April 7, 2020
SAN FRANCISCO MEDIAN HOME PRICE MAP This map generally reflects median home sales prices in San Francisco neighborhoods for the 12-month period through mid-March 2020 (i.e. before the coronavirus could impact sales prices). Median sales prices are generalities that often fluctuate and can be affected by other factors besides changes in fair market value. They typically disguise a huge range of prices in the underlying individual sales, and all prices should be considered approximate. Data per 12 months sales reported to MLS, deemed reliable, but may contain errors and subject to revision. Run cursor over the map to pull up icons and prices.
April 7, 2020
Here is what is happening today. There are a lot of Temporarily Off-Market Properties that sellers still want to sell!
March 27, 2020
As we're all dealing with the effects of COVID-19 on our lives, I want to share encouraging news: the government has approved the $2 trillion Coronavirus Aid, Relief and Economic Security (CARES) Act which will help millions of people in this critical time. Perhaps even you.
March 3, 2020
Affordability was well up year-over-year from Q4 2018 and stable from Q3 2019. The primary factor in the Y-o-Y improvement: declining interest rates, now getting close to all-time lows. One of the significant effects of the coronavirus situation is continuing downward pressure on interest rates as stock markets fall (for the time being),and investors move into bonds. As to the long term effect of the virus on the economy, stock markets and real estate market, that will depend on whether the situation gets worse or much worse, or whether it peters out and quickly forgotten. (People have very short memories of adverse events in the past. Who even remembers that the stock market fell to a multi-year low on Christmas Eve 2018, with significant fears of a 2019 recession?) Much of the economy depends on whether confidence and optimism prevail, or the reverse. Markets generally react negatively to uncertainty.
February 25, 2020
If you wish to understand how the Case-Shiller Index works, you must read the first page of the attached report. (All numbers refer to a January 2000 home price of "100." A reading of 250 indicates a home price 150% above that of January 2000.) Case-Shiller uses a proprietary algorithm, not median sales prices, to calculate home price changes.