Part of the Bay Area News Group

Home values on the rise

By scarney
Tuesday, July 24th, 2012 at 4:03 pm in Lamorinda.

Home values in the Bay Area made a large leap in the second quarter, according to Zillow.com, which perhaps signals the turn of the housing market.

The Bay Area, as a whole, saw a 2.5% increase in property values, although Contra Costa County saw a slightly lower increase at 1.4%. While the report did not have a specific percentage increase for the Lamorinda area, an expert estimated the increase for the area near 2% for the second quarter.

As home values increase, more sellers will be willing to put their homes on the market, which will help turn the real estate market around.

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