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Home Sales Volume Drops in December

Home sales slowed in December while prices rose. (East Bay Real Estate Directory)

Home sales slowed in December while prices rose. (East Bay Real Estate Directory)

Home sales slowed in Alameda County in December, while prices rose, according to recent numbers from DataQuick.

New and resale home sales volume was down 4.4 percent in December, 2013, compared to December, 2012, in Alameda County. However, Alameda County saw the smallest decline, less than the 12.7 percent Bay Area average decline, or the 24.4 percent decline in sales in Marin County.

In contrast, the median price from December 2012 to the same month last year was up 28 percent in Alameda County, from $410,000 to $525,000. The Bay Area average median price increase was 23.9 percent.

The Bay Area median home price was $548,500 in December, still quite a bit lower than the peak of $665,000 in June and July of 2007.

For 14 consecutive months, the Bay Area median sale price has risen more than 20 percent on a year-over-year basis.

DataQuick says that a reduced supply of homes is driving the median sales price higher as sales volumes decline.

The median price increase is reflected in the increased assessment roll figure from the Alameda County Tax Assessor’s office.

The local assessment roll for properties in the city of Alameda, for the 2013 to 2014 roll, was just over $10 billion, up 5.48 percent from $9.5 billion as reported for the 2012 to 2013 roll, and up 7 percent from $9.3 billion as reported on the 2010 to 2011 roll.

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