Bay Area Home Prices: 1990 - Current Day

Hindsight is 20/20. Looking at the big picture and understanding the factors that were at play in ups and downs can help us see where we are headed. Let's take a 30,000 foot view into the Bay Area real estate for the last 28 years.

The above chart gives us insight since the 1990s of our special Bay Area home market. In the early 1990s, Bay Area real estate was stagnant after coming off a 1980s boom. The mid 1990s rose due to the first dotcom boom. The recession hit the entire nation in 2008 due to bad loans and a poor economy. In 2012-2018 we have been a 6 year recovery. We have exceeded the previous 2007 peak. Since beginning my real estate career in 2015, homes in the Bay Area have continued to rise.

I have had many conversations with strangers and clients curious about whether we are headed into a crash. While there are many factors at play, the difference between now and 2008 is we have much more stringent loan standards with a strong US economy and the local job market that seems to be performing well. While I suspect the next few years may not be growing at 20% year over year -(this has been seen in some parts of the Oakland these last few years).  I do not foresee a fall in the coming years rather a possible slow down in appreciation.

Thank you Patrick Carlisle from Compass for this super rad information and graphic.