There was continued median home price appreciation throughout the Bay Area in 2017, with Sonoma County seeing a noteworthy jump in the fourth quarter due to heightened demand after the tragic fires. From the 3rd to 4th quarters, the house median sales price increased 5%, and condos saw a particularly large percentage increase of 11%. (See third chart below.) However, too much should not be made of short-term data until substantiated over a longer term.
Another strong year in real estate, with continued median home price appreciation in Marin, and indeed throughout the Bay Area. Additional chart: Bay Area Median Home Price Trends by County The chart below, based on CoreLogic S&P Case-Shiller Index data, tracks general price appreciation trends of house in the upper third of prices in the …
The median SF house sales price in 2017 was $1,420,000 (up from $1,325,000 in 2016), and for condos, it was $1,150,000 (up from $1,095,000). Looking just at the 4th quarter, median prices were $1,500,000 for houses (up from $1,350,000 in Q4 2016) and $1,185,000 for condos (up from $1,078,000) respectively.
The chart below,
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 broad generalizations about appreciation (or depreciation) trends: for example,