Articles Recently Tagged: Medians

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Once in a Lifetime Opportunity Fails to Fetch its 2017 Price

Once in a Lifetime Opportunity Fails to Fetch its 2017 Price

As we outlined this past July: Designed by Alan Page and built on a nearly one-acre lot “in the heart of Lafayette’s sought–after Happy Valley,” the roughly 6,000-square-foot home at 22 Toledo Court boasts “elite craftsmanship, state-of-the-art technology, elegant lines and quality finishes throughout,” with an infinity-edge pool, outdoor... Read More »

Home Prices Rise in 93 Percent of Metro Areas, Bay Area Excluded

According to the National Association of Realtors, “single-family median home prices increased year-over-year in 93% of measured markets in the third quarter, with 166 of 178 metropolitan statistical areas showing sales price gains” and an average gain of 5.1 percent over the past year.  And that’s up from 91... 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 »

Pace of New Home Sales in the U.S. Is Up, Median Price Down

Pace of New Home Sales in the U.S. Is Up, Median Price Down

Having gained an upwardly revised 5.9 percent in February, the pace of new single-family home sales in the U.S. ticked up another 4.5 percent in March to a seasonally adjusted rate of 692,000 sales which is 3.0 percent above the pace of sales at the same time last year.... Read More »

Number of Homes Listed for Sale in San Francisco Holds

The net number of homes listed for sale in San Francisco has been holding around 620 over the past week, which represents 8 percent more inventory on the market than at the same time last year. The currently inventory count includes 205 single-family homes (which is 2 percent more... Read More »

More Expensive Homes for Sale in San Francisco

While the total number of homes listed for sale in San Francisco slipped by a little under 4 percent to 625 over the past two weeks with typical Spring Break seasonality in play, there is now 17 percent more inventory on the market versus the same time last year... Read More »

Bay Area Home Sales Drop, Median Price Trending Down

Bay Area Home Sales Drop, Median Price Trending Down

Having rebounded to a 7-year seasonal low in September, the number of single-family homes and condos that traded hands across the greater Bay Area totaled 6,147 in November, down 14.1 percent on a month-over-month basis (versus a typical seasonal drop of around 10 percent) and 15.2 percent lower versus... Read More »

Another, Bigger, Sub-2015 Sale in South Beach

Another, Bigger, Sub-2015 Sale in South Beach

As we wrote when we noted the slightly sub-2015 sale price for the one-bedroom unit #403 at 72 Townsend Street last year, “if you’re kicking yourself for having missed yet another anomalous and cherry-picked outcome (as some will certainly continue to rationalize), please don’t. Instead, turn your attention to... Read More »

Pace of Existing Home Sales in the U.S. Ticks Up but Drops YOY

Pace of Existing Home Sales in the U.S. Ticks Up but Drops YOY

While the seasonally adjusted pace of existing-home sales across the U.S. ticked up 1.4 percent in October to an annual rate of 5.22 million sales, the pace is now running 5.1 percent lower versus the same time last year, down from 4.1 percent lower on a year-over-year basis in... Read More »

Bay Area Home Sales Remain at a 7-Year Low

Bay Area Home Sales Remain at a 7-Year Low

The number of single-family homes and condos that traded hands across the greater Bay Area totaled 7,659 in August, down 9.9 percent on a year-over-year basis and another 7-year seasonal low, according to recorded sales data from CoreLogic. In San Francisco, recorded sales totaled 466 in August, down 4.3... Read More »