Community Corner
Median Home Price Up in Tri-Cities
As the Bay Area housing market recovers, 309 houses sold in the Tri-Cities in November.
Sales of foreclosed homes continue to drop as a percentage of overall volume as the Bay Area housing market recovers from its collapse five years ago. In November, the Bay Area recorded the most home sales for that month in six years.
The familiar trinity of cheap money, high demand and tight supply is driving the market, according to the San Francisco Chronicle. The median Bay Area sale price in November was $438,000, up 20 percent over 2011.
Foreclosure resales represented slightly more than 10 percent of the market, compared to 25 percent a year ago and 52 percent in 2009.
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Here are November sales for the Tri-City area.
Berkeley Home Sales by Zip Code, Nov. 2012 Community Zip Code Number Sold Percent Change over Nov. 2011 Median price Percent Change over Nov. 2011 Highest price Price per square foot Percent Change over Nov. 2011 Fremont94536 69
-10.4% $470,000 28.4% $875,000 $326 11.3% Fremont
94538 46
-19.3% $380,000 5.6% $730,000 $317 15.9% Fremont
94539 48
17.1% $870,000 18.0% $1,901,500 $482 10.4% Fremont
94555 36
44.0% $570,750 18.4% $815,000 $379 27.6% Newark
94560 37
-7.5% $340,750 9.0% $700,000 $266 6.7% Union City
94587 73
7.4%
$390,000 2.6% $825,000 $264 12.1% Source: DQ News
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