It's deja-vu all over again in San Francisco real estate as prices shoot up alongside the sky-rocketing tech boom. But take heart. Those readers who've been in SF long enough to see such activity at least once already know: Prices shoot up, the bubble pops, they free-fall down, then stabilize. And repeat. And repeat again. Paragon Real Estate offers this information in the nifty graph above, outlining general activity for property values in the city proper over the last three decades. Note that 2013 begins another steep climb for home prices. How far they'll climb before they come down again, and whether they'll ever come down to a more universally affordable level... our magic 8 ball says, respectively "Outlook hazy" and "Don't kid yourself." What do you say, readers?
· San Francisco Market Dynamics [Paragon Real Estate]
· Bay Area Poised to Become Uniformly Unaffordable in 2013? [CurbedSF]
· Your Monthly Analysis: Median Sold Price Trends for San Francisco [CurbedSF]