Market News

San Francisco Home Prices, Market Conditions & Trends January 2023

San Francisco Home Prices, Market Conditions & Trends January 2023

In 2022, the market saw a dramatic shift from Q2 (spring), at which time the market peaked after a dramatic 10-year upcycle supercharged at its end by the pandemic boom, through the 2nd half of the year, when the market ...
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San Francisco Home Prices, Market Conditions & Trends December 2022

San Francisco Home Prices, Market Conditions & Trends December 2022

The changes in market dynamics that began in late spring/early summer 2022 generally continued in autumn due to the ongoing economic headwinds, including high inflation and interest rates, reduced consumer confidence, and volatile stock markets, though all have fluctuated significantly ...
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San Francisco Home Prices, Market Conditions & Trends November 2022

San Francisco Home Prices, Market Conditions & Trends November 2022

After a brief rebound in market activity in August, pursuant to what turned out to be a very temporary decline in interest rates and an associated rebound in financial markets, macroeconomic conditions shifted again – with interest rates climbing rapidly ...
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San Francisco Home Prices, Market Conditions & Trends October 2022

San Francisco Home Prices, Market Conditions & Trends October 2022

Virtually across the Bay Area, Q3 median sales prices retreated dramatically from their spring peaks, and SF was hit harder than most area markets. Part of this was due to seasonal trends – median sales prices often peak for the ...
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San Francisco Home Prices, Market Conditions & Trends September 2022

San Francisco Home Prices, Market Conditions & Trends September 2022

In early August, we mentioned agents reporting that buyer activity – renewed interest in getting back into the market, visits to open houses, and so on – was picking up due to a number of issues: Price reductions, less competition, ...
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San Francisco Home Prices, Market Conditions and Trends August 2022

San Francisco Home Prices, Market Conditions and Trends August 2022

Across the Bay Area, markets have continued to slow and cool. As illustrated in this report, dramatic changes in demand, inventory, overbidding, price reductions, and year-over-year appreciation rates have usually occurred. The post San Francisco Home Prices, Market Conditions and ...
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San Francisco Home Prices, Market Conditions & Trends August 2022

San Francisco Home Prices, Market Conditions & Trends August 2022

Leaning into Market Headwinds, Year-over-Year Appreciation Rate Falls. The impacts of this year’s severe economic headwinds – soaring inflation and interest rates, stock market declines, fears of recession – on Bay Area real estate markets are speeding up. The first ...
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San Francisco Home Prices, Market Conditions & Trends July 2022

San Francisco Home Prices, Market Conditions & Trends July 2022

Leaning into market headwinds, year-over-year appreciation rate falls. The impacts of this year’s severe economic headwinds – soaring inflation and interest rates, stock market declines, fears of recession – on Bay Area real estate markets are speeding up. The post ...
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San Francisco Home Prices, Market Conditions & Trends June 2022

Sales are declining, and the numbers of active listing and price reductions are increasing. But the homes that are selling are still, on average, selling for well over asking: Median sales prices and year-over-year appreciation rates remain high. The post ...
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San Francisco Home Prices, Market Conditions & Trends May 2022

In April 2022, the Bay Area continued to see appreciation, overbidding and days-on-market reflecting extremely intense demand. But sales are a lagging indicator reflecting offers accepted 3-6 weeks earlier, April sales mostly reflect buyers who locked in mortgage rates before ...
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San Francisco Home Prices, Market Conditions & Trends April 2022

Soaring interest rates & housing costs; continuing strong demand, low inventory of house listings and high market velocity. Sales were robust in Q1 for all property types, but the supply of house listings in particular was very low.  The post ...
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San Francisco Home Prices, Market Conditions & Trends March 2022

So far in 2022, Bay Area real estate markets appear largely unfazed by higher interest rates, volatility in financial markets, and troubling international events.  ...
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San Francisco Home Prices, Market Conditions & Trends February 2022

2021 was one of the most frenzied real estate markets ever, with buyer demand far exceeding the supply of listings available to buy – and all the usual indicators, including home price appreciation trends, reflected this severe imbalance. As is ...
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San Francisco Home Prices, Market Conditions & Trends January 2022

Seasonal fluctuations are common and it’s not unusual for median sales prices to peak for the year in spring Q2. Longer-term trends are more meaningful than short term changes. The post San Francisco Home Prices, Market Conditions & Trends January ...
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San Francisco Home Prices, Market Conditions & Trends December 2021

November and December typically see very significant seasonal slowdowns in market activity and in January, we will issue our 2021 market review, looking back at what has certainly been one of the highest demand markets in history. The post San ...
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San Francisco Home Prices, Market Conditions & Trends November 2021

The post San Francisco Home Prices, Market Conditions & Trends November 2021 first appeared on Paragon Specific ...
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San Francisco Bay Area Real Estate Markets since 1990

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San Francisco Home Prices

San Francisco Home Prices, Market Conditions & Trends October 2021

The post San Francisco Home Prices, Market Conditions & Trends October 2021 first appeared on Paragon Specific ...
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San Francisco Home Prices, Market Conditions & Trends October 2021

The post San Francisco Home Prices, Market Conditions & Trends October 2021 first appeared on Paragon Specific ...
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San Francisco September 2021 Report: Sales, Prices, Trends

Economists generally believe there should be a rational equilibrium in the cost of housing of different housing types. But after the pandemic hit, supply and demand shifted dramatically: SF median house prices are now up 13%, condo prices are flat, ...
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San Francisco September 2021 Report: Sales, Prices, Trends

Economists generally believe there should be a rational equilibrium in the cost of housing of different housing types. But after the pandemic hit, supply and demand shifted dramatically: SF median house prices are now up 13%, condo prices are flat, ...
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Bay Area Housing Affordability, Q2 2021

