Articles Recently Tagged: Medians

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San Francisco Home Sales Slide, Median Price Slips Below A Million

San Francisco Home Sales Slide, Median Price Slips Below A Million

While Bay Area home sales ticked up 7.1 percent from June to July, they’re down 9 percent year-over-year and running 9 percent below average, according to DataQuick.  And while recorded home sales in San Francisco ticked up 2.4 percent from June to July, sales are down 24 percent year-over-year, the sharpest decline in over a Read More »

San Francisco Median Home Price Hits Record Million Dollar Mark

San Francisco Median Home Price Hits Record Million Dollar Mark

While Bay Area home sales were relatively flat in June (up 0.2 percent year-over-year and month-over-month), and listed home sales in San Francisco were down nine percent, recorded home sales in San Francisco were up 6.4 percent versus the year before as a backlog of sales in new developments continued to close escrow. That being said, Read More »

New Condos Lift San Francisco As Bay Area Home Sales Decline

New Condos Lift San Francisco As Bay Area Home Sales Decline

While Bay Area home sales were down 7.5 percent on a year-over-year basis last month, and listed sales in San Francisco were down twice as much, recorded sales in San Francisco were up 14.5 percent as a backlog of pre-construction sales in new developments closed escrow (see last paragraph below). In fact, San Francisco was Read More »

Bay Area Median Home Sales Price Hits Post-Recession High

Bay Area Median Home Sales Price Hits Post-Recession High

Bay Area home sales were relatively flat in April, dropping 0.9 percent year-over-year.  The number of homes sold in San Francisco last month was relatively flat as well, dropping a nominal 0.5 percent versus April of 2013. That being said, based on normal seasonality over the past decade, home sales in San Francisco have increased an average of 1.8 Read More »

Bay Area Home Sales Slow, Except In San Francisco

Bay Area Home Sales Slow, Except In San Francisco

While Bay Area home sales were down 12.9 percent on a year-over-year basis last month, the slowest March in terms of sales volume since 2008, recorded home sales were up 8.2 percent on a year-over-year basis in San Francisco as contracts in a number of new condo buildings started to close (see last paragraph below). Read More »

San Francisco Named Third Least Affordable Major Housing Market, Worldwide

San Francisco Named Third Least Affordable Major Housing Market, Worldwide

According to the 10th Annual Demographia Housing Affordability Survey of 360 housing markets worldwide, “San Francisco” is the third least affordable major metropolitan area, behind only Vancouver and Hong Kong, the least affordable market by a wide margin. The Demographia rankings are based on “Median Multiples,” median house prices divided by gross annual median household Read More »