May 26, 2015
Single-family home and condominium values within the San Francisco Metropolitan Area gained 3.0 and 4.5 percent respectively from February to March, according to the latest S&P Case-Shiller Home Price Index.
The San Francisco index for single-family homes is running 10.3 percent higher on a year-over-year basis and is within 5.7 percent of a 2006 peak, having gained 52 percent since January of 2010.
The index for the bottom third of the market gained 1.8 percent in March and is running 12.8 percent higher versus the same time last year; the index for middle third of the market gained 3.1 percent, up 10.2 percent year-over-year; and the index for the top third of the market jumped 3.9 percent in March to a new all-time high and is up 10.1 percent year-over-year.
S&P Case-Shiller Index: San Francisco Single-Family Home Values
San Francisco condo values gained 4.5 percent in March and are running 13.2 percent higher on a year-over-year basis, 11.3 percent higher than at the previous cycle peak reached in October 2005.
S&P Case-Shiller Index: San Francisco Condo Values
For the broader 10-City U.S. composite index, home values gained 0.8 percent in March and are 4.7 percent higher on a year-over-year basis but remain 16.0 percent below a June 2006 peak.
Our standard SocketSite S&P/Case-Shiller footnote: The S&P/Case-Shiller home price indices include San Francisco, San Mateo, Marin, Contra Costa, and Alameda in the “San Francisco” index (i.e., greater MSA) and are imperfect in factoring out changes in property values due to improvements versus appreciation (although they try their best).
Articles and photos sourced from: www.socketsite.com
