San Francisco's Real Estate Market Surge Is A Doozy
For further evidence of San Francisco’s housing recovery and new peak (for Condos and Single Family Homes), have a look at these numbers as they pertain to short-term appreciation trends.
This chart breaks down the rise in values occurring over the past 2 ½ years. Though it appears 2013 prices surged after the first quarter, the surge actually started in March, which is when the market really started to reflect offers negotiated in 2013. January and February sales mostly reflect the holiday season market, when the higher-end home market typically checks out. We prefer quarterly or longer time periods because they make for more reliable statistics: monthly statistics often fluctuate without great meaning. The high overall median prices achieved in March-May may drop somewhat during the summer due to seasonal and other factors.
[Click Images to Enlarge.]
Still more graphs and data to come, so make sure to check back, get theFrontSteps delivered to your inbox, and/or bookmark Our Stats & Numbers page.
Data Source: Paragon Real Estate