Home prices remained solid across of all Pacific Union’s regions in the third quarter, while inventory slightly expanded in many, offering relief for buyers. Get an in-depth look into market conditions in the Bay Area and Tahoe/Truckee in our comprehensive Q3 quarterly report.
April home prices continued to post solid gains across the Bay Area and the Tahoe/Truckee region in April, with the median price for single-family homes reaching $1 million in San Francisco for the first time in more than five years and the median price in our Sonoma Valley region jumping 65 percent over the past year.
After record-breaking results in 2012, real estate activity in the first quarter suggests 2013 will once again reach new highs. Pacific Union’s Quarterly Real Estate Report has the facts and numbers behind the good news.
It has been a bitterly cold few years for would-be sellers in the Bay Area, but spring is bringing welcome warmth for both home values and buyer activity. Many homeowners who believe they are “underwater” may be surprised to learn that they’ve regained equity based on recent sale prices for comparable homes in their neighborhood.
February home prices posted exceptionally strong gains across the Bay Area and the Tahoe/Truckee region, led by San Francisco, where the median sales price for a single-family home jumped $166,000 — 26 percent — in a year’s time.
Strong demand from international buyers is fueling much of the growth in many of the world’s top destinations, according to a luxury home sales report from Christie’s International Real Estate.
The year 2012 was exceptionally busy in the Bay Area, with the housing recovery in full swing and most of our regions reporting their highest number of home sales since 2005. Pacific Union’s fourth-quarter real estate report has the facts and numbers behind the good news, and it sets the stage for a robust year ahead!
An increased number of high-priced homes for sale and a shortage of lower-priced homes combined to drive December home prices up significantly in the Bay Area and all of California.