According to the National Association of Realtors® the median value of existing single-family homes fell from $196,600 in 2008 to $173,100 in 2010. That’s a drop of 14% and while significant the other side of that is that 79% of the value remains. What’s the benefit to the mortgage holder (lender) of foreclosure versus making [...]

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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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