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California  + Bay Area  | 

Paragon Says San Francisco “Crazy Hot Market – Again”

The June 2017 report on the San Francisco real estate market issued by luxury residential firm Paragon was eye-catching: “Crazy Hot Market – Again.” The findings revealed feverish buyer competition for a deeply inadequate supply of home listings, which drove the San Francisco median home sales price in May to $1.5 million, $100,000 above the previous monthly peak.

That’s roughly 7% above its previous monthly high. Paragon notes it is not unusual for median sales prices to spike in spring, and then decline thereafter as the market starts to cool for summer, thus spring median prices do not immediately become the new normal.

Paragon says the luxury home market in the city has mostly bounced back from the cooling it experienced late-2015 through 2016, but, generally speaking, is still not quite as strong as it was in spring 2015.

Key performance indicators

  • San Francisco median condo sales prices also hit a new peak at $1.2 million, $20,000 (1.7%) above its previous high
  • Bay Area new peak median house sales prices hit in either April or May in:
  • San Mateo $1.49 million
  • Marin $1.35 million
  • Diablo Valley/Lamorinda $1.28 million
  • Alameda $875,000

For comments, questions or concerns, please contact Dennis Kaiser

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Inside The Story

Read more at Paragon

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Economy
  • ◦Sale/Acquisition
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