Data analyzed by brokerage Compass shows that San Francisco, long known as a pricey city, has seen prices fall by large margins since 2021.
Data analyzed by Compass shows the Golden Gate city — once pegged as the hottest real estate market globally — has since fallen fast.
“San Francisco went from being the hottest office market in the world to just about the weakest,” Carlisle added. The report highlighted that high-rise housing intended to accommodate hundreds of thousands of workers who inundated the city each morning. But with people now working from home, demand for it has dwindled.has since been attributed to the area’s high crime rate and growing homeless population, which Carlisle explains has affected the “quality of life ambiance” that the city once offered.
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