SAN FRANCISCO NEW CONSTRUCTION CONDOMINIUM PRICES DECLINED 1 PERCENT FROM PREVIOUS MONTH, UP 2 PERCENT FROM A YEAR AGO. RESALES PRICES DECLINED 10% FROM PREVIOUS MONTH, DOWN 6 PERCENT FROM A YEAR AGO. Though San Francisco pricing dropped for the fifth consecutive month, contract absorption at new developments indicates that the 2016 selling season is … Continue reading New Construction Condo Prices Up, Resale Condo Prices Down
Category: Stats & Numbers
From Overbids To Underbids, What’s Our Market Going To Do?
Remember this NOPA multi-unit that went from $1.6M to $822k? Check out this 50% ownership in a Cole Valley 4 unit Victorian that just sold for 13% under asking after being on market for 51 days. In case you didn’t get that…that’s a two unit purchase into a 4 unit building, which you will own … Continue reading From Overbids To Underbids, What’s Our Market Going To Do?
San Francisco Single Family Real Estate Appreciation since 2011
The information below is provided by Paragon Real Estate Group, enjoy: In the last 5 years, San Francisco real estate market rebounded and went crazy hot, but how much did it really appreciate? Below is a great analysis from Paragon that shows you the data using median sales price. This post is specific to houses, … Continue reading San Francisco Single Family Real Estate Appreciation since 2011
Underbids All Over The Map | San Francisco
Did you miss the Top 10 Overbids last week? Don’t worry, SFGate has em posted, but since it’s Monday (well it was yesterday), we like to bring you the weekly top 10 Underbids. Sounds like SFGate might recap them there too, so keep your eyes peeled. The top dogs are a variety this time around. … Continue reading Underbids All Over The Map | San Francisco
Maximum Overbid: Severely Damaged, No Electricity, Not Habitable, But Still Top Dog
You gotta love a market (as a seller) where an agent can use the most eloquent of beautifully descriptive words to sell such a wonderful property, in such immaculate condition and still easily (likely with stacks of offers) get a property sold. From the marketing: A complete TEAR-DOWN! Beyond the external frame, this home is … Continue reading Maximum Overbid: Severely Damaged, No Electricity, Not Habitable, But Still Top Dog
Last Underbid of the year: Marina Home Wins
It’s the last Monday of 2015, everyone is out celebrating and the market is slow and quiet, but there are still properties closing every day, and some going significantly under asking. The top 3 homes of the top 10 Underbid that closed in the last 2 weeks were sold more than 10% under asking (does … Continue reading Last Underbid of the year: Marina Home Wins
42.5% of SF Renters Are Cost – Burdened
Forty-two and one half percent of SF renters are cost-burdened, compared to 51.8% national average, study shows. Apartment List recently analyzed Census data from 2007-2014, to see which cities and states have the most cost-burdened renters (those spending more than 30% of their income on rent). Nationwide, 52% of renters are cost-burdened, up from 24% … Continue reading 42.5% of SF Renters Are Cost – Burdened
$2,000,000 Under Asking In Pacific Heights…Actually $1,925,000 But Who’s Counting
If that $200,000 underbid from a few weeks ago seems like a good deal to you, have a look at this seven bedroom Pacific Heights Single Family home at 2660 Scott (you must click that link…the pictures are amazing), which was listed in September at $15,000,000 and closed last week at $13,075,000. Almost $2,000,000 under … Continue reading $2,000,000 Under Asking In Pacific Heights…Actually $1,925,000 But Who’s Counting
San Francisco | December 2015 Real Estate Market Update
San Francisco Real Estate Report, December 2015 Market Update. – Heading into the Holiday Slowdown after an Interesting Autumn Market – Median home prices, over-bidding, housing affordability, luxury home sales, the new-home construction pipeline, and comparing the Shanghai and S&P 500 stock indices ———————————————————— Median sales prices in October and November jumped back up to … Continue reading San Francisco | December 2015 Real Estate Market Update
September Case-Shiller – San Francisco Clearly On A Plateau
The S&P Case-Shiller Index for the San Francisco Metro Area covers the house markets of 5 Bay Area counties, divided into 3 price tiers, each constituting one third of unit sales. Most of San Francisco’s, Marin’s and Central Contra Costa’s house sales are in the “high price tier”, so that is where we focus most … Continue reading September Case-Shiller – San Francisco Clearly On A Plateau
Pacific Heights Condo Goes 11% Under | Elevator Ensures Minimal Neighbor Contact
Last week it was this Bernal Heights home that went 20% under asking, thus claiming the podium position. The winner this week is an ultra-deluxe condo in one of the most sought-after neighborhoods on the “North End” of town, Pacific Heights. This home at 2955 Pacific has views, a deck, a formal dining room perfect … Continue reading Pacific Heights Condo Goes 11% Under | Elevator Ensures Minimal Neighbor Contact
San Francisco New-Home Construction Report
The SF Planning Department just released updated Q3 information regarding the new-housing development pipeline. San Francisco is in the midst of one of its biggest new-housing construction booms in history. (The same is occurring on the commercial development side, but this report won’t deal with that.) Indeed, it often seems that new projects of one … Continue reading San Francisco New-Home Construction Report
Housing Affordability and Market Corrections
A look at San Francisco Bay Area housing affordability trends over time and how they intersect with real estate market corrections: The 2008 San Francisco Bay Area real estate crash was not caused just by a local affordability crisis: It was triggered by macro-economic events in financial markets which affected real estate markets across the … Continue reading Housing Affordability and Market Corrections
Top 10 Underbids | Would You Believe 20% UNDER Asking In Bernal?
The market is cooler…no doubt.. Is it seasonal, or longer term? Time will tell. As you saw last week, Overbids are still rampant, but more and more emails are coming to me, “Still Available”, “Offers as they come”, “Motivated Seller”, etc. Could we be approaching the year of the buyer? Out of the 10 Underbids … Continue reading Top 10 Underbids | Would You Believe 20% UNDER Asking In Bernal?
Luxury Home Segment Cools | “Affordable” Homes Market Remains Competitive
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
$440,000 Under Asking | Personal Chapel Maybe Included, Wallpaper Definitely
It only took seven months, but in the end, it got there. SOLD for $440,000 UNDER asking! You read that correctly, this 6-bedroom single family home in Mission Terrace at 100 Delano Avenue just closed $440,000 below the original (back in March) asking price of $1,600,000. After a price chop to $1.5, then $1.4, then … Continue reading $440,000 Under Asking | Personal Chapel Maybe Included, Wallpaper Definitely