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Here’s What’s Really Sustaining the San Francisco Real Estate Market

As I was getting ready to send out yet another newsletter showing further year over year gains in home prices(see first two charts below for single family homes and condos, respectively), I took a closer look at a chart that focuses on the supply side of the supply/demand equation.

August Median Sales Price
August Median Sales Price

“New Listings Coming On the Market”  is the simplest indicator of how many homes are being put up for sale in any given time period.  Take a look at the chart below, which tracks new listings (homes, condos, etc.) on a rolling 12 month basis. 

Continue reading “Here’s What’s Really Sustaining the San Francisco Real Estate Market”

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Online Resources for Just About Anything You Want to Know about San Francisco Real Estate

Market and Transaction Resources

About San Francisco

Schools & City Services


Legal Articles

  • TICs, Condo Conversion, Landlord-Tenant Law, Holding Title
Continue reading “
Online Resources for Just About Anything You Want to Know about San Francisco Real Estate
“

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The Cost of a Hot Economy in California: A Severe Housing Crisis

Today’s NY Times talks about the California housing affordability crisis and how the state is considering legislation to make it harder for opponents of developments to create roadblocks to projects that otherwise fit within a locality’s zoning laws. There’s finally a movement of “YMBY’s” That are saying “yes” to greater density – which is really the main issue – because they understand that sprawl is the enemy of the environment in so many ways. In San Francisco, that’s resulting in projects that, for example, don’t require parking for each unit – a recognition that younger buyers are abandoning cars in favor of car-sharing and public transport. Continue reading “The Cost of a Hot Economy in California: A Severe Housing Crisis”

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It’s Official: San Francisco Housing Market Reignites

In last month’s newsletter, I said that initial signs pointed to a newly robust Spring housing market after evidence that prices had flattened somewhat — especially for condominiums — in 2016. The data gathered through May confirms that conclusion.

The median house sales price jumped to $1,500,000, its highest point ever, about $100,000 (7%) above its previous monthly peak. The SF median condo sales price also hit a new peak at $1,200,000, $20,000 (1.7%) above its previous high. Continue reading “It’s Official: San Francisco Housing Market Reignites”

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Meet The Expert – ‘Everything You Wanted to Know About Buying a Home in San Francisco’

JUNE 08, 2017

(*But were afraid to ask!)

ABOUT THE TOPIC

Join Misha Weidman, J.D., Broker Associate and Attorney at Paragon Real Estate Group, for a lively and informative discussion about the essentials of buying a home in San Francisco. Here are just some of the questions he will address: Continue reading “Meet The Expert – ‘Everything You Wanted to Know About Buying a Home in San Francisco’”

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Spring Has Sprung Once Again in San Francisco’s Housing Market.

Between 2012 and 2015, the median price of a single family home in San Francisco increase by around 70% as we came out of the Great Financial Crisis. Condominium prices increased by around 55% during the same period.

San Francisco Home Price Appreciation

It’s not surprising, then, that the market took a breather and leveled off a bit during 2016. However, along with the return of warmer, dryer weather, buyers seem to be returning to the market in droves, and there is simply not enough inventory to meet demand. While it’s still a little too early to tell, our data suggests that things are heating up again. Continue reading “Spring Has Sprung Once Again in San Francisco’s Housing Market.”

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How Does San Francisco Compare to Other Bay Area Markets?

While we wait for the rain to stop and for the market to give some sign of its direction this spring, let’s take a look at what’s going on around us.

We’ll start with a look at single family homes.  I was surprised to see San Mateo running neck-and-neck with SF, and ahead of Santa Clara, Marin, and LaMorinda/Diablo Valley (Diablo).  I suspect that’s both because ritzy communities like Atherton and Hillsborough bring up the median values and because there are relatively few low-priced neighborhoods.  Continue reading “How Does San Francisco Compare to Other Bay Area Markets?”