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Posts Tagged "Market News"

What Costs How Much Where in San Francisco

Median sales price is that price at which half the sales occurred for less and half for more. Average dollar per square foot reflects the livable interior space of a home and does not include garages, storage, rooms built without permit, decks or outdoor space – not all sales report square footage, and interior square footage can be measured in…read more →

2018 YTD: A Wild Ride for San Francisco Real Estate

By any measure, the heat of the San Francisco market in the first half of 2018 has been among the most blistering ever. Probably only 3 or 4 other periods over the past 50 years have seen a comparable intensity of buyer demand vis a vis the supply of listing inventory available to purchase. This despite both significant increases in…read more →

Bay Area Market Survey: From Billionaires in Mansions to Flippers & Fixer-Uppers

The county and city appreciation percentages in the chart above were calculated by averaging changes in both median sales prices and average dollar per square foot values. We also incorporated S&P Case-Shiller SF metro area calculations based upon its algorithm breaking the market into thirds by price segment. Each city and county includes within itself a wide variety of individual…read more →

Affordability & the Cost of Housing in the SF Bay Area

The California Association of Realtors recently released its Housing Affordability Index (HAI) for the 1st quarter of 2018, which measures the percentage of households that can afford to buy the median priced single family dwelling (house). In this analysis, affordability is affected by 3 major factors: county median house price, mortgage interest rates, and the distribution of household incomes within…read more →

San Francisco Luxury House, Luxury Condo, Co-op and TIC Markets

As seen in the chart below, so far in 2018, SF luxury home sales have been very strong, higher than in any previous year since the recovery began in 2012. The recent stock market volatility notwithstanding, the economic confidence that has been sweeping the nation is also showing up in our luxury home markets. For example, as of February 16th,…read more →

SF Residential Newsletter: Hottest SF Neighborhood Markets

Before discussing neighborhood values, appreciation rates and market cycles, here are 3 overview charts on the entire city market. Citywide Home Values & Trends On a 3-month-rolling basis, median home sales prices in San Francisco yet again hit new highs in April 2018: The median house sales price jumped $55,000 over the March price to hit $1,665,000, and the median…read more →

San Francisco Bay Area S&P Case-Shiller Home Price Updates

Since Case-Shiller Indices cover large areas – 5 counties in the SF Metro Area – which themselves contain communities and neighborhoods of widely varying home prices, the C-S chart numbers do not refer to specific prices, but instead reflect home prices as compared to those prevailing in January 2000, which have been designated as having a value of 100. Thus these charts are…read more →

Yet Another Dramatic Jump in San Francisco Median House Price to over $1,600,000

Consumer confidence is still soaring, and buyers continue to push aside concerns about recent financial market volatility, federal tax law changes affecting Bay Area homeowners, and interest rate increases, to fuel heated neighborhood markets throughout San Francisco. Houses have become the scarce commodity in San Francisco: Few new houses are built in the city anymore, and house owners are selling…read more →

Bay Area Real Estate Market Cycles

Out of recession comes recovery; recovery builds into market over-exuberance; over-exuberance leads to negative adjustment; negative adjustment sparks recession. Begin again.The scale, length and triggers of each part of different financial and real estate cycles can vary dramatically, but the stages and their sequence tend to be quite similar. NOTE: This is a condensed version of our much longer, full…read more →

Economic Context Factors Underlying Housing Markets

The real estate markets in the SF Bay Area are parts in an overall economic reality that includes a number of financial, demographic and psychological components – all of which are impacting each other in constantly changing ways. Some are local, and others reflect national or even international events or trends. They often run in parallel, but can also diverge…read more →