Bay Area home sales up.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)--April 23, 1996--The increase in Bay Area home sales continued last month. Prices also inched their way up, a real estate information service reported. A total of 4,642 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 Bay Area in March. That was up 38.4 percent from February's 3,355 and up 17.2 percent from 3,960 for March a year ago (see chart), 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 sales increase from February February: see month. to March is normal for the season. The year-over-year rise was the eighth in a row for the Bay Area. "We expect sales to stay strong for the next couple of months despite last month's uptick Uptick A transaction occurring at price above its previous transaction. In order for an uptick to occur, a transaction price must be followed by an increased transaction price. in mortgage interest rates. We are a bit surprised that prices are beginning to go back up," said Donald L. Cohn, DataQuick CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . The median price paid for a resale house was $230,000, up 2.7 percent from $224,000 in February and up 3.6 percent from $222,000 a year ago. Prices have shown a year-over-year increase every month since last July except for a slight decrease in December. March's 3.6 percent increase was the strongest for any month since 1991. DataQuick monitors all real estate purchasing and financing in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). and other states, and provides information to consumers, lending institutions Noun 1. lending institution - a financial institution that makes loans financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in , title companies and industry analysts. Sales in other home categories are also up. Sales counts for resale condos have been increasing since September and sales of newly-built homes have been up since October, DataQuick reported. (Chart) Resale houses
#Sold #Sold Pct. Med($K) Med($K) Pct.
Mar-95 Mar-96 Chng. Mar-95 Mar-96 Chng.
Alameda 747 883 18.2 pct. $194 $204 5.2 pct. Contra Costa 715 763 6.7 pct. $202 $203 0.5 pct. Marin 159 198 24.5 pct. $300 $335 11.7 pct. Napa 69 70 1.4 pct. $180 $172 -4.4 pct. San Francisco 277 296 6.9 pct. $257 $258 0.4 pct. San Mateo 394 502 27.4 pct. $289 $290 0.3 pct. Santa Clara 1,009 1,244 23.3 pct. $240 $260 8.3 pct. Solano 266 330 24.1 pct. $150 $144 -4.0 pct. Sonoma 324 356 9.9 pct. $192 $188 -2.1 pct. Bay Area 3,960 4,642 17.2 pct. $222 $230 3.6 pct. For more information call John Karevoll (909) 867-9534 CONTACT: John Karevoll, 909/867-9534 |
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