While the pace of sales generally picked up from the January highs in most Bay Area regions in which Pacific Union DBA Compass operates, most regions saw relatively lower prices compared to last February when the robust spring price growth began.
SAN FRANCISCO — SINGLE-FAMILY HOMES
While increasing from the month before, San Francisco February’s median prices of single family homes stood at $1,505,000, down 11.5 percent compared to the year prior. Pace of sales picked up again after slower winter months and averaged 28 days, only 3 days slower than last February. See San Francisco single-family-home market statistics for February.
SAN FRANCISCO — CONDOMINIUMS
At $1,142,500, the median sales price for a San Francisco condominium increased 5.3 percent from last year, and while the average premiums declined, condominiums still generally sold over asking price. Days on market also picked up and averaged 37 days, up from 35 days last year. See San Francisco condominium market statistics for February.
#condominiums #singlefamilyhome #SanFrancisco #compass #compasseverywhere #bethanywpatten
- Talk of the Town - different opinions on the 2019 IPO effect on Bay Area housing market.
When Uber and Airbnb Go Public, San Francisco Will Drown in Millionaires
Housing Madness — As the idea of the coming I.P.O.-palooza took on currency, sellers started pulling their houses off the market. The broader California housing market has softened, and home sales are down.~The New York Times
Jack Sachs, illustration; Shutterstock, crowd.Credit
Versus
How New Tech IPOs Could Cause SF Bay Area Real Estate Prices To Fall Further
Everybody is getting pumped about the new wave of tech IPOs in 2019 and 2020. The default assumption is that these tech IPOs will bring in huge demand and drive SF Bay Area real estate prices up.~Financial Samurai
ALEX ZYUZIKOV/GETTY IMAGES
#Uber #Lyft #Airbnb #Pinterest #IPO #compass #compasseverywhere #bethanywpatten
Uber, Lyft, Airbnb and Pinterest plan to go public. As the idea of the coming I.P.O.-palooza took on currency, sellers started pulling their houses off the market.
SAN FRANCISCO — Big wealth doesn’t come in monthly paychecks. It comes when a start-up goes public, transforming hypothetical money into extremely real money. This year — with Uber, Lyft, Slack, Postmates, Pinterest and Airbnb all hoping to enter the public markets — there’s going to be a lot of it in the Bay Area.
View full detail @bethanywpatten
#Uber #Lyft #Airbnb #Pinterest #compass #compasseverywhere #bethanywpatten
Transit ridership is down in nearly every major U.S. city across the country. The prevailing narrative is that those riders are being tugged away by cars, most notably, cars operated by Uber and Lyft. Improving transit service might be enough to win riders back, but will cost cities money. What if there was a cheaper, more nimble solution cities could deploy? A new study suggests cities might boost ridership by doubling down on bike share.
Read full article @bethanywpatten
#Transit #ridership #Uber #Lyft #CA #compass #compasseverywhere #bethanywpatten
