The Richmond District single-family median home prices finally took a dip after rising 10 years in a row, with prices declining by 8.9% and the number of sales by 9.3% in 2022. But these numbers do not tell the whole story as the market was a tale of two halves.
The Sunset District’s single-family median home prices finally took a dip after rising 10 years in a row with median prices declining by .3% and the number of sales by 10.7% in 2022.
As 2022 comes to an end, we have had an interesting year in the real estate market. The question being asked at the end of the year is always, “Where is the real estate market headed?”
Ever since I wrote about the mortgage interest rates going up from 3% to 4.5% a couple of months ago and how that translates to the amount of real estate a buyer can purchase, I have been getting many questions on how that looks now that the interest rate is around 6.5 to 7%.
This November, we will have a plethora of ballot measures to go through both on the state and local level. We are already bombarded with ads for online gambling, abortion rights, affordable housing and candidates running for offices. I will stick to my expertise and cover the real estate related measures in this column and comment on others that can have an effect on real estate.
As a student of real estate my entire life, 2022 holds special interest for me as this prolonged real estate cycle is changing. Normally in September I write about what we can expect in our fall real estate market because it marks the start of our second selling season of the year in San Francisco.
With more than 5,000 real estate agents selling properties in San Francisco, how do you go about choosing an agent to service your real estate needs?
In the past, we’ve written about the history of the Richmond name and the sometimes sticky distinctions between the Inner and Outer neighborhoods, but do you ever wonder how old these terms […]
For weeks, the economic forecasts have told us demand for San Francisco housing should be going down, especially in the condo market, the softest and the most vulnerable sector. After all, it’s […]
In the past we’ve shown you a lot of before and after housing offers, where a once-humble Richmond abode undergoes renovation and comes out the other side with not only a new […]
Another quarter is behind us and headlines are hopping about the cost of renting in San Francisco, so you might be wondering how rental prospects in the Richmond look? Like SF as […]
A city like San Francisco needs hundreds of street names, and you run out of obvious ones surprisingly quickly. On top of that, people turn out to have very strong opinions about […]
As I write this column, the first half of 2022 is just about over. Each year has its own challenges, and this year we have been dealing with higher inflation, rising interest rates, declining stock market and the seemingly never-ending battle with COVID-19.
Half the year is somehow gone, so let’s indulge in our favorite past time with a good, old-fashioned housing data salon. If you head over to our regular Front Steps blog in […]
San Francisco’s housing debates make a lot of noise over “luxury housing,” but if you ask around you’ll find that few people have any specific idea what that term means. If you […]