Tag: city of san francisco

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New Case-Shiller Index Report

The Case-Shiller Index for March just came out and showed a big jump, just beginning to reflect the surge in appreciation we’ve been experiencing in 2013. (January and February Index readings mostly reflect sales in late 2012.) The March reading was 3.5% higher than February (last month) and 15% higher than March 2012.

The Index is for the 5-County SF Metro Area, not just for the city of San Francisco, and since it reflects a 3-month rolling average, is published 2 months later and sales close 4-8 weeks after the offers are negotiated, it is typically 3-5 months behind the actual market on the street. I would expect another significant jump in April’s Index.

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The complete Paragon report on the Case-Shiller Index is here: http://www.paragon-re.com/Case_Shiller_Index_Deciphered_for_SF

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November Case-Shiller Index Released

The Case-Shiller Index just released their November report, which is reflected in the two charts below. Remember that this is for the top third of sales price-wise in the 5-county San Francisco “metro statistical area.” The city of San Francisco has recovered more quickly and dramatically than the 5-county area as a whole.

Each month, Case-Shiller recalculates the price ranges of the low, middle and top tiers (thirds) of sales by the number of units sold. One indication of what has happened over the past year is that in December of 2011, the top third (“High-Tier”) of sales started at a sales price of $573,000; in November 2012, the top third of sales started at $685,000.

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http://my.paragon-re.com/Docs/General/SixtyFortyImages/Case-Shiller_from_1990.jpg

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Our in-depth analysis of the Case-Shiller Index can be found online here: http://www.paragon-re.com/Case_Shiller_Index_Deciphered_for_SF

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October Case-Shiller Index Released

This is for the high-price-tier index for the 5 county San Francisco Metro Statistical Area (MSA). The home values of the city of San Francisco itself (not reflected on the two charts below) went up more in run up to the financial markets crash of 2008, then declined less with the crash and now is recovering more quickly in 2012, than the entire 5 county MSA market.

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Case-Shiller High-Tier Home Price Index Highest Since December 2008

The July report of the Case-Shiller Home Price Index was released today. All price tiers for the 5-County San Francisco Metro Statistical Area increased. The high-tier price index, which best applies to the city of San Francisco itself, hit its highest point since December 2008.

Recent trends by month, 2011-2012:

Annual trend line since 1996:

Simplified trend line since 1982:

A more detailed explanation of the Case-Shiller Index can be found here: http://www.paragon-re.com/Case_Shiller_Index_Deciphered_for_SF

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Case-Shiller June Index Released Today

The June S&P Case-Shiller Index report released today continued to reflect the surge in Bay Area home values. Remember that Case-Shiller measures house values in a 5-county area and generally reflects the heat of the market 4-6 months ago. So far in 2012, the city of San Francisco itself is outperforming the 5-county area.

Our full report on Case-Shiller is online here: http://www.paragon-re.com/Case_Shiller_Index_Deciphered_for_SF