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San Francisco home prices are on the rise, says Black Knight

MarcoMarchi / iStock.com

Black Knight Financial Services released its January 2016 residential real estate transactions report, the Home Price Index (HPI). Released on March 28, the report found that home prices are up 5.3 percent on an annual basis, and up 0.1 percent from the previous month.

Some notable points of the report include:

The west coast of Florida dominated the biggest movers metros.

Naples, Punta Gorda, Cape Coral and Sarasota are all located on the west side of the state. California dominates the bottom 10 metros, with Bakersfield ranking in the top spot falling 0.9 percent.

The state of California saw no change in home prices in the last month, however on an annual basis the state saw a 7.4 percent increase in prices.

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San Francisco hit a new peak in January 2016. The HPI was $728 in January, which was a 0.4 percent increase over the previous month.

San Francisco home prices are 73.5 percent higher than when the market hit rock bottom. On an annual basis, the HPI increased 11.4 percent in January.