Bay Area sales tumble 26% in June
From Times Wire Services
San Francisco Bay Area home and condominium sales plunged 26% last month to the lowest level for a June in 12 years, DataQuick Information Systems said.
A total of 7,964 new and existing single-family homes and condos were sold in San Francisco, Santa Clara, Alameda and six other Northern California counties last month, down from 10,830 a year earlier, La Jolla-based DataQuick said. Last month’s count was the lowest for a June since 1995, when 7,780 homes were sold.
The median price paid for a home in the Bay Area rose to a record $665,000, up 0.8% from $660,000 in May and up 2.6% from $648,000 a year earlier.
