South Bay Market Trends Report - November 2020

South Bay Real Estate

November 2020 Report Focusing

Mostly on City Market Dynamics 

The long-term median sales price chart below is similar to those for counties around the Bay Area - a significant spike in median house prices since the pandemic struck in early spring. (Bay Area condo markets have not seen comparable increases in prices.) 

As mentioned before, recent jumps in median house prices have been driven not only by appreciation in fair market values, but by large increases in expensive home sales. Affluent buyers have made up a significantly larger percentage of Bay Area home purchases since the pandemic hit.