San Francisco Real Estate Stats for December 2020
The real estate market in San Francisco continued its wild ride into the new year. Below is a snapshot of just how crazy the market was for homeowners and investors: All Properties: Inventory of all properties for sale as of January 11, 2021: 964 (a significant drop from 1644 active just one month ago, but […]
Read moreSan Francisco Peninsula Real Estate Market for November 2020
There was no problem finding buyers in November for single family homes. Listings only stayed on the market from 12-38 days. Below is sales data for several Peninsula cities: Menlo Park: Average days on Market-38; Average sales price-$2,896,954(a decrease of $206,375 from October) Price received-1% above asking Foster City: Average days on Market-30; Average sales […]
Read moreSan Francisco Real Estate Statistics for November 2020
In November, we continued to see pricing remain steady amid a robust housing market in The City. Looking at all properties for sale as of December 6th, we find: For sale: 1644 (24% drop since November, but 140% increase from November 2019) Sold: 609 (612 in October; 22% increase over November 2019) Average sales price […]
Read moreGet Ready, Here Comes Winter!
Where has the year gone? We are already coming to the end of Fall and turning the corner into Winter. California’s climate is more mild but we do get those mornings close to freezing sometimes. So, now is a good time to prepare your most expensive investment for cold weather. The following steps will help […]
Read moreBuyers Are Looking to Buy in the Luxury Home Market
The pandemic has surprised everyone, but no one as much as the economists who predicted a gloom-and-doom reality for real estate in 2020. On the contrary, the housing market has experienced a robust surge and continues to drive the nation’s economic recovery! Here’s a look at what several industry-leading experts have to say: “Homeowners’ balance […]
Read moreSeptember’s San Francisco Real Estate Market Update
As one editor expressed it, “This year has been a dumpster fire that makes us feel foolish for all the other times we whined about what a lousy year it was.” A definite glimmer of hope has consistently been the real estate market. Looking at the statistics available for single family homes from September […]
Read moreShould You Buy a New or Existing Home?
Contrary to what some believed at the beginning of the shelter-in-place order, residential housing has flourished. And despite the screeching halt in the economy earlier in the year, home values have appreciated, and buyers are popping up all over California! Home builders are seeing a flood of applications for new home purchases which far exceed […]
Read moreThis Is Not a Typical Recession for California
Because we had such a healthy economy going into this recession caused by the pandemic, we will have a healthy economy again when the public health problem has been resolved. When it comes to this recession, there is no need for hysteria according to Christopher Thornberg, founder of Beacon Economics at Financial Partners Credit […]
Read moreAre San Francisco Buyers Still in Bidding Wars?
Because of the lack of inventory that still exists in California and San Franciso real estate markets, buyers remain in the driver’s seat. At the beginning of the pandemic, in early March, there were many who feared that this recession would trigger a repeat of the 2008 real estate debacle. By May, the real estate […]
Read moreSan Francisco Real Estate Market for June 2020
The real estate market for San Francisco remained robust last month, despite the gloom and doom predictions of some soothsayers. The following data for June illustrates the market strength of single-family properties in The City: Average Listing Price: $2,233,385 Average Selling Price: $2,293,960 (Increase of $391,063 over May 2020, Increase of $103,724 over June 2019) […]
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