The post San Francisco Home Prices, Market Conditions & Trends October 2021 first appeared on Paragon Specific.
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, and rents down 17%. However, in 2021 all 3 have been rebounding in close to parallel trend lines.
The post San Francisco September 2021 Report: Sales, Prices, Trends first appeared on Paragon Specific.
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 in household housing affordability percentages, but was outweighed by large increases in county median house sales prices.
The post Bay Area Housing Affordability, Q2 2021 first appeared on Paragon Specific.
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 on Paragon Specific.
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 to peak for the year in spring Q2. Longer-term trends are more meaningful than short-term changes.
The post San Francisco July 2021 Report: Sales, Prices, Trends first appeared on Paragon Specific.
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 appeared on Paragon Specific.
The post San Francisco Real Estate Prices & Market Conditions April 2021 first appeared on Paragon Specific.
The post Bay Area Real Estate – 1 Year After the Pandemic Hit first appeared on Paragon Specific.