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by CareyBot

San Francisco Bay Area home prices set another record in August, as sales picked up from the month before, a real estate information service reported. The median price paid for a Bay Area home was $619,000 last month, according to DataQuick Information Systems. That was up 2.1 percent from $606,000 in July, and up 19 percent from $520,000 in August 2004. Annual price increases have been in the upper teens for a year-and-a-half, the service reported. A total of 12,154 new and resale houses and condos were sold in the nine-county region last month, up 6 percent from 11,470 for July but down 4.1 percent from 12,674 for August last year, according to DataQuick. The year-ago sales count was the strongest for any August in DataQuick's statistics, which go back to 1988. "We're a bit surprised at...