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 →
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 →
“If I knew where I was going to live for the next five years or 10 years, I’d buy a home and I’d finance it with a 30-year mortgage. It’s a terrific deal — If I had a way of … Continue reading →
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 … Continue reading →
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 [...]
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 [...]
Although these fall months are not typically known for high real estate activity, this year has proven otherwise, with strong pockets of movement occurring throughout the city, keeping the market active during these shorter days. Families have been rushing to purchase and settle into their new homes to prepare for the holiday season and upcoming year.
“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 growth, combined with lender and borrower caution, has increased pent-up demand.” “Beyond the implications for…
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 neighborhoods (which of themselves are often very different markets); there is also the grievous lack…
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 market with too little inventory to satisfy buyer demand. It is now common for appealing,…