Bubble? What Bubble?
San Francisco home prices heading for Mars
Yes, it’s that time of year when we soar into the stratosphere to check out the latest on the San Francisco housing market. According to Paragon Real Estate:
“Despite anxiety about interest rates, financial markets, housing affordability, unending international crises, and possibly over-valued, high-tech unicorns, the Q4 2015 San Francisco median house sales price, at $1,250,000, is up about 11% from Q4 2014.”
As for condos:
“The Q4 condo median sales price, at $1,125,000, is up 13% year over year, but that is influenced by the greater percentage of more recently built, and more expensive, units in the sales mix.”
Speaking of which:
More information from Paragon Real Estate here.