26 Jul Who is your favorite charity? Plus San Francisco’s mid-year report inside!
In this week’s newsletter, I’ve combined the introduction with something very important to us, GIVING BACK. We want to support the causes you care about!
So here we are, halfway through 2017. It’s been a fabulous year so far, with lots of happy buyers and sellers, and we’re on track to reach our goals. Now we want to give back – to your favorite charities. This is your chance to make a difference: is there a special cause you’re passionate about? Is there an organization that does amazing work in your community?
If so, drop us a line to tell us about it. We will donate to the charities that any of you nominate. Watch the video below and check out our newsletter to learn more!
& The Krishnan Team
San Francisco Real Estate: The Paragon Mid-Year Report
Highest median home prices ever; a new peak in SF luxury home sales; the huge, new-construction pipeline; SF neighborhood home prices and trends; San Francisco & Bay Area home price maps
A Very Hot Spring
SF Median Sales Price Appreciation by Quarter since 2012
San Francisco Luxury Homes Sales by Month since 2014
San Francisco New Construction Breakdown
Building Cranes Everywhere Approximately 64,000 housing units, 31 million sq.ft. of commercial space & 25 hotels with 4685 rooms are now in the SF new construction pipeline – with 5700 units, 10 million sq.ft. and 5 hotels currently under construction.
In the above chart on new housing construction, the main issue for the SF residential sales market is new condo construction and its effect on the supply and demand dynamic. Over 5000 new condos have been built in the past 4 to 5 years, with another 2000 expected to hit the market in the next 2 or 3. This surge of supply has been a substantial factor in the overall plateauing of condo median sales prices in the city since 2015, and some declines in those neighborhoods where new construction has been concentrated. However, it is true that new construction has been shifting much more toward building rental housing than condos intended for sale, which should help relieve pressure on condo prices and continue to exert downward pressure on rents. The rental scenario is discussed further at the end of this report.
Home Price MapsWe have just updated our median home price maps for the entire Bay Area by city, for San Francisco by neighborhood, and then specifically for the Marin, Lamorinda & Diablo Valley, and Wine Country markets. To access them, click on the map image below and then roll your cursor over the maps on the webpage.
SF Neighborhood Home Prices & Trends House & Condo Prices by Bedroom Count
San Francisco Median Sales Prices for 4-bedroom & 5-bedroom House Values
San Francisco Median Sales Prices for 3-bedroom House Values
San Francisco Median Sales Prices for 2-bedroom Condo & Co-op Values
Our full collection of home price tables: Median Sales Prices by Bedroom Count
Appreciation Trends since 2005 for Selected San Francisco Neighborhoods
Potrero Hill, Bernal Heights, Inner Mission SF Neighborhood House Values
Noe Valley, Eureka Valley, Cole Valley: Median Home Price Trends
Sunset District, Parkside, Golden Gate Heights SF House Values
South Beach Condo Values since 2005
Sales by Price Segment within Neighborhoods
Median sales prices typically disguise a wide range of prices in the underlying individual home sales, which is what these charts illustrate.Pacific & Presidio Heights, Cow Hollow & Marina SF Neighborhoods
Russian Hill, Nob Hill, Telegraph Hill, North beach, & Waterfront SF Neighborhoods
St Francis Wood, Forest hill & Extension, Monterey heights, Sherwood Forest, West Portal, Balboa Park, & Ingleside Terrace SF Neighborhoods
Lake Street, Richmond District, & Lone Mountain SF Neighborhoods
Dozens more neighborhood analyses can be found here: San Francisco Neighborhood Prices & Trends.
Bay Area Rent Trends
This is from our mid-year report on the multi-unit residential market, which can be found in its entirety here: Bay Area Apartment Market Report
Median List Rents since 2011 in Selected Bay Area Counties & NYC
More San Francisco market newsletters can be found here: