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Looking at Bay Area Real Estate – Where are We Now?

Compass does a fantastic job of compiling real estate data and making it readily available. If you’re looking for San Francisco, Bay Area real estate data for 2021, this digital flipbook may have a chart or two that helps. It’s a comprehensive dive into Bay Area real estate one year after the pandemic struck. Here’s a look at some of the broadest charts, plus some general information about Northern California real estate in the early months of 2021.

Market Highlights

I pulled this right from the flipbook:

  • The first two and a half months of 2021 saw year-over-year median house sales price increases between 8 and 29% depending on the county. Note that this is separate from median condo prices.
  • The recovery following the April/May 2020 activity dive sent home sales of all prices and properties increasing 6 to 12% in the 12 months since March 15, 2020.
  • Since shelter-in-place orders were first applied, luxury home sales went up 40% year over year and ultra-luxury home sales are up 59%.
  • The 12 biggest sales in the greater Bay Area over the past year ranged from $20 million to $35 million. Of those, four were in Pebble Beach.
  • The 12 highest-priced listings on the market currently range in asking price from $32 million to $135 million. Eight of them can be found in communities surrounding Stanford University.
  • The months-supply-of-inventory level for Bay Area single family homes is at its lowest in fifteen years.
  • Median days-on-market for Bay Area single family homes is at its lowest in thirty years.

Bay Area Home Price Appreciation

12 Highest-Price Bay Area Sales & 12 Highest-Priced Active Listings

Active Listings on Market & Months Supply of Inventory

Bay Area Housing Affordability Trends

Takeaway

Data is one thing, but interpreting it can be another. If you have questions about how all this data applies to your desire to buy or sell in San Francisco, I’m happy to help.

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