Some other notes: "Condo markets were typically significantly weaker than house markets, seeing declines in both sales activity and in median sales prices. The SF median condo price at $1,195,000 in Q2 2020 was 4% lower than Q2 2019 ($1,250,000)."
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The markets which saw the largest YOY increases in the # of listings accepting offers in June 2020 were the 4 outer Bay Area counties of Monterey (61% YOY increase), Santa Cruz (58%), Sonoma (47%) & Napa (37%). They also have among the lowest population densities in the Bay Area.
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Potential impacts of remote work as seen in Sonoma County's higher-end real estate market:pic.twitter.com/qbiOEMB46i
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Who told you two months ago?https://twitter.com/kimmaicutler/status/1263547736827195393 …
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This data is super cool! do you have a link to the full compass report?
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I looked on their website, but the July report doesn't seem to be up yet. I would've linked to it otherwise.
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Would love to see the full set of data if you can share - I'm curious how volume and listing price mix has changed. Maybe only the highest-price houses are selling?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Bizarre state of affairs for two things that seemingly would be highly correlated and connected. Stock market as well has lost its tether to the real world
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Not that well correlated. Huge disparity in wealth between renters and homeowners in SF
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o thanks local building restrictions ?
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not in the short run
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Bay Area renters