Category archive - Blog

Weekend: Jan 18 – Jan 19, 2020

This weekend has lots of great things to do for free and on the cheap. From the Chinese New Year Flower Fair, to the Dance Hack Festival to the Women’s March in Oakland. The events below will help you fill your calendar with fun!

View even more events here.

San Francisco Real Estate January 2020 Report

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 flat for houses and a little up for condos. (Since there has been so much new luxury condo construction in recent years, year-over-year median price comparisons may not be exactly apples to apples.)

For 2020, economist Ken Rosen at UC Berkeley has said he expects the Bay Area median price to remain basically flat, within a general range of up or down 2% – in other words, similar to what happened last year. We can’t predict the future, but that certainly doesn’t sound unreasonable, and happily avoids the sensationalism of many other media-grabbing forecasts.

One of the big factors in SF house price appreciation since 2012 has been that fewer house owners are selling (dark green portion of chart below). If demand increases, but supply drops, that puts upward pressure on prices. Overall, house prices have out-appreciated condos over the past 7 years due to 2 factors: All the new condo construction and the fact that condo owners sell their homes more often than house owners. Both those factors increase supply to help meet increased demand.

San Francisco Home Prices by Neighborhood

Below are just two of the tables in our much longer analysis of home prices by property type and bedroom count for every neighborhood in the city. If you’d like the complete report, contact your Compass agent.

San Francisco Luxury Home
Markets by District

Economic Factors Affecting
Real Estate Markets

Weekend: Jan 11 – Jan 12, 2020

This weekend has lots of great things to do for free and on the cheap. From the Annual Fungus Fair in Santa Cruz, to the “How-To” Festival in Napa to San Francisco Tape Music Festival. The events below will help you fill your calendar with fun!

View even more events here.

Dec 28 – Dec 29, 2019

This weekend has lots of great things to do for free and on the cheap. From Fairy Winterland: Crafts, Stories & Lights Parade at Children’s Fairyland, to Illuminate 2019: SF’s Festival of Light to the Pre-New Years Eve Party in Mill Valley. The events below will help you fill your calendar with fun!

View even more events here.

Weekend: Dec 21 – Dec 22, 2019

This weekend has lots of great things to do for free and on the cheap. From adopting a furry new family member at Jack London Square from the SPCA, to the Indonesian Day Festival to 1880’s Vintage Baseball. The events below will help you fill your calendar with fun!

View even more events here.

Weekend: Dec 14 – Dec 15, 2019

This weekend has lots of great things to do for free and on the cheap. From the Downtown Christmas Parade & Holiday Market in Benicia, to the Annual Jingle Beer Run: Festive, Jingling Race to the Traditional German Christmas Market in Mountain View. The events below will help you fill your calendar with fun!

View even more events here.

San Francisco Real Estate December 2019 Report

When the media reports on the “Bay Area median home price,” it’s worth remembering that SF is a relatively small market compared to the big 3 counties.

Appreciation in Very Expensive Markets

Based on the calculations of an algorithm created to track long-term price changes, this next chart looks at percentage appreciation since 2012 in the most expensive markets of 5 Bay Area Counties. (In Marin, Tiburon, a very expensive, but not the most expensive market in the county, is graphed due to data issues.) This chart does not delineate prices, which vary hugely, only estimated percentage home price changes over time.

According to this algorithm, prices in these most expensive markets have generally declined from recent peaks in 2018.

Bay Area Ultra-Luxury Home Markets –
Active Listings vs. 12 Months Sales

SF has the third largest market for homes of $5,000,000+ in the Bay Area.

Market Dynamics & Seasonality –
New Listings & Price Reductions

The market is now deep into its seasonal plunge in activity, which hits its nadir in December. (This chart is updated through October. November saw its usual big drop in new listing activity.)

The percentage of listings reducing price in October – typically the peak month for price reductions – ticked up a little year over year, to its highest point since the recovery began in 2012.

Home Prices & Market Statistics by SF District

Median House Prices by Realtor District

As always, these prices should be considered very general approximations of prices in complex district markets containing homes of widely varying size and quality.

Median Condo Prices by Realtor District

Market Statistics by Realtor District

As mentioned in previous reports, market dynamics in San Francisco are often – but not always – separated by price segment as much as by neighborhood/district location. More expensive segments not unusually have somewhat softer supply and demand dynamics. However, District 5 – the greater Noe, Eureka & Cole Valleys district – one of the city’s more expensive districts, has been bucking that trend in 2019.

Districts dominated by condo sales also typically have softer dynamics than those dominated by house sales.

Weekend: Nov 30 – Dec 1, 2019

This weekend has lots of great things to do for free and on the cheap. From the Pottery Holiday Show & Open Studios in Berkeley, to the World AIDS Day Candlelight Vigil. The events below will help you fill your calendar with fun!

View even more events here.

Weekend: Nov 23 – Nov 24, 2019

This weekend has lots of great things to do for free and on the cheap. From the Mt. Tam “Day of Thanks” Volunteering Party, to the Holiday Bazaar: 50+ Makers, Raffle & DIY Crafts in Mountain View. The events below will help you fill your calendar with fun!

View even more events here.