Happy New Year everyone! It’s been nearly three years since the Covid pandemic hit the world. Back in March 2020, as San Francisco’s streets became eerily quiet, it might not have been wrong to predict an apocalyptic end to the modern world and city life in particular à la Station 11, ( I highly recommend the Amazon Prime series). As people fled the city and its density, predictions for SF’s real estate collapse propagated faster than new Covid variants.
Fast forward to mid-2022: both house and condo prices hit records of $2 and $1.3 million respectively. For the full year, the median house price ended down just 1% from the all-time high set in 2021; condos ended down just 2% from the previous year. Covid, Schmovid, you might say. ...