Read on Twitter
Bay Area rents in SF and the peninsula may be down by double-digits YOY but home prices hit a new high. Thanks.... @federalreserve? cc @anthemos
Some other notes:
"Condo markets were typically significantly weaker than house markets, seeing declines in both sales activity and in median sales prices. The SF median condo price at $1,195,000 in Q2 2020 was 4% lower than Q2 2019 ($1,250,000)."
"Condo markets were typically significantly weaker than house markets, seeing declines in both sales activity and in median sales prices. The SF median condo price at $1,195,000 in Q2 2020 was 4% lower than Q2 2019 ($1,250,000)."
The markets which saw the largest YOY increases in the # of listings accepting offers in June 2020 were the 4 outer Bay Area counties of Monterey (61% YOY increase), Santa Cruz (58%), Sonoma (47%) & Napa (37%). They also have among the lowest population densities in the Bay Area.
Potential impacts of remote work as seen in Sonoma County's higher-end real estate market:
Who told you two months ago? https://twitter.com/kimmaicutler/status/1263547736827195393
