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Real Estate Roundup: China Home Price Growth Far Outpaces San Francisco

October 10, 2016 by Pacific Union • Posted in Weekly Real Estate News Roundups Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. SAN FRANCISCO RANKS LOW ON GLOBAL HOME PRICE APPRECIATION SCALE California and the Bay Area are popular destinations for affluent Chinese homebuyers, thanks in part to excellent educational opportunities, thriving economies, and pleasant weather. And even the high-priced Bay Area remains a bargain by global real estate standards — particularly China — as a new report underscores. That’s according to Realtor.com, which examined the top 150 global markets for home price appreciation based on a study by Knight Frank. Six of the top 10 markets for highest annual appreciation were in China, led by Shenzhen, where home prices grew by a staggering 47.4 percent in the second quarter. Shanghai ranked No. 2, with 33.8 percent appreciation, followed by Nanjing at 35.1 percent. The only U.S. city to rank in the top 20 for annual home price growth was Portland, Oregon, with 12.6 percent growth. San Francisco was even further down the list at No. 58, with 6.5 percent annual home price appreciation. According to Realtor.com, one reason that appreciation in San Francisco is slowing is because prices are already so high that there is little room for additional growth. SONOMA COUNTY: HOME TO MORE STARTUPS THAN SAN FRANCISCO San Francisco and Silicon Valley have long been known as hotbeds of tech startups, but Sonoma County is beating them both in terms of job growth by new businesses. Citing data from the U.S. Census Bureau, cost-information website How Much says that startups...