Inventory continues to drop in the face of enormous demand. We’re running about 50% below last year at this time. The Percentage of Units Accepting Offers keeps on climbing. In previous years, before the market started to heat up again, … Continue reading →
Read More →Weekly activity charts from Broker Metrics for San Francisco houses, condos, TICs, co-op apartments and 2-4 unit buildings for the past 6 months ending March 18, 2012: Inventory of Active Available Listings: Declining when typically at this time of year … Continue reading →
Read More →March 2012 Update “If I knew where I was going to live for the next five years or 10 years, I’d buy a home and I’d finance it with a 30-year mortgage. It’s a terrific deal — If I had … Continue reading →
Read More →The S&P Case-Shiller Home Price Index for the month of December 2011 was just published. For the “high-tier” price index, which most applies to the city of San Francisco itself, the index showed a tiny tick down – less than … Continue reading →
Read More →These charts track market activity by week for the last six months through February 19, 2012 for San Francisco houses, condos, co-ops and TICs. Listings for Sale (not including listings currently under contract): Inventory remains terribly low. Months Supply of Inventory (MSI) – how long it would take to sell the entire inventory of homes [...]
Read More →San Francisco Home Values by Neighborhood February 1, 2011 – January 31, 2012 The first group of statistics below (in table format) apply only to non-distress home sales with at least 1 car parking, as reported to MLS. Distress sales … Continue reading →
Read More →The luxury home segment in San Francisco makes up about 10% of the overall home market in the city (by unit sales; more by dollar volume). One of the most interesting dynamics playing out right now in the SF luxury … Continue reading →
Read More →National forecast of recovery in jobs and income: click to enlarge Jobs/Income forecast for multi-county San Francisco MSA projecting a recovery in employment to gain traction in 2012: click to enlarge Forecast of national home price recovery puts us at bottom right about now: click to enlarge Buyer profile for San Francisco multi-county metro area [...]
Read More →S&P Case-Shiller publishes 4 main home price indices for the 5-county San Francisco Metro Statistical Area: the low price tier, the middle price tier, high price tier and an aggregate index. The new report for August 2011 was released today: For the SF MSA, the low and middle price tiers showed small declines in values, [...]
Read More →A market trends overview by the Paragon Real Estate Group for San Francisco Home Sales of $1,500,000 & Above October 2011 Update It’s not unusual for the high-end home market to slow down during the summer months, just as it does to a greater degree during the holiday season from mid-November to mid-January. However, this [...]
Read More →Paragon YTD sales: Comparing MLS sales YTD 2011 with those of the same period in 2010, Paragon’s total dollar volume is up 32%, and our increase in percent market share is 27%. For houses, condos, co-ops and 2-4 unit buildings selling for $2,000,000 and above, our dollar volume is up 62% and our percent market [...]
Read More →For the sale of San Francisco houses, condos, TICs and 2-4 unit buildings by week through 9/25/11, as reported to MLS.
Read More →Bankrate.com’s 30-year rate: last 5 years click to enlarge And for the last 12 months: click to enlarge
Read More →The S&P Case-Shiller Index for July, released today 9/27, indicated the 5th consecutive increase in “high tier” house values in the 5-county San Francisco Metro Statistical Area. The majority of SF’s houses qualify as high tier (over $601,000); in the 8 northern and central Realtor districts, almost 90% of SF house sales qualify as high [...]
Read More →These charts from Broker Metrics track activity as reported to the SF Mulitiple Listing Service (MLS) for San Francisco houses, condos, co-ops, TICs and 2-4 unit buildings, by week, through 9/18/11. Listings for Sale: inventory remains terribly low as compared to demand, though it is starting to creep up. But last year at this time, [...]
Read More →click to enlarge Luxury home sales in San Francisco have always been clustered in the traditional, northern, prestige neighborhoods running from Sea Cliff to Pacific Heights to Telegraph Hill, as well as in the St. Francis Wood enclave. In the past 12 years, these have been joined in a big way by the Noe Valley-Castro-Haight [...]
