East-bay_foreclosure

July Home Sales in the East Bay

Approximately 30% of July home sales in the East Bay were sales of foreclosures and bank owned properties.

Home sales were up in both Alameda and Contra Costa counties, but the median home price was down.

This should be no surprise as prices are still settling and under pressure from foreclosures, short sales and new home builders offering discounts & incentives.

The number of foreclosures increased in Alameda County jumping back up near May’s high. Contra Costa County saw a decrease in the number of foreclosures coming on the market.

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