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BAY AREA HOME SALES

 LA JOLLA, Calif., Dec. 22 /PRNewswire/ -- Sales of single-family detached homes in the nine-county Bay Area outpaced last year's sales levels for the third month in a row, according to a real estate information service.
 A total of 3,907 resale houses were sold last month in San Francisco, San Mateo, Santa Clara, Contra Costa, Alameda, Solano, Sonoma, Napa and Marin counties (see chart). That was 14.2 percent fewer than October's 6,176, but 5.3 percent more than 3,711 for November last year, La Jolla-based Dataquick Information Systems reported.
 The October-November decline is normal for the season.
 "Market trends often show up in the Bay Area counties a month or two before they appear in the rest of the state. It's obvious that potential buyers are taking advantage of the low mortgage interest rates and realistically priced houses," said Donald L. Cohn, Dataquick CEO.
 The median price paid for a resale house in the nine-county region was $225,000, down 1.3 percent from $228,000 in November last year. Bay Area prices have remained more stable than prices in the rest of the state, most notably Southern California.
 Dataquick monitors all real estate buying and financing and provides data to lending institutions, title companies and industry analysts. The numbers include all so-called "arms-length" transactions. Sales to immediate family members and transfers of ownership to trusts would not be included.
 Lending institutions started foreclosure proceedings on 1,059 Bay Area homes last month. That was down significantly from 1,486 in October and far below this year's peak of 2,096 in July.
 "We're a little uncertain as to whether this signals a drop off in foreclosure rates, or if this means that lending institutions are being more cooperative in working things out with homeowners that are having trouble," Cohn said.
 Dataquick, which regional offices in Burlingame and seven other cities, often has requests for home sales data specific to the Bay Area. The company will now report on home sales and other real estate topics for the region.
 Single-fam. No. Sold No. Sold Pct. Med (K) Med (K) Pct.
 resales Nov-91 Nov-92 Chng Nov-91 Nov-92 Chng
 Alameda 762 806 5.8 pct. $210 $205 -2.4 pct.
 Contra Costa 591 641 8.5 pct. $210 $212 1.0 pct.
 Marin 215 172 -20.0 pct. $315 $300 -4.8 pct.
 Napa 73 70 -4.1 pct. $178 $185 3.9 pct.
 Santa Clara 898 866 -3.6 pct. $242 $245 1.0 pct.
 San Francisco 211 269 27.5 pct. $282 $260 -7.8 pct.
 San Mateo 343 408 19.0 pct. $300 $285 -5.0 pct.
 Solano 284 331 16.5 pct. $140 $155 10.7 pct.
 Sonoma 334 344 3.0 pct. $186 $190 2.2 pct.
 Bay Area 3,711 3,907 5.3 pct. $228 $225 -1.3 pct.
 -0- 12/22/92
 /CONTACT: John Karevoll, 909-867-7656/


CO: ST: California IN: SU:

BP -- LA021 -- 9293 12/22/92 16:44 EST
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Date:Dec 22, 1992
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