Spanning December to January there was a 38.3 percent drop in new and existing single-family home and condo sales within the San Francisco Bay Area. However, CoreLogic cautions not to read too much into this. According to its data, a total of 4,845 homes sold last month in the nine counties that comprise the Bay Area– Alameda, Contra Costa, Marin, Napa, Santa Clara, San Francisco, San Mateo, Solano and Sonoma.
- Last month was the strongest January for sales activity in three years.
- January and February home sales figures aren't predictive of what's to come in the Bay Area.
- Santa Clara, Alameda and Contra Costa counties contributed the most January sales.