The big political issue facing the market is CA Prop 10, which, if passed in November, repeals the limits on local rent control laws enacted in the Costa-Hawkins Rental Housing Act. This would almost certainly have negative ramifications for owners of multi-unit residential properties in San Francisco and Oakland. The CA Legislative Analyst Office does a good job summarizing the issues: Prop 10 Review. Prop 10 is currently creating something of a shadow on the larger apartment building market,
The CoreLogic S&P Case-Shiller Home Price Index does not evaluate median sales price changes, but employs its own proprietary algorithm to measure home price appreciation over time. Since its indices cover large areas – for example, the San Francisco Metro Area is comprised of 5 counties – which themselves contain communities and neighborhoods of widely varying home values, the C-S chart numbers do not refer to specific prices, but instead reflect prices as compared to those prevailing in January 2000,
As we step into the autumn market, let’s take a look in the rear view mirror and review year-to-date stats as the final quarter of 2018 unfolds. Any questions or needs, let us know!
September is typically the single month with the highest number of new listings coming on market in San Francisco, a big spike in inventory which fuels the relatively short autumn selling season. » Read more about: San Francisco September Newsletter »
We are pleased to announce that Paragon Real Estate has joined forces with Compass in order to deliver a new level of support and service for our clients. Founded in 2012, Compass is a real estate technology company now operating in 30 regions with over 90 offices across the United States, including New York City, San Francisco, Los Angeles, Chicago, Boston, Seattle, Washington D.C., Dallas and Miami. With the merger, the Compass Bay Area team consists of more than 500 agents closing more than $4.5 billion in annual sales volume.
Let’s all look at how Seasonality affects market conditions and trends. It’s important to review timing options when marketing a property. We get this questions a lot, and there is no absolute true answer as it depends on the property type, location, pricing, current inventory, weather, etc.. Let’s take a look to understand a best approach to capture the market as a buyer or seller. Call us anytime to discuss Seasonality relative to your real estate needs. » Read more about: Seasonality: How Market Dynamics Change by Season »
Annual Median Home Price Appreciation since 1996 including Market Values by City, Bedroom Count & Price Segment, Luxury Home Sales & Where Best to Look in Your Price Range. Enjoy this Mid-Year 2018 Report. Diablo Valley & Lamorinda, SF, CA & U.S. Median Home Price Trends Annual Median Sales Price Changes by Dollar and by …
Check out our June Newsletter – A review of the Bay Area Market by County and Product Mix. Hope you enjoy this update. We are always here to address any questions and assist with any real estate needs.
The county and city appreciation percentages in the chart above were calculated by averaging changes in both median sales prices and average dollar per square foot values. We also incorporated S&P Case-Shiller SF metro area calculations based upon its algorithm breaking the market into thirds by price segment. » Read more about: Bay Area Market Survey: From Billionaires in Mansions to Flippers & Fixer-Uppers »
Affordability – A topic I’ve watched change in the 31 years I’ve been servicing the bay area market for buyers and sellers. Let’s take a current look.
The California Association of Realtors recently released its Housing Affordability Index (HAI) for the 1st quarter of 2018, which measures the percentage of households that can afford to buy the median priced single family dwelling (house).
In this analysis,
Let’s check out what the Luxury market is doing in San Francisco. And what is “ultra-luxury” …….Read on and enjoy this update.
As seen in the chart below, so far in 2018, SF luxury home sales have been very strong, higher than in any previous year since the recovery began in 2012. The recent stock market volatility notwithstanding, the economic confidence that has been sweeping the nation is also showing up in our luxury home markets. » Read more about: San Francisco Luxury House, Luxury Condo, Co-op and TIC Markets »
Let’s take a look at the Hottest Neighborhoods in SF. Check out the map provided in the overview. The neighborhoods and districts circled on the map have seen compound annual appreciation rates of 12% or more over the past 6 years. And the highest rate in San Francisco over the same period was 18% in the Bayview. The market remains strong with limited inventory. Have a question, contact us anytime.
Before discussing neighborhood values, » Read more about: SF Residential Newsletter: Hottest SF Neighborhood Markets »