“June Gloom” has arrived in San Francisco. We’re talking about the weather, not the housing market, though buyers may well continue to feel gloomy as the market shows no signs of letting up. Both condo and home prices continue to hit record highs, with the average home selling for 10% over the original asking price.
There may be a typical summer slowdown (reflected in the trailing drop in third quarter numbers above) as the
Photos and content regarding retail activities in West Portal have been generously provided by LostinSF.com, the only French-American insider’s guide to San Francisco and the Bay Area. The French version of this article can be found here.
Named after the western entrance to a transit tunnel completed a century ago, the quiet neighborhood of West Portal is proud of having been overlooked by much of the frenzied redevelopment going on in many other parts of San Francisco. No big white Google or Apple buses prowl the streets here. You want bars filled with 20 somethings ordering $12 cocktails and artisan beers? Head downhill to the warmer climes of the Mission. Here, in the foggy western shadow of San ...
I’ve been opining for some time that many of San Francisco’s previously overlooked neighborhoods are seeing rapid home-price appreciation as buyers are being priced out of their first and second choices. I now have data to confirm it.
When the SF market recovery began in 2012, the more affluent neighborhoods led the way in rapid home-price appreciation. This is what you’d expect to happen as the “haves” tend to see their prospects improve before the “have nots.” But starting in 2014, the more affordable neighborhoods have taken the lead. Of course, there are few places outside San Francisco where houses of $1.2 million would constitute the “affordable” segment of the market, but as median house prices in the greater Noe, Eureka & Cole Valleys area ...
All work and no play makes Misha a dull boy. Anyone that knows me knows that one of my passions is cooking. I wish I could get to more of these farmers’ markets than I do. They’re a credit to this wonderful city we live in.
It’s easy to sympathize with potential buyers who are sitting the market out in the hope that … “sanity will prevail” …”…the market will stabilize…” “…prices have to come down sooner or later….” Alas, for buyers at least, our analysis indicates the contrary: 2015 looks like it’s getting off to a very strong start.
Below are key takeaways from our recent analysis of sales trends over the last few months, which include the seasonally quiet year-end holiday period, along with what we’ve been seeing since the start of the year. These preliminary statistics, and, even more so, reports “from the trenches,” suggest that we may well be looking at the fourth intense spring season since the market recovery began in early 2012. ...
Happy New Year, one and all! What happened in San Francisco real estate in 2014? Three years into SF’s booming recovery, inventory remains at record lows and prices approach or exceed record highs across most of the city. End of story. Goodbye.
In some respects, the story really is that simple. But here at RealDataSF we know our readers want the details. So in this month’s issue, we’ll look at what’s
After the feverish spring 2014 market, home prices in the high-price tier – which applies best to San Francisco and Marin counties – flattened and then ticked down a little, while more affordable home segments continued to tick up: It’s not unusual for the market to cool off and plateau during the summer months. The October 2014 Case-Shiller Index just released (on December 30), begins to reflect the autumn selling season, which starts after Labor Day: The market typically begins to heat up again in autumn. (Note that transactions negotiated in September generally start closing in October.) ...