Read More →click to enlarge Comparing this past August to August of 2010, SF had 25% fewer homes for sale – over 500 fewer MLS listings – but 28% more listings accepting offers. The percentage of listings accepting offers jumped from 14% last year to over 22% in August 2011, as high a percentage as we’ve seen [...]
Read More →click to enlarge In the 2nd Quarter of 2011, the number of homes lost to foreclosure in California dropped 11% as compared to 2nd Quarter 2010. San Francisco saw a 13% drop. Bank-owned property sales made up almost 36% of all California resale activity in the 2nd quarter (down from 58% in 2009); in San [...]
Read More →click to enlarge Over two-thirds of SF home sales accept offers relatively quickly at prices very close to or slightly over list price. Buyers respond quickly to these typically well-priced, well-prepared, well-marketed homes with strong and sometimes multiple offers. The sales that go through 1 or more price reductions average over 2 ½ months longer [...]
Read More →8/16/10 – 8/15/11 The charts below track San Francisco MLS home sales by price, average size and average dollar per square foot ($/sq.ft.) for the 12-month period ending August 15, 2011. Only homes listed as having at least one parking space are included.
Read More →Click to enlarge Months’ Supply of Inventory (MSI) = the number of months it would take to sell the existing inventory of homes for sale at current rates of market activity: The lower the MSI, the stronger the market. Less than 4 months of inventory is usually considered a “Seller’s market”; 4-6 months, a balanced [...]
Read More →Below are weekly market activity charts for the last 6 months, pertaining to San Francisco houses, condos, co-ops, TICs and 2-4 unit buildings. The numbers and percentages of the charts pertaining to accepted offers will go down over the coming weeks as some of these transactions fall out of escrow. All data per Broker Metrics. [...]
Read More →click to enlarge click to enlarge click to enlarge click to enlarge click to enlarge Sunset/ Parkside/ Richmond SFDs: Average Days on Market click to enlarge Sunset/ Parkside/ Richmond SFD Months’ Supply of Inventory click to enlarge
Read More →S&P Case-Shiller Overall Home-Price Index for San Francisco Metro Area Increases for 2nd Consecutive Month in May Case-Shiller High Tier Price Index Shows 3rd Consecutive Increase The Paragon Real Estate Group July 27, 2011 Update click to enlarge The Case-Shiller Index Deciphered For the San Francisco (City & County) Real Estate Market The S&P Case-Shiller [...]
Read More →The July 2011 Market Overview by the Paragon Real Estate Group Generally speaking, monthly fluctuations up and down — especially of median price — are relatively meaningless unless continuing for an extended period of time. In real estate, the longer term trends, seen across a wide variety of statistical measurements, are the meaningful ones. This [...]
Read More →A statistical market overview by the Paragon Real Estate Group for Noe Valley, Eureka Valley & the Castro, Cole Valley, Mission Dolores, Haight Ashbury, Ashbury Heights, Clarendon Heights, Parnassus Heights, Corona Heights, Glen Park, Twin Peaks & the Duboce Triangle
Read More →The Paragon Real Estate Group July 2011 Quarterly Update As seen below, by virtually every statistical measure of supply and demand, the luxury home segment in San Francisco dramatically strengthened in the 2nd quarter. And this is what we are clearly experiencing on the ground in the day to day transactional market here in the [...]
Read More →Interest rates are getting close once again to all time lows. Today’s chart from Bankrate.com charting rates over the past 6 months: click to enlarge Today’s chart from Bankrate.com, charting rates over the past 3 years: click to enlarge
Read More →These are market dynamics charts for San Francisco houses, condos, co-ops, TICs and 2-4 unit buildings. They track weekly activity for the past 6 months through the week ending June 19, 2011. For activity reported to MLS, per Broker Metrics.
Read More →These are weekly market activity charts for the past 6 months through June 12, 2011 for San Francisco houses, condos, TICs and 2-4 unit buildings. The market slowed down for the Memorial Day holiday, but picked up a bit in the second week of June. Accepted-offer activity is below the levels seen in May — [...]
