Real Estate

Home sales prices keep plummeting

Here's more bad news for Northern San Joaquin Valley homeowners: Home sales prices dropped dramatically during January.

The median price fell to $354,500 in Stanislaus County, which is 8.5 percent less than what homes sold for a year ago. Even worse, January's median price was $23,000 less than what homes sold for in December.

The one-month drop was greater in San Joaquin County, where January's median sales price was $399,954. That was $25,046 less than December and 8.1 percent less than a year ago.

Merced County prices recovered a bit in January, rising to $329,000, which was $3,000 more than in December. Compared with last year, prices fell 8.9 percent.

DataQuick Information Systems, which gathers sales statistics from property records, found home prices fell statewide in January.

California's median price was $462,000. That was 2.4 percent less than a year ago and $10,000 less than in December. Bay Area prices dropped to $601,000 in January, down 1.5 percent from last year and $17,000 less than December.

A chart of median sales prices by ZIP code will be printed Friday in The Bee.

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Bee staff writer J.N. Sbranti can be reached at jnsbranti@modbee.com or 578-2196.

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