• Kim Wiley
    415-519-5595
  • Todd Wiley
    415-317-5888
San Francisco Real Estate Group
  • About
    • Company Overview
    • Partners
    • Bio
  • Trust & Probate
    • Overview
    • Professional Services
    • Testimonials
    • Glossary
  • Properties
  • Resources
    • Buyers
    • Sellers
    • Communities
  • Testimonials
  • Blog
Archive
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • February 2020
  • April 2019
  • February 2019
  • November 2018
  • August 2018
  • May 2018
  • November 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • October 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
January 2020 Market Report February 1, 2020

January 2020 Market Report – San Francisco Real Estate

 

compass

San Francisco Real Estate

 

January 2020 Report

———-

 

Generally speaking, after years of high appreciation rates, annual 2019 Bay Area median home prices went down a little bit, went up a little bit or basically remained unchanged as compared to 2018. SF hit new quarterly price highs in spring of 2019 (amid all the IPO excitement), but ended up the year at about flat for houses and a little up for condos. (Since there has been so much new luxury condo construction in recent years, year-over-year median price comparisons may not be exactly apples to apples.)

For 2020, economist Ken Rosen at UC Berkeley has said he expects the Bay Area median price to remain basically flat, within a general range of up or down 2% – in other words, similar to what happened last year. We can’t predict the future, but that certainly doesn’t sound unreasonable, and happily avoids the sensationalism of many other media-grabbing forecasts.

 

One of the big factors in SF house price appreciation since 2012 has been that fewer house owners are selling (dark green portion of chart below). If demand increases, but supply drops, that puts upward pressure on prices. Overall, house prices have out-appreciated condos over the past 7 years due to 2 factors: All the new condo construction and the fact that condo owners sell their homes more often than house owners. Both those factors increase supply to help meet increased demand.

 

San Francisco Home Prices by Neighborhood

 

Below are just two of the updated tables in our much longer analysis of home prices by property type and bedroom count for every neighborhood in the city. If you’d like the complete report, please let me know.

 

San Francisco Luxury Home

Markets by District

 

Economic Factors Affecting

Real Estate Markets

 



The Wiley Team
Todd Wiley DRE# 01410925 | Kim Wiley DRE#: 01964194
415.317.5888
wileyteam@compass.com

© Compass 2020 ¦ All Rights Reserved by Compass ¦ Made in NYC

Compass is a real estate broker licensed by the State of California operating under
multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075,
1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented
herein is intended for informational purposes only and is compiled from sources deemed reliable
but has not been verified. Changes in price, condition, sale or withdrawal may be made without
notice. No statement is made as to accuracy of any description. All measurements and square
footage are approximate. Equal Housing Opportunity.

 

 

  • Todd Wiley : 415-317-5888
    todd@sanfranciscorealestategroup.com
  • Kim Wiley : 415-519-5595
    kim@sanfranciscorealestategroup.com
Drop us a note
  • About
    • Company
    • Partners
    • Bio
  • Trust & Probate
    • Probate Process Management
    • Buying Probate
    • Testimonials
    • Probate Glossary
  • Properties
  • Resources
    • Communities
    • Buyers’ Resources
    • Sellers’ Resources
  • Testimonials
  • Blog

©Copyright 2020. San Francisco Real Estate Group

How Can We Help You With Services
for Estates in Trust & Probate?Please complete the below information and we will contact you as soon as possible.





If you are looking for an attorney to assist you with your probate, trust or
conservatorship needs, we would be happy to provide you with a list of referrals.

Please complete the INFORMATION BELOW and
we will contact you as soon as possible.