As I've mentioned in the past, we're extremely blessed at Paragon to have Patrick Carlisle at the reigns of our market research. One of his passions is to produce amazing San Francisco real estate analytics that are regularly used in numerous news publications (Bloomberg Business, SF Chronicle, & SF Business Times to name a few). So for this update, I'd like to present his report that compares SF's home appreciation from 2011 to the present with four simple graphs:
"While waiting for the 2016 real estate market to really wake up and start generating useful statistical data, below is a look at San Francisco house and condo values over the past 5 years, broken out by neighborhood. In most districts, the market bottomed out in 2011, and the current market recovery began in 2012. At the bottom of this report is a map of San Francisco neighborhoods.
Important context: Median sales price is a general statistic, often concealing an enormous variety of values in the underlying individual sales. It can be and often is affected by other factors besides changes in fair market value, such as major changes in the distressed property, luxury home, or new-home construction segments. Sometimes median prices fluctuate without great significance: Substantially different groups of homes (larger, smaller, older, newer, etc.) simply sold in the periods being compared. Assessing appreciation by changes in dollar per square foot values, instead of by changes in median sales prices, can sometimes deliver significantly different appreciation rates.
San Francisco HOUSE Price Changes 2011-2015
Our full report on SF house price appreciation, which includes a table of every neighborhood with a significant number of sales is here. Scroll down past the charts for the complete table: San Francisco House Price Appreciation
San Francisco CONDO Price Changes 2011-2015
Our full report on SF condo price appreciation is here. Scroll down past the charts for the complete table: San Francisco Condo Price Appreciation"