Like a bear coming out of hibernation, the San Francisco real estate market is waking up from its Summer slumber and new inventory is flooding the market. As of the time of this post, this week alone San Francisco has seen 254 new listings (of all property types) hit the market since Monday. That’s more … Continue reading San Francisco Real Estate Micro Market Update – Plus 3 Off Market Gems
It’s an interesting time in the San Francisco real estate market. If you’re one with the ocean, it’s like being caught between the in and out-going tides (the slack). We made it through the Summer Doldrums, hit the Fall listing frenzy and now we are stuck. Still many multiples of properties flying off the shelf … Continue reading San Francisco Real Estate Market Shifts – Will It Last?
By now, many of you have not only seen, but forwarded and asked us about this recent New York Times article, Thousands of New Millionaires Are About to Eat San Francisco Alive. There’s been a podcast on NPR about it (Upcoming Tech IPOs Already Influencing Bay Area Real Estate), the real estate forums are lighting … Continue reading Before You Think San Francisco Gets Eaten Alive By More Tech Millionaires, Read This
It’s Friday! You made it to the end of the week, and if you’re like me, you made it to the beginning of the school year. Although, I will say, entertaining those kids of mine is a helluva lot more fun than sending emails and blogging…but I’m not complaining. Anyway, you made it to Friday, … Continue reading No Real Surprise: Homes Still Selling Way Over Asking
Oh my, oh my…it’s like a kid in a candy store. So many choices, what is one to do!? As of right now (12:10pm) there are 168 new listings that have hit MLS in the last 24hrs…that’s nuts, but expected. There are some gems in the mix, like the most expensive home to hit MLS, … Continue reading It’s On! Tons of New Listings | A $12M Glen Park Estate For Sale | Overbids | Market Data, Data, Data
Recently featured in the San Francisco Chronicle, Paragon’s Chief Market tracking guru, and yours truly had a few things to say on the matter. The annual cycle starts in January and February, when buyers return to the market after the near-dead holiday season but find little to choose from and start bidding up prices. By … Continue reading When is the best time of year to buy or sell a home?
The new April Case-Shiller Home Price Index for the Bay Area counties of SF, Marin, San Mateo, Alameda and Contra Costa, released 7/7/15, reflects the middle of our spring market. (The Index is released 2 months after the month indicated.) All home price tiers saw further increases. Since the April Index is a 3-month rolling … Continue reading New Case-Shiller reflects continuing appreciation of SF Bay Area home prices this spring
In case you don’t get sfnewsletter (I posted this there), here is our November 2015 San Francisco Real Estate Market Report, including 11 Custom Charts: ———————————————————— San Francisco led the Bay Area and the nation when its real estate recovery began in early 2012. Within the city itself, the more affluent neighborhoods led the rebound … Continue reading Luxury Home Segment Cools | “Affordable” Homes Market Remains Competitive
Below is an excerpt from the San Francisco Market Focus Report published by the San Francisco Association of Realtors. Despite Seasonal Summer Slowdown, SF Housing Market Continues to Show Strength as Pending Sales Rise With many buyers, sellers, and agents away on vacation at this time of the year, the San Francisco housing market is … Continue reading San Francisco Real Estate Summer Doldrums Ending, Lake Merced Homes More Popular, Surfing Ocean Beach Still Off Limits To Most
Not a whole lot of inventory has hit the market this week. A quick glance at the MLS today shows 43 new SFR (single family residence) listings. Of them, two are in the Sunset, three in the Excelsior, two in Crocker Amazon, two in Portola, and one in Bayview. All of the other new SFR … Continue reading The doldrums
Lots of chatter (as usual) on one particular local blog regarding the continued decline of real estate, and the world for that matter. (We get it, we really do. At least they’ve chosen to beat white elephants now along with their dead horses.) What we’d like to show you is something that is still happening, … Continue reading Comparing A Fuji To A Macintosh (We Ain’t Talking Electronics)
Labor Day is behind us, which typically marks the beginning of Real Estate season. Many buyers are waiting for that special place to hit the market, and many sellers are getting their homes ready to place in the increasingly critical public eye, and hoping they sell prior to the looming Holiday Doldrums. More and more … Continue reading Labor Day is over…now what?
In case you missed it, or aren’t yet receiving it, sfnewsletter put out their weekly market update on Friday. Here it is: “Charts, Data, Trends Just when you thought we’ve run out of ways to describe to you what is happening in this market, we come up with a lesson on the Intertropical Convergence Zone … Continue reading Market Update from sfnewsletter
Even if the market has cooled, and properties are seeing price reductions, they are still selling. There is a technique to employ that usually leads to the same outcome: Reduce, and Sell, and we might add, don’t panic. Case in point, 411 Banks, a two bed, one bath, 1600 square foot single family home in … Continue reading Reduce and Sell, Reduce and Sell (411 Banks in Bernal)
“Bay Area’s housing prices buck national trend, Median cost is up 6.6%, driven by strong upscale market, but number of homes sold is down 20%” (source: SFGate) “-The Bay Area appears to be shaking off the nation’s housing doldrums. Local home prices are still going through the roof, even though far fewer properties are changing … Continue reading Is What We’ve Been Saying for Months Finally Catching On?