Market Trends on the San Francisco Peninsula

"If we buy this place for 900k now, How much do you think we should be able to sell it for in say 2019, or 2020?I understand the future is uncertain, just asking for your estimate."
 
Questions of this type often are asked by buyers In our high-cost area. They are, naturally, a bit shell-shocked by prices and concerned about the future.
 
Not only does appreciation vary from town to town, it varies between single family homes and condos/townhouses. It varies in different price points.
 
To give this particular buyer some idea of what he might expect, based on the past since we can't foresee the future, I pulled historical data in the area and type of properties which interest him the most. 
Appreciation, 5 years, one areaAnother way to look at the same data:
Graph, appreciation, one neighborhoodDoes this assure the buyer that a property will appreciate in value over the next 1 or 2 years? No, we can't foresee the future, but we can see what has happened in the past. Appreciation as has ranged between 4.08% and 14.54% each year over the last 5 years, for a total appreciation of over 58% in 5 years. 
 
Is buying a home or investment property a good idea in the Silicon Valley and San Francisco peninsula? Everyone must decide for him- or herself. I can tell you that I have bought a property in the last couple of years and am happy to have done so.

--- Come for a visit; Stay for a lifetime!

Lottie Kendall, Realtor®

Compass

CA DRE#10215160; 650-465-4547

Lottie@LottieKendall.com

www.LottieKendall.com

Peninsula Living Business Page

www.SFCondosForMe.com

 

 

Comment balloon 11 commentsLottie Kendall • January 20 2018 05:21PM
Market Trends on the San Francisco Peninsula
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