Wednesday, 13 February 2008
Location, Location, Location
I’m back in the Bay Area for work, and out of curiosity I thought I’d check in on the housing market here. After updating my super-secret source of housing sales, I tried something new; charting price paid for square foot by county.
This was on a tip from Mark Mansour, a fellow recent Melbourne homebuyer; although it’s not perfect, valuing just by land size is a simple, frank and easy-to-calculate assessment of price.
Here are the results; I filtered out homes whose habitable square footage was near the land size, to try to remove apartments.
The interesting things to note;
- San Francisco is expensive, and strong;
- The Peninsula and Marin have flattened out, but aren’t dropping (at least in nominal value)
- The East Bay, Napa and Sonoma are starting to dip, in nominal and real terms.