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Case-Shiller High Tier Price Index Up for 5th Consecutive Month
The S&P Case-Shiller Index for July, released today 9/27, indicated the 5th consecutive increase in “high tier†house values in the 5-county San Francisco Metro Statistical Area. The majority of SF’s houses qualify as high tier (over $601,000); in the 8 northern and central Realtor districts, almost 90% of SF house sales qualify as high ...
U.S. Cities Where Homes Sell the Fastest
“Although the U.S. housing market continues to struggle, many local markets are doing significantly better than the country as a whole, with some places virtually missing the housing bust altogether. While shifts in home values are important in any market, it’s important for sellers to determine the length of time a property can expect to ...
Luxury Home Sales by Neighborhood
click to enlarge Luxury home sales in San Francisco have always been clustered in the traditional, northern, prestige neighborhoods running from Sea Cliff to Pacific Heights to Telegraph Hill, as well as in the St. Francis Wood enclave. In the past 12 years, these have been joined in a big way by the Noe Valley-Castro-Haight ...
August 2011 Snapshot – San Francisco Home Market
click to enlarge Comparing this past August to August of 2010, SF had 25% fewer homes for sale – over 500 fewer MLS listings – but 28% more listings accepting offers. The percentage of listings accepting offers jumped from 14% last year to over 22% in August 2011, as high a percentage as we’ve seen ...
Foreclosures by County
click to enlarge In the 2nd Quarter of 2011, the number of homes lost to foreclosure in California dropped 11% as compared to 2nd Quarter 2010. San Francisco saw a 13% drop. Bank-owned property sales made up almost 36% of all California resale activity in the 2nd quarter (down from 58% in 2009); in San ...
The San Francisco Residential Real Estate Market – The Story is Still Low Inventory
September 2011 Update August 2011 Market Snapshot As compared to August of 2010, we had 25% fewer listings for sale as of 8/1; 6% fewer new listings; 28% more listings accepting offers; 7% more closed sales; 30% fewer expired/ withdrawn listings; and 28% fewer listings for sale as of 8/31. Every statistic points to a ...
San Francisco Home Sales With & Without Price Reductions
click to enlarge Over two-thirds of SF home sales accept offers relatively quickly at prices very close to or slightly over list price. Buyers respond quickly to these typically well-priced, well-prepared, well-marketed homes with strong and sometimes multiple offers. The sales that go through 1 or more price reductions average over 2 ½ months longer ...
Case-Shiller High Tier Index Ticks Up Again in June
The Case-Shiller Index for June 2011 was released today. Below are 2 charts, one for movements in 2011, one for an overall view of trends since 2000. Click to enlarge click to enlarge