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
Category: Stats & Numbers
$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
August Case-Shiller Index | San Francisco Bay Area
The new S&P Case-Shiller Index for August was just released on Tuesday. The prices for homes in the upper third of prices – which dominate in most of San Francisco, central and southern Marin, and central Contra Costa – ticked down a tiny bit in summer, exactly as they did last summer. These short-term fluctuations … Continue reading August Case-Shiller Index | San Francisco Bay Area
#2 Maximum Overbid Of The Week, Because The #1 Is Too Common
I’m going to go ahead and skip the #1 at 38 Yukon, because it’s…well…just another $1200 per square foot sale of a small condo in a hot neighborhood. Instead, have a look at the #2 spot, which goes to 35 Rolph in Crocker Amazon: A 1350 square foot, two bed, one bath home in the … Continue reading #2 Maximum Overbid Of The Week, Because The #1 Is Too Common
Maximum Overbids Step Aside…Meet The Underbids
For nearly a decade (maybe more), I’ve blogged about overbids. It’s tiring. It’s time for something new. Last week I mentioned condo prices dropping 3% from August to September, and I’m not saying the market is crashing, but you should be aware that not EVERYTHING sells over asking, including the oh-so-rare single-family home. That’s right, … Continue reading Maximum Overbids Step Aside…Meet The Underbids
Active Listings By Price Segment and Property Type
These Broker Metrics charts track weekly number of Active Listings over the past 6 months (early May to mid-October): SFD, under $1m Active Listings – weekly inventory just below 6 month average, about same level as spring, lowest number of active listings since early July. Condo, under $1m Active Listings – autumn inventory levels well … Continue reading Active Listings By Price Segment and Property Type
Maximum Overbid Of the Week | Avenues Getting In the Game
If you price it low enough, like silly low, you can always claim “Sold for $400,000 over asking!” Neighbors, check your mailboxes and get ready for the postcards to arrive any day for this property that sold right along the lines of recent comparable sales. This week’s winner of the top spot on the Maximum … Continue reading Maximum Overbid Of the Week | Avenues Getting In the Game
San Francisco Condo Prices Down 3% Since Month Prior, Up 15% YTD
SAN FRANCISCO CONDOMINIUM PRICES DECLINED 3 PERCENT IN SEPTEMBER FROM PREVIOUS MONTH, UP 15 PERCENT FROM LAST YEAR Resale Inventory Surpasses Two Months of Supply for First Time in Two Years According to The Mark Company Trend Sheet San Francisco – October 14, 2015 – San Francisco condominium prices declined 3 percent from the previous … Continue reading San Francisco Condo Prices Down 3% Since Month Prior, Up 15% YTD
The Spread Of Million Dollar Homes In San Francisco
Check out this interactive map of the spread of million dollar (or more) single family home listings in San Francisco since March 2010: [Source: Trulia] I’m not sure I like this…
The San Francisco Real Estate Market Report | October 2015
Home-Buying vs. Gold & Apple Stock – as an Investment, Median Home Price Appreciation & Neighborhood Values, the City’s Most Expensive Condo Buildings…it’s all below. Read on dear Reader, read on! The autumn selling season started with a large surge of new listings right after Labor Day, but it will be another month or so … Continue reading The San Francisco Real Estate Market Report | October 2015
Luxury vs. non-luxury Market and the price of overpricing
We’ve always known that seasonality plays a big role in real estate, but this MSI chart shows 1) that the lower-priced (under $2m) market has the most competitive supply and demand dynamic, and 2) how much more seasonality affects the luxury home end of the market. Homes under $2m ebb and flow by season, but … Continue reading Luxury vs. non-luxury Market and the price of overpricing
San Francisco Home Prices Remain High, affordability index stays low
What an interesting Summer! We are still in the midst of a hot real estate market where homes are getting quickly snatched up, buyers are stretching to pay over asking. The recent stock market gyration and Chinese currency devaluation add some uncertainty to the economy, and later this month the Fed is going to tell … Continue reading San Francisco Home Prices Remain High, affordability index stays low
Will Stock Market Panic Humble San Francisco Real Estate
The stock market has gone crazy in the last couple of days, but does it have any significance to the San Francisco real estate market? I’d like to share with you this interesting analysis from our marketing analyst. He doesn’t profess to be a Nobel Laureate in Economics, so take this analysis for what it’s … Continue reading Will Stock Market Panic Humble San Francisco Real Estate
Where to Buy a Home In San Francisco For Your Money
The charts below are based upon 2015 YTD transactions reported to MLS by July 24, 2015 . We’ve generally broken out the neighborhoods with the most sales within given price points. To a large degree, if you’re buying a house in San Francisco, your price range effectively determines the possible neighborhoods to consider. That does … Continue reading Where to Buy a Home In San Francisco For Your Money
Maximum Overbids Of the Week | $625,000 Over In Noe Valley | 291 Square Foot Studio Sells For $415,000
And the winner is…682 Duncan for a mere $625,000 over asking, and just shy of $1600 per square foot: Address BR/BA/Units DOM List Price Sold Price Overbid 682 Duncan Street 3/2.00/N/A 12 $1,050,000 $1,675,000 59.52% 430 Nevada Street 2/1.00/N/A 27 $699,000 $1,065,000 52.36% 1520 15th Street 2/1.00/N/A 22 $799,000 $1,175,000 47.06% 2219 25th Avenue 2/1.00/N/A … Continue reading Maximum Overbids Of the Week | $625,000 Over In Noe Valley | 291 Square Foot Studio Sells For $415,000
Millennials – Listen Up – Go To College – Buy A House
A College Degree is Key for Millennial Homeownership in the San Francisco Bay Area, say my friends at Trulia. They just shared this with me (after a few edits to my liking), so I’m sharing it with you. To go to college, or not? This is one question many millennials ask themselves. For households between … Continue reading Millennials – Listen Up – Go To College – Buy A House