Bay Area home sales rise as investors plunge inThe Bay Area's nine-county region saw a total of 7,494 new and resale houses and condos change hands in December 2011, up 4.4 percent from the same month in 2010, said DataQuick, a San Diego real estate information service. It was the sixth month in a row that sales volume rose compared with the prior year.Absentee buyers, mainly investors, were out in record numbers, DataQuick said. They accounted for almost a quarter (23.8 percent) of all the homes sold and paid a median of $225,000 in December. All-cash buyers, again largely investors, accounted for 27.4 percent of sales.The median price paid was $351,000, a 3.5 percent slump from December 2010. It was the 15th consecutive month of a decline in the median, although it is still above the recent low of $290,000 reached in March 2009. The all-time-high median sales price for the Bay Area was $665,000 in June and July 2007.January 19 2012 - US1YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.