Read More →The S&P Case-Shiller Index report for April 2011 (released 6/28/11) indicated the first increase in home prices for the San Francisco Metropolitan Statistical Area (MSA) in 8 months. This is based upon the Case-Shiller analysis of home sales data for the 5 counties of San Francisco, Marin, Contra Costa, Alameda and San Mateo. The statistics [...]
Read More →SF Luxury Home Snapshot Of those luxury homes selling in the first five months of 2011, 76% sold relatively quickly, without price reductions, and on average within 3% of the list price. Another 24% sold after one or more price reductions, took almost 3 months longer to attract acceptable offers, and on average closed sale [...]
Read More →District 5 saw a strong uptick in average dollar per square foot figures for both houses and condos in April and May.
Read More →Distress home sales – bank-owned properties and short sales – have a major impact on the overall median sales price in San Francisco, even though the city is much less impacted by such sales than the greater Bay Area or California. In actual numbers and as a percentage of sales, distress sales have been increasing [...]
Read More →Is It Strengthening or Declining? Some of our readers have been understandably confused between the bad news reported elsewhere and our recent reports of a strengthening market in San Francisco. Besides the possibility of specific agendas, there are some legitimate reasons behind the apparent disconnect:
Read More →Here are weekly market charts for MLS activity of houses, condos, TICs and 2-4 unit buildings in San Francisco for the past 6 months through the week ending on April 24th. By May 7th, the monthly newsletter will come out with monthly and quarterly trends in a greater range of analyses. All data within is [...]
Read More →These are weekly market dynamics charts for the past 6 months for activity in the San Francisco home market — houses, condos, TICs & 2-4 unit buildings — through the week ending April 17th. The data is from Broker Metrics, which crunches the numbers from the SF MLS system. click for larger image Home Listings [...]
Read More →SFGate.com — the SF Chronicle website — ran an article today, titled “Bay Area Condominium Sales, Prices Tanking”: From Paragon’s Director of Business Development: It talks about how financing difficulties, foreclosures and increasing HOA dues have hammered the Bay Area condo market. All of those issues are indeed important factors in today’s market, but they [...]
Read More →These are weekly market activity charts for San Francisco houses, condos, TICs & 2-4 unit buildings through March 20, 2011, as reported to MLS. All data is from sources deemed reliable but is not warranted and may contain errors. SF Home Listings Accepting Offers by Week The surge in market activity that started 6-7 weeks [...]
Read More →Weekly Market Dynamics Charts for the San Francisco Home Market for the 6 months ending March 6, 2011. Data is per Broker Metrics for the MLS sales of houses, condos, TICs and 2-4 unit buildings. Homes Accepting Offers The number of listings accepting offers continues at a high rate, and would almost certainly be higher if [...]
Read More →The Paragon Market Update Report looks at prices and market dynamics in the different neighborhoods all over the city. Select the neighborhood to access the latest neigborhood details.
Read More →San Francisco Home Market -Weekly Market Activity Charts Through 2/13/11 For San Francisco Houses, Condos & TICs Unless Noted Otherwise Statistics are generalities, subject to fluctuation for a variety of reasons. Dramatic weekly changes in particular should be taken with a grain of salt until the trend is established over a longer period of time. [...]
Read More →Weekly Market Activity Charts Through 2/6/11 for San Francisco House, Condo & TIC Sales Statistics are generalities, subject to fluctuation for a variety of reasons. Dramatic weekly changes in particular should be taken with a grain of salt until the trend is established over a longer period of time. All numbers should be considered approximations. [...]
Read More →The first set of charts below track Weekly Market Activity in San Francisco through January 23, 2011. Unless specified otherwise, this includes activity in houses, condos, TICs and 2-4 unit buildings.
Read More →San Francisco City Overview Alamo Square Anza Vista Bayview Bayview Heightsv Bernal Heights Buena Vista Park Central Waterfront Clarendon Heights Cole Valley Corona Heights Cow Hollow
Read More →Despite mostly negative reports from other parts of the country, the San Francisco home market has performed relatively well since the autumn market began after Labor Day. Indeed, the number of listings accepting offers in November was well above last year’s and the median home price is at its highest since the April tax-credit crush. [...]
