“-The Bay Area appears to be shaking off the nation’s housing doldrums.
Local home prices are still going through the roof, even though far fewer properties are changing hands. That contradicts the national real estate trend of slumps in both price and sales volume.
Why does the region’s housing seem to defy gravity?
It’s the wealth effect.
-Marin County established its own record with a median home price of $1,010,000 — the first county in California to pass the million-dollar mark…
-The median price for a single-family home nationally was $215,300 (Bay Area is $720,000)”-SFGate
It appears the word on the streets is now hitting the media. Thanks D.L. for the link!
–“Bay Area’s housing prices buck national trend, Median cost is up 6.6%, driven by strong upscale market, but number of homes sold is down 20%” [SFGate]
–Stats & Numbers [sfn BLOG]
–Tour de San Francisco (real estate) [sfnewsletter’s tour of San Francisco’s Micro-Markets]