Bay Area Real Estate Trends

Yesterday, Burbed had a guest post from Greg Fielding on Bay Area Case-Shiller tiered data (it’s a reprint of his article from this site).  This is my reply to it, which originally appeared on Burbed in a slightly different form with far more in-jokes than I’ll subject you to here. In case you haven’t been reading any [...]

via Everything You Love to Hate

According to today’s Case-Shiller Home Price Index report, national home prices are back to where they were in 2003. But the housing bubble and bust has been very different across the country. Here is an enormous graphic that shows the famous “history of home prices” chart, going back to 1890, super-imposed with recent data from San Francisco, New York, San Diego, Detroit, Washington D.C., and Miami.

In order to understand the scope of what is being planned at Hunters Point, one must appreciate the history of the area and the community that has grown up around the former Navy shipyard there.

Looking at the market behavior over the last few years reveals some interesting facts about prices in this area, particularly when compared to the three immediately adjacent zip codes, which represent more affluent parts of San Francisco.

In the city of San Francisco, one of the most valuable commodities for any piece of real estate is parking. All other things being equal, homes with parking sell for a significant premium to those without, especially if that parking comes in the form of a private garage.