FAQ: do condos appreciate in the San Francisco Bay Area

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Real Estate Agent with Compass CA DRE# 01215160

FAQ: I think condo/townhouses appreciate a lot less than single family homes. Is that true?

That's a question I hear from time to time, most recently two days ago. While it might be true in other parts of the county, in the towns of Belmont and San Carlos California, mid-way along the Peninsula between San Francisco and San Jose, the gap is narrowing.

Take a look at these two charts, taken from our Multiple Listing Service:

appreciation-single fam homes

The first chart shows appreciation of 3 bedroom condos/townhouses in the two towns 2014 to date. Appreciation: 35.8% in 5 years. The second chart, same period, but for 3-bedroom single family homes shows appreciation of 36.4%. That is just over 1/2 percent difference.

Would this analysis have the same results in others towns in Silicon Valley? In every neighborhood in San Francisco? What about 2-bedroom, or 4-bedroom homes (4-bedroom condos are scarce.) 

This type of information is something I provide clients and people with whom I'm working when they are trying to decide what is best for them. I analyze towns and neighborhoods within towns; analyze types of properties; analyze price ranges. The more information they have, the better decisions they can make.

Remember, real estate is local, and that means micro-local not only in area, but types of properties and price ranges.

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Topic:
Real Estate Market Trends
Location:
California San Mateo County
Groups:
Local Expert
San Francisco Bay Area Real Estate
Market Reports
Condo Benefits
HyperLocal Neighborhood and Community Posts
Tags:
faq
real estate appreciation
san carlos 94070
belmont 94002
appreciation of condos
appreciate of single family homes

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Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Lottie - very illustrative.  Buy a condo now.  Don't wait.

Jun 05, 2019 04:50 PM #1
Rainmaker
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Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

I wish my buyer would act. I think she'll miss a wonderful deal which will cause her regret. But--if the timing isn't right for her, it isn't right. We will see.

Jun 05, 2019 04:54 PM #2
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Michelle Carr Crowe,Altas Just Call...408-252-8900!
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Lottie,

Thank you for sharing this important data. Hopefully your buyer will recognize and accept your good advice.

Jun 08, 2019 01:33 PM #3
Rainmaker
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Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Looks like she lost out, Michelle Carr Crowe,Altas Just Call...408-252-8900! Timing wasn't right for her.

Jun 09, 2019 01:31 PM #4
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Rainmaker
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Lottie Kendall

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