One thing I find annoying in the extreme is click-bait headlines along the lines of: “123 Main Street Sold for 10%….15%…20% OVER list!” That is one of the least valuable stats any potential buyer or seller could read and does the watcher of real estate an incredible disservice. But before we dive into how you should treat a headline like that, there are few facts worth acknowledging. One, I am not taking anything away from the hard work of a listing agent’s …
Category: home values
And that means it’s time to check in with the numbers. New listings are up 10%, pending sale are up 95%, and luxury house sales are up 87%. For those of you that can’t get enough data, below are a few of the charts outlining a few of the highlights. Annual Median Bay Area House Sales Price Yes, even during a pandemic, San Francisco real estate prices climbed. While the median house sales price wasn’t quite as impressive as in …
A Bloomberg article came out swinging this week with a doozy of a headline — “Housing Prices are Booming in U.S. Cities — Just Not San Francisco or New York.” We wrote something recently about one of the reasons for these booming prices. But is San Francisco really being left behind? Here’s the thing. San Francisco condos were ignored in the price increases of 2020. In fact, inventory largely fueled by condominiums — particularly one bedroom and studios — hit an …
Here are tales from my two of my most recent sales in San Francisco, both of which happened from start to finish during the shelter-in-place orders. You learn a little something with every deal, and knowing just how far you can push a seller or buyer without losing the deal altogether is definitely an art form. Representing the Buyer 715 Hampshire Street was originally listed at $2,150,000 in May of 2020. The seller (a known developer in the city) picked …
The San Francisco Bay Area covers a lot of ground, meaning there are all kinds of submarkets with their own unique trends and statistics that influence the region’s overall numbers. Today, we’re giving those chart junkies a deeper dive into the numbers with this look at San Francisco Bay Area housing market reports. Quick note — the vast majority of the information below reflects overall trends for the entire region, so keep that in mind. Home Value Appreciation This chart …
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