January 22, 2004

SJ Business Journal: Bay Area Home sales surged at year's end.

According to the SJ Business Journal, houses are still selling like hotcakes.
Home sales in the Bay Area experienced their strongest December in more than 16 years as prices moved to new highs, says DataQuick Information Systems, a La jolla-based real estate information service. Santa Clara County led the sales pace among the nine counties included in the report.
I thought this was interesting:
The typical monthly mortgage payment that Bay Area buyers committed themselves to paying was $2,045 in December. A year ago it was $1,913. The peak was in May 2000 at $2,124.
That's the first time I remember seeing that statistic quoted. I'd love to see a graph of that. Posted by dapkus at January 22, 2004 02:33 PM | TrackBack