Fog City Guide

As a new decade starts the real estate market in San Francisco continues to show signs of strengthening. Open escrows are up 39% over January 1st of last year. Sales in December were up 31% over December 2008 and the median price of single family homes and condos is up 7% from the median in December 2008.

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I track the numbers in my real estate market, San Francisco each month. I now have a few years of data and can do fun analysis on data and trends.

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“The banks were buying properties without the buyers having any stake in the home”.

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San Francisco City & County has done pretty well when compared to the rest of the region, state and nation.

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If you have 15 San Franciscans in a discussion you’ll get 16 opinions. Somebody can be counted on to have 2 opinions.

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Graphic represnetation of the San Francisco Real Estate Market

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“It is important to remember, as well, that even after a steep drop in the S&P/Case-Shiller Indices, long-term buyers in the top 20 U.S. metro markets have seen their properties appreciate by 70% since 2000. Home prices often take five to 10 years to recover fully from severe declines such as this. But at least the available data suggest the scary dive in home prices soon will be over.”

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A very intreresting article came out from Barron’s written by Jonathan R. Lang which I’ve excerted and commented on in my Trulia Blog.
It talks about signs of change in the realaity of the real estate market that the mainstream news media is ignoring.
This quote really sum’s up what we are being told; ‘”Other than Larry Kudlow [...]

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