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 […]
What’s Causing San Francisco Listing Inventory to be Low?
Lately, there have been articles everywhere about the reasons by sellers aren’t selling which is creating the drastically low inventory situation. Some of these reasons, we believe, do play a role and many do not. What is rarely mentioned is that by far the biggest factor behind declining inventory, i.e. the choice a buyer has […]
San Francisco Bay Area Appreciation, Surprise, Surprise!
The December Case-Shiller Index was released, still generally reflecting the plateauing of home values from the end of the 2014 spring market through the end of the year. Preliminary indications point to another feverish spring market in 2015, which typically translates into another burst of home price appreciation. These 2 charts reflect the “high-price tier” […]
New Case-Shiller: Bay Area Home Prices Tick Up a Little
After the feverish spring 2014 market, home prices in the high-price tier – which applies best to San Francisco and Marin counties – flattened and then ticked down a little, while more affordable home segments continued to tick up: It’s not unusual for the market to cool off and plateau during the summer months. The […]
How Does San Francisco Spend Their Money?
The New York Times had an interesting analysis of how people spend money on discretionary or status items in different metro areas as compared to the national average. I thought it would be fun to pull out the Bay Area metro data:
We Are At It Again!
This chart shows the top 6 residential brokerages in San Francisco. Paragon is the only one to increase its number of MLS transactions year over year. (For the period, Paragon and CB are basically tied for 3rd place for number of sales behind Zephyr and PU.)
December Is The Time To Buy!
This chart below reminds us that the balance of power between buyers and sellers (especially of listings that came on in October or earlier) shifts during the holiday season, and the SP-OP drops dramatically for sales negotiated during that period. The SP-OP for those listings that had already had one or more price reductions (not […]
Too Bad About Our Competition :(
Two market share charts, the data is straight from Broker Metrics for SFD, condo, co-op, TIC and 2-4 unit sales. It was a very tough summer for most of our competition. 🙁 Dollar Volume Home Sales, summer 2014 vs. summer 2013. Total dollar volume sales in SF over the summer were up about 1% year […]
