The number of single-family homes and condos that traded hands in San Francisco inched up 0.7 percent from 566 in May to 570 in June versus a typical seasonal gain of closer to 3 percent. And on a year-over-year basis, sales actually slipped a percent versus an 11.0 percent gain in May, according to recorded sales data from CoreLogic.
In Alameda County, recorded homes sales in June (1,902) were 11.7 percent higher versus the month before and 4.6 percent higher on a year-over-year basis while sales in Contra Costa County (1,907) jumped 18.4 percent from May to June and were 5.0 percent higher, year-over-year.
Home sales in Santa Clara County (2,071) ticked up 4.6 percent from May to June and were 2.4 percent higher versus the same time last year, while sales in Marin County (367) ticked up 3.7 percent in June but were 1.6 percent lower on a year-over basis. Sales in Napa (169) jumped 17.4 percent and but were only 2.4 percent higher on a year-over-year basis, home sales in Sonoma County (659) ticked up 7.0 percent from May to June but were 1.6 percent lower versus the same time last year and sales in Solano County (646) dropped 2.7 percent in from May to June and were 11.9 percent lower, year-over-year.
In total, excluding San Mateo County due to a temporary data issue, recorded home sales across the Bay Area increased 8.6 percent from 7,637 in May to 8,291 in June and were 2.1 percent higher versus the same time last year but 6.9 percent below average driven by a slowdown in new construction sales.
The median price paid for those 566 homes in San Francisco last month ($1,250,000) was 3.7 percent higher than the month before and 5.9 percent higher versus the same time last year, but still 3.8 percent lower than the record $1.3 million median price recorded in April 2016.
The median sale price of $770,000 in Alameda County was 10.0 percent higher versus the same time last year while the median price in Contra Costa County ($580,000) was 7.2 percent higher, year-over-year.
The median sale price of $965,000 in Santa Clara County was 12.2 percent higher versus the same time last year, the median in Marin ($1,080,050) was 13.7 percent higher, the median in Napa ($597,000) was 11.6 percent higher, the median in Sonoma ($588,500) was 11.0 percent higher, and the median sale price of $400,000 in Solano was 6.7 percent higher on a year-over-year basis last month.
And across the Bay Area, excluding San Mateo once again, the median sale price in June was a record $735,000, up 7.5 percent versus the same time last year.
Keep in mind that while movements in the median sale price are a great measure of what’s selling, they’re not necessarily a great measure of appreciation or changes in value and are susceptible to changes in mix, as opposed to movements in the Case-Shiller Index.