Skip to main content

Bay Area Counties Hit Million-Dollar Median Housing Prices

Phil Hall
May 19, 2016
A philanthropic effort co-founded by Facebook CEO Mark Zuckerberg and his wife, Dr. Priscilla Chan, is aiming its financial generosity at those facing eviction in the San Francisco Bay Area

The median price of a single-family home in California’s Santa Clara and Alameda counties hit the seven-digit level in April.

According to a San Jose Mercury-News report, Santa Clara County’s single-family housing carries a median price of $1 million, the first time it went into a million-dollar range. San Mateo County’s median price was $1.2 million, which tied a record level set in May 2015.

For the Bay Area equivalent of affordable housing, Contra Costa County’s median price was $525,000, its highest level in seven years. As a whole, the Bay Area's nine counties experienced a median single-family home price increase last month to $725,000, not far from the July 2007 peak of $738,500.  

And while prices are on the rise, many residents may be on the retreat: a recent poll conducted by the Bay Area Council found more than one-third of the population considering a relocation due to unhappiness with housing costs and lengthy commutes.

Published
May 19, 2016
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021