Sunday, April 29, 2012

San Francisco - Asking Price History

Inferences:
1.      The natural floor of the low-end housing market in SF bottomed in 2009 around $220,000. A similar pattern exists for the median prices.
2.      The higher percentile comes with more “beta,” as a result of fragmented demand / supply, reflecting the changing preferences of both buyers & sellers.
3.      Inventory growth has been stagnant, and falling since 2008—stabilizing prices.
4.      The gap between the low-end and median price is more consistent. This represents the skew in real estate distribution, where the highest priced homes can dramatically displace themselves from “the norm.”

The direction of the colorful lines is less known, but the proportional movements between them are worth a reflection.

Make it a great day.