Here are 3 mapped analyses of recent SF home sales by median sales price and average dollar per square foot. Even quarterly statistics can fluctuate within neighborhoods without great significance, because in every quarter a different basket of relatively unique … Continue reading →
Read More →April 2012 San Francisco Update Several times in the past 30 years, the San Francisco real estate market has turned up or down very quickly and very dramatically: in the mid-eighties – up; early nineties – down; 1996 – up … Continue reading →
Read More →How many San Franciscans: Trace their ancestry from China, Ireland, Mexico or the Philippines? Are children under 5? Speak Spanish at home? Have their cars stolen? Are heterosexual or gay? Divorced? Live alone? Give birth each year? Vote Libertarian? Earn over $200,000/year? Have graduate degrees? There is no city in the world quite like San [...]
Read More →Of all the homes bought and sold in San Francisco in 2011: How many had Golden Gate, Bay Bridge, downtown or ocean views? How many were Victorian, Edwardian, Art Deco, Spanish Mediterranean or brand spanking new? How many had elevators or pools, wine cellars, doorpersons or in-law apartments? How many were probate sales, bank sales [...]
Read More →It seems to be part of the human condition that financial and real estate markets go in cycles. What’s interesting is that when the cycle is on the upswing or a bubble is inflating, how vociferous the opinions are that the upswing will never end; and how after the crash, how many then insist, often [...]
Read More →In a world where market ups and downs are blared out every minute, often with great hysteria, it’s useful to pull back and look at the home market from a wider perspective. The longer time period and larger number of sales make statistics more reliable and less confused by normal, relatively meaningless fluctuations. The longer [...]
Read More →“Years of falling prices and falling mortgage rates have made home buying more affordable than it has been in decades. Moreover, home prices look downright cheap, not only from the perspective of mortgage rates and income, but also relative to the cost of renting or the cost of constructing a new home. Meanwhile, continued population [...]
Read More →We are often asked why our analyses seem so out of whack from media reports, so much more positive than the general drumbeat of doom. There are several reasons: the media usually deals with more general data (national, state, Bay Area) while we focus on the city of San Francisco itself or even its specific [...]
Read More →September 2011 Update August 2011 Market Snapshot As compared to August of 2010, we had 25% fewer listings for sale as of 8/1; 6% fewer new listings; 28% more listings accepting offers; 7% more closed sales; 30% fewer expired/ withdrawn listings; and 28% fewer listings for sale as of 8/31. Every statistic points to a [...]
Read More →August 2011 Update As the world wrestles with debt crises, the San Francisco economy and home market continue to improve, at least for the time being. (Knock on wood.) According to the Center for Continuing Study of the California Economy, of the 28,800 jobs the state added in June, 12,800 were in just 5 Bay [...]
Read More →The Paragon July 2011 Quarterly Update As shown in the charts below, by virtually every statistical measure of supply and demand and value, the real estate market in San Francisco strengthened in the 2nd quarter, and by some measurements dramatically so. Paragon is celebrating its 7th anniversary, and if you can forgive us some horn [...]
Read More →Last year, in May of 2010, the market began its hangover from the exuberance of the double-tax credit rush (which expired in April 2010), a hangover that generally continued through summer of 2010. In contrast, in San Francisco, May of 2011 continued the dynamic of strong buyer demand and limited inventory that began earlier this [...]
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 →Case-Shiller Index results for January have recently been published with news of a continuing fall in home values in the United States and most of its metropolitan areas. According to Case-Shiller, home values in the San Francisco Metro Area (5 counties with wildly different markets) have continued to fall – the kicker being that C-S [...]
Read More →Note: You may skip the analysis below and jump straight to the market dynamics charts following. For the past 2 years, new predictions for additional, significant (10-30%) price declines – the so-called double-dip in home values – have been made on an almost weekly basis. The reasons: turmoil in financial markets, foreclosures, shadow inventory, debt [...]
Read More →Low, High & Median Sales Prices & Average Dollar per Square Foot By Neighborhood, Property Type & Bedroom Count 2/16/10 – 2/15/11 The charts below track San Francisco MLS home sales by price, size and average dollar per square foot ($/sq.ft.) for the year ending February 15th. Only homes listed as having at least 1 [...]
Read More →SF House & Condo Listings Accepting Offers Activity by Week: sales activity really picked up since mid-January, with the last week of the month showing the highest number of accepted offers of any week in the past 6 months. In number of listings accepting offers, the full month of January 2011 was up 28% from [...]
Read More →These charts track activity by week for the past 6 months through January 16, 2011 for SFDs, Condos, TICs & 2-4 Unit Buildings. The market is starting to wake up after the holidays. New Listings: Starting to accelerate after the big slow-down of late December. click to enlarge Listings For Sale: Increasing slowly but still [...]
Read More →2010 saw a very strong spring market turbo-charged by federal and state tax credits, a much slower summer, and then a strong finish from Labor Day on. The 4th quarter of 2010 had more accepted offers than the 4th quarters of 2009, 2008 & 2007. Comparing 2010 to 2009, overall median sales prices for SF [...]
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 San Francisco Real Estate Market – December 2010 Update 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 [...]
Read More →Buyer demand has been strong since the autumn sales season began in mid-September. Overall median home prices continue to remain stable – as they have for the past 12-16 months – jogging up and down within a narrow band of value. Inventory is about 12% higher than 1 year ago, but Months’ Supply of Inventory [...]
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) [...]
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