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October Home Sales in San Bruno Are Good News for Sellers

The higher prices are a good sign for sellers and cities that rely on property taxes to fund city services. For buyers, the news may not be so good.

The median price for a home in San Bruno was $501,000 in October 2012, a 7 percent increase over October 2011 prices. The number of homes sold was also up over last year too, with 43 San Bruno homes changing hands 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.

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Community Zip code Number Sold Percent Change Median Price Percent Change Highest Price Price per Square Foot Percent Change

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San Bruno 94066 43 48.3% $501000 7.2% $778000 $416 0.2%

More San Bruno real estate info:

           .        Homes for sale in San Bruno

           .        Rentals

           .        Home values

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