Bay Area Home Sales Strong, Prices Up.Business Editors/Real Estate Writers 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)--Feb. 23, 2001 Bay Area home sales showed surprising strength in January January: see month. , with solid sales and continued price increases, a real estate information service reported. A total of 4,153 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 24.4 percent from 5,490 for December, and down 3.8 percent from 4,315 for January 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. DataQuick Information Systems. A steep decline from December to January is normal for the season. Last month's sales count was the third strongest for any January on record, behind 2000, and behind January 1989 when 4,962 resale houses were sold. "We're watching the market carefully for signs of the predicted slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. , but so far all we've found is a bit of leveling off. We do expect the Bay Area's steep price increases to settle down a bit this spring," said Mike Ela, DataQuick's president. The median price paid for a resale Bay Area house was $387,000 last month. That was up 3.5 percent from December's $374,000 and up 21.3 percent from $319,000 for January last year. November's median of $390,000 stands as the highest so far, although the $400,000 threshold will probably be crossed in March or April, DataQuick reported. DataQuick, a subsidiary of Vancouver-based MacDonald Dettwiler MacDonald, Dettwiler and Associates Ltd. (TSX: MDA) is a Richmond based, Canadian information services and products company, employing over 3000 people throughout Canada, the United States and the United Kingdom, under the MDA brand name. and Associates, 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. The statewide sales count for resale houses was 22,725 last month, up 6.9 percent from 21,256 for January last year. Last month's median was $200,000, up 8.1 percent from $185,000 a year ago.
Resale houses
No Sold No Sold Pct. Median Median Pct.
Jan-00 Jan-01 Chng. Jan-00 Jan-01 Chng.
Alameda 853 847 -0.7% $281K $335K 19.2%
Contra Costa 767 703 -8.3% $239K $279K 16.7%
Marin 185 164 -11.4% $415K $612K 47.5%
Napa 78 85 9.0% $222K $281K 26.6%
San Francisco 253 211 -16.6% $400K $499K 24.8%
San Mateo 393 360 -8.4% $428K $575K 34.3%
Santa Clara 1,087 945 -13.1% $408K $505K 23.8%
Solano 335 431 28.7% $165K $200K 21.2%
Sonoma 364 407 11.8% $248K $312K 25.8%
Bay Area Total 4,315 4,153 -3.8% $319K $387K 21.3%
Source: DataQuick Information Systems
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