Home prices rose a whopping 18.8% in 2021, according to the S&P CoreLogic Case-Shiller US National Home Price Index, the biggest increase in 34 years of data and substantially ahead of 2020's 10.4% gain.
All regions saw price gains last year, but increases were strongest in the South and the Southeast, each of which were up over 25%.
We are only two months into the new year and there are no signs of the market slowing. If you are considering buying or selling in 2022, now is a great time.
If you have any specific questions about the market, feel free to reach out. As always, click here for the full Bay Area Market Report.
Cheers,
Debbie
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Long-term trends, SF Metro Area vs. National. All C-S numbers are based on a January 2000 value of 100: So a reading of 349 signifies 249% appreciation since January 2000.
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This is a very simplified, smoothed-out chart looking at major market cycles. It does not reflect any short-term fluctuations within cycles.
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This chart is not based on Case-Shiller analysis, but use county median sales prices per sales reported to MLS:
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The Most Exciting Restaurants in
San Francisco Right Now
These new additions to San Francisco’s culinary scene showcase the care and creativity of our beloved restaurant industry in the face of all odds. Let's all show our support for these brave entrepreneurs and book a res today!
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ReLove is a re-sale boutique offering a curated mix of vintage, designer, and independent labels. We hand select each item and pour love, care and style into each offering. You can also follow them on Insta at @shoprelove
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On the first Friday of every month, over a dozen North Beach galleries, museums, bars, and restaurants stay open late for a self-guided First Fridays Art Crawl with special events to showcase the ever-growing collections of art and entertainment that diversify North Beach.
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3 Burnett Avenue North, Unit 5- Buyer Represented
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9 Bay Vista Drive- Seller Represented
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*Seek advice and counsel of a medical professional and/or officials prior to going outdoors or any items mentioned in the above.
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© Compass 2022 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity.
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