Robyn Kaufman

San Francisco Real Estate Forecast and Update – August 2017

San Francisco Real Estate

San Francisco Real Estate Forecast

Bay Area Home Prices Sizzle in July


Median Prices in The Bay Area. Source: California Association of Realtors

Supply-and-demand inequities and tight inventory conditions are fueling home prices this summer. The chart above analyzes the Bay Area’s more expensive regions: San Francisco, Silicon Valley and Marin County. In these areas, the median price has increased between 20 percent and 30 percent from the annual lows.

Median prices for condominiums in San Francisco have been especially strong, with a 12 percent increase over last July. San Francisco, which has seen moderate median price growth this year, posted a solid rebound since the beginning of 2017. In July, the median price in San Francisco was 7 percent above last July and 4 percent higher year to date.

Taken together, median price growth in the region is somewhat stronger than most experts predicted this year. A rallying stock market, strong employment growth, and insufficient for-sale inventories have all helped drive demand and prices. Many pundits have consequently wondered if we have entered yet another frothy housing market period.

For more information on the bay area real estate market, click here.

Mid-Year Report for San Francisco Highrises

A comprehensive review on each of Transbay’s luxury condo buildings.

Robyn is ranked in the Top 5 Agents Serving Mission Bay

My job is to sell your property for the highest possible price. You sit back and relax! From start to finish, I oversee every single detail for the sale of your property. Click here for my recent sales activity. Live it up!

Exit mobile version