As we step into August and move towards the Autumn sales season, time to review Q2 – commonly the hottest market of the calendar year – and the statistics reflect a very strong spring 2019 market. Let’s see how things look as we move towards September – typically the single month with the highest number of new listings.
If you have questions regarding your property value, or have friends or loved ones who desire market info, » Read more about: San Francisco Real Estate August 2019 Report »
Summer Greetings – Let’s now take a look at the second Q – 2019 to see how SF Real Estate has performed. If you have any questions or needs, just let us know. We are here to assist you and anyone you know with their real estate needs. Wishing you a great Summer.
RicRoc & Callista
High stock markets, low interest rates, surging luxury home sales, limited inventory,
» Read more about: San Francisco Median Home Prices Hit New Peaks – Compass Q2 Market Report »
Let’s review the housing cycles in the Bay Area over the last 30+ years. Dynamics are different in various market areas, but the trend lines define the market activity. Enjoy your review of the attached. Any questions or real estate needs, we are here to assist.
RicRoc & Callista
Below is a look at the past 30+ years of San Francisco Bay Area real estate boom and bust cycles.
» Read more about: 30+ Years of Housing Market Cycles in the San Francisco Bay Area »
Let’s check out the Spring market activity as we step into June – High-demand/low-inventory prevails in SF Market.
Any questions or needs, contact us anytime.
RicRoc & Callista
High-demand/low-inventory spring market brings median home sales prices bouncing back to 2018 peaks. San Francisco luxury home sales hit new monthly high.
Median Home Sales Prices
We consider 3-month rolling median sales prices to be more reliable than single month figures, » Read more about: June 2019 San Francisco Market Report »
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 »
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 »
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 »