Home prices in the San Francisco area fell more than five points over the national average, to 20.2 percent during the first quarter of the year. The national average for home prices decreased by 14.1 percent throughout the same time period.
The San Francisco area, defined as San Francisco county, Alameda county, Contra Costa county, Marin county and San Mateo county, only experienced a 3.5 percent decline in home prices between February to March; which is considerably a much more positive indication of the housing trends for home owners in the region.
These latest figures are reported by the S&P / Case-Shiller home-price index, an index that has substantial credibility due to the fact the it measures price changes of the same houses over time; according to Carolyn Said, writer for the San Francisco Chronicle.
“The biggest problems are being felt in outlying regions, while the core of San Francisco is still relatively strong”, stated Said.
Said’s article continues to discuss additional market reports for many other prominent housing markets across the nation, read the article in its entirety by clicking here.
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We are seeing the same thing here in Austin the central areas are doing better while the outlying areas are suffering.
This blog has obviously been doing a great job with reporting on housing stats in the San Francisco area for a while now. There’s such a great need for regional reports like this – especially as national real estate sales data means nothing, really – as markets are so unique.
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