September’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) […]
Read moreFinding Your Green Thumb During These Times
With all this new-found time on our hands and the warm weather we are experiencing, many of us have discovered the farmer in ourselves. But we may have also discovered that it is not as easy as it looks! I imagine you might have noticed that there is way more to gardening than putting some […]
Read moreS.F. Peninsula Real Estate Report for May 2020
The real estate market remained fairly stable from April to May on the Peninsula with fluctuations ranging from -1% to -7.7% except for Menlo Park where the decrease was 18.3%. Here are some other statistics you might find interesting: Belmont: Average sales price- $1,688,777 (-7.7%) Average days on market- 22 Price received was 3% more […]
Read moreHas Recent Circumstances Inspired You to Remodel?
Certainly, the current shelter-in place pandemic is causing many of us to see our homes in a new light. Working and schooling from home, and just spending more time at home than we used to will have an impact on how we view our present home design and layout. With more than two months of […]
Read moreWorking from Home May Trigger a Demographic Shift
The move to remote work caused by the coronavirus is expected to hasten the exodus from expensive coastal cities to more moderately priced remote communities. A new survey conducted by Redfin found that once this shut-down ends, over half of respondents would move if they never had to go into the office again. “Redfin is […]
Read moreSan Francisco Real Estate Report for April 2020
What happened to the San Francisco real estate market in last month? These statistics offer an overall picture of the fluctuations: For single family homes: Average sales price: $2,350,530 (-$252,089 from March) Average days on market: 22 Inventory: 194 Pending sales as of May 5: 192 Single Family homes sold: 99 All properties sold: 227 […]
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