February 28, 2006
San Francisco Sales/Prices Trend Down
On a year-over-year basis, home prices are up 6.1% in the Bay Area (8.1% in San Francisco County) according to the California Association of Realtors. Yes, single-digit year-over-year appreciation for San Francisco County. Historically irrelevant, but it’s quite a change from the past couple of years of “guaranteed” double-digit appreciation.
And last month, both sales volume and median prices fell (-32.9% and -0.8% respectively) for homes in the San Francisco Bay Area (prices fell 1.2% in San Francisco County).
First Published: February 28, 2006 2:56 PM
Comments from "Plugged In" Readers
I want to point out that in my market -- SoMa lofts and condos -- there was a 4.05% price increase in January '06 over January '05, with the same number of listings sold (37). The biggest difference I see is in days on market -- an additional 15 days on average (54 vs. 39).
Posted by: Damion at March 1, 2006 10:19 PM