Two economic conditions currently in the U.S. may impact the Bay Area housing market. The first is the mounting trade wars with China, Europe, Mexico and Canada. The second is the rising interest rates (2 more are planned by the Federal Reserve Bank but with inflation rising there is talk Read More
Market Reports
San Francisco Real Estate Market Update – June 2018
While May’s single-family homes market in San Francisco was more of the same so far in 2018: fewer new listings and sales, and rising interest rates and sold prices, it marked the third straight month of a lower median sold price, And yet the median price is still up 9.8% Read More
Marin County Real Estate Market Report – June 2018
May’s median sold price in Southern/Central Marin reached a new high – $1,625,000, although the three-month rolling average showed no appreciation compared to the same time frame in 2017. The prior year’s appreciation was 14%, so this is a notable cooling of the price rises. The number of new listings Read More
Napa Valley Real Estate Market Report – June 2018
Napa’s May’s single-family homes sold prices were pretty much unchanged from April’s ($724,000 vs. $725,000) and still show a healthy 5.3% increase over last year’s prices. The number of new single-family home listings on the market year-to-date is the lowest in three years: 472 -> 430 -> 410. Sales are Read More
Marin County Real Estate Market Report – May 2018
There has been a lot of news around the Federal Reserve raising interest rates but mortgage rates are up only 0.5% since December, currently at approximately 4.5%. So far, higher rates do not appear to have had a big impact on the market with many buyers still looking for both Read More
Napa Valley Real Estate Market Report – May 2018
In Napa, April saw prices continue to rise for both homes and condos and inventory continue to decline. And although there has been a lot of news around the Federal Reserve raising interest rates, mortgage rates are up only 0.5% since December, at approximately 4.5%. So far, these slightly higher Read More
San Francisco Real Estate Market Update: May 2018
April’s single family homes market in San Francisco was more of the same so far in 2018: fewer new listings and sales, and rising interest rates and sold prices. The rolling three-month median sold price for homes was up 25% over the same period last year. Condo/loft/TIC prices are also Read More
Marin County Real Estate Market Report – April 2018
In spite of very rainy, wet weather, Marin single-family home buyers were buying in March. Median sold prices rose for both homes and condominiums, with homes rising just slightly from $1,461,000 to $1,468,000 and condominiums jumping from $668,000 to $729,000. Single Family Homes: The three-month rolling average median sales price of $1,468,000 is up 9.7% Read More
San Francisco Real Estate Market Update – March 2018
As of the end of February, there were fewer total home, condo and loft sales in the first two months of 2018 than in any of the previous ten years. And while it’s impossible to say exactly what is causing the low number of sales, it is possible that buyer Read More
San Francisco Real Estate Market Update – February 2018
Many separate but connected events occurring in the global, national and local economy may have an impact on the San Francisco real estate market this year, the extent to which is unknown. These include a jump in the inflation rate, increased stock market volatility, the bond market sell-off, the weak Read More
San Francisco Real Estate: 2017 in Review and 2018 Looking Ahead
2017 saw two foundational trends continue in the San Francisco real estate housing market. Prices continued their trend upward while inventory continued its trend downward. It marked the sixth straight year for higher sales prices for both single family homes and condo/loft/TIC’s. Two changes, one already implemented and one in Read More
San Francisco Real Estate Market Update: December 2017
The November San Francisco real estate market moved along pretty much as expected, with continued low inventory and the majority of properties selling above list price. Condo prices hit an all-time high of $1,230,000. The proposed tax changes are very likely to affect future buyer behavior as they lose purchasing Read More