SF Real Estate Experts
Dear Friends, We hope this newsletter finds you well, and that your new year is off to a good start! This month is all about transformations! We helped our first client take advantage of the of the game-changing Compass Concierge program for sellers, borrowing $15,000 to cover light cosmetic renovations and staging costs…
As of early February, the government shutdown is over – at least for a little while – the stock market has recovered dramatically from its late 2018 plunge, and interest rates are well down from November highs. A good number of large, local, high-tech “unicorns” continue to plan IPOs in 2019. All these are positive…
Stylish Valencia Condo This gorgeous 2 bed, 2 bath Valencia Corridor condo built in 2012 offers a stylish hideaway in the very hub of vibrant Inner Mission living. Ideally configured with a light-filled open living/dining area and updated kitchen with stainless steel appliances and gas range, it is both stylish and functional for everyday life….
There were almost too many local, national and international political, economic, social and ecological factors impacting the 2018 market to count. In the first half of the year, market conditions were about as hot as they’ve ever been, and there were staggering year-over-year appreciation rates. Come summer/early autumn, real estate and financial markets began to…
We are always hesitant to make too much of a single month’s or a few months’ data: Short-term fluctuations in median sales prices and other market statistics are not uncommon and don’t always give definitive perspective as to where the market is heading on a longer-term basis. Still, many of the changes seen over recent…
Stunning Richmond Edwardian This gorgeous Edwardian home has been painstakingly and beautifully remodeled, offering a true retreat in the heart of vibrant urban life and 3 bed, 2 full bath, 2 half bath with in-law unit. With a graciously sized formal living room and a dining room that opens to the stunningly updated kitchen with…
The CoreLogic S&P Case-Shiller high-price-tier Home Price Index for the 5- county San Francisco Metro Area, illustrated above by the blue line, applies best to more expensive Bay Area housing markets such as most of San Francisco, Marin, San Mateo and Diablo Valley/Lamorinda. The SF Metro low- and mid-price tiers had much more dramatic bubbles…
Autumn markets in counties around the Bay Area have seen significant shifts, with wide variance in the magnitude of these changes between counties. So far, San Francisco itself has seen less dramatic changes than other local markets such as Santa Clara and Sonoma Counties. Homes that sell have generally continued to sell quickly, at prices…
We loved working with the seller on this magical estate and seeing its historic legacy passed on to happy buyers. We are beyond grateful to our amazing team (contractors, stagers, painters, lawyers, marketing team, and our own crew to name a few) that made it happen! 5 Bedroom 5 Bath Panoramic View Estate Welcome to…
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…
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…
The CoreLogic S&P Case-Shiller Home Price Index does not evaluate median sales price changes, but employs its own proprietary algorithm to measure home price appreciation over time. Since its indices cover large areas – for example, the San Francisco Metro Area is comprised of 5 counties – which themselves contain communities and neighborhoods of widely…
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. Very early indications are that this September may be a very big new-listing month, and how buyers react to the flood of new…
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,…
Seasonality typically affects inventory levels, buyer demand and median home prices, often in very significant ways – as is illustrated in the following charts. However, it is not the only factor affecting market conditions and trends – general economic conditions and financial market movements, new construction projects coming on market, significant changes in interest rates, local stock…