A Second Wind for San Francisco Real Estate
The market shifts again after cooling in 2016
Since the year began, preliminary data has been trickling in regarding the Bay Area economy and the commercial and residential real estate markets that appears to indicate things may be heating up again after clearly cooling in late 2015 and 2016.
One of the classic statistics of supply and demand is percentage-of-listings-accepting-offers: The higher the percentage, the hotter the market.
In the chart below, we assessed San Francisco by property type and price segment, comparing this past April to the same months of 2015 and 2016. Most of the segments saw a considerable cooling from April 2015 to April 2016. However, almost all the segments bounced back in April 2017, and, indeed, the lower price segments performed significantly better than 2 years ago.