An elegant white clock featuring 'DANIELLE LAZIER REAL ESTATE LOGO' on a sleek black background.Vivre Real Estate logo

Home Prices still on the rise in San Francisco reports the S&P/Case-Shiller Home Price Index

October 30, 2012

Continued Surge in San Francisco Home Prices according to the S&P/Case-Shiller Home Price Index


The S&P/Case-Shiller Home Price Indices for August 2012 were released today and the US housing market is staying strong!  The good news: home prices continue to rise in August 2012.  According to the S&P press release, "average home prices increased by 0.9% for both the 10- and 20-City Composites in August versus July 2012.".  This is the fifth consecutive month of gains reported by the index. The slightly bad news for our neighbors to the North (and by North, I mean Seattle, Washington): while all other cities tracked in the indices recorded positive monthly gains in August, Seattle prices declined 0.1% over the month.

In San Francisco, there was a 0.5% change in the index from July 2012 to August 2012.  Keep in mind, the Case-Shiller Home Price Index tracks metropolitan areas. The San Francisco Metropolitan Area includes Alameda, Contra Costa, Marin, San Mateo, and, last but not least, San Francisco Counties.

Here is an excerpt from the press release (make sure to check out the full press release for an in-depth look at the statistics and valuable charts):

“Home prices continued climbing across the country in August,” says David M. Blitzer, Chairman of the Index
Committee at S&P Dow Jones Indices. “Nineteen of the 20 cities and both Composites showed monthly gains
in August. Seventeen cities and both Composites posted positive annual returns in August 2012. In 18 cities and
both Composites annual rates improved in August versus July. Dallas’ rate remained unchanged at +3.6% and
Chicago worsened slightly from a -1.0% annual rate in July to a -1.6% annual rate in August.

...

“The sustained good news in home prices over the past five months makes us optimistic for continued recovery
in the housing market.

“News on home prices confirms other good news about housing. Single family housing starts are 43% ahead of
last year’s pace, existing and new home sales are also up, the inventory of homes for sale continues to drop and
consumer mortgage default rates are reaching new lows. Further consumer confidence continues to rise. Even
as we end the seasonally strong home buying period, the statistics are positive. For the fifth time in a row, both
Composites had monthly gains.”

Additional coverage on the August  2012 Case -Shiller index can be found on CNN Money - it's worth a read (and it's short).

Yelp logo
286 reviews
View All
Zillow logo
204 reviews
View All
Danielle Elazier Realtor on Google My Business- image of Google my business logo
204 reviews
View All

Danielle lazier real estate team

We care deeply about our clients and our commitment to exemplary results. Working with us should be a good fit for you. If you feel our team is the right fit for you and you’d like to talk with Danielle to make sure, contact us today for your complimentary initial consultation.
Contact Me

Do You Need Another Real Estate Newsletter?

Probably not. Yet, in our biased opinion, you should definitely sign up for our twice-monthly email for market insights, webinar invites, local news, gorgeous homes, and more. We never share or sell your information. And, when you’re ready to work with us, please email or call to discuss your plans. We’d love to help!
Consent
Danielle Elazier botanical illustration - 3 different California poppy flower branches. Black and white with line art
Danielle Lazier REAL ESTATE
Privacy PolicyAccessibility StatementTermsCalifornia Privacy PolicyCCPAYour Personal Info
View Full Street Address SAN FRANCISCO, CA 94114 (415) 528-7355 ©2012 VIVRE REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY. ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED AND SHOULD BE INDEPENDENTLY REVIEWED AND VERIFIED.
enteruserclockcross