May Real Estate Update

June 21, 2013

Home prices were still on the rise across the Bay Area in May! Led by San Francisco where the median sales price for single-family homes reached $1,087,500 — up a phenomenal 45 percent in just four months. Homes remained in exceptionally short supply in Pacific Union’s East Bay region, prompting aggressive bidding among buyers and giving sellers the highest sales price premiums of anyone in the Bay Area: nearly 14 percent above asking prices. May’s median sales price was up 38 percent from a year ago in Napa County, and up 29 percent in Sonoma County. Get the facts at http://bit.ly/13yauGC