Bay Area real estate market showing mixed signs in August

Pacific Union August 2016 Real Estate Update measures each county in the Bay Area
  • Home prices began to slow in Silicon Valley and the Mid-Peninsula, while Lake Tahoe, Truckee and Sonoma Valley saw massive gains in home price appreciation.
  • Sonoma Valley's median sales price increased 22 percent in August over last year.
  • Silicon Valley home sellers may be passed the days of higher returns, as the sales price percentage of the original price tag has remained consistently below 100 percent since April.

Bay Area home prices are starting to make their descent following a moderate summer of home price appreciation, according to a Pacific Union market report for August.