Bay Area home appreciation slows – On The Block
It’s the news buyers have been waiting for and sellers have been dreading: the Bay Area’s rapid price appreciation seems to be showing signs of slowing down, according to the S&P’s Case-Shiller Home Price Index. The index measures home prices across the nation and in 20 metro areas. The San Francisco Metro Area includes San Francisco, Marin, San Mateo, Alameda and Contra Costa counties. Therefore, most of the sales in San Francisco proper fall into the index’s highest tier—above $850,000.The index shows that this tier has seen a more than a 40% increase since 2012, an astonishing degree of appreciation in just two years. The Lower Haight Victorian in the gallery above is a perfect example; it sold for $1.95 million in April 2012 and in August 2014 it sold again for $2.8 million.But home values, while still heading up, seems to be slowing, according to the index
