ANNUAL MARKET TREND

All regions including San Francisco, East Bay, Mid-Peninsula and North Bay, have significant gained in the Real Estate market of up to a 31% increase in average home sales price. In addition, houses on market has dropped dramatically to 36% from 51 to 33 days.

ALL REGIONS
	AVERAGE SALES PRICE	DAYS ON MARKET	AVERAGE PRICE / SQ. FT	QUANTITY
2013	$813,397	33	$386	9773
CHANGE	31%	-36%	30%	-13%
2012	$621,062	51	$297	11201

MARKET SHARE

This year, you can see that East Bay has sold a whopping 54% of total homes sold, totalling the largest volume of dollars pertaining $3.424 billion followed by North Bay and Mid-Peninsula

ANNUAL COMPARISON OF MARKET

It is well-known how median prices in the Bay Area have fluctuated sporadically over many years. For example, median price has peaked at $665,000 in June and July 2007, and then dropped to $290,000 in March 2009. It is important to know that much of the ups and downs of prices are rooted from the types of homes sold. Also, in the nine-county Bay Area, media price paid for a home last month was $550,000, which has been the highest in record since December 2007 when price was at $587,500. This means that home buyers continue to put large amounts of their own money into residential real estate. In May, they paid a high of $2.6 billion but have dropped significantly to $2.3 billion in June. However, knowing that as prices go up, more homes will come on the market, allowing price pressures to ease in the next part of the cycle, allowing home purchasing to be a smoother process.