San Francisco Housing Prices Compared to Other Cities Worldwide

As residents of the San Francisco Bay Area, it comes as no surprise to us that housing prices in San Francisco are among the most expensive in the country. What you may not realize, is that according to The Economist(1) San Francisco is one of the most expensive cities in the world, based on housing costs, and year over year rising prices. The Economist considers San Francisco a “Globalized City” because it attracts people from all over the world for the economic opportunities along with the desirable climate and geography.

San Francisco has the third highest house-price inflation in the world, over the last 3 years, following only Sydney, Australia and London, England. After San Francisco come Shanghai, China, Vancouver, Canda and Berlin, Germany.

What’s interesting about San Francisco housing prices is that they correlate at a 93 percent rate with the monthly movements of the NASDAQ, because the area’s economy is so tech-heavy.

Because of the soaring housing prices in San Francisco, many residents are making the move to Oakland and other East Bay cities, where prices are lower, and the commute into San Francisco isn’t too bad with BART. The Oakland Hills, Berkeley, Piedmont and Montclair are among some of the very desirable areas that are starting to see greater than average housing price increases.

About Anian Tunney

Anian Tunney is an agent broker with The Grubb Company. According to statistics collected by East Bay Regional Data, Inc., she was the 2014 number one real estate agent in Piedmont, CA for the number of units sold and sales volume. In 2014 she was The Grubb Company company-wide top producer. Additionally, Tunney has been number 1 in yearly real estate sales for The Grubb Company’s Piedmont office for the last 8 years. Anian was also ranked 129th in the Nation by REAL Trends the Thousand in July 2015. She is known for her knowledge, experience, and network in the Piedmont community; qualities which are invaluable for finding that special home or buyers for her clients.

A fifth generation Piedmont resident, Tunney has been with the Grubb Company for over 30 years. She raised her family of four in Piedmont and is active in community projects such as the Piedmont Beautification Foundation, the East Bay Museum Auxiliary, and the Piedmont school district. Her grandmother, Amy Sutton, was a real estate agent, and now Anian works with her daughter Adrienne Krumins, making Piedmont Realty truly a family vocation. Tunney negotiates with grace and clarity of purpose. She can be contacted at 510-339-0400 ext 217, and at tunney(at)grubbco(dot)com. Her website is aniantunney.com.

Contact Information

Anian Tunney
The Grubb Company Real Estate Brokers
Oakland, CA 94611
510-339-0400 ext 217
tunney(at)grubbco(dot)com
aniantunney.com
aniantunney.com/blog

http://www.economist.com/news/finance-and-economics/21695912-valuations-...

http://sf.curbed.com/2016/4/6/11381270/san-francisco-real-estate-inflation