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by CareyBot

San Francisco Bay Area home prices jumped 20.5 percent from January 2004 to January 2005, marking the largest annual gain in four years, according to DataQuick, a real estate information service. The median price paid for a Bay Area home last month was $534,000, a new record. That was up 0.2 percent from $533,000 in December, and up 20.5 percent from $443,000 for January a year ago, DataQuick reported. The last time annual price increases were more than 20 percent was in January 2001 when the $375,000 median was up 20.2 percent from $312,000 a year earlier. A total of 7,509 new and resale houses and condos were sold in the nine-county Bay Area region in January. That was down 32.2 percent from 11,068 in December, and up 5.7 percent from 7,102 for January last year, according to DataQu...