April 26, 2018

We Did It Again! Record Home Prices!

Great news everyone! Homes in the Bay Area are now less affordable than ever!

Bay Area home prices soar to new record

San Francisco Chronicle, April 24, 2018

The median Bay Area home price surged to an all-time high of $820,000 in March, up 9.3 percent from February and up 14.7 percent from March of last year, research firm CoreLogic reported Tuesday.

The previous peak was $784,000 in November. The report includes newly built and existing homes and condos sold in all nine counties. For the past six months, the median price has risen 12.8 percent year over year on average.

For the fourth consecutive month, Santa Clara and San Mateo counties showed the steepest year over year gains: 33.6 and 25.7 percent, respectively.


Look how amazing this is: prices in every Bay Area country except Sonoma are up.

And don’t worry about Sonoma, they’re still having that fire sale.

You know what’s even more awesome? Burbed readers who are still renting get to share in the excitement, too! Watch your lease renewal to see how you’ll share in the price climbing fun.

Do you live in a neighborhood where prices are actually going down? Or even staying the same? Let everyone know in the comments, and we guarantee you’ll have lots of visitors very very soon.

And once you get enough, you’ll join in the up, up and awayyyyyy delight of bubblicious Bay Area bargains! Oh my gawd, this is so beautiful.

Comments (2) -- Posted by: madhaus @ 3:18 am

2 Responses to “We Did It Again! Record Home Prices!”

  1. madhaus Says:

    Price increases in Santa Clara County continue to astound. Look at that, 3x the rate of San Francisco. Thanks for the spaceship, Apple! And Elon Musk promised us a cyborg dragon!

  2. nomadic Says:

    I’m a little surprised the median is “only” $820k. This round is more crazy than the last bubble. I was expecting things to cool down a bit with the new tax law and rising interest rates.


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