Northern California hotspots were not immune to the slowing existing-home market in July. According to the California Association of Realtors, month-over-month sales were down 16 percent in the Bay Area, 8.4 percent in the Central Valley and 1.4 percent in the Far North.
All but one of the Bay Area’s nine counties saw sales decline between 9.2-29.3 percent, while Napa notched a win with a 5.7 percent increase. Though still comfortably above $1 million, the median price in San Francisco, Alameda, Marin, Santa Clara and San Mateo was down last month. San Mateo County continued to hold the most expensive median sale price at $1,984,000.
Sacramento County sales were down 5 percent in July, though prices were up 3.2 percent. The median sold price in the capital county was $547,000. Neighboring Placer County’s median sale price was down slightly to $660,000, while sales fell 7 percent.
In the Far North, Plumas County sales declined 21.3 percent as prices fell to $364,050. Butte County managed to squeak out a gain of 3.7 percent in the price column, with a median sale price of $429,000.