No more Golden Gate

Chris Palmeri

The once red-hot San Francisco market is starting to cool. New info from market researcher DataQuick shows the number of homes and condos sold in the Bay Area fell 11.9% from June to July and 10.8% from July, 2004. July of last year was a record month with 12,800 homes sold. The median price paid in July was $606,000, down 0.7 percent from June, but still up 17.9 percent from July of a year ago. Is the party over for Northern Californians? It's too early to call a turn in the market. But July was the first month this year that Bay Area home prices didn't reach a new peak.

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