As we step into February, we hope you will take a moment to scroll down and review our monthly newsletter to keep abreast of the pulse of our San Francisco real estate market.
Contact us! We’re here to help you and your friends with any real estate questions … in general or specific to any property.
In the meantime, be well!
As of early February, the government shutdown is over –
» Read more about: San Francisco Real Estate Heading into the 2019 Market »
The CoreLogic S&P Case-Shiller high-price-tier Home Price Index for the 5- county San Francisco Metro Area, illustrated above by the blue line, applies best to more expensive Bay Area housing markets such as most of San Francisco, Marin, San Mateo and Diablo Valley/Lamorinda. The SF Metro low- and mid-price tiers had much more dramatic bubbles …
Continue reading “30+ Years of Bay Area Real Estate Cycles”
Let’s see what’s happening in our Autumn Market …….
- Listing inventory has climbed….
- Sales volume has dropped….
- and the numbers of price reductions and expired listings have increased….
- Luxury house sales & Luxury condos hit a new sales peak for the month of October….
- But the number of listings hit a new all-time high.
» Read more about: Mixed Signals in San Francisco Real Estate Market »
Due mostly to seasonal issues, median sales prices typically drop in Q3 from Q2 peaks, and did so this year as well. The median SF house price was up 15% and the median condo price was up 4% from Q3 2017. The other Bay Area counties also saw substantial year-over-year increases in median home sales prices in Q3 2018.
New Listings & Price ReductionsSeptember is always a big month for new listings coming on market in San Francisco –
» Read more about: San Francisco Early Autumn Market Report »
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,
» Read more about: The Multi-Unit Residential Property Markets of San Francisco, Alameda & Marin Counties »
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,
» Read more about: CoreLogic S&P Case-Shiller Home Price Index Update »
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.
» Read more about: San Francisco Real Estate Market Report »
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 …
Continue reading “Diablo Valley & Lamorinda Mid-Year Report”