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.
Article image credited to nstanev / iStock.com
- 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.
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