San Francisco Diamond Heights Neighborhood Overview
Diamond Heights is one of the smaller neighborhoods occupying an area of only 0.3 square miles. As a result, it is one of the least dense neighborhoods.
Diamond Heights is one of the smaller neighborhoods occupying an area of only 0.3 square miles. As a result, it is one of the least dense neighborhoods.
Across the Bay Area, markets have continued to slow and cool. As illustrated in this report, dramatic demand, inventory, overbidding, price reductions, and year-over-year appreciation rates have usually occurred. Buying and selling continues: [...]
Leaning into Market Headwinds, Year-over-Year Appreciation Rate Falls The impacts of this year's severe economic headwinds – soaring inflation and interest rates, stock market declines, fears of recession – on Bay Area real estate [...]
Clear Indications of Cooling Market Dynamics Sales are declining, and the numbers of active listings and price reductions are increasing. But the homes that are selling are still, on average, selling quickly for [...]
Amid Dramatic Home-Price Gains to New Peaks, Preliminary Signs of Markets Shifting Cooler In April 2022, the Bay Area continued to see appreciation, overbidding and days-on-market reflecting extremely intense demand. But sales are [...]
Updated real estate data for Diamond Heights, San Francisco
Sales were robust in Q1 for all property types, but the supply of house listings in particular was very low. However, as of March 31st, mortgage interest rates have skyrocketed 50% in 2022, with a particularly large jump in March.
So far in 2022, Bay Area real estate markets appear largely unfazed by higher interest rates, volatility in financial markets, and troubling international events. The prevailing dynamic remains one of strong buyer demand competing for an inadequate inventory of listings for sale.
2022 Begins with Mixed Economic Indicators. 2021 was one of the most frenzied real estate markets ever, with buyer demand far exceeding the supply of listings available to buy – and all the usual indicators, including home price appreciation trends, reflected this severe imbalance.
Most CA REALTORS noticed at least one of the following changes in buyer preferences since the pandemic: Opting for bigger home (22%); less concerned about commute (22%); buying house instead of condo/townhome (21%); opting for suburban instead of city location (19%); choosing rural instead of urban or suburban location (13%)