Spring Arrives in Noe Valley and Home Sales Warm Up

January is the cruelest month for the housing market. Every winter, sales flatline for a month or two, before reviving with the spring.

This year, there were just seven sales in Noe Valley (Subdistrict 5.C) in January and February.  That’s the worst showing in my data set, which goes back to 2003.  Things picked up smartly, however, in March.  Take a look (double click the chart).

Homes vs. Condominiums: How much extra do you pay?

Recently, I blogged about the fact that condominiums seemed to be holding up better than single family homes in terms of their decline from their all-time highs.

At the same time, I noted that there was only about $100,000 difference in median value between condos and homes.  That seemed like a small delta and I was interested to see whether it was, historically speaking.  Turns out that it is.

Since, until recently (ahem!), home prices along with everything else have tended to go up, I decided not to look simply at the difference in price between condos and homes.  Instead, I converted the price difference to a percentage of the median value of condos sales for the given period.  This represents the “premium” for owning a home rather than a condo.  Here’s the result. ...  Additional Details

Update to Halloween Horror: Did it just get scarier….??

The day after I posted my take on the Case-Shiller Index, they came out with July’s report (they’re always trailing three month averages) showing a continuing decline in the San Francisco MSA.  Wait for it:  down 27.3% from July 2007.  Are we worried?  Not that much.  Why not?  Read my October 27 blog:  “San Francisco” means most of the Bay Area when it comes to the Case-Shiller Index.

You want scary?  Median prices are down 45% year over year in Contra Costa County. ...  Additional Details

Cool new blog with an analytical approach

I came across a great post analyzing condo prices in Pacific Heights at TheFrontSteps.com.  Source of the article is a new blog Inside SF Real Estate, very much of the same philosophy as I believe in:  independent analysis, hard fact, no bs.  I’m adding them to my blogroll today.

They also have a great chart and article focusing on Noe Valley condo and home prices (wish I’d done it first 🙁 ).  Go take a look.  And good luck Arrian!

Still Getting The New Blog Up and Running

Please be patient on the lack of content here.  I’ve been making a concerted effort to integrate an easy-to-use blog page with the more static content on my previous website, along with the really great market data that I want to be able to present to you on a monthly basis.  For market data, please take a look at my Market Trends page and click on the links that interest you.  It’s not quite where I want it to be, but it’s getting there.

Back at you soon.