Pandemic, shelter in place, mass unemployment, terrible financial hardships for many households and small businesses, new ways of working, office buildings empty, people move, rents plunge, dreadful fires, an anxious presidential election, interest rates to historic lows, stock markets to … Continue reading
Though the pandemic upended many normal seasonal trends this year, the market did begin its typical “holiday season” slowdown in November – however activity remained well above levels of last year. It is unknown how the latest Covid-19 circumstances may … Continue reading
The post A Strange Year Begins Winding Down December 2020 San Francisco Real Estate first appeared on Paragon Specific.
SF house and condo markets have been affected differently by the pandemic. This report attempts a deeper dive into the data across the city and within different city districts. The market typically starts a big slowdown in mid-November, running through … Continue reading
The post San Francisco House & Condo Markets Diverge – November 2020 Report first appeared on Paragon Specific.
The table below compares Q3 statistics across 5 years. Since the dynamics of the SF house and condo markets have significantly diverged since the pandemic struck – the condo market has been weaker – we broke some of the 2020 … Continue reading
The post San Francisco: 7 Months After the Pandemic Hit | October 2020 Report first appeared on Paragon Specific.
Despite the terrible fires, SF had a very active month in listings going into contract in August, hitting a high point for the year and matching the high points of recent years. Surprisingly, the fires did not significantly impact the … Continue reading
The post San Francisco Real Estate – A Complex Market September 2020 first appeared on Paragon Specific.
As illustrated below, the San Francisco market currently reflects a variety of both positive and negative indicators. Among Bay Area markets, the city is seeing the softest recovery from the initial shelter-in-place plunge in activity in early spring, while some … Continue reading
The post San Francisco Real Estate – Complicated Market Conditions August 2020 first appeared on Paragon Specific.
Despite the ongoing health and economic crisis precipitated by COVID-19, the SF real estate market made a large recovery from the steep declines in March and April. The SF median house price hit a new monthly high in June ($1,800,000), … Continue reading
Supply & demand statistics, median sales price trends, sales and values by city district, the luxury home market, and the ongoing effects of COVID-19 June 2020 Generally speaking, market activity – as measured by the number of listings going into … Continue reading
May 2020 Crisis Update. Market activity begins to tick up after severe shelter-in-place plunge. Median home sales prices are up. Interest rates hit new low. Shelter-in-place caused steep drops in activity across the board in what is typically the busiest … Continue reading
The post San Francisco Real Estate Market Begins to Bounce Back – Slowly first appeared on Paragon Specific.
Note that there is a time lag – usually 3 to 6+ weeks – between a new listing coming on market, an offer being negotiated and accepted, and when the transaction actually closes sale. This means that almost all of … Continue reading
The post Bay Area Real Estate & the Coronavirus Effects on Market Supply & Demand Dynamics April 2020 Report first appeared on Paragon Specific.