According to MDA DataQuick, the median price paid for all new and resale houses and condos combined in the Bay Area fell to $295,000 in February 2009. That was down 1.7 percent from $300,000 in January and down a record 46.2 percent from $548,000 a year ago.
In the East Bay, Alameda County’s median value was $29,000, a 29.0 percent decline from February 2008. The Contra Costa County median home sale value in January 2009 was $216,500, a 51.9 percent decline from February 2008 – due in part to foreclosure-related sales. In February, Contra Costa County continued to post the highest sales volume and the steepest annual decline in median sale prices throughout the Bay Area.
