It seems like real estate in the Bay Area will never look like its pre-pandemic self again.
2021 was a wild year for real estate all across the country, but in San Francisco, where real estate hasbeen a bit wild, the remarkable year was striking. Records were broken and set all across the region, and as we look to 2022, it seems that real estate in the Bay Area will never look like its pre-pandemic self again.
In San Francisco, that demand was insatiable. The typical U.S. home sold for nearly $400,000, up 24.4% year-over-year. Meanwhile, in San Francisco, that price was $1.5 million. Pushing these prices is record-low inventory across the country, Redfin data shows. There were just 1.38 million homes for sale in June, down 23% year-over-year, which was a historic low. Inventory was down in San Francisco again as well, though historically, inventory has always been tight in the seven-by-seven square mile city.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Bay Area restaurants that closed in December 2021The list includes longtime favorites that have now closed after decades in business.
Read more »
Demand for COVID testing grows as Bay Area returns from holiday breakA mass testing site at Diablo Valley College in Pleasant Hill is set up but all the appointments are booked as of Tuesday morning.
Read more »
The distant Bay Area town forever changed by a masterpiece'It seems like just about everyone has seen the movie, or is tied to it in some way.'
Read more »
Bay Area residents struggle to find OTC COVID test kits and testing sitesOmicron has created a situation where finding test sites that can accommodate you, or even finding do-it-yourself tests, can be a challenge, though not an impossible one. There are hit-or-miss situations folks are facing as they seek confirmation of their COVID status.
Read more »
COVID: Tests find hundreds of Bay Area students infected before return to classAt-home COVID-19 tests helped identify hundreds of infected students and teachers, preventing them from returning to school sick, but test shortages frustrate many parents.
Read more »