3rd Quarter 2014 Market Report
San Francisco House & Condo Values
Which Neighborhoods Dominate Home Sales?
Who Is Buying the City’s Luxury Condos and Why?
September saw the largest surge of new listings coming on market in the past 2 years, which led to a big jump in deal-making, but data on transactions negotiated in September won’t be available until most close escrow in October and early November. In the meantime, we’ll look at the last 2 quarters.
Median Sales Prices
& Average Dollar per Square Foot
The following 2 charts look at current and longer-term trends in home values. As is common, median house sales prices dropped a bit in the 3rd quarter – this is due mostly to seasonality issues – though condos have held steady for 3 quarters now at $950,000. Dollar per square foot values have continued to increase to new peaks: This metric is particularly being impacted by new-development condo sales, which are breaking dollar per square foot records virtually everyplace they’re being built.
If you wish to drill down on values in very specific city neighborhoods, we recently updated our interactive map, which can be found here: SF Home Price Map ...
Freshly updated map of what’s going up around town
Interested in what’s happening with new developments in San Francisco? Click the link below to view the interactive map…
http://www.parascopesf.com/development-map/
Source : Parascopesf.com
Case-Shiller sees small drop in Bay Area home prices in July – 3 charts included
The S&P Case-Shiller Home Price Index for July 2014 was released today, and indicated a small – less than 1% – dip in high-price-tier houses. (The Case-Shiller aggregate Index for all Bay Area home price tiers dropped even less, about 4 tenths of a percent.)
For the past 3 years, home prices have surged in the spring and then plateaued during the summer. It is too early to speculate whether home prices are trending down a bit after the spring market frenzy, which is certainly possible. For any definitive sense of home price trends, we will have to wait until the autumn-selling season numbers are in. Autumn this year began with a big surge in the number of new listings in September. ...
Autumn Selling Season Begins & New Listings Surge in San Francisco
Coming out of the summer slowdown, the last big sales season of the year runs from early September to mid-November (when the market usually retreats into semi-hibernation until mid-January). September is typically the single month with the highest number of new listings and this year, it started out with a bang: 300 new listings hit the market in the first week after Labor Day. As a point of comparison, May, the biggest new-listing month YTD, had a total of 720.
A list of San Francisco’s most recent listings can be found here, easily sortable by neighborhood, property type and price: New Home Listings ...
Updated S&P Case-Shiller Home Price Index for San Francisco Metro Area
The Case-Shiller Index for the San Francisco Metro Area covers the house markets of 5 Bay Area counties, divided into 3 price tiers, each constituting one third of unit sales. Most of the San Francisco’s and Marin’s house sales are in the “high price tier”, so that is where we focus most of our attention.” The Index is published 2 months after the month in question and reflects a 3-month rolling average, so it will always reflect the market of some months ago. June’s Index was released on the last Tuesday of August. ...
Seasonality in the San Francisco Homes Market
Seasonality in the San Francisco Homes Market
August 2014 Report by Paragon Real Estate Group
Seasonality typically affects inventory levels, buyer demand and median home prices, often in significant ways – as is illustrated in the following charts. However, it is not the only factor affecting market conditions and trends – general economic conditions, new construction projects coming on market, sudden changes in interest rates, stock market IPOs, natural and political events, and other factors can and do impact the market as well. It should also be noted that new listings and new sales occur every month of the year – and sometimes, depending on prevailing market conditions and the specific property, buying or selling during the slower periods can be the smart strategy. ...
Bay Area Home Price Report
Bay Area Real Estate Values
Bay Area Luxury Home Sales
San Francisco Home Prices by Neighborhood
August 2014 Report by Paragon Real Estate Group
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Bay Area Home Prices – Mapped
Our updated map of comparative house values around the Bay Area: The trend virtually everywhere around the Bay has been continued appreciation since the recovery began in earnest in early 2012. Please note that median sales prices and average dollar per square foot values are statistical generalities that may fluctuate for a number of reasons. ...