San Francisco Home Price Increases Break Case-Shiller Records

San Francisco Home Price Increases

Home prices have been increasing at a stunning pace over the last 16 months with April 2013 setting the record for the highest national monthly rise according to the S&P/Case-Shiller Home Price Indicies. Leading the way, San Francisco home price increases had the highest percentage increases of all cities for both monthly and annual figures of the Case-Shiller Indicies. See the top properties in San Francisco.

The Case-Shiller Home Price Indicies, the leading measure of U.S. home prices, showed average home prices increased 11.6% and 12.1% for the 10- and 20-City Composites in the 12 months ending in April 2013. In one month, from March to April, the 10- and 20-City Composites rose a record breaking 2.6% and 2.5%. Thirteen cities posted monthly increases in April of over two percentage points, with San Francisco leading the monthly home price increases at 4.9%.

The recovery has definitely been broad based. The two Composites showed the largest year-over-year gains in seven years. Atlanta, Las Vegas, Phoenix and San Francisco posted year-over-year gains of over 20% in April. Again San Francisco led the pack with the highest year over year home price gains at an astounding 23.9%.

About the Author: Kirk Economos is a licensed real estate broker with Pacific Union International, San Francisco, California and holds the qualification of Certified Commercial Investment Member (CCIM©). He is teamed with his wife, Peggy Economos, as HomesSF.com, representing high-end residential properties.

* Excerpts, Numbers and information obtained from S&P/Case-Shiller Home Price Indicies online at S&P Dow Jones Indicies.

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