What has happened this month in the real estate industry? What happened this month that may impact your real estate decisions? Please see below the news and articles that we picked out for you this month: COVID: Pandemic Sends Bay Area Rent Prices Plunging Project Home: Small Bay Area Landlords Warn of Evictions Without […]
Single-family homes had large month-over-month and year-over-year gains, bringing median prices to another record high. Year-over-year, median single-family home prices were up 17% in the Greater Bay Area. In this newsletter, we break down the Bay Area into four regions, as follows: North Bay: includes Marin, Napa, Solano, and Sonoma East Bay: includes Alameda and […]
The median single-family home price had large year-over-year gains, despite a month-over-month decline in San Mateo. The Santa Clara median single-family home price reached another all-time high, while Santa Cruz is just slightly off peak. As you can see in the graph below, median condo prices were mixed across counties. Santa Cruz was notably lower […]
As we enter the final month of 2020, demand remains significantly high. Typically, the majority (55% to 70%) of American homebuyers are also home sellers, swapping their previous homes for something better suited to their changing needs. The current increase in price and decrease in supply, however, imply that more first-time homebuyers are entering the […]
Welcome to the Bay Area housing market! I am so excited and also sad because this is our last Bay Area housing market update for 2020. Again, I have spent a lot of time gathering all the research and all the statistics, but most importantly, I really wanted to show you guys some of our […]
What has happened this month in the real estate industry? What happened this month that may impact your real estate decisions? Please see below the news and articles that we picked out for you this month: Plans Unveiled for Development Around Future Downtown San Jose BART Station Project Home: Neighbors Of San Francisco Shelter-In-Place […]
Median single-family home prices continued to substantially increase year-over-year with a median home price of $1.75 million in San Mateo, $1.4 million in Santa Clara, and $1.06 million in Santa Cruz, an all-time high. Year-over-year, median single-family home prices were up substantially across counties, while condo prices were mixed. Santa Cruz saw a huge year-over-year […]
Median single-family home prices continued to increase substantially year-over-year with a median home price of $1.06 million still near the all-time high seen in August. Year-over-year, median single-family home prices were up 20% in the Greater Bay Area. In this newsletter, we break down the Bay Area into four regions, as follows: North Bay: includes […]
In this issue, we dive into some key economic indicators that tend to affect long-term home prices. GDP and employment together explain much of the economic climate and typically trend with housing prices, but they do not explain the current rise in home prices. We will still go over the ins and outs of these […]
Welcome to the November Bay Area Housing Market Update! We are so excited today to share a lot of data with you about our housing market, about what happens after the election, and also we just heard that the vaccine is coming out soon, so what will happen if the vaccine comes out? We will […]