According to the latest Case-Broker Index, San Francisco Single Family home prices are down nearly 40% from their highs in 2006. Really? If homes were selling in San Francisco now for 40% off 2006 prices they wouldn't stay on the market more than about 24 hours.
So where does this number come from? The Case-Shiller statistics for "San Francisco" are actually talking about the "San Francisco Metropolitan Statistical Area" (MSA), not just the city, which includes surrounding counties that have some areas that got devastated on values.
Anyone can cite statistics to prove just about any point. In fact, prices have dropped in the city of San Francisco only about 20% over the last 5 years, making it one of the strongest markets in the country. And even that statistic is misleading because some neighborhoods lost much less than that and some much more.
Bottom Line: Don't rely on headlines to guide your Real Estate decisions. If you're thinking about buying or selling, do your own research, find experienced pros you can trust to give you real world information, and make the right decision for you.
For more information or no-strings expert seller consultations contact:
Lance R King/Founder Managing Broker
King Realty Group
King Realty Group - Better Service. Better Price. Better Results
Questions? Ready to Get Started?
Call 415.282.2280 or email us today