Is the Ferocious SF Market Easing a Little? October 2012 San Francisco Market Update September brought a burst of new inventory that helped satisfy some of the fierce buyer demand for San Francisco homes. Anecdotally, word on the street is … Continue reading →
Summer’s Unflagging Demand Fuels Higher SF Home Prices
San Francisco Real Estate Market: September 2012 Update Typically, the real estate market slows down during the summer months – a period often called the summer doldrums — but that certainly did not occur this year in San Francisco: unflagging … Continue reading →
What Costs How Much Where in San Francisco
San Francisco Home Values By Neighborhood, Property Type & Bedroom Count MLS Sales February 1, 2012 – mid-August 2012 The charts below apply to non-distressed home sales with at least 1 car parking. Distressed home sales — bank-owned property and … Continue reading →
San Francisco Market is Stuck
July 2012 Market Update If you wish, you may jump straight to the market charts. The SF real estate market is stuck. Stuck in high gear: huge buyer demand + the lowest interest rates in history + extremely low inventory … Continue reading →
San Francisco Housing and Rental Markets: Choose a Rock or a Hard Place
The San Francisco Association of Realtors, of which I am a member, just came out with its Market_Focus_Report for May_2012 (click to open). If you’re a seller or landlord, the news is great: home prices and rents are up, up, up. Not so good if you’re on the other side of the deal.
Home-Spotting: Second Time Around, 285 Douglass sells for $250,000 over asking
Explain this one to me please. Elegant if dowdy Victorian lists for $2.349 million in September 2010 and sits there for three months with no takers. Relists in April at $2.3 million and in contract seven days later at $250,000 over asking price. Calls to the no-doubt-jubilant listing agent for some clarification were not returned, but the only thing I can think of to explain it is a brief and bloody bidding war.
[Ed. Update: 4/14/11: Thanks to John Farnham, the listing agent, for getting back to me. There was indeed a bidding war. Won by the guy with the all-cash offer and a promise to close in 7 days. And the extra $250,000 in cash.] ...
Noe Valley Back Smartly in 2010
After nearly two years of sharp declines, Noe Valley single family home prices recovered smartly in 2010. Not enough, however, for anyone to claim that Noe Valley is somehow immune from market forces affecting the rest of San Francisco. As of December 2010, Noe Valley home prices were still down 20% from their all-time highs, almost exactly the same as prices for homes city-wide.
Here’s the chart (double click):
What’s A Better Value in San Francisco, A Condo or a Home? (Part 2)
In my last post, I included a chart that showed both single family homes and condos stuck in relatively narrow price ranges over the last 18 months or so. At the end of 2010 the median price of a single family home ($744,000) was about $80,000 more than that for a condo/TIC.
But that doesn’t tell us anything about “value.” Now, let me count the ways we could argue about what “value” means, but I think we’d agree that how each property type has weathered the market battering over the last few years has to be relevant. Take a look at this table: ...