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San Francisco Real Estate as 2021 Begins

Our January report focused mostly on 2020’s annual statistics. This report will put most of its attention on quarterly and monthly indicators, which better illustrate changes occurring as 2020 progressed and 2021 began. Of Bay Area counties, San Francisco was …

The post San Francisco Real Estate as 2021 Begins first appeared on Paragon Specific.

San Francisco Real Estate in 2020

Pandemic, shelter in place, mass unemployment, terrible financial hardships for many households and small businesses, new ways of working, office buildings empty, people move, rents plunge, dreadful fires, an anxious presidential election, interest rates to historic lows, stock markets to …

The post San Francisco Real Estate in 2020 first appeared on Paragon Specific.

A Strange Year Begins Winding Down December 2020 San Francisco Real Estate

Though the pandemic upended many normal seasonal trends this year, the market did begin its typical “holiday season” slowdown in November – however activity remained well above levels of last year. It is unknown how the latest Covid-19 circumstances may affect the market in December, which is usually by far the slowest month of the…

San Francisco House & Condo Markets Diverge – November 2020 Report

SF house and condo markets have been affected differently by the pandemic. This report attempts a deeper dive into the data across the city and within different city districts. The market typically starts a big slowdown in mid-November, running through the mid-winter holidays, until it begins to wake up in mid-January. High-price segments normally see…

San Francisco: 7 Months After the Pandemic Hit | October 2020 Report

The table below compares Q3 statistics across 5 years. Since the dynamics of the SF house and condo markets have significantly diverged since the pandemic struck – the condo market has been weaker – we broke some of the 2020 …

The post San Francisco: 7 Months After the Pandemic Hit | October 2020 Report first appeared on Paragon Specific.

San Francisco Real Estate – A Complex Market September 2020

Despite the terrible fires, SF had a very active month in listings going into contract in August, hitting a high point for the year and matching the high points of recent years. Surprisingly, the fires did not significantly impact the number of deals being made in most Bay Area counties during the last 2 weeks…

San Francisco Real Estate – Complicated Market Conditions August 2020

As illustrated below, the San Francisco market currently reflects a variety of both positive and negative indicators. Among Bay Area markets, the city is seeing the softest recovery from the initial shelter-in-place plunge in activity in early spring, while some other counties – less expensive, more suburban or rural – are experiencing extremely high demand….

San Francisco Market Rebounds – July 2020 Report

Despite the ongoing health and economic crisis precipitated by COVID-19, the SF real estate market made a large recovery from the steep declines in March and April. The SF median house price hit a new monthly high in June ($1,800,000), and high-end houses, in particular, have seen very strong demand – this applies to virtually…

San Francisco Real Estate Spring 2020 Report

Supply & demand statistics, median sales price trends, sales and values by city district, the luxury home market, and the ongoing effects of COVID-19 June 2020 Generally speaking, market activity – as measured by the number of listings going into contract – continued to pick up rapidly in May, bouncing back from the steep plunge…

San Francisco Real Estate Spring 2020 Report

Supply & demand statistics, median sales price trends, sales and values by city district, the luxury home market, and the ongoing effects of COVID-19 June 2020 Generally speaking, market activity – as measured by the number of listings going into contract – continued to pick up rapidly in May, bouncing back from the steep plunge…

Newest Info on COVID-19’s Impact on SF Real Estate

Dear Friends, We hope this email finds you and your family well during this difficult time. As the coronavirus lockdowns persist, we continue to field questions from clients, friends and colleagues about its effect on the real estate industry. We have included a report below that analyzes the effect of the crisis on supply and…

San Francisco Real Estate Market Begins to Bounce Back – Slowly

May 2020 Crisis Update. Market activity begins to tick up after severe shelter-in-place plunge. Median home sales prices are up. Interest rates hit new low. Shelter-in-place caused steep drops in activity across the board in what is typically the busiest selling season of the year. However, though still far below normal levels, activity has been…

COVID-19 and the Real Estate Market

COVID-19 and the Real Estate Market The coronavirus pandemic has affected how we live our daily lives, including the way we buy and sell real estate. With shelter in place orders affecting more than 4 billion people around the world, there may not be another time in human history when people have depended on their…

What The CARES Act Means For You

Dear Friends, As we’re all dealing with the effects of COVID-19 on our lives, we want to share encouraging news: the government has approved the $2.2 trillion Coronavirus Aid, Relief and Economic Security (CARES) Act which will help millions of people in this critical time. Perhaps even you. This sweeping legislation is unprecedented in the…

The San Francisco Residential 2-4 Unit Building Market & the Coronavirus April 2020, Q1 Report

The San Francisco residential income market has seen a number of new challenges in recent years pertaining to rent and eviction control, and the process for selling buildings of 3+ units. Now, the coronavirus is having an exponentially greater, negative effect on the economy, employment, rental income, evictions and sales. We do not know how…