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San Francisco Home Prices, Market Conditions & Trends April 2024

San Francisco Home Prices, Market Conditions & Trends April 2024

Q2 May See the Hottest Market Since the Peak of the Pandemic Boom.  

Sonoma County Home Prices, Market Trends March 2024

Sonoma County Home Prices, Market Trends March 2024

The factors at play include a rebound in repressed buyer demand, the low inventory of homes for sale, the significant drop in interest rates since autumn, a surge in consumer confidence, financial markets hitting all-time highs, and a growing confidence that the Bay Area is going to be the center of the next big technology

Lamorinda Home Prices, Market Conditions & Trends March 2024

Lamorinda Home Prices, Market Conditions & Trends March 2024

The market is heating up is illustrated across a range of indicators included in this report, indicators which will almost certainly continue to improve in coming months. Spring is typically the strongest selling season of the year.

Napa County Home Prices, Market Conditions March 2024

Napa County Home Prices, Market Conditions March 2024

The factors at play include a rebound in repressed buyer demand, the relatively low inventory of homes for sale, the significant drop in interest rates since autumn, a surge in consumer confidence, financial markets hitting all-time highs, and a growing confidence that the Bay Area is going to be the center of the next big technology boom (Al).

 


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Diablo Valley Home Prices, Market Trends & Conditions March 2024

Diablo Valley Home Prices, Market Trends & Conditions March 2024

The factors at play include a rebound in repressed buyer demand, the low inventory of homes for sale, the significant drop in interest rates since autumn, a surge in consumer confidence, financial markets hitting all-time highs, and a growing confidence that the Bay Area is going to be the center of the next big technology boom (AI).

Santa Clara County Home Prices, Market Conditions March 2024

Santa Clara County Home Prices, Market Conditions March 2024

Santa Clara County currently has the hottest county real estate market in the Bay Area, and probably ranks among the hottest in the country. The factors at play include a dramatic rebound in repressed buyer demand, the low inventory of homes for sale, the significant drop in interest rates since autumn, a surge in consumer confidence, financial markets hitting all- time highs, and a growing confidence that the Bay Area and Santa Clara County in particular – is going to be the center of the next big technology boom (AI).

Marin County Home Prices, Market Conditions & Trends March 2024

Marin County Home Prices, Market Conditions & Trends March 2024

Along with substantial macroeconomic improvements in interest rates (though they ticked up a little in February), financial markets which recently hit all-time highs – and consumer confidence, these factors are also triggering a recovery in its housing market.

Oakland-Berkeley Inner East Bay Home Prices, Market Trends March 2024

Oakland-Berkeley Inner East Bay Home Prices, Market Trends March 2024

Confidence is rebounding in San Francisco’s future as a financial and cultural center, as the center, along with Silicon Valley, of the next big technology boom (Al), and simply as one of the great cities of the world.

San Mateo County Home Prices, Market Conditions March 2024

San Mateo County Home Prices, Market Conditions March 2024

The Market Accelerates Rapidly Moving into Spring. There is a growing sense that in 2023 San Francisco hit its post-pandemic low – economically, socially, and certainly in media coverage and that it has now begun a significant recovery on all those fronts.

San Francisco Home Prices, Market Conditions & Trends March 2024

San Francisco Home Prices, Market Conditions & Trends March 2024

The Market Accelerates Rapidly Moving into Spring. There is a growing sense that in 2023 San Francisco hit its post-pandemic low – economically, socially, and certainly in media coverage and that it has now begun a significant recovery on all those fronts.  

Sonoma County Home Prices, Market Trends February 2024

Sonoma County Home Prices, Market Trends February 2024

The economy continues to outperform due to solid job and income growth, while household formation is increasing at rates above pre-pandemic levels.    

Lamorinda Home Prices, Market Conditions & Trends February 2024

Lamorinda Home Prices, Market Conditions & Trends February 2024

Mortgage rates have been stable for nearly two months, but with continued deceleration in inflation, rates are expected to decline further.

Napa County Home Prices, Market Conditions February 2024

Napa County Home Prices, Market Conditions February 2024

Although affordability continues to impact homeownership, the combination of a solid economy, strong demographics and lower mortgage rates are setting the stage for a more robust housing market.

Diablo Valley Home Prices, Market Trends & Conditions February 2024

Diablo Valley Home Prices, Market Trends & Conditions February 2024

Spring, typically the most active selling season, will probably result in substantial changes in these indicators.

Santa Clara County Home Prices, Market Conditions February 2024

Santa Clara County Home Prices, Market Conditions February 2024

January statistics based on closed sales – sales prices, sales volume, days-on-market, overbidding percentages – will mostly reflect listings that went into contract in late 2023, the slowest market of the year.     .    

Marin County Home Prices, Market Conditions & Trends February 2024

Marin County Home Prices, Market Conditions & Trends February 2024

The supply of condo listings is considerably higher, and while condo and house sales numbers are similar, condo inventory is 130% higher.     .    

San Mateo County Home Prices, Market Conditions February 2024

San Mateo County Home Prices, Market Conditions February 2024

The inventory of house listings remains very low compared to pre-pandemic norms, and the demand vs. supply dynamic is very tight in that segment: One of the big questions in 2024 is how many homeowners, having held off listing their houses since mid-2022, move forward with selling.     .  

Oakland-Berkeley Inner East Bay Home Prices, Market Trends February 2024

Oakland-Berkeley Inner East Bay Home Prices, Market Trends February 2024

With dramatic improvements since October in interest rates, stock markets and consumer confidence, both buyers and sellers are re-engaging to a much greater degree, and the velocity of the market is accelerating.

San Francisco Home Prices, Market Conditions & Trends February 2024

San Francisco Home Prices, Market Conditions & Trends February 2024

Open house visitor numbers have surged, new listings coming on market have risen, the pipeline of coming listings is filling up faster than last year, and the number of homes going into contract is climbing rapidly as the market wakes up.  

Sonoma County Home Prices, Market Trends January 2024

Sonoma County Home Prices, Market Trends January 2024

With interest rates falling, media coverage turning more positive, Al companies expanding in downtown, and economic conditions and consumer confidence rebounding, the direction is trending positive for San Francisco real estate.  


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