Below you'll find a list of all posts that have been categorized as “Blog”
Home Prices, Appreciation & Ownership Costs; Affordability Percentages, Household Incomes, Interest Rates, Rents & Homelessness. August 2019 Report – including 30 illustrative charts. Housing affordability may be the largest social and political issue in the Bay Area, and the effects of low affordability also greatly impact the general economic picture in a wide variety of important ways – from hiring …
Sales & Values by City, Price Segment & Lot Size; Luxury Home Sales; Market Seasonality; Market Indicators by City; Foreign Homebuyers. A Breakdown of Sales by Price Segment Sales, Prices & Home Sizes by Lot Size In San Francisco, houses selling for $8 million and houses selling for $800,000 can both be found on lots …
Continue reading “Napa County Real Estate August 2019 Report”
Sales & Values by District and Price Segment, Special Circumstance Sales, Market Seasonality, the Luxury Home Market & Foreign Buyers. The May Case-Shiller Home Price Index was released in late July for the 5-county SF metro area. This chart illustrates the difference in appreciation rates between the Bay Area (higher price markets) and the entire country. Case-Shiller does not use …
The CoreLogic S&P Case-Shiller Home Price Index does not evaluate median sales price changes, but employs its own proprietary algorithm to measure home price appreciation over time. Since its indices cover large areas – for example, the San Francisco Metro Area is comprised of 5 counties – which themselves contain communities of widely varying home values, the C-S chart numbers …
Executive Summary: Higher-end sales (above $3 million) surged in the second quarter to last year’s historical peaks. Home prices remained flat in the second quarter, except in San Francisco and San Mateo. For-sale inventory growth slowed considerably, especially in San Francisco. Inventory remains at 50 percent of the last housing boom. Tax reform is likely …
Continue reading “How did the spur of IPOs impact Bay Area housing markets?”
The county Q2 2019 median house sales price was a tad above that of Q2 2018, but remains below the peak reached last summer. Home Sales by Property Type & Bedroom Count Sales Volumes: General Market & Higher Price Segments For the overall county market, spring sales volume in 2019 was a little above spring …
An interesting 2019 so far: Stock markets have hit new peaks; interest rates have hit multi-year lows; the SF unemployment rate dropped to a historic low; Bay Area unicorn IPOs have rolled out one after the other; SF residential and office rents have ticked up; consumer, corporate and governmental debt levels – nationally and internationally, across virtually every sector – …
Santa Clara County saw a rebound in buyer demand, luxury home sales and in median home sales prices in Q2, assisted by stock markets hitting new peaks and interest rates falling to multi-year lows. However, its market remains distinctly cooler than the white-hot period running from late 2017 through mid-2018 – when it was perhaps …
Continue reading “Santa Clara Q2 Real Estate Market – Compass”
An interesting 2019 so far: Stock markets have hit new peaks; interest rates hit multi-year lows; the SF unemployment rate dropped to a historic low; Bay Area unicorn IPOs have rolled out one after the other; SF residential and office rents have ticked up; and SF median house and condo prices hit new peaks in Q2. In the 2-4 unit …
High stock markets, low interest rates, surging luxury home sales, a spring full of local IPOs, and San Mateo County hit a new high in median house sales price (by a nose). July 2019 Report San Mateo County real estate saw a strong Q2 market, though, generally speaking, not quite as competitive as the white-hot …
Continue reading “San Mateo Real Estate Q2 Report – Compass”
High stock markets, low interest rates, surging luxury home sales, limited inventory, a spring full of unicorn IPOs, and San Francisco – once again -hits new highs in median home sales prices. July 2019 Update After 2 quarters of no or negative year-over-year home price appreciation, a confluence of positive economic factors sent San Francisco median home sales prices to …
Friday’s national employment report from the U.S. Bureau of Labor Statistics showed that the U.S. economy added 224,000 in June, exceeding the expectations of market observers who were counting on lower gains amid some slower May economic reports. The current economic expansion also entered its 121st month in July, marking the longest expansion in modern …
Continue reading “June U.S. Jobs Report: Continued strength lowers expectations of Fed cut in July”
California added 19,400 jobs in May bringing the unemployment rate down to 4.2 percent, according to the latest report from the state Employment Development Department. The lowest unemployment rate, 4.1 percent, was seen in second half of 2018. Current job growth is at a 111-month expansion — the second-longest since 113-month expansion of 1960s. With …
Continue reading “California on track for longest job expansion in recorded history”
Executive Summary: While April’s momentum is slightly slower in May, May sales are still only 2 percent below last year’s highs after double-digit declines earlier in the year. Home sales momentum remains solid in East Bay. Napa sales finally jumped 6 percent after a 6-month losing streak, averaging 20 percent annual declines. Affordable sales picked …
Continue reading “Plenty of Bay Area buyers, but why are they hesitant?”
