The median sales price hit an all-time high for both single family houses and condo/loft/TIC’s in May. The incredibly tight supply coupled with strong demand pushed the prices up and the overbids as well. Single family homes sold at a median overbid of 114.7%, the highest since October, 2015. Condos sold at a median of … Continue reading San Francisco Real Estate Market Recap May / June 2017
Category: Stats & Numbers
San Francisco Median Home Price Hits All Time High
San Francisco’s continued hot housing market reflects the incredibly strong full-employment economy that the Bay Area and the U.S. is experiencing. Not only is unemployment in San Francisco historically low (3.3%), but also the number of employees who are involuntarily part-time is falling and older workers are remaining in the work force longer. The impact … Continue reading San Francisco Median Home Price Hits All Time High
San Francisco Real Estate Market Report, March 2017
The San Francisco real estate market continues to experience strong buyer demand and an exceptionally low number of homes and condos for sale. The strong demand is supported by a clean sweep of positive economic indicators just posted by The Conference Board, which reported that consumer confidence is at a 15 year high, and the … Continue reading San Francisco Real Estate Market Report, March 2017
San Francisco Real Estate Market Report | February 2017
Wait for it…it’s a big Infographic loaded with data that is sure to slow down your personal gaming console, but you’ll be happy you waited. Got questions? I have answers. Just give us a shout.
State Of The Real Estate Union
If you had to guess, what would be the most common question you think a Realtor is asked? “What’s my home worth?” No. “Should I stage my home when I sell it?” No. “Do you think interest rates are going to rise?” No. All very close, and all very common questions we certainly answer more … Continue reading State Of The Real Estate Union
Real Estate Porn For The People…
Who came down with a heavy case of the Mondays…and Tuesdays, Wednesdays, Thursdays, and Fridays? I did. Right here. I know you all want the great real estate porn that got you on this site in the first place, but I’ve been busy, so I figured I’d make your life, and my life, easier…here you … Continue reading Real Estate Porn For The People…
In San Francisco More Households Making Over $150,000/year Choose To Rent Than To Own
Check out this report the kind folks over at RentCafe just sent me: “With all the talk about renters being squeezed out of the housing market and new high-end construction pushing up rents, we’ve decided to take a close-up look at Census data and see who’s actually driving today’s rental marketplace. We’ve put all our … Continue reading In San Francisco More Households Making Over $150,000/year Choose To Rent Than To Own
The Rise Of the Underbid
It used to be this Top 10 Underbids list was made up largely of the “ugly ducklings”…the properties nobody wanted…the overpriced “shoot for the stars” sellers…or the homes that just had too much hair on them. Not anymore. Check ’em out. The market has shifted for sure. Buyers…wake up! There are deals to be had … Continue reading The Rise Of the Underbid
San Francisco Market Report
Britain’s June vote to exit the EU has already had an impact on the market in the US, including here in San Francisco. Mortgage rates have dropped almost a quarter of a percent, making the monthly payments on our pricey housing slightly more affordable. The result is that it will support continuing increases in sales … Continue reading San Francisco Market Report
May 2016 Central San Francisco Market Conditions
District 5’s (See SF Districts Map Here) April numbers continue their strong upwards trend with their highest ever median sales price of $2,287,500. Year-over-year, the median price is up 8.9%. Resale Condo/Loft Median Prices Resale condo-loft median prices have resumed the downward trend that started last September with a brief uptick in January and February. … Continue reading May 2016 Central San Francisco Market Conditions
May 2016 Market Report | San Francisco
We saw first quarter median Single Family Home prices in San Francisco jump with their biggest percentage increase (5.6%) in a decade, and in April’s numbers continue this strong upwards trend. The median price in San Francisco was $1,380,000 in April, the highest ever, and a 4.5% increase over March (yikes!). Resale Condo/Loft Median Prices … Continue reading May 2016 Market Report | San Francisco
Pacific Heights Co-Op Asks $4.2M Gets $3.8M, And Those Views…
Some things just never get old (like me), and some things never go out of style, like 2170 Jackson #3, which clinched this week’s top spot on our Underbid list by selling 10.59% under it’s $4,250,000 asking price at a cool $3,800,000. I can hear you all gasping either sighs of relief, gasps of ahhh, … Continue reading Pacific Heights Co-Op Asks $4.2M Gets $3.8M, And Those Views…
Portola Mid Century Fixer Crowned Maximum Overbid Of The Week
Well this isn’t a location we see too many insane overbids (Portola)…alas 172 University Street did have the keywords “fixer” and “mid-century”, which right there is enough to drum up a frenzy, which it did: list price $799,000 to a sales price of $1,195,000 (that’s $396,000 in case you didn’t do the math). Personally, I … Continue reading Portola Mid Century Fixer Crowned Maximum Overbid Of The Week
San Francisco Real Estate Market Splitting In Two
The reports are starting to come in, with Paragon, Sothebys, Pacific Union, I also touched on the subject in my last sfnewsletter, and now our very own Keller Williams team reporting the same thing…a softening condo market (mostly in areas in and around SOMA), and still very robust single family homes market, especially under $1.5M, … Continue reading San Francisco Real Estate Market Splitting In Two
A Perfect Match, TeedHaze & The Goods…Where Are You?
As much as this blog is all about real estate, it’s also all about me (Alex) and what I do to not only help my clients, but also my colleagues. For many years I’ve been dabbling in little ventures here and there to help my colleagues do more deals, and give their clients valuable real … Continue reading A Perfect Match, TeedHaze & The Goods…Where Are You?
Golden Gate Heights Fixer Sells $455,000 Under Asking, But Still $1.9M
Hey! We’re back. What a great vacation (in Hawaii), and great to see even when I’m surfing, you’re all still browsing. So, on with the show… Monday was a travel day, so Tuesday is all about the Underbid, and this week a sweet little fixer with amazing carpeting, staging, painting, and lighting (Oh yeah, there … Continue reading Golden Gate Heights Fixer Sells $455,000 Under Asking, But Still $1.9M