Bay Area Home Prices Experience Steep Drop In August

Home prices continued to drop in the Bay Area as a research firm study showed a 31% drop in the month of August.  MDA Dataquick data revealed a drop in Marin County median home price as well, showing up as $675,000 when counting all condos and houses.  That is down 25% from a year ago, when median prices were around $900,000.  The research showed foreclosure activity in the County was still low compared to others like Solano and and Contra Costa.  Condo sales, however, were way up in Marin.