Stabilization in the SF market?

SF Market Scoop

August 27, 2011

Stabilization in the SF market?

click to enlarge

San Francisco condos appreciated rapidly between 2000 and the peak value years of 2006-2008. (The spike actually began in 1996.) Then, after the 2008 market meltdown, median prices declined rapidly in these areas by 15–22%. Since 2009, they have either stabilized or fluctuated within a relatively narrow band. Small percentage changes in median price are not particularly meaningful until consistent over the longer term. San Francisco may be at the beginning of a new upward trend, but it’s too early to tell.

This graph is not proportional to the timeline, so the spike between 2000 and 2006 appears more dramatic than it was.

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