Bay Area Home, Rent Prices on the Rise

Asking prices for both for-sale homes and rent in the Bay Area increased in December, showing significant price spikes from a year ago, according to a report by the San Francisco Chronicle.

Further details in the Chronicle report:

• In 2012, Alameda County saw a 11.8 percent spike in asking prices for homes for sale, with a median price of $435,000. Meanwhile, Contra Costa County in 2012 saw a 13.8 percent increase in asking prices for homes for sale, with a median price of $340,000.
• Alameda County saw the largest increase in 2012 for asking prices for rent in the Bay Area with a 13.2 percent spike, with a median price of $2,050, according to the report. Contra Costa County saw a 12 percent spike in asking prices for rent, with a median price of $1,800 a month.

View the full report on the San Francisco Chronicle website.