Mapping the Spread of the Million Dollar Home in the Bay Area

Thanks to my well-read friend at The Economist for sending me this fascinating infographic.

You can find the full article here at The Atlantic. Their choice of Westwood Park as their poster-neighborhood is an interesting one. On the one hand, it’s a tiny area tucked in to the west of City College between Monterey and Ocean Avenue and it’s not exactly a household name, even to longtime SF denizens. On the other hand, the statistics are impressive: four years ago, according to the article, just 2.9% of its homes cost $1 million or more. Today, 96% of them do. ...  Additional Details

The 2015 San Francisco Real Estate Wrap-Up

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Happy New Year everyone!  San Francisco residential real estate recorded another year of double-digit appreciation last year.  Our Chief Market Analyst has been busy slicing and dicing the data every which-way, and has created over 20 charts that serve up the market from soup to nuts (which, is exactly how some people view it!).  You can experience the full meal at Paragon Real Estate Group’s main website.  I’m doing the prix fixe menu here for those with less time and/or appetite. ...  Additional Details

It’s Now a Buyers’ Market for Higher End Homes and Condos

“Months’ Supply of Inventory,” or MSI, shows the theoretical number of months needed to “absorb” available homes for sale in a given month based on the number of homes going into contract in a given month. The shorter the time period, the stronger the market for sellers, leading to upward pricing pressure.  Longer time periods indicate slower absorption and a buyers’ market.

The chart below illustrates the dramatic difference in MSI for homes up to the median price ($1.3 million for houses, $1.1 million for condos) and in the next price segment higher, versus the luxury home segment, defined here as houses selling for $2,000,000+ and condos for $1,500,000+. (By this definition, luxury sales currently make up about 20% of San Francisco’s home sales.) ...  Additional Details

Real Data SF – July 2013 Newsletter: Of Bubbles and Froth

The other day I was talking to a business-savvy fellow who has been looking to get into the real estate market since 2009. Back then, he recounted, everyone thought he was crazy to want to buy something. Ultimately he didn’t. Recently I introduced him to some clients of mine who were looking to partner up with someone on a “fixer” project. Surveying the $1 million prices “fixers” seem to be going for, he used the words “bubble” and “frothy” to describe what’s going on in SF right now. ...  Additional Details