Bay Area Home Sales Steady.LA JOLLA La Jolla (lə hoi`yə), on the Pacific Ocean, S Calif., an uninc. district within the confines of San Diego; founded 1869. The beautiful ocean beaches, in particular La Jolla shores and Black's Beach, and sea-washed caves attract visitors and , Calif..--(BUSINESS WIRE)--Oct. 26, 1998--September home sales in the Bay Area slowed a bit from their hot summer pace, but remained at a seasonal high for the decade, a real estate information service reported. A total of 6,234 resale resale n. selling again, particularly at retail. In many states a "resale license" or "resale number" is required so that the state can monitor the collection of sales tax on retail sales. RESALE. houses were sold in the nine-county region
The Nine-County Region (Metro Indianapolis Area) is an informal name to an area comprising nine counties in the center of the U.S. state of Indiana with a population of almost 2 million residents. last month. That was down 2.9 percent from 6,423 for the month before, and up 7.8 percent from 5,784 for September last year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Acxiom Corporation's DataQuick Products Division. Bay Area home sales have increased on a year-over-year basis since mid- mid- pref. Middle: midbrain. 1995. Last month's sales count was the highest for a September since 1989 when 6,332 resale houses were sold. "We haven't really seen any of the expected effects of the Asian crisis or the Wall Street turbulence turbulence, state of violent or agitated behavior in a fluid. Turbulent behavior is characteristic of systems of large numbers of particles, and its unpredictability and randomness has long thwarted attempts to fully understand it, even with such powerful tools as . Sales are still strong," said Mike Ela," said Mike Ela, leader of Acxiom's DataQuick Products Division. The median price for a resale house in the Bay Area was $279,000 last month. That was up 1.1 percent from $276,000 in August and up 7.3 percent from $260,000 for September a year ago. Acxiom's DataQuick Products Division monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions Noun 1. lending institution - a financial institution that makes loans financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in , title companies and industry analysts. -0-
(Chart)
Resale houses
No Sold No Sold Pct. Median Median Pct.
Sep-97 Sep-98 Chng. Sep-97 Sep-98 Chng.
Alameda 1,105 1,214 9.9% $227K $245K 7.9%
Contra Costa 1,065 1,033 -3.0% $225K $225K 0.0%
Marin 309 333 7.8% $375K $380K 1.3%
Napa 107 128 19.6% $195K $196K 0.5%
San FranciscO 351 380 8.3% $307K $340K 10.7%
San Mateo 618 691 11.8% $328K $363K 10.7%
Santa Clara 1,327 1,319 -0.6% $307K $350K 14.0%
Solano 407 495 21.6% $145K $155K 6.9%
Sonoma 495 641 29.5% $203K $218K 7.4%
Bay Area 5,784 6,234 7.8% $260K $279K 7.3%
Source: Acxiom/DataQuick
For more information call John Karevoll (909) 867-9534. |
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