Bay Area home prices, rents spike

(KTSF by Jessie Liang)

According to data released by San Francisco real estate website Trulia, Bay Area home prices and rents go up in December compared with the same time in 2011.

Santa Clara County asking price for homes for sale rose 16.3%, followed by San Mateo County, a 15% increase and Contra Costa County, a 13.8% increase. San Francisco increased 9.6%.

The highest median home price in the Bay Area is $799,000 in Marin County, followed by San Francisco at $789,000 and San Mateo County at $737,000.

Trulia predicts that home prices are going to increase more in 2013.

The rents also rose. The biggest spike was Alameda County with a 13.2% increase. The highest rent was San Francisco with the median price of $3,100, followed by San Mateo County, $2,550, and Santa Clara County, $2,100.

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