Albany, Bay Area Home Prices Rise

In Albany, the median sale price in September was $575,000, a 29 percent increase over September 2011.

DataQuick reported Wednesday that sales in the middle- and high-end of the market are rising even as sales below $300,000 in October declined year-over-year. 

On Wednesday, Federal Reserve boss Ben Bernanke said that banks may be hampering the U.S. economy's recovery by denying home loans to creditworthy borrowers. 

At 3.34 percent, the average rate on a 30-year loan is at its lowest point since 1971. 

Sales Volume Median Price
October 2011 October 2012 Percent Change October 2011 October 2012 % Chng Alameda 1308 1618 23.7% $340000 $384000 12.9% Contra Costa 1329 1454 9.4% $250750 $302500 20.6% Source: DQNews

 

Alameda County Median Home Sale Price September 2012 County/City/Area Number Sold Sept. 2012 Sept. 2011 Percent Change Alameda County 1395 $380,000 $344,500 10.3% ALAMEDA 55 $487,500 $475,000 2.63% ALBANY 17 $575,000 $445,000 29.21% BERKELEY 49 $649,000 $607,000 6.92% CASTRO VALLEY 61 $425,000 $436,000 -2.52% DUBLIN 87 $493,000 $412,750 19.44% EMERYVILLE 50 $235,000 $264,500 -11.15% FREMONT 207 $540,000 $432,000 25% HAYWARD 158 $280,000 $251,000 11.55% LIVERMORE 101 $417,500 $370,000 12.84% NEWARK 47 $326,000 $290,000 12.41% OAKLAND 289 $250,000 $215,000 16.28% PLEASANTON 77 $687,500 $659,500 4.25% SAN LEANDRO 94 $309,000 $297,500 3.87% SAN LORENZO 24 $285,000 $285,000 0% UNION CITY 51 $412,500 $372,000 10.89% Source: DQNews

 

Contra Costa County Median Home Sale Price September 2012 City/County/Area Number Sold Sept. 2012 Sept. 2011 Percent Change Contra Costa County 1403 $320,000 $253000 26.48% ALAMO 23 $1,171,000 $975000 20.1% CLAYTON 17 $475,000 $497000 -4.43% CONCORD 116 $270,000 $240000 12.5% DANVILLE 76 $780,000 $785000 -0.64% DIABLO 4 $1,585,000 $2,541,500 -37.64% DISCOVERY BAY 32 $355,000 $300,000 18.33% EL CERRITO 16 $399,500 $490,000 -18.47% EL SOBRANTE 27 $312,500 $260,000 20.19% HERCULES 35 $260,000 $280,000 -7.14% LAFAYETTE 26 $835,000 $935,000 -10.7% MARTINEZ 65 $328,500 $239,500 37.16% MORAGA 11 $820,000 $752,500 8.97% OAKLEY 73 $257,500 $175,000 47.14% ORINDA 29 $940,000 $885,000 6.21% PINOLE 20 $281,250 $209,500 34.25% PITTSBURG 81 $181,250 $150,000 20.83% PLEASANT HILL 39 $435,000 $433,500 0.35% RICHMOND 89 $150,000 $133,500 12.36% RODEO 8 $221,250 $264,500 -16.35% SAN PABLO 62 $180,000 $157,750 14.1% SAN RAMON 120 $637,000 $628,500 1.35% WALNUT CREEK 128 $478,000 $440,000 8.64% Source: DQNews