Earlier this week, San Francisco was named the third least affordable major metropolitan area, behind only Vancouver and Hong Kong, according the globe Annual Demographia Housing Affordability Survey of 360 housing markets worldwide. Our market snapshot of Russian, Nob & Telegraph Hills and North Beach support that with the median sales price for a condo in Russian Hill at $1,300,000 in 2013 and average sales price at $1,612,000. Take a look:
No matter your price point, California really does have it all.
Source: Parascope Social
The November Case-Shiller Index report was released this week. Below are three looks at what has happened in Bay Area “high-tier-priced” houses (currently delineated as those selling for more than $801,000) since 2013 began, over the past 2 years – as the recovery really began in early 2012 – and since 1996, to show market cycles. Right now, ignoring small fluctuations up and down, home prices are basically continuing on the plateau they reached after the huge spring surge in appreciation.
Case-Shiller measures a 5-county metro area, not just the city of San Francisco. The numbers used relate to a January 2000 value of 100; thus 181 = 81% home price appreciation over the past 14 years.
2012 – 2013:
1996 – 2013:
Here’s a look at the average sales price, dollar per square foot and median house sales price beginning in 1995. Last year we saw records highs in all three categories, take a look:
We aren’t sure if winter will ever arrive, but while the forecast calls for mid- 60′s and partly cloudy skies, it’s perfect weather for strolling through one of your favorite San Francisco neighborhoods. Whether you’re jones-ing for a pick-me-up from Philz Coffee, looking for that perfect dress at Ambiance or just want to grab lunch and take it to a park, Noe Valley is just the place to enjoy our “not-so-winter” winter.
It’s hard to believe it’s already 2014! There’s such an abundance of events throughout the year in our amazing city, where does one begin? Well, we have something to help get you started. So before you book up your weekends, check out our handy event calendar to give you some inspiration. (CLICK ON THE IMAGE TO EXPAND).