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
Market Report
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
Napa Valley Real Estate Market Report – April 2018
It might have been March’s very rainy, wet weather that caused Napa’s home and condominium buyers and sellers to temper their actions. It might have been stock market volatility. New home and condominium listings were both down, as were home sales. Condominium sales eked out a very small increase. Sold Read More
San Francisco Real Estate Market: April 2018 Update
In spite of very rainy, wet weather, San Francisco buyers were buying in March, both single-family homes, and condominiums. The median sold price for homes eased off just a bit, from $1,700,000 to $1,687,500, while condos jumped from $1,094,000 to $1,250,000. Likewise, the median sold price per square foot for 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
San Francisco Real Estate Market Update – November 2017
The Swiss bank UBS published its Global Real Estate Bubble Index recently, stating that San Francisco is the most overvalued real estate market in the US. Their analysis focused on the rise of home prices in San Francisco compared to the rise in median incomes. Their report stated that home Read More
San Francisco Real Estate Market Update – October 2017
Single Family Homes: September’s median sales price continued its predictable seasonal backing off from its Spring peak in May of $1,475,000, off by 8.5% to $1,350,000. Prices are still up 10.9% above September 2016. Inventory is up from August’s 1.9 months to 2.1 months. The number of new listings on Read More
San Francisco Real Estate Market Update – September 2017
Single Family Homes: August’s median sales price continued its predictable seasonal backing off from its Spring peak, dropping 6.4% to $1,380,000 from May’s $1,475,000. However, in the same time frame, last year prices dipped 7.4%. Prices are still up 10.4% above August 2016. Since August 2012, the median sold price Read More