Archive for the ‘Market Conditions’ Category

Bay Area Median Sales Price at Highest Level in More Than Six Years

April 18, 2014 by Pacific Union

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The median sales price for Bay Area homes jumped 23.2 percent in March from a year earlier, while sales volume fell 12.9 percent. Unsurprisingly, a tight supply of available homes on the market explains both numbers.

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San Jose Area Ranks High on Housing, Economic Recovery List

April 10, 2014 by Pacific Union

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The San Jose region is outpacing the U.S. housing market and economic recovery and currently ranks as the sixth best-performing large metro area in the country.

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Northern California Vacation Home Sales Are Riding a Wave

April 8, 2014 by Pacific Union

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Vacation destinations in Northern California are seeing strong growth in second-home sales as the economy continues to improve and homeowners regain equity in their primary residences.

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Freddie Mac: Bay Area Housing Markets Gaining Strength and Stabilizing

April 3, 2014 by Pacific Union

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The San Francisco metro area ranked 13th among the nation’s top 50 metro markets in terms of stable housing conditions, while San Jose placed 10th. Conditions in the Bay Area and California are improving and moving steadily toward a more-stable market.

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San Francisco Region Continues Streak of Vigorous Home Price Gains

April 1, 2014 by Pacific Union

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The San Francisco metro area is just one of two U.S. regions where year-over-year home prices have grown by more than 20 percent for the 11th consecutive month, according to the January S&P/Case-Shiller Home Price Indices. Drilling down even further shows healthy increases in individual Bay Area regions, most notably Sonoma Valley.

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Freddie Mac Issues Bright 2014 Housing Forecast

March 25, 2014 by Pacific Union

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Job growth is a key to rising home sales in 2014, according to Freddie Mac, and that suggests a good year for Bay Area real estate markets.

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Home Prices in Three Bay Area Counties Near the Million-Dollar Mark

March 20, 2014 by Pacific Union

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If home prices in certain parts of the Bay Area continue their steady rise, more buyers will find themselves staring at seven-figure price tags in the near future.

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California Distressed Home Sales Plummet Over Past Five Years

March 14, 2014 by Pacific Union

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Rising home prices across the Golden State have caused the number of distressed sales to decline significantly since the midst of the housing meltdown. In the Bay Area, the recovery has been even more impressive, with most of our counties posting fewer distressed sales than the statewide average.

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Jobs, Liquidity Boost Southern San Mateo Real Estate: Prices Growing More Than 200 Percent Faster Than Sales

March 10, 2014 by Pacific Union

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The thriving local economy is helping fuel rapid price increases in four San Mateo County communities, where the median sales price and price per square foot have far outpaced the number of units sold over the past three years.

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Buying a Home in the Bay Area Is Still More Affordable Than Renting

March 4, 2014 by Pacific Union

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Even with a sustained rise in home prices over the past year, buying a home is significantly cheaper than renting one in the Bay Area.

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