Latest Case Shiller index just came out. SF home value increased 6% YoY. That’s the wrong way to zero in case you missed it.
If you are looking to buy real estate in San Francisco, I would buy a single family home in Golden Gate Heights, Richmond, Sunset, West Portal, and Parkside.
…best area to buy in San Francisco is Golden Gate Heights, given there are mainly only single family homes. Roughly half the homes in GGH have ocean views, which make current pricing extremely undervalued. If you go to any international city, homes with ocean views trade at 50% to 100% PREMIUMS to the median. Therefore, many savvy buyers are looking for ocean view homes in SF.
Look like @manch is laughing to the bank. Migration within SF from East to West.
Did a check on Redfin. My CU property are now within 5% of ATH in Oct 2018. Come Spring, could see a new ATH 
Samurai said what I have told @dizzyinvestor, historically RE in SFBA starts to recover after ~two years. Already passed two years 
One point, Samurai didn’t mention apartments/ condos. Price appreciation for SFHs only?
He believes in ocean view homes. Problem is with the fog the ocean view is often obscured and can be blocked by neighbors trees. I bet on absolute waterfront in Tahoe. Working out so far
But when did SFBA RE prices decline for it to recover?
Declining since 2016-2018 in most areas. Seem to be rising now.
Covid-19 resulted WFH policy and remote working becomes norm. People left all the appt/dorms in cities (like SFO) and moved to mountain house, tracy…etc all boundary bay area location where cheap homes were there, raised biddings and raised all prices.
It is pretty hard for people to get homes at Tracy, mountain homes and my place Morgan hill. There are plenty of people looking for homes in bay area.
Exactly. He was living in a cave then?
Then why appt prices in SFO has not cratered?
It happened every recessions for SF/SFBA and other cities. 25% to 30% is normally good correction level for rents.
Recent ones
This is old
https://www.sfweekly.com/news/san-francisco-rents-drop-by-double-digits/
Prices haven’t cratered because there are potential buyers like you watching it like a hawk and looking to jump in when you spot a good deal. That’s why it hasn’t cratered.
Well, not necessarily you since you appear to be looking for super sweet deals. Other potential buyers may be happy with a less sweet one. If everyone thinks the market is dead, it will be dead. If others are still finding hope, then it’s harder for you to find what you are looking for.
It’s basically the same as voting for president this year. One may be extremely disgusted by Trump’s lies and arrogance and denial of climate change and this and that, and can’t stand one more day of him in office. At some point you have to wonder why there are still (lots of) people voting for him, given such an a-hole human being as he is. What is so wrong with these people? What in the world are these people thinking? Nonetheless he still got a lot of votes, close to half. If one never even ask himself/herself that question, then it’s hard to say who is in the dark.
There are no good deals. There has never been throughout the entire pandemic. I doubt there will be in the immediate future either till everything crashes down as tension between falling income and holding value and increasing cost continues to grow.
I do not think that we have any more deals at bay area, it is getting hardened further and further on prices.
When all the people on the sideline think there are no deals then will be the time to buy. I am waiting for foreclosures. None on the horizon
Agree with @Jil Forget about good deal even for fixer-upper. I have reached this conclusion 1 year after landed on this ex-orchard. There are far too many street smart# and brainy* people in BA. If you like a house, bite the bullet and overpay. Otherwise, you would be like Patrick in patrick.net (may not be around).
#May not have degree but smart
*Many PhDs, Masters, Degree holders
Just for info, I bought my Primary by estimating the highest bid of buyers and added in the price of a Lexus RX to the bid. I overpaid at the point of purchase but didn’t have to look around for months and months in a fast rising market.
The best fixer upper, at current level, is here but not school district home
https://www.redfin.com/CA/San-Jose/6020-Colter-Pl-95123/home/852889
What next ban using wood.
Wood fireplaces were essentially banned years ago. You can’t use them on any spare the air day, and almost every day is declared one.