Another Hot Spring Market in San Francisco Real Estate!
The new February Case-Shiller Home Price Index reports for the Bay Area, released today, reflect what appears to be the very beginning of another strong spring market. All home price tiers saw spikes to either their highest points since 2007 (low and mid-price tiers), or their highest point ever (high-price tier). What we are seeing on the ground in the hurly-burly of current deal-making leads us to believe that the next 2 to 3 months of C-S Index reports will show further home-price increases.
For the past 3 years, the spring selling seasons have seen the most significant jumps in appreciation as surging buyer demand has competed for a severely inadequate supply of homes for sale.