Hi Gang,
Our Paragon Marketing gurus recently sent out a chart highlighting neighborhood appreciation in San Francisco since our real estate recover began.
Over the past 3 years, in our latest market recovery, San Francisco neighborhoods have typically appreciated 40 – 50%, with an overall increase of approximately 44%. This correlates well with the Case-Shiller Index for the Metro Area, which estimates appreciation in the range of 42% – 46% for Bay Area mid and high-priced homes. As one can see in the percentages in red, most of the city’s neighborhoods have now exceeded, often by substantial margins, their previous peak values before the bubble popped. However, some of the neighborhoods hit hardest by the sub-prime crisis are still below their previous peaks.
Good stuff! I love to see my city, and the Bay Area in general, enjoying such incredible appreciation.
