Let’s check out the Spring market activity as we step into June – High-demand/low-inventory prevails in SF Market.
Any questions or needs, contact us anytime.
RicRoc & Callista
High-demand/low-inventory spring market brings median home sales prices bouncing back to 2018 peaks. San Francisco luxury home sales hit new monthly high.
Median Home Sales Prices
We consider 3-month rolling median sales prices to be more reliable than single month figures, » Read more about: June 2019 San Francisco Market Report »
The March 2019 Case-Shiller Index for the SF Metro Area was released today, and showed a significant jump back up in prices from the large drop that occurred in the second half of 2018.
The CoreLogic S&P Case-Shiller Home Price Index does not evaluate median sales price changes, but employs its own proprietary algorithm to measure home price appreciation over time. Since its indices cover large areas – for example, » Read more about: CoreLogic S&P Case-Shiller Home Price Index Update »
In Napa, the market typically begins to warm up in early spring, with both listing and sales volume steadily building through early-mid summer. With April’s end, we now have 2 months of spring season data unaffected by market activity at the end of 2018, when financial markets plunged. As of early May 2019, stock markets …
Continue reading “Napa County Real Estate May 2019 Report”
As we step into February, we hope you will take a moment to scroll down and review our monthly newsletter to keep abreast of the pulse of our San Francisco real estate market.
Contact us! We’re here to help you and your friends with any real estate questions … in general or specific to any property.
In the meantime, be well!
As of early February, the government shutdown is over –
» Read more about: San Francisco Real Estate Heading into the 2019 Market »
The CoreLogic S&P Case-Shiller high-price-tier Home Price Index for the 5- county San Francisco Metro Area, illustrated above by the blue line, applies best to more expensive Bay Area housing markets such as most of San Francisco, Marin, San Mateo and Diablo Valley/Lamorinda. The SF Metro low- and mid-price tiers had much more dramatic bubbles …
Continue reading “30+ Years of Bay Area Real Estate Cycles”
Let’s see what’s happening in our Autumn Market …….
- Listing inventory has climbed….
- Sales volume has dropped….
- and the numbers of price reductions and expired listings have increased….
- Luxury house sales & Luxury condos hit a new sales peak for the month of October….
- But the number of listings hit a new all-time high.
» Read more about: Mixed Signals in San Francisco Real Estate Market »
Due mostly to seasonal issues, median sales prices typically drop in Q3 from Q2 peaks, and did so this year as well. The median SF house price was up 15% and the median condo price was up 4% from Q3 2017. The other Bay Area counties also saw substantial year-over-year increases in median home sales prices in Q3 2018.
New Listings & Price ReductionsSeptember is always a big month for new listings coming on market in San Francisco –
» Read more about: San Francisco Early Autumn Market Report »
The big political issue facing the market is CA Prop 10, which, if passed in November, repeals the limits on local rent control laws enacted in the Costa-Hawkins Rental Housing Act. This would almost certainly have negative ramifications for owners of multi-unit residential properties in San Francisco and Oakland. The CA Legislative Analyst Office does a good job summarizing the issues: Prop 10 Review. Prop 10 is currently creating something of a shadow on the larger apartment building market,
» Read more about: The Multi-Unit Residential Property Markets of San Francisco, Alameda & Marin Counties »
The CoreLogic S&P Case-Shiller Home Price Index does not evaluate median sales price changes, but employs its own proprietary algorithm to measure home price appreciation over time. Since its indices cover large areas – for example, the San Francisco Metro Area is comprised of 5 counties – which themselves contain communities and neighborhoods of widely varying home values, the C-S chart numbers do not refer to specific prices, but instead reflect prices as compared to those prevailing in January 2000,
» Read more about: CoreLogic S&P Case-Shiller Home Price Index Update »