A 3 month rolling trends will illustrate market seasonality – typical seasonal ups and downs in median prices – as well as broad, longer-term trends. The Q2 2020 to Q2 2021 decline in mortgage interest rates was a positive factor ...
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Bay Area Housing Affordability, Q2 2021

A 3 month rolling trends will illustrate market seasonality – typical seasonal ups and downs in median prices – as well as broad, longer-term trends. The Q2 2020 to Q2 2021 decline in mortgage interest rates was a positive factor ...
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San Francisco August 2021 Market Report: Sales, Prices, Trends

In the first 6 months of 2021, over $6.7 billion in home sales were reported to MLS in San Francisco, 49% above the previous peak in 2018.  The post San Francisco August 2021 Market Report: Sales, Prices, Trends first appeared ...
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San Francisco July 2021 Report: Sales, Prices, Trends

Approximately 3,885 MLS sales occurred in the six months through mid-June 2021. 54% of MLS sales ere condos, 38% were houses, 6% TICs, 1% co-ops and 1% townhouses. Seasonal fluctuations are common and it’s not unusual for median sales prices ...
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San Francisco June 2021: Home Sales, Prices, Trends

Condo sales volume hits new peak; luxury condo and house sales hit new highs; inventory of listings declines amid heated demand: Another ferocious spring selling season in San Francisco. The post San Francisco June 2021: Home Sales, Prices, Trends first ...
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San Francisco Real Estate Market May 2021 Report

The post San Francisco Real Estate Market May 2021 Report first appeared on Paragon Specific ...
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San Francisco Real Estate Market May 2021 Report

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San Francisco Real Estate Prices & Market Conditions April 2021

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San Francisco Real Estate Prices & Market Conditions April 2021

The post San Francisco Real Estate Prices & Market Conditions April 2021 first appeared on Paragon Specific ...
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Bay Area Real Estate – 1 Year After the Pandemic Hit

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Bay Area Real Estate – 1 Year After the Pandemic Hit

The post Bay Area Real Estate – 1 Year After the Pandemic Hit first appeared on Paragon Specific ...
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San Francisco Real Estate Market Accelerates March 2021 Report

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San Francisco Real Estate Market Accelerates March 2021 Report

The post San Francisco Real Estate Market Accelerates March 2021 Report first appeared on Paragon Specific ...
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San Francisco Real Estate as 2021 Begins

Our January report focused mostly on 2020’s annual statistics. This report will put most of its attention on quarterly and monthly indicators, which better illustrate changes occurring as 2020 progressed and 2021 began. Of Bay Area counties, San Francisco was ...
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San Francisco Real Estate as 2021 Begins

Our January report focused mostly on 2020’s annual statistics. This report will put most of its attention on quarterly and monthly indicators, which better illustrate changes occurring as 2020 progressed and 2021 began. Of Bay Area counties, San Francisco was ...
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San Francisco Real Estate in 2020

Pandemic, shelter in place, mass unemployment, terrible financial hardships for many households and small businesses, new ways of working, office buildings empty, people move, rents plunge, dreadful fires, an anxious presidential election, interest rates to historic lows, stock markets to ...
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San Francisco Real Estate in 2020

Pandemic, shelter in place, mass unemployment, terrible financial hardships for many households and small businesses, new ways of working, office buildings empty, people move, rents plunge, dreadful fires, an anxious presidential election, interest rates to historic lows, stock markets to ...
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A Strange Year Begins Winding Down December 2020 San Francisco Real Estate

Though the pandemic upended many normal seasonal trends this year, the market did begin its typical “holiday season” slowdown in November – however activity remained well above levels of last year. It is unknown how the latest Covid-19 circumstances may ...
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A Strange Year Begins Winding Down December 2020 San Francisco Real Estate

Though the pandemic upended many normal seasonal trends this year, the market did begin its typical “holiday season” slowdown in November – however activity remained well above levels of last year. It is unknown how the latest Covid-19 circumstances may ...
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San Francisco House & Condo Markets Diverge – November 2020 Report

SF house and condo markets have been affected differently by the pandemic. This report attempts a deeper dive into the data across the city and within different city districts. The market typically starts a big slowdown in mid-November, running through ...
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San Francisco House & Condo Markets Diverge – November 2020 Report

SF house and condo markets have been affected differently by the pandemic. This report attempts a deeper dive into the data across the city and within different city districts. The market typically starts a big slowdown in mid-November, running through ...
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San Francisco: 7 Months After the Pandemic Hit | October 2020 Report

The table below compares Q3 statistics across 5 years. Since the dynamics of the SF house and condo markets have significantly diverged since the pandemic struck – the condo market has been weaker – we broke some of the 2020 ...
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San Francisco: 7 Months After the Pandemic Hit | October 2020 Report

The table below compares Q3 statistics across 5 years. Since the dynamics of the SF house and condo markets have significantly diverged since the pandemic struck – the condo market has been weaker – we broke some of the 2020 ...
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San Francisco Real Estate – A Complex Market September 2020

Despite the terrible fires, SF had a very active month in listings going into contract in August, hitting a high point for the year and matching the high points of recent years. Surprisingly, the fires did not significantly impact the ...
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San Francisco Real Estate – A Complex Market September 2020

Despite the terrible fires, SF had a very active month in listings going into contract in August, hitting a high point for the year and matching the high points of recent years. Surprisingly, the fires did not significantly impact the ...
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San Francisco Real Estate – Complicated Market Conditions August 2020

As illustrated below, the San Francisco market currently reflects a variety of both positive and negative indicators. Among Bay Area markets, the city is seeing the softest recovery from the initial shelter-in-place plunge in activity in early spring, while some ...
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