San Francisco Real Estate Market Cycles Single Family Homes
$2,500,000 1970s Change Era Shelter to Commodity
1980s Adjustment Era Wealth Creation
2020 Coronavirus Global Pandemic
1990s Information Era Knowledge-based Economy
2021 YTD
$2,026,540 $2,001,538
$2,000,000
$1,947,958 $1,891,752
Average Sales Price
$1,730,979 2008 Lehman Bros Collapes
$1,500,000
1978 Birth of VIR
$1,000,000
1975 Wellenkamp vs BofA 1973 OPEC Crisis
1987 Meltdown Monday
1980 Federal Reserve Raises Rates to Curb Inflation
$1,664,163 $1,466,945
$1,204,245 $1,105,067
1989 Loma Prieta Earthquake
2000 NASDAQ & Dot Com Collapse
1990-1991 National Recession
1980-1982 2 National Recessions 23 Months
$500,000
2001 8 mos National Recession and 9/11 Attack
$1,777,381
$961,689
$948,399
$693,404 $343,567
$313,540
$126,134 $48,538
$36,500 $0
1970
$125,657 1972
1974
1976
1978
1980
1982
1984
Compiled by Sotheby's International Realty, San Francisco
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
Data Sources: SFAR MLS Sales Data. Housing - Early years personal research, later years San Francisco Association of Realtors. Economic History - National Bureau of Economic Research
2016
2018
2020