Congratulations to my client ZP on selling his great condo in the Inner Mission. If you missed out on this listing – don’t worry I can help your home in this trendy neighborhood. Listed at $1.095 million, sold for $1.3 million – 19% Over List This 2 Bedroom, 2 Bathroom condo, in the trendy Inner Mission,..
I, as well as other agents, have seen fewer offers coming in on our listings. Instead of 40% over list price, it has become much closer to 15 – 20%. There are many reasons why this might be the case but overall the market is flattening just a tiny bit. Median sales prices typically fall..
October marks the 27th anniversary of the 1989 Loma Prieta Earthquake. Each October I pull out my kit, take inventory of my supplies, and replace / add needed supplies. This is a great time to either update your earthquake kit or, if you don’t yet have one, to start it. It is better to have even a small kit..
The premium location and unbelievable views is what brought so many people to pursue 720 Sanchez St. Sold at 28% over asking I know my clients are very happy with the results of the sale. List Price – $1.875m – SOLD! – 28% over list price! Views, views, views! This 3 BR/1.5 BA home offers..
Since 2011, the Sonoma median house price has appreciated by 85% and its median condo price by 129%. One major factor in such large jumps is that the distressed property crisis plunged Sonoma home prices to unreasonable lows during the recession. For the last few years, the market has been like a balloon which has..
From the middle of 2015, the Bay Area high-tech boom appeared to appreciably cool down in hiring, IPOs coming on market, venture capital flow and general economic optimism, and that was one factor in the cooling in the SF real estate market. (One local economist predicted “blood in the streets” of San Francisco from a..
September 2016 Update Autumn & the Expected Surge in New Home Listings Autumn is the second biggest selling season of the year, and September is typically the single month with the highest number of new listings. Autumn is a relatively short market season, running from after Labor Day until mid-November, when the market begins its slide..
By virtually every statistical measure of supply and demand, the SF market cooled in 2016: price appreciation generally plateaued, inventory ticked up and sales ticked down, months supply of inventory and days on market increased, and the percentage of sales price over asking price declined. All the changes have been statistically significant, but, except for..
The California Association of Realtors just released its Housing Affordability Index (HAI) for the 2nd quarter of 2016, which measures the percentage of households that can afford to buy the median priced single family dwelling (house). In this analysis, affordability is affected by 3 major factors: median house price, mortgage interest rates, and household income…