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Paragon’s Latest Market Update Newsletter
Percentage Declines in Prices & Dollar per Square Foot 4.15.09
Pricing, Buying, Selling & Negotiating SF Real Estate
The Previous Market Update Newsletter
San Francisco Online Resources
Appreciation & Depreciation of San Francisco Homes since 1995
Below, median sales prices are calculated for 2-bedroom condos, 3-bedroom houses and 2-bedroom TICs in a number of SF neighborhoods over a variety of periods beginning with 1995 — when the last, great Sellers’ market began -– and ending with the six months following the financial market meltdown in September 2008. (Its effect began to show up in mid-October sales.) Median price is a relatively crude statistical generality – especially in SF with its huge variety in property type, size, condition, curb appeal and architectural style – but it can be useful in assessing macro trends in the market. However, remember: for a specific home, only a specific market analysis is truly pertinent.
Home price decline starting to slow
James Temple,Carolyn Said, Chronicle Staff Writers
(04-16) 10:53 PDT SAN FRANCISCO — Bay Area home prices are still falling, but the pace slowed significantly in March, extending a trend that is beginning to foster real hope that the market is approaching the bottom.
The median sales price across the nine-county region stood at $295,000 for existing single-family homes last month, a 46.3 percent drop from a year ago but off just 0.5 percent from February, MDA DataQuick of San Diego reported Thursday.
That month-to-month price change has been narrowing recently. The median declined 2.4 percent in February compared to the previous month and 7.9 percent in January. The biggest recent drop was 11.1 percent in September. Year-over-year price declines have floated around 47 percent for the past five months.
Bay Area home prices are still falling, but the pace slowed significantly in March, extending a trend that is beginning to foster real hope that the market is approaching the bottom.
An easy-to-read chart has been provided by the California Association of Realtors outlining both California and Federal Tax Credits associated with homeownership.
Click here for Homebuyer Tax Credit Chart
Copyright ® 2009 CALIFORNIA ASSOCIATION OF REALTORS ® (C.A.R.) Permission is granted to C.A.R. members only to reprint and use this material for noncommercial purposes provided credit is given to the C.A.R. Legal Department. Other reproduction or use is strictly prohibited without the express written permission of the C.A.R. Legal Department. All rights reserved.
The information contained herein is believed accurate as of April 13, 2009. It is intended to provide general answers to general questions and is not intended as a substitute for individual legal advice. Advice in specific situations may differ depending upon a wide variety of factors. Therefore, readers with specific legal questions should seek the advice of an attorney.
By PENELOPE GREEN , New York Times
JOSHUA TREE, Calif.
ON the front porch table was a pile of rocks and blue cast-glass nipples fitted with aluminum collars that looked like the tops of space-age baby bottles. Bullet holes puckered the glass of several window panes. A swing rigged from a galvanized water tank groaned in the dusty wind. And Suzie, a dog who splits her time between this property and a neighbor’s, tipped her food out of its cast-iron skillet and thrust a wet nose into a visitor’s hand.
A variety of useful, interesting or fun websites for San Francisco and the Bay Area.
Everything Within Walking Distance of Your Home
