The median price for a home sold in Scotts Valley was $490,000 in October 2012, a 9 percent decrease from October 2011 prices. There were 14 homes that changed owners in Scotts Valley in October.
The price data was released on December 13 by the San Diego-based real estate tracking firm DataQuick.
According to DataQuick, nearly 7,800 Bay Area homes changed owners in October. The median price for a Bay Area home was $416,000. Sales volume was up 160 percent in Burlingame and Hillsborough as well.
The San Francisco Chronicle reports that the generally higher prices for homes are due to a confluence of tight supply, high demand and low interest rates on mortgage loans.
.Community Number Sold Median Price Oct. 2012 Median Price Oct. 2011 Percent Change
.Scotts Valley 14 $490,000 $540,000 -9.26%
More Scotts Valley real estate info:
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