Read More →The below charts are by week through December 12th for San Francisco houses, condos, TICs and 2-4 unit buildings. In the period since September 1st, Paragon has cemented its place as the #3 broker by dollar volume sales. Our percentage market share has increased 11.3% for all home types, and by 66.2% for homes selling [...]
Read More →The monthly Market Charts Dynamics newsletter will come out next week (after all November’s data is in). Here is the updated ROI Chart comparing major stock indices with SF home values since January 2000. Comparing stocks with real estate is like comparing apples with bagels, but still it’s kind of interesting. Weekly Activity Charts through [...]
Read More →Weekly market charts that run through November 21st for houses, condos, TICs and 2-4 unit buildings: Listings Accepting Offers: last week, the number soared to the highest level since the April tax credit rush.
Read More →Weekly Broker Metrics Activity Charts through November 7th for houses, condos, TICs and 2-4 unit buildings. The red horizontal lines are the averages for the past 6 months. Listings Accepting Offers: activity remains strong through the first week of November. 
Read More →Listings Accepting Offers by Month (past 2 years): October has been one of the four most active months in the last 25 months.
Read More →Weekly activity charts through October 24th covering the past 6 months, for houses, condos, TICs and 2-4 U properties. Listings Accepting Offers: declining as we get deeper into autumn, but still a little bit above average for the past 6 months. 
Read More →Home Sales with and without Parking: note that many condo developments offer parking by lease instead of by title, which is a very different situation than a condo or house that does not have onsite parking and leases it nearby. Appraisers have estimated that the first parking space is worth about 10% of the price. [...]
Read More →Listings Accepting Offers: still strong activity, well above average for the past 6 months, and the highest since the springtime surge. 
Read More →After a relatively slow summer, the number of new listings and accepted offers in San Francisco soared after Labor Day. Median prices remain stable; mortgage rates hit yet another low; and the Blue Angels returned. As usual, pundits are divided between this being the best time to buy a home in decades (a growing number) [...]
Read More →Median price change trends for the U.S. and California 1968. As you can see, California as a whole was hit much harder than the US or San Francisco specifically. This is due to the huge number of REO sales in certain CA counties.
Read More →I will be sending out the October/3rd Quarter 2010 Newsletter next week, which will have much more detail, but here are market activity charts by week through September 26th, for all San Francisco home types.
Read More →Since there is a lot of uncertainty about what is going on in the market, here are updated Weekly charts through September 19th. Listings Accepting Offers by Week: Recovering — Increased Dramatically in 3rd Week of September from very slow Start 
Read More →“…the first full week unaffected by Labor Day – will be very interesting to see.” Here are weekly market activity charts through September 12th for houses, condos, TICs and 2-4 unit buildings. The charts go back 6 months. Listings Accepting Offers: even taking into account that the Labor Day holiday impacted both of the first [...]
Read More →Here are some quick updates regarding the sales of houses, condos, co-ops, TICs & 2-4 unit buildings. (Click on a chart to enlarge) Closed Sales: Closings in August were down 9% compared with August 2009, which is a bit odd since June & July’s number of accepted offers were relatively unchanged – down 1.6% — [...]
Read More →Low, High & Median Sales Prices & Average Dollar per Square Foot SF MLS Home Sales: February 15, 2010 – August 15, 2010 Median Sales Price is that price at which half the properties sold for more and half for less. It may be affected by “unusual” events in any particular period or by changes [...]
Read More →Week by Week Charts through August 15th, for the past 6 Months: SFD, Condo, TIC, 2-4 Unit Buildings Market trend charts that track by month and by quarter are more useful, but these weekly-bar charts are snapshots of most recent activity.
Read More →Despite the constant news of dramatic changes in the real estate market – Values soar! Values crashing! Market up or down ___% from last month! Double dip recession! – the home market in San Francisco has exhibited a remarkable stability over the past year. As shown in the charts below, median prices for both houses and condos are virtually unchanged from one year ago; buyer demand remains steady; months’ supply of inventory remains steady; foreclosure sales are stable; low interest rates continue. Statistics jump around within a relatively narrow percentage band: there has certainly been no definitive trend up or down. It is neither a crazy buyers’ market nor a crazy sellers’ market: it’s a relatively healthy, balanced market, where the basic rules of realestate generally apply: well-priced, well-prepared, well-marketed homes typically sell quickly and homes without those characteristics don’t.
