Where is the market headed in 2017? My trusty Magic 8 Ball says “ask again later.” The beginning of the year is always tricky to know how the market will perform. How much of an impact the new administration’s policies will have on our local market is unclear. What I do know is that, in general,..
In 2016, the supply (and sales) of house listings in the city continued to dwindle, while a surge of new-construction condo projects hitting the market appreciably increased the inventory of condos available to purchase. In 2003, house sales in San Francisco were over 50% higher than in 2016. According to a study by the National..
Gold, Google, Facebook & San Francisco Homes Return on Investment Rates since 2011 January 2017 Report ———————————————————— This first chart is a somewhat lighthearted, but I believe accurate look at how various 2011 investments would have played out through 2016. (FB is dated from its 2012 IPO.) When calculating appreciation, purchase and sale dates are critical..
November 2016 Market Report During the past 14 months we’ve seen the Chinese stock market crash, the oil price crash, Brexit, high U.S. financial market volatility, a slowdown in the Bay Area high-tech boom, and enormous election-related anxiety. It is difficult to tell exactly how these events may have affected real estate markets. Many of the forecasts..
I, as well as other agents, have seen fewer offers coming in on our listings. Instead of 40% over list price, it has become much closer to 15 – 20%. There are many reasons why this might be the case but overall the market is flattening just a tiny bit. Median sales prices typically fall..
From the middle of 2015, the Bay Area high-tech boom appeared to appreciably cool down in hiring, IPOs coming on market, venture capital flow and general economic optimism, and that was one factor in the cooling in the SF real estate market. (One local economist predicted “blood in the streets” of San Francisco from a..
September 2016 Update Autumn & the Expected Surge in New Home Listings Autumn is the second biggest selling season of the year, and September is typically the single month with the highest number of new listings. Autumn is a relatively short market season, running from after Labor Day until mid-November, when the market begins its slide..
By virtually every statistical measure of supply and demand, the SF market cooled in 2016: price appreciation generally plateaued, inventory ticked up and sales ticked down, months supply of inventory and days on market increased, and the percentage of sales price over asking price declined. All the changes have been statistically significant, but, except for..
The California Association of Realtors just released its Housing Affordability Index (HAI) for the 2nd quarter of 2016, which measures the percentage of households that can afford to buy the median priced single family dwelling (house). In this analysis, affordability is affected by 3 major factors: median house price, mortgage interest rates, and household income…
Housing Affordability in the San Francisco Bay Area How does 2016 affordability compare with 2007, the height of the bubble? What income is required to buy a median priced house in SF, Alameda or Marin? Which Bay Area county has the highest median household income? How many thousands of Bay Area households are in..