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 San Francisco Home Prices, Market Conditions & Trends April 2022
Read → April 07, 2022So far in 2022, Bay Area real estate markets appear largely unfazed by higher interest rates, volatility in financial markets, and troubling international events. The post San Francisco Home Prices, Market Conditions & Trends March 2022 first appeared on Paragon Specific.
Read → March 07, 20222021 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 the normal seasonal trend, listing and offer activity dropped substantially
Read → February 07, 2022November 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 Francisco Home Prices, Market Conditions & Trends December 2021 first
Read → December 08, 2021The post San Francisco Home Prices, Market Conditions & Trends November 2021 first appeared on Paragon Specific.
Read → November 09, 2021The post San Francisco Home Prices, Market Conditions & Trends October 2021 first appeared on Paragon Specific.
Read → October 11, 2021Economists 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, and rents down 17%. However, in 2021 all 3 have
Read → September 07, 2021A 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 in household housing affordability percentages, but was outweighed by large
Read → August 18, 2021In 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 on Paragon Specific.
Read → August 09, 2021Approximately 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 to peak for the year in spring Q2. Longer-term trends
Read → July 07, 2021
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