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BAY AREA HOME SALES DOWN 1.1 PERCENT

 LA JOLLA, Calif., Feb. 22 /PRNewswire/ -- A total of 3,297 resale houses were sold in the Bay Area in January, down 1.1 percent from 3,334 in January a year ago, according to a real estate information service.
 The year-over-year dropoff was steepest in Marin and Napa counties while sales continued to pick up in Solano and Sonoma counties, according to La Jolla-based Dataquick Information Systems.
 "One shouldn't read too much into January numbers. It's the month of the year that generally gives us fewest indications of what's really going on. Sales are weak during that month, and this year we also had that nasty weather," said Donald L. Cohn, Dataquick CEO.
 At $217,000, the median price paid for a resale single-family residence in the Bay Area was 2.7 percent lower than $223,000 in January last year. Cohn cautioned that median prices reflect not only appreciation or depreciation, but also shifts in market mix.
 Dataquick monitors all real estate purchasing and financing activity 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 Bay Area sales dropoff of 1.1 percent was less than the 2.3 percent January downturn for Southern California.
 Lenders started foreclosure proceedings on 1,294 Bay Area home owners in January, up slightly from 1,217 in December but well below last year's peak of 2,096 in July.
 Single family No. Sold No. Sold Pct. Med(K) Med(K) Pct.
 resales Jan-92 Jan-93 Chng. Jan-92 Jan-93 Chng.
 Alameda 663 661 -0.3 pct. $205 $200 -2.4 pct.
 Contra Costa 613 534 -12.9 pct. $199 $193 -2.8 pct.
 Marin 200 156 -22.0 pct. $315 $270 -14.3 pct.
 Napa 64 51 -20.3 pct. $180 $168 -6.7 pct.
 Santa Clara 732 778 6.3 pct. $248 $244 -1.8 pct.
 San Francisco 211 222 5.2 pct. $265 $251 -5.3 pct.
 San Mateo 313 310 -1.0 pct. $279 $285 2.2 pct.
 Solano 259 284 9.7 pct. $145 $142 -2.1 pct.
 Sonoma 279 301 7.9 pct. $180 $190 5.6 pct.
 Bay Area 3,334 3,297 -1.1 pct. $223 $217 -2.7 pct.
 -0- 2/22/93
 /CONTACT: John Karevoll at 714-867-9534/


CO: ST: California IN: SU:

LS -- LA017 -- 0054 02/22/93 13:54 EST
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Publication:PR Newswire
Date:Feb 22, 1993
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