the Bay Area that saw homes sell for premiums in the first month of 2019.
Click on the image accompanying each of our regions below for an expanded look at local real estate activity in January.
CONTRA COSTA COUNTY
The median sales price in Contra Costa County ended January at $1,212,500, an annual gain of 2.4 percent. Homes sold in an average of 37 days, identical to December’s pace of sales and one week longer than at the same time last year.
Click the image to the right to see these and other Contra Costa County market statistics for January.
Defining Contra Costa County: ur real estate markets in Contra Costa County include the cities of Alamo, Blackhawk, Danville, Diablo, Lafayette, Moraga, Orinda, Pleasant Hill, San Ramon, and Walnut Creek. Sales data in the adjoining chart includes single-family homes in these communities.
EAST BAY
For the first time in a year, the median sales price in the East Bay dipped below the $1 million mark in January, to $996,500. Inventory was up by 32.2 percent year over year, the largest such gain in the Bay Area.
Click the image to the right to see these and other East Bay market statistics for January.
Defining the East Bay: Our real estate markets in the East Bay region include Oakland ZIP codes 94602, 94609, 94610, 94611, 94618, 94619, and 94705; Alameda; Albany; Berkeley; El Cerrito; Kensington; and Piedmont. Sales data in the adjoining chart includes single-family homes in these communities.
MARIN COUNTY
Marin County‘s $1,150,000 median sales price was down 6.1 percent from January 2018. Homes sold in an average of 60 days, 15 days faster than recorded at the same time last year.
Click the image to the right to see these and other Marin County market statistics for January.
Defining Marin County: Our real estate markets in Marin County include the cities of Belvedere, Corte Madera, Fairfax, Greenbrae, Kentfield, Larkspur, Mill Valley, Novato, Ross, San Anselmo, San Rafael, Sausalito, and Tiburon. Sales data in the adjoining chart includes single-family homes in these communities.
NAPA COUNTY
At $675,000, Napa County‘s January median sales price fell to the lowest point since the spring of 2018 but was still up by 1.7 percent on an annual basis. The pace of sales reached a one-year high, with home lasting on the market an average of 121 days.
Click the image to the right to see these and other Napa County market statistics for January.
Defining Napa County: Our real estate markets in Napa County include the cities of American Canyon, Angwin, Calistoga, Napa, Oakville, Rutherford, St. Helena, and Yountville. Sales data in the adjoining chart includes all single-family homes in Napa County.
SAN FRANCISCO — SINGLE-FAMILY HOMES
Single-family homes in San Francisco took an average of 43 days to leave the market in January, the slowest pace of sales recorded over the past 12 months. January marked the first month in at least a year where San Francisco homes did not sell for a premium, with the median sales price at $1,378,000.
Click the image to the right to see these and other San Francisco single-family-home market statistics for January.
SAN FRANCISCO — CONDOMINIUMS
At $1,050,000, the median sales price for a San Francisco condominium was identical to January 2018. As with single-family homes in the city, the pace of condominium sales climbed to a one-year high, with units selling in an average of 64 days.
Click the image to the right to see these and other San Francisco condominium market statistics for January.
SILICON VALLEY
For the second straight month, Silicon Valley‘s median sales price was below $3 million in January, closing out the month at $2,734,000, an annual decline of nearly 20 percent. Buyers had more options to choose from than at the same time last year, with inventory up by 17.4 percent year over year.
Click the image to the right to see these and other Silicon Valley market statistics for January.
Defining Silicon Valley: Our real estate markets in Silicon Valley include the cities and towns of Atherton, Los Altos (excluding county area), Los Altos Hills, Menlo Park (excluding east of U.S. 101), Palo Alto, Portola Valley, and Woodside. Sales data in the adjoining chart includes all single-family homes in these communities.
Mid-Peninsula Subregion
The median sales price in the Mid-Peninsula ended January at $1,592,500, just a few thousand dollars more than at the same time last year. Homes sold in an average of 43 days, nearly three times slower than they did in January 2018.
Click the image to the right to see these and other Mid-Peninsula market statistics for January.
Defining the Mid-Peninsula: Our real estate markets in the Mid-Peninsula subregion include the cities of Burlingame (excluding Ingold Millsdale Industrial Center), Hillsborough, and San Mateo (excluding the North Shoreview/Dore Cavanaugh area). Sales data in the adjoining chart includes all single-family homes in these communities.
SONOMA COUNTY
Sonoma County posted a significant year-over-year housing supply increase in January, with inventory rising by 23.1 percent. The median sales price was $650,000, in the same general range as it has been over the past year.
Click the image to the right to see these and other Sonoma County market statistics for January.
Defining Sonoma County: Sales data in the adjoining chart includes all single-family homes and farms and ranches in Sonoma County.
SONOMA VALLEY
After climbing to a one-year high of more than $1.2 million in January 2018, Sonoma Valley‘s median sales price closed out the first month of 2019 at $765,000, an annual decline of 39.2 percent. As in other Bay Area real estate markets, the pace of sales slowed to a yearly high of 102 days.
Click the image to the right to see these and other Sonoma Valley market statistics for January.
Defining Sonoma Valley: Our real estate markets in Sonoma Valley include the cities of Glen Ellen, Kenwood, and Sonoma. Sales data in the adjoining chart refers to all residential properties – including single-family homes, condominiums, and farms and ranches – in these communities.
LAKE TAHOE/TRUCKEE — SINGLE-FAMILY HOMES
The median sales price in the Lake Tahoe/Truckee region rose by 20.3 percent year over year in January to end the month at $815,000. Buyers in the region paid $833 per square foot, 56.6 percent more than they did at the same time last year.
Click the image to the right to see these and other Lake Tahoe/Truckee single-family-home market statistics for January.
Defining Tahoe/Truckee: Our real estate markets in the Lake Tahoe/Truckee region include the communities of Alpine Meadows, Donner Lake, Donner Summit, Lahontan, Martis Valley, North Shore Lake Tahoe, Northstar, Squaw Valley, Tahoe City, Tahoe Donner, Truckee, and the West Shore of Lake Tahoe. Sales data in the adjoining chart includes single-family homes in these communities.
LAKE TAHOE/TRUCKEE — CONDOMINIUMS
Condominium prices in the Lake Tahoe/Truckee region moved in the opposite direction of their single-family-home counterparts, falling by 32.1 percent from January 2018 to $285,000. Units changed hands in an average of 67 days, one month faster than a year ago.
Click the image to the right to see these and other Lake Tahoe/Truckee condominium market statistics for January.
Defining Tahoe/Truckee: Our real estate markets in the Lake Tahoe/Truckee region include the communities of Alpine Meadows, Donner Lake, Donner Summit, Lahontan, Martis Valley, North Shore Lake Tahoe, Northstar, Squaw Valley, Tahoe City, Tahoe Donner, Truckee, and the West Shore of Lake Tahoe. Sales data in the adjoining chart includes condominiums in these communities.
(Promotional photo courtesy of Open Homes Photography)