Articles Filed Under: Trends

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Bay Area Home Sales Plunge to an 11-Year Seasonal Low

Bay Area Home Sales Plunge to an 11-Year Seasonal Low

The number of single-family homes and condos that traded hands across the greater Bay Area totaled 5,970 in September, down 18.9 percent on a year-over-year basis and the slowest September in terms of sales since 2007, according to recorded sales data from CoreLogic. In San Francisco, recorded sales totaled... Read More »

Illegal Airbnb-Ing Activity in SF Persists but on the Decline

Illegal Airbnb-Ing Activity in SF Persists but on the Decline

The number of formal complaints related to illegal short-term rental activity in San Francisco has continued to drop, with a total of 231 complaints lodged in the first three quarters of the year, down nearly 50 percent versus 2017 and 55 percent fewer than the 516 lodged in the... Read More »

Pending Home Sales in San Francisco Remain Down

While the inventory of homes for sale in San Francisco is now running 40 percent higher on a year-over-year basis and price cuts are on the rise, the number of homes in contract remains lower versus the same time last year. And in fact, while the year-over-year drop in... Read More »

Index for Bay Area Home Values Slips

Index for Bay Area Home Values Slips

Having inched up 0.6 percent to a record high in July, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – slipped 0.3 percent in August but remains 10.6 percent higher on a... Read More »

Inventory Peaks in San Francisco, Price Cuts on the Rise

With the number of homes actively listed for sale in the San Francisco hovering around 960, the 7-year high it hit last week, inventory levels appear to have peaked for the year and are now running an average of 40 percent higher on a year-over-year basis. At a more granular... Read More »

Asking Rents in San Francisco and Oakland Slip

Asking Rents in San Francisco and Oakland Slip

Having ticked up a little over 1 percent from the second to third quarter of this year, the weighted average asking rent for an apartment in San Francisco – including one-off rentals as well as those in larger developments – slipped around 2 percent in October and is now... Read More »

Pending Home Sales in the U.S. Inch Up, Remain down vs 2017

Pending Home Sales in the U.S. Inch Up, Remain down vs 2017

Having dropped 1.8 percent in August, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, inched up 0.5 percent in September to 104.6 but remains 1.0 percent lower on a year-over-year basis and 6.9 percent below last year’s high of... Read More »

New Home Sales in the U.S. Drop with Inventory at a 9-Year High

New Home Sales in the U.S. Drop with Inventory at a 9-Year High

Having actually dropped a downwardly revised 3.0 percent in August, the seasonally adjusted pace of new single-family home sales in the U.S. dropped another 5.5 percent in September to an annual pace of 553,000 sales which is 15.1 percent below the long-term average for this time of the year... Read More »

Inventory of Homes for Sale in San Francisco Continues to Tick Up

Inventory of Homes for Sale in San Francisco Continues to Tick Up

It would appear we called the “top” too soon, at least with respect to the number of homes listed for sale in the San Francisco. And having hit a 7-year high in September, the inventory of homes on the market in San Francisco has ticked up another 6.7 percent... Read More »

Most Sub-Million Dollar Homes on the Market in SF Since 2016

Most Sub-Million Dollar Homes on the Market in SF Since 2016

With the inventory of homes for sale in San Francisco having recently hit a 7-year high, and pending sales down, the number of homes listed for sale in the city with a price tag of under a million dollars (330) is the most since the fourth quarter of 2016,... Read More »