Who is San Francisco?

Every year we publish an in-depth look at San Francisco and the Bay Area told almost exclusively in charts.  The focus is not on real estate but rather on who we are, what we do, what we believe in.  While some of the charts simply confirm widely-known data– for example, that Asians as a group represent the largest minority in San Francisco (33.5%) — others reveal the most obscure and amazing things.  For example, did you know that there are almost as many dogs in San Francisco as there are trees?  Coincidence you say?  You can find all 32 charts, with links to dozens more, here.  I’ve cherry-picked some of my favorites below (Click the charts to expand them). ...  Additional Details

The 2017 San Francisco Real Estate Wrap-Up: Data Sliced and Diced

2017 is a wrap, and it’s been another solid one for residential real estate in the City by the Bay.  For anyone so inclined you can read our full report —  complete with over 41 charts— here.  For those with less than a couple of hours to kill, I’ve sliced and diced the juiciest parts below.

Going Up

2017 was the seventh year in a row that the median price for a single family home in San Francisco increased.  It’s now over $1.4 million.  After taking a breather for the last couple of years, condominium prices also resumed their climb: their median price is $1.150 million.  Our data indicates that fourth quarter prices for both homes and condos are already above these figures. ...  Additional Details

Winter: The Best Time of Year — for Buyers

I wanted to entitle this newsletter “Winter is Coming,” but decided that comparing buyers to the Dead Walkers might not go down well.  Besides, it’s buyers that have been getting the short end of the, um, spear for years now.  Prices really took off in 2012; with inventory relentlessly low (see my previous newsletter, it’s been a seller’s market ever since.

But everything slows down in winter.  There’s (even) less inventory, and buyers — being human — batten down the hatches from approximately Thanksgiving through early February.  Who wants to be out house-hunting when the weather’s turned cold and dreary? Besides, everyone is either preparing for or recovering from the Holidays. ...  Additional Details

Here’s What’s Really Sustaining the San Francisco Real Estate Market

As I was getting ready to send out yet another newsletter showing further year over year gains in home prices(see first two charts below for single family homes and condos, respectively), I took a closer look at a chart that focuses on the supply side of the supply/demand equation.

August Median Sales Price
August Median Sales Price

“New Listings Coming On the Market”  is the simplest indicator of how many homes are being put up for sale in any given time period.  Take a look at the chart below, which tracks new listings (homes, condos, etc.) on a rolling 12 month basis.  ...  Additional Details

It’s Official: San Francisco Housing Market Reignites

In last month’s newsletter, I said that initial signs pointed to a newly robust Spring housing market after evidence that prices had flattened somewhat — especially for condominiums — in 2016. The data gathered through May confirms that conclusion.

The median house sales price jumped to $1,500,000, its highest point ever, about $100,000 (7%) above its previous monthly peak. The SF median condo sales price also hit a new peak at $1,200,000, $20,000 (1.7%) above its previous high.

Spring Has Sprung Once Again in San Francisco’s Housing Market.

Between 2012 and 2015, the median price of a single family home in San Francisco increase by around 70% as we came out of the Great Financial Crisis. Condominium prices increased by around 55% during the same period.

San Francisco Home Price Appreciation

It’s not surprising, then, that the market took a breather and leveled off a bit during 2016. However, along with the return of warmer, dryer weather, buyers seem to be returning to the market in droves, and there is simply not enough inventory to meet demand. While it’s still a little too early to tell, our data suggests that things are heating up again. ...  Additional Details

Happy Holidays

Here are some of my favorite photos from 2016: from a trip to Death Valley in February to see the super-bloom, and the rest from our family trip to Peru where we did the Inca Trail among other things. Somehow Luna the Wonderdog got in there too, carrying flowers home on 24th Street.

We’ll take a detailed look at 2016 when all the data is in early next year. Let me take this opportunity to wish you all a joyful 2017. And thank you all for your continued readership and positive feedback for this newsletter. Keep it coming! ...  Additional Details

San Francisco’s Hottest Neighborhoods: Not Where You Might Think

Noe Valley? Bernal Heights?  Those are so yesterday.  Maybe you’re thinking Bayview/Hunter’s Point as people search out more affordable housing at the city’s edges.

Well, you’re right about the edge but wrong about the direction.  Based on our recent analyses, San Francisco’s “hottest” neighborhoods are also some of its foggiest: go west to the Sunset and its more southerly counterpart, Parkside.

Now admittedly, together these comprise a lot of smaller neighborhoods.  Many would object to, say, the Inner Sunset with its vibrant retail scene centered on 9th Ave and Irving, being lumped in with the quieter environs of the Outer Sunset.  Fair enough:  our analysis is really of MLS Districts, rather than individual neighborhoods, but it’s no less telling for that. ...  Additional Details