Real Data SF

A couple of months ago (gasp!) I promised to post my favorite charts from the UC Berkeley Fisher School of Real Estate and Urban Economics’ symposium on the state of the market.   I then got swamped working on my own development project up in Windsor, north of Santa Rosa, and all my blogging came to [...]

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Last week, Case-Shiller released January data for its closely watched national housing index.  Nationally, things are looking up – well, make that flat.  And that’s good news. In the wonderfully backward language of the report, the index’s year over year rate of decline “improved.”  Basically, we are back to where housing values were a year [...]

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At long last, here’s the promised data on Noe Valley condos and TIC’s.
First, a look back (in anger?) at the make-up of Noe Valley sales in 2009.

Note that there were more than twice as many condos sold as TICs, and more homes sold than condos and TICs put together. (What’s a TIC?  — Check out [...]

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Pretty much everything I said about how single family homes fared in 2009 also applies to the condo/TIC market.   (TIC’s, aka Tenancy In Commons are similar to condos.  For more information on TICs, see my three-part series starting here.)
Condo/TICs hit their all-time highs about a year later than homes did — in July 2008.  But [...]

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Less than two months into the new year and a brand new decade and already 2009 may seem as far away as a bad dream – assuming you still have a job.
It’s hard to remember just how close to the brink of catastrophe we seemed to be just a year ago.  Major financial institutions – [...]

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Catching up on the endless paper-work the other night, I came across that rare thing:  a property that sells twice in a relatively short time with no major renovations performed in the interim.
This “sales matching” technique is what the folks at Case-Shiller use to create their Indexes of property values across the country.  Part of [...]

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Last post, we determined that the current difference between the average (annual) price of a condo and that of a TIC is  $86,000, down from a high of $124,364 in 2006.  (That’s a 30%+ drop, by the way.)  Here’s the chart again (sorry for the funky transparency on the sales volume bars).

That’s useful if you’re [...]

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There are weeks when I look through the new listings on the MLS (Multiple Listing Service) and it seems like there are more TICs for sale than condominiums.  Turns out, this just isn’t true.  Here’s a chart showing relative sales volumes since 2003 (click to enlarge).

Look at that!  Excluding those wonderfully regular dips every Xmas, [...]

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That was the title of an October 27 article in the New York Times, and, as one of my readers and clients pointed out, it’s what I’ve been tentatively suggesting as a possible scenario for this winter. See here, for example.
And, ironically, the gloomy head-line announced yet another “positive” month of data from the Case-Shiller [...]

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Several readers and clients have asked me recently about price per square foot metrics.  Certainly, if you’re trying to figure out how much a home is worth, it helps to get a sense of value by knowing what houses (or condos) are going for in the area on a per square foot basis and multiplying [...]

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