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.
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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 email@example.com or 578-2196.