It looks like Bay Area home prices are sailing to new records! The San Jose Mercury News reports:
The median price of single-family houses sold in the nine Bay Area counties rose to a record $622,000 in April, up nearly 20 percent from a year earlier.
This data was based on completed sales of existing single-family houses or condos as recorded by counties in April 2005, although the Bay Area is not including Santa Cruz County.
The Santa Clara County figure for last month was also a new peak, at $681,500. That's up almost 19 percent from the median price in April 2004, and 2.5 percent higher than the March 2005 number.
Sales volume, on the other hand, fell compared to last year in all Bay Area counties except San Mateo and Napa. A total of 7,592 houses changed hands in the region last month, about 12 percent fewer than during April 2004.
