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$1M+ San Francisco Bay Area Home Values Up Again

The value of San Francisco Bay Area homes worth at least $1M (and currently averaging $3.45M) rose 3.8% from the 2nd to 3rd quarter of 2014 and is 14.3% higher on a year-over-year basis.

 

If you purchased a $1M+ home at the “bottom” of the current cycle (Q3 2011), you would have gained 38.4% in value. For reference, the last “peak” was Q3 2007 and we are now 11.8% above that.

 

As for San Francisco proper; roughly 45% of all home sales have been above the $1M mark over the past year.

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