How did the San Francisco Bay Area real estate market end the year 2018?
Bay Area home sales were up by 1 percent year over year in 3018, while the median price rose by 12 present.
The Chief Economist of Compass, Selma Hepp, also shares that:
- Santa Clara (Silicon Valley) and Sonoma (think wine country) ended the year with sales declines, while San Francisco outpaced the previous year with a 9 percent increase.
- Sales of homes priced higher than $1 million outstripped 2017 activity by more than 20 percent.
- Overall, the Bay Area's 2018 median home prices were up by 12 percent from 2017, with Santa Clara County posting the larges increase at 20 percent.
For more detailed analysis, read Hepp's full report.