In April 2022, the Bay Area continued to see appreciation, overbidding and days-on-market reflecting extremely intense demand. But sales are a lagging indicator reflecting offers accepted 3-6 weeks earlier, April sales mostly reflect buyers who locked in mortgage rates before … Continue reading →

The post San Francisco Home Prices, Market Conditions & Trends May 2022 first appeared on Paragon Specific.

Soaring interest rates & housing costs; continuing strong demand, low inventory of house listings and high market velocity. Sales were robust in Q1 for all property types, but the supply of house listings in particular was very low. 

The post San Francisco Home Prices, Market Conditions & Trends April 2022 first appeared on Paragon Specific.

So far in 2022, Bay Area real estate markets appear largely unfazed by higher interest rates, volatility in financial markets, and troubling international events. 

The post San Francisco Home Prices, Market Conditions & Trends March 2022 first appeared on Paragon Specific.

2021 was one of the most frenzied real estate markets ever, with buyer demand far exceeding the supply of listings available to buy – and all the usual indicators, including home price appreciation trends, reflected this severe imbalance. As is … Continue reading →

The post San Francisco Home Prices, Market Conditions & Trends February 2022 first appeared on Paragon Specific.

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 Home Prices, Market Conditions & Trends January 2022 first appeared on Paragon Specific.

November and December typically see very significant seasonal slowdowns in market activity and in January, we will issue our 2021 market review, looking back at what has certainly been one of the highest demand markets in history.

The post San Francisco Home Prices, Market Conditions & Trends December 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, … Continue reading →

The post San Francisco September 2021 Report: Sales, Prices, Trends first appeared on Paragon Specific.