San Francisco Prestige Index

First Republic’s “Prestige Index” for the values of San Francisco Bay Area homes worth at least $1.0 million and currently averaging $3.45 million rose 3.8 percent from the second to third quarter of 2014 and is 14.3 percent higher on a year-over-year basis.

Having gained 38.4 percent from the current cycle bottom in the first quarter of 2011, the luxury home index is now 11.8 percent higher than its previous peak in the third quarter of 2007. Roughly 45 percent of all home sales in San Francisco proper have been above the million dollar mark over the past year.

The San Francisco Bay Area Index includes “a cross-section of luxury homes in Alamo, Atherton, Belvedere, Danville, Healdsburg, Hillsborough, Lafayette, Los Altos, Los Gatos, Mill Valley, Moraga, Orinda, Palo Alto, Piedmont, Portola Valley, Ross, St. Helena, San Francisco, Saratoga, Sonoma, Tiburon and Woodside.”

5 thoughts on “Bay Area Luxury Home Values Hit All-Time High”
  1. One of the more interesting and somewhat consistent metrics tracked over time. From the source:

    Please Note: This will be the last issue of the First Republic Prestige Home Index as the data will no longer be available to us. We thank you for your interest in this research and support of First Republic over the years.


  2. and exactly how does one identify the ‘cross-section of luxury homes’ exactly? do they just hand-pick a few hundred houses? or is it everything within some price band? knowing the selection methodology independent of price is important since obviously price has adjusted over the years.

  3. The trend is your friend. The luxury end of the market will continue to rise as the idiots on the left legislate themselves out of the market with their continued support of rent control. What they don’t seem to get is that rent control favors the most well-capitalized landlords and makes targets out of those with the lowest rents. I will not fade this trend because it is the solution to the problem the communists have created.

    When you think about it, it’s really comedic that a bunch of [people] that will never be able to buy a home try to write housing policy…The savvy will always lay the smack down in the end.

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