Big headlines these past couple of days. Here are the numbers for San Francisco. July 2010 vs. July 2009 Single Family Homes 197 Sold/Median Price $775k vs. 249 Sold/$780k Median Price. Supply is +6% & Demand is -21% Condos 165 Sold/$700k vs. 155/$650k. Supply is +11% & Demand is +6% Lofts 14/$594k vs. 15/$580k. Supply is [...]
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Over the last five years, one of the newest developments in real estate is the ability for home buyers and sellers to search online for a home’s value. Popular Web sites such a Zillow.com, Cyberhomes.com, and Eppraisal.com offer free home estimates, but some consumers and real estate industry professionals say the values calculated often are [...]
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Lawrence Yun, NAR chief economist, says the correction in home prices appears to have ended in 2009. “All year we’ve been seeing relatively flat national home prices, which appear to be supported by market fundamentals,” he said. “Prices in some areas remain below replacement construction costs, so even with an elevated supply of existing homes [...]
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The month of June was a positive one for SoMa home owners who were trying to sell their Condominiums. In addition to 50% more properties going into contract this June vs. last June, the median list price of properties increased by 3% and the sold price increased by 1%. Another small step in the right direction! Also, supply [...]
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Very interesting article – shows how working with a real estate company such as a Sotheby’s or a Christie’s, who have an international presence, can really be an advantage to sellers. International home buyers are increasingly attracted to property in the U.S., according to the National Association of REALTORS®’ 2010 Profile of International Home Buying [...]
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The San Francisco Association of Realtors and the Rosen Consultant Group recently issued their Market Focus report for June. Below are some of the highlights. If you would like a full copy of the report drop me an email and I will send it your way. Growing confidence in the San Francisco economy and its housing market has revived home sales activity [...]
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The median Single Family Home price in San Francisco is up 1% this May vs. last May with demand up 17% and supply down 3%. The average days on market is also down 27% to 47 days from 64. Condominiums for the same time period saw an overall 4% drop in the median price even with a [...]
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In today’s market pre-sale inspections are not always the way to go. Each situation is different. However, the reason I advise some clients to have pre-sale inspections is so the buyer is aware of any issues upfront and has considered them before making the offer. This means they are much less likely to come back after “their” inspections [...]
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The San Francisco Association of Realtors and the Rosen Consultant Group recently issued their Market Focus report for March. Below are some of the highlights. If you would like a copy of the report drop me an email and I will send it your way. John Lee, president of the San Francisco Association of REALTORS®, notes that the scarcity of housing [...]
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According to the San Francisco MLS the increase in volume we experienced in January has made its way into February. The number of condos & lofts sold in SoMa increased from 18 last year to 28 this year spurred by a drastic drop in the median sales price from $621,250 to $492,000. One bedroom sales accounted for just under half of all sales with a [...]
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