Articles Filed Under: San Jose (And South)

(253 posts)
Bay Area Home Sales and Median Price Were Down, Again

Bay Area Home Sales and Median Price Were Down, Again

While the number of single-family homes and condos that traded hands across the greater Bay Area inched up 0.5 percent from June to just over 7,400 in July, sales were down 2.2 percent on a year-over-year basis and totaled an eight-year seasonal low, according to recorded sales data from... Read More »

House of Light Returns Listed for a Million More

House of Light Returns Listed for a Million More

Having hit the market priced at $8.5 million in 2016, the award-winning “House of Light,” which was designed by the late modernist architect John Thodos and built on a wooded Menlo Park parcel back in 2010, ended up selling for $5,537,500, or roughly $1,099 per square foot, last year.... Read More »

Bay Area Employment Gets a Seasonal Bump

Bay Area Employment Gets a Seasonal Bump

Having dropped to a record low of 1.9 percent in May, the unemployment rate in San Francisco has since inched up to 2.4 percent. But with a seasonally driven bump in employment as well, the number of people living in the city with a paycheck is back up to... Read More »

Home Prices Increase in 91 Percent of Metro Areas, But…

First and foremost, we need to reiterate that changes in a market’s median sale price isn’t the same thing as appreciation/depreciation or an underlying change in value, especially as sales volumes drop and the mix of what’s selling changes. That being said, for those who hang their hats on... Read More »

Indexed Returns for Bay Area Homes Nearing Negative Territory

Indexed Returns for Bay Area Homes Nearing Negative Territory

Having ticked up 1.6 percent in April, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – inched up 0.3 percent in May. And with the index now hovering just below its peak... Read More »

Bay Area Home Sales and Median Price Continue to Drop

Bay Area Home Sales and Median Price Continue to Drop

Continuing to follow a trend which shouldn’t catch any plugged-in readers by surprise, the number of single-family homes and condos that traded hands across the greater Bay Area dropped 11.4 percent from May to June, versus typically ticking up, and total sales (7,357) were down 12.6 percent on a... Read More »

Bay Area Employment Is Actually on the Decline

Bay Area Employment Is Actually on the Decline

Having dropped to a record low of 1.9 percent in May, the unemployment rate in San Francisco inched up to 2.3 percent in June as the number of people living in the city with a paycheck fell by 3,400 to 565,800, which is down by 9,600 since February’s record... Read More »

Bay Area Home Sales and Median Price Are…Down

Bay Area Home Sales and Median Price Are…Down

Following a trend which shouldn’t catch any plugged-in readers by surprise, while the number of single-family homes and condos that traded hands across the greater Bay Area increased a seasonally driven 18.9 percent from April to May, total sales (8,310) were down 2.7 percent on a year-over-year basis. And... Read More »

Index for Bay Area Home Values Ticks Up, Condos Down YOY

Index for Bay Area Home Values Ticks Up, Condos Down YOY

Having ticked up a downwardly revised 2.0 percent in March, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – ticked up 1.6 percent in April. And while the index remains 0.4 percent... Read More »

Bay Area Unemployment Hits a Record Low, But…

Bay Area Unemployment Hits a Record Low, But…

The unemployment rate in San Francisco has dropped to a record low of 1.9 percent, with the ranks of the employed having increased by 2,900 to 569,300 in May. That being said, the ranks of the employed are still down by 6,100 from February’s record high and the rate... Read More »