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BAY AREA HOME SALES CONTINUE TO OUTPACE YEAR-AGO SALES LEVELS

 LA JOLLA, Calif., Jan. 25 /PRNewswire/ -- Bay Area home sales continued to outpace year-ago sales levels for the fourth straight month as buyers took advantage of low interest rates and realistically priced houses in December, a real estate information service reported.
 The December surge brought the number of single-family resale homes sold during the fourth quarter to 13,646. That was 15.2 percent more than 11,850 for 1991's October-to-December period (see chart), according to La Jolla-based Dataquick Information Systems.
 Sales volume was up in all counties except Marin, which saw only a minor decrease.
 The median price of a single-family resale house was $227,000 for the quarter, off 1.6 percent from $231,000 a year ago. The drop was steepest in San Francisco at 5.5 percent, while prices in Napa were up 4.2 percent.
 Dataquick monitors all real estate purchasing and financing in California and other states and provides information 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 are not counted.
 The increase Bay Area home sales outpaced sales upturns in Southern California where the fourth-quarter increase was 4.9 percent. Central Valley numbers will not be available until later this week.
 (Chart)
 Single family No. Sold No. Sold Pct. Med(K) Med(K) Pct.
 resales 4Q91 4Q91 Chng 4Q91 4Q91 Chng
 Alameda 2,405 2,772 15.3 pct. $210 $207 -1.6 pct.
 Contra Costa 1,895 2,258 19.2 pct. $220 $217 -1.2 pct.
 Marin 667 664 -0.4 pct. $313 $303 -3.4 pct.
 Napa 210 234 11.4 pct. $178 $185 4.2 pct.
 Santa Clara 2,824 3,121 10.5 pct. $247 $244 -1.2 pct.
 San Francisco 702 884 25.9 pct. $277 $262 -5.5 pct.
 San Mateo 1,222 1,471 20.4 pct. $289 $283 -1.9 pct.
 Solano 912 1,032 13.2 pct. $148 $151 2.1 pct.
 Sonoma 1,013 1,210 19.4 pct. $187 $188 0.8 pct.
 Bay Area 11,850 13,646 15.2 pct. $231 $227 -1.6 pct.
 -0- 1/25/92
 /CONTACT: John Karevoll at 714-867-9534/


CO: Dataquick Information Systems ST: California IN: FIN SU:

LS -- LA006 -- 8531 01/25/93 13:03 EST
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Date:Jan 25, 1993
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