For the first time in seven years, the trend line shifted from up to down for single family home sold prices in San Francisco. They eked out a 0.5% increase* for the year. Likewise, median condo sold prices peaked in March and ended the year with an annual appreciation of Read More
San Francisco Real Estate Market
San Francisco Real Estate Market Update – December 2018
Uncertainty in the market and the economy is the watchword. November followed October’s stock market gyrations with the result that all major worldwide stock markets are now in negative territory for the year. After the recent quarter-point raise the discount rate, central bank officials have now reduced next year’s rate hike Read More
San Francisco Real Estate Market Update – November 2018
Midterms have passed and the Democrats have taken back control of the House, effective January 1st. It remains to be seen if they will attempt to reinstate full deductibility of homeowners’ mortgage interest, which could help keep San Francisco home prices trending upwards. Over the past four weeks, the stock Read More
San Francisco Real Estate Market Update – October 2018
SF Unicorn IPOs Five San Francisco-based tech “unicorns” are planning on going public in 2019 Uber, Airbnb, Stripe, Pinterest, and Lyft Once they have their IPOs, their employees will likely take their cash windfalls and purchase homes in and around San Francisco, driving sales prices even higher The Beige Book Read More
San Francisco Real Estate Market Update – September 2018
The Conference Board is sounding a cautionary tone in its economic forecast: “Less support from monetary and fiscal policy, and a weaker global economy will gradually slow the economy to below 2.5 percent growth by the end of 2019. Already, higher interest rates along with labor shortages in construction, and Read More
San Francisco Real Estate Market Update – August 2018
Fortune Magazine’s recent article “The End is Near for the Economic Boom” is representative of the cautionary tone of a growing number of financial advisors, investors and economists that the expansionary economy we’ve had since 2009 is nearing its end. Facebook’s dramatic 20% share price one–day drop (it’s still down over 17%) and Read More
San Francisco Real Estate Market Update – July 2018
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, tightening monetary policy and converging yield curve, the latter of which has been a recession indicator Read More
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
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
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
What is a TIC? An Explanation of the San Francisco Tenancy In Common
TIC is an acronym for Tenancy In Common (also known as Tenants in Common) and the Brown & Co Group is well known throughout San Francisco for our expertise in the field. After decades of representing Sellers we have often found ourselves explaining to potential buyers, and even their real 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