Read More →San Francisco Home Listings Accepting Offers by Week: climbing back to levels not seen since April, right before the Federal Tax Credit expired. 
Read More →These are for San Francisco SFDs, condos, TICs & 2-4 unit buildings, by week over the past 6 months, through July 18, 2010. Home Listings Accepting Offers: slightly declining, but not crashing (discounting the 4th of July week)
Read More →Very interesting! Updated the charts on San Francisco Home Appreciation & Depreciation since 1995.
Read More →Median prices and average dollar per square foot figures are generalities, which may be affected by other market factors besides changes in value. All information contained herein is derived from sources deemed reliable, but may contain errors and omissions, and is not warranted. Sales not reported to MLS are not included in these analyses.
Read More →Houses Accepting Offers (week by week chart): this market is holding up pretty well, climbing back to the average level of a strong spring season. (The last week of April was a blip caused by the expiring Federal tax credit.)
Read More →Here are market activity charts that cover the last 6 months by WEEK, through June 13, 2010.
Homes Listings Accepting Offers: market has slowed down quite a bit from April (the double tax credit rush), and by a smaller degree from May. The first week of June was significantly impacted by the Memorial Day weekend..
Read More →San Francisco Real Estate: June 2010 Update
click for larger image
SF Homes Accepting Offers
The market cooled in May after the frantic rush to get offers accepted before April 30th so as to qualify for both the expiring Federal tax credit & the new California tax credit. That rush inflated April’s results and deflated May’s, but May 2010 was still 9% above May 2009. Last year, the market did not slow appreciably — as is typical — during the summer months. We’ll see what happens in the summer of 2010.
click for larger image
Inventory Absorption
This chart reflects a market that is cooling a little from the frenzy of April: both accepted offers and new listings are down a little; and residual inventory is up a little (but still lower than most of the past year). Residual inventory reflects listings that were active (available) on the last day of the month, but listed prior to the first day of the same month, i.e. listings from prior months that have not yet accepted offers.
These charts are by week by week through May 16 over the past 6 months.
All units (SFD, Condo, TIC, 2-4) going Under Contract. Unsurprisingly, there was a peak in the last week of April as people rushed to qualify for the Federal Tax Credit.
Click for larger image.
All Units for Sale: Inventory continues to creep up little by little.
Click for larger image.
These are charts showing trends by WEEK for the past 6 months, through April 18th. Weekly data is not as reliable as monthly or quarterly, but it’s useful to see trends. Except for the median price charts, these apply to SFDs, Condos, TICs and 2-4 Unit Bldgs.
Home Listings Going Under Contract (Accepting Offers): demand continues to strengthen
click for larger size
Low, High & Median Sales Prices & Average Dollar per Square Foot: 10/16/09 – 4/15/10
These charts track recent SF home sales by low, high and median sales price, and average dollar per square foot ($/sq.ft.) for the 6-month period of 10/16/09 – 4/15/10. Changes in median price and average $/sq.ft. don’t necessarily signify a change in market values, as both statistics can be affected by changes in buying trends, "unusual" events, and, when the number of sales is small, by a few specific sales clustered well above or below normal.
Comparing this data to the previous 6-month period, changes in median price and average $/sq.ft. most commonly ranged in the 0 – 5% range, plus or minus: no definitive city-wide trend can yet be determined, though the increasing market demand would typically exert upward pressure on prices. Finally, remember that sales data is always 4 to 8 weeks behind the market, since that is the usual period of time between acceptance of offer and the final closing of the sale.
Within the charts, neighborhoods are listed in order of median sales price. If a price is followed by a "k" it references thousands of dollars; if followed by an "m", it signifies millions of dollars. "REO" refers to the sale of bank-owned properties (typically pursuant to foreclosure).
Continue reading to view the charts.
Read More →
Copyright © Michelle Yelen (DRE# 00631010) | All Rights Reserved