Before we look at longer-term market statistical and appreciation trends in the county, this chart above looks at the ebb and flow of new inventory and sales activity during the year. New listings start pouring onto the market in February to peak in mid-spring and early summer. The jump in new inventory fuels sales activity which peaks in late spring and early/mid-summer. That is, Sonoma is just getting into full swing, and we will know a lot more about the direction of the 2017 market in a couple more months.
Where to Look to Buy for the Price You Want to Pay
The area market for houses under $1,000,000 is utterly dominated by 3 cities, while the condo market is dominated by Walnut Creek, most specifically its gated, active-senior, Rossmoor community. Moving into higher price ranges brings other cities into the picture, and in the luxury home market, $1.75 million and above, the cities of Alamo, Lafayette and Orinda become the sales leaders.
January and February constitute the slowest sales months of the year and are subject to significant seasonal issues – » Read more about: What Costs How Much Where in Diablo Valley & Lamorinda & Other Angles on Its Current Real Estate Market »
Below are 3 charts from our updated 9-chart report that breaks down which neighborhoods one is most likely to find a home within a specific price range, whether house or condo. The report covers homes from under $1 million to over $5 million.
If you want to buy a house under a million dollars, one is now mostly limited to the neighborhoods that run across the southern border of San Francisco.
The full report is here: San Francisco Neighborhood Affordability
What Can I Buy for $1,200,000 or $2,000,000?Below are illustrations of the wide range of homes (and,
Comparing the PURCHASE of a 2-bedroom, 2-bath, 1080 square foot condo at the
2016 median San Francisco sales price of $1,150,000, to the RENTAL of a comparable apartment at a San Francisco market rate of approx. $4,400 to $4,600/month rent
Median sales price per 2016 MLS sales; monthly rent based on averaging Zillow,
RealFacts & Rent Jungle asking rent data in late 2016/early 2017
Rent vs. buy calculations depend on a wide variety of financial data and projections –prevailing and future interest,