While overall Bay Area pace of sales in May still trends 2 percent below last year’s levels, some regions are starting to see sales pace pick up ahead of last year. Sales below $1 million are up for the second month in a row after more than 20 months of annual declines. CONTRA COSTA COUNTY …
Continue reading “Compass May 2019 Bay Area Real Estate Update”
Below is a look at the past 30+ years of San Francisco Bay Area real estate boom and bust cycles. Financial-market cycles have been around for hundreds of years, from the Dutch tulip mania of the 1600’s through today’s speculative frenzy in digital-currencies. While future cycles will vary in their details, the causes, effects and trend lines are often quite …
Sales & Prices Increase as the Spring 2019 Market Heats Up, But Inventory Up and Sales Volume Down Year-over-Year. Median House Sales Price Trend In 2018, the median house sales price peaked in August, which also saw the highest number of monthly sales during the year. Sales Volume Trend March-May Year-over-Year Comparisons Comparing March-May of …
Buyer Demand Strengthens, Median Home Prices Rise, but Conditions Still Cooler & Prices Lower Than in White-Hot Market of Spring 2018. Median House Sales Prices Long-Term Trends Year-over-Year, March-May Comparisons Santa Clara Luxury Home Sales The luxury home market is fiercely seasonal with sales volume typically peaking in May or June – remember that one …
Continue reading “Santa Clara County Real Estate June 2019 Market Report”
High-demand/low-inventory spring market brings median home sales prices bouncing back to 2018 peaks. San Francisco luxury home sales hit new monthly high. Median Home Sales Prices We consider 3-month rolling median sales prices to be more reliable than single month figures, which are much more prone to less meaningful fluctuations. Both houses and condos are basically back up to the peak …
The CoreLogic S&P Case-Shiller Home Price Index does not evaluate median sales price changes, but employs its own proprietary algorithm to measure home price appreciation over time. Since its indices cover large areas – for example, the San Francisco Metro Area is comprised of 5 counties – which themselves contain communities of widely varying home values, the C-S chart numbers …
With April’s end, we now have 2 months of spring season data unaffected by market activity at the end of 2018, when financial markets plunged. As of early May 2019, stock markets have recovered to hit new highs, interest rates are far lower than last year’s peak, and unicorn IPOs have begun to roll out …
For most of the year, Northern California’s Napa Valley wine country is idyllic and serene. Visitors come to explore the beauty of the rolling vineyards, tour some of its 400+ wineries by car or the Wine Train, and stroll the streets of its six charming towns. But for a few days in late May, things …
Continue reading “Life in Napa Valley is quiet. Except in late May.”
According to the latest report from the state Employment Development Department, California added 46,000 jobs in April – the largest monthly gain since March 2017. While monthly job additions have varied a lot since the beginning of the year, California led all states in the monthly increase. The state has added 271,600 jobs over the …
Continue reading “Jobs Report: California sees largest monthly gain in two years”
While pace of sales in April still trends below last year’s levels in most Bay Area regions in which Compass (reflecting the company formerly known as Pacific Union) operates, there are signs that buyers are returning, and sales activity is picking up. Click on each of our regions below for an expanded look at local …
Continue reading “Compass NorCal April 2019 Real Estate Update”
