The Bay Insider
Two real estate experts navigating the vibrant and competitive San Francisco real estate market. Uncovering the rich history, vibrant culture, and dynamic businesses that define the neighborhoods in San Francisco.
The Bay Insider
Market Update
In today’s episode, Amanda and Ying give you an overview of San Francisco’s real estate market over the last ten years (2014 through mid 2024). They touch on the number of closings throughout the years and how COVID and interest rate have caused dramatic ups and downs.
They discuss two segments of the market - Single Family homes and Condos/Tenants in Commons (TICs) and how these two segments have behaved very differently in the 10 year period in terms of appreciation rate and key market indicators such as Days on Market, Price per Square Foot, and Percentage of Price Received. They briefly explain how the San Francisco market is unique and different from the majority of the markets that tend to be far more homogenous.
The data they have collected is from San Francisco MLS (SFAR). You can access their data file here.
Market Trend
They also touched on the interest rate. You can find the graph they shared here. Federal Reserve Bank St. Louis
To know more about TICs, visit andysirkin.com
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Amanda Martin | Lic #01386284
Ying He | Lic #01964556
BarbCo Real Estate Group
