This article first appeared in the PR October 2009
issue of Pro Remodeler.
Population: 4,274,531 (3.7 percent increase since 2000)
Existing home sales: Q2 2009 sales were up 17.9 percent from 2008 and up 41.6 percent from Q1
Home prices
• Down 22 percent from 2008
• Down 42.9 percent from May 2006 local peak
• Down 27.3 percent over last 5 years
• Up 34.8 percent over last decade
Homeownership rate: 56.2 percent (No. 71 among major metros)
Median household income: $72,059
Local unemployment rate: 10.5 percent (up from 6 percent in 2008)
Sources: DataQuick Information Systems, S&P/Case Shiller Home Price Index, U.S. Bureau of Labor Statistics, U.S. Census Bureau
RELATED LINKS
Early Signs of Recovery in Bay Area
The Corner Office: Harrell Remodeling
Data and information on the San Francisco remodeling market