San Francisco Home Prices Reach All-Time High
San Francisco’s residential market not only remained strong in the second quarter of 2015, but hit an all-time high: the median sale price reached $1,185,000, a 20% increase over Q2 2014. The median price per sq. ft. ($915) — up 10% Q-o-Q and 15% Y-o-Y — mirrors the trend for median sale prices and marks another…
Median Sale Price Reaches 8-Year High in Los Angeles County
The median sale price in L.A. county reached $485,000 in the second quarter of 2015, a peak which was last seen 8 years ago (in Q4 2007), shortly before the onset of the financial crisis. Compared to Q1 2015, the price represents a 7% increase while compared to the same quarter last year it’s a 9%…
Get Ready for This Year’s San Francisco Real Estate Networking Event Organized by PropertyShark
It’s happening on August 4th and you’re invited! This year’s San Francisco Real Estate Networking Event organized by PropertyShark will kick off on August 4th at Redford. You should be there if you’d like to connect with fellow professionals from all niches of the real estate industry. When: Tuesday August 4th from 5PM to 10PM Where: Redford, 673 Geary St., San…
3 Reasons Why You Shouldn’t Miss PropertyShark’s Real Estate Networking Event in L.A.
Get ready! The perfect real estate event to stay productive this summer without losing the vacation mood is almost here. On July 30th, we’ll be in Los Angeles hosting PropertyShark’s Annual Networking Event. You should be there — it’s the best chance to meet with fellow real estate professionals and enjoy a great evening at a great location! When: Thur., July 30, 5PM to…
Zoom In: L.A. County Zoning Map Shows What You Can Build and Where in Los Angeles
If you’ve ever built in Los Angeles County, you probably know that one of the main challenges you may be facing at the beginning is not knowing where the best areas for development are. While there are many resources out there which provide specific information at the local level, researching each of them can be very time consuming. That’s why it would be…
L.A. Median Home Price Climbs to $475,000 in May, the Highest Value This Year
After three consecutive years of growth, the L.A. housing market has gotten even hotter in the first months of this year. Both home prices and sales went up in May, although at a slower pace compared to the previous months. As you can see in the table below, the median home sale price in May reached a peak value of $475,000, slightly up from…
Infographic: The Billions Traded in Real Estate
If you need help putting into perspective the billions that get traded in real estate, the latest research done by our friends at RENTCafé comes in handy. The infographic they created shows that the value of all U.S. homes amounts to a staggering $26,500 billion, which is twice the value of all homes in Canada and the U.K. combined; the total…
Zoom In: Where Are the Most NYC Pre Foreclosures Hiding?
Locating pre foreclosures — distressed properties which haven’t yet hit the auction block — in the tight NYC real estate market is not an easy thing. These properties have a special status because they are not yet foreclosures and cannot be found on regular listing websites. When investors search for pre foreclosures, the first thing they do after…
The Cheapest Home Sales in Silicon Valley’s Most Expensive Zip Codes
Can you call some of the most expensive zip codes in Silicon Valley home and still pay under $1 million? Taking into account the transactions closed in May in Silicon Valley’s hottest zip codes, the answer would be … only if you don’t mind living in a condo! The only properties we found under $700,000 were 3 one-bedroom apartments in Belmont…
America’s Best Cities for Religion
If you think religion, which U.S. city first comes to mind? While we know that a city with many places of worship doesn’t necessarily become a “religious city,” we were still curious to find which of the largest metropolises have the most religious venues per population density. For this, we looked into our database of over 18 million properties and,…
Zoom In: Crime Incidents in Los Angeles
Are you considering a property in Los Angeles and would like to know how safe the area is? Run a quick neighborhood crime analysis with the help of our Los Angeles Crime Map and find out what crime incidents took place in the area of your interest last month. And just so you don’t think that Los Angeles…
Los Angeles’ Skyline Sees Impressive Changes (2007 and Now)
Has Los Angeles‘ skyline changed a lot since 2007? Judging from the before-and-after slideshows published by our colleagues at RENTCafé, there’s been quite a lot going on in terms of development in California’s largest city. Here’s how two of the downtown areas which have seen the most impressive changes looked back in 2007/2008 and how they look right now:…
Zoom In: The Hot Spots of Brooklyn Condo and Coop Sales Closed during the First Quarter of 2015
A total of 1,108 co-op and condo sales have been recorded during the first quarter of 2015, down 5% from the same quarter last year, shows the Corcoran Report, developed in collaboration with PropertyShark. The median sale price was $550K, a 25% increase Y-o-Y. Get “the big picture” of Brooklyn’s sales activity by checking out our updated Brooklyn Sales…
Top 10 Home Sales in San Francisco Nearly Hit a Combined $100M in Q1 2015
The top 10 home sales recorded in San Francisco during the inaugural quarter of 2015 stand as testament to the city’s booming real estate market — nothing below $5M. This might not be too surprising taking into account that the San Francisco area’s current median price for a single-family home stands at over $1 million. Without further…
Multifamily Rents Scored a Second All-Time High in April: $1,105
The latest YardiMatrix Monthly report  published by our colleagues at Pierce Eislen shows that after a slight decline in March, US multifamily rents resumed their upward trend in April. Nationally, the average rent reached $1,105, only $3 below the all-time high recorded earlier this year in February. Top performing rental markets On a national level, rents grew by 4.3% Y-o-Y, with…
Homes of the Super-Rich: NYC’s Top 10 Most Expensive Home Sales in Q1 2015
Following a strong 2014, the New York City residential real estate market continued to heat up in Q1 2015. Scroll down to see the countdown of the top 10 most expensive home sales recorded in the first quarter of 2015: 10. 300 Central Park West #4D Sale price: $12,750,000 Sold by movie star Bruce Willis, the majestic three…
How to Determine the Market Value of a Property Using PropertyShark’s Comps
In real estate, evaluating local market conditions is a must before committing to any kind of deal. One of the easiest and most efficient ways to determine how much a property is worth is by running a comparables search. And we’ll show you how. Search for recently sold homes in the same area as your target…
Top 10 Priciest Neighborhoods in San Francisco
Famous for its eclectic architecture, artsy vibe, rolling hills and steep streets, San Francisco has also become synonymous with pricey real estate in recent years. To see exactly what ‘pricey’ means here, we looked at home sales across the city to find the neighborhoods that registered the highest median prices for sales completed in 2014….
NYC Home Prices Up 2% in 2014, Luxury Market Thriving
In New York City, the real estate market is as hot as it has ever been. Whether it’s local or international buyers, everybody wants a piece of the Big Apple. This huge demand for urban living has driven property prices up over the past 5 years, with the median price for a NYC home peaking at…
L.A. Housing Market Heating Up in 2014, Median Price at Five-Year High
The Los Angeles residential real estate market boasted strong sales volumes and rising sale prices in 2014, mainly fueled by increased demand, low inventory levels, and consistent job growth. Median home prices have gone up 11% over the past year, making 2014Â the third consecutive year of growth for the local real estate market. Median price…
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