Heading into the Autumn Selling Season
September 2016 Update
At this point, we are waiting to see if the expected, dramatic spike in new listings occurs as usual, and how buyers react to it if it does.
Our full report on seasonality is here: Seasonality & the SF Market
------------------------------------------------------------ Annual Median Sales Price Appreciation since 1994 for San Francisco houses, condos and TICs (Prices in thousands of dollars)
2015 to 2016 YTD, the overall median price for condos, which now comprise the majority of home sales in the city, remained exactly the same at $1,100,000: Among other issues, this market segment is clearly being impacted by an increase in new-project condos coming on market, altering the supply and demand dynamic. The house median price increased 6% to $1,328,000: This is far below the appreciation rates of the previous 4 years and is being driven mostly by continued demand for "more affordable" houses selling below $2 million. TICs, which only comprise 4% to 5% of home sales basically stayed flat year over year.
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Where to Buy a Home in San Francisco for the Money You Wish to Pay
We just issued our semi-annual update on home prices by property type and neighborhood. Below are 3 of the 8 charts in the analysis. The complete report is here: San Francisco Neighborhood Home Prices
------------------------------------------------------------ Paragon Special Reports on San Francisco and Bay Area Markets & Housing Affordability In August we issued 2 reports that received extensive media coverage in Bloomberg News & BusinessWeek, WSJ Mansion Global, San Francisco Business Times, KGO, KTVU, KCBS, SFGate, Curbed and others, even some international publications. Below is a sampling of the many analyses in the reports, as well as links to the full articles.
Full report: Income, Affluence, Poverty & the Cost of Bay Area Housing
Full report: Bay Area Real Estate Markets & Demographics