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 […]
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.
The post San Francisco Real Estate Market May 2021 Report first appeared on Paragon Specific.
The post Bay Area Real Estate – 1 Year After the Pandemic Hit first appeared on Paragon Specific.
Pandemic, shelter in place, mass unemployment, terrible financial hardships for many households and small businesses, new ways of working, office buildings empty, people move, rents plunge, dreadful fires, an anxious presidential election, interest rates to historic lows, stock markets to new highs, billionaires decamp to save on taxes, IPO mania breaks out again, vaccines begin […]
Though the pandemic upended many normal seasonal trends this year, the market did begin its typical “holiday season” slowdown in November – however activity remained well above levels of last year. It is unknown how the latest Covid-19 circumstances may affect the market in December, which is usually by far the slowest month of the […]
SF house and condo markets have been affected differently by the pandemic. This report attempts a deeper dive into the data across the city and within different city districts. The market typically starts a big slowdown in mid-November, running through the mid-winter holidays, until it begins to wake up in mid-January. High-price segments normally see […]
The table below compares Q3 statistics across 5 years. Since the dynamics of the SF house and condo markets have significantly diverged since the pandemic struck – the condo market has been weaker – we broke some of the 2020 stats out separately in the table, and then in some of the charts following. The […]
As illustrated below, the San Francisco market currently reflects a variety of both positive and negative indicators. Among Bay Area markets, the city is seeing the softest recovery from the initial shelter-in-place plunge in activity in early spring, while some other counties – less expensive, more suburban or rural – are experiencing extremely high demand. […]
Hanging in there? Week by week, day by day, hour by hour. I’ve seen my best and worst self for sure. I read an article a month ago that continues to resonate greatly. We as a collective have experienced a great death in this period (an emotional death that holds space for the countless physical deaths). T […]
Happy first day of our Bay Area quarantine. The universe decided to bring us rain today and tomorrow as well. Meditate. Contemplate. Breathe. We will get through all of this together and I look forward to the other side. Figuring there may be some time to actually read these emails, I’m sending you these charts […]
I’m remiss in sending this February newsletter… perhaps as an attempt to s.l.o.w down this racing year… or perhaps because the market has gotten VERY busy in February. With the Super Bowl and Presidents Day behind us it’s full steam ahead right now. Of course we will be leaping forward while washing our hands and […]
Generally speaking, after years of high appreciation rates, annual 2019 Bay Area median home prices went down a little bit, went up a little bit or basically remained unchanged as compared to 2018. SF hit new quarterly price highs in spring of 2019 (amid all the IPO excitement), but ended up the year at about […]
Updated Market & Census Statistics, Home Prices & Appreciation Rates, Luxury Home Sales, Price Reductions, Employment & Interest Rates. It will be another month before hard data on the autumn selling season begins to become available. In the meantime, below is a review of market trends and statistics through the third quarter. Note that September […]
When the 6,400-square-foot modern Tuscan villa in Hillsborough hit the market last year, it featured the design touches of no fewer than four architects. The floors were walnut, the custom mahogany doors imported from Italy and the kitchen fashioned with Scavolini cabinets and Wolf and Sub-Zero appliances. Outside, a pool beckoned along with tennis and […]
Plans to convert the former used car lot turned Firepie parcel on the northeast corner of Valencia and Cesar Chavezhave been drafted. And as envisioned by Kerman Morris Architects, a six-story, 32,000-square-foot building could rise up to 65 feet in height on the skinny site and yield 23 residential units over 5,000 square feet of retail […]
Oh, summertime in San Francisco. It’s that time of the year when the days are longer, the fog is a little more relentless in the city, and it feels like everyone else is off on an exotic Eastern Europe tour or warm tropical vacation. It’s also a perfect time of the year to remind ourselves […]
More than 18,000 seats deep, with the largest LED screen in NBA history, the brand new and sparkly Chase Center opens next week — and sports fans and concert goers won’t have to suffer through sad nachos to survive the game. It’s still stadium food though, with thousands of pounds of barbecue and pizza dough, […]
The revised plans for a seven-story building to rise up to 70 feet in height on the southeast corner of Pacific and Van Ness, as newly rendered by Ian Birchall and Associates below, were approved last month. And with its 30-day appeal period having expired on Monday, the project has just received its exemption from […]
Natural wine” is a spectrum that encompasses a range of wine-growing and winemaking practices, from 00 (say: “zero zero”), that is, nothing added or removed during the winemaking process, to minimal techniques that help ensure a certain final product. One of the biggest goals of the natural wine movement, though, is to strip out pretense […]