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Recently released report by the Mark Company indicates that new condo prices grew +4% compared to June 2017 and are now equal to $1,223 per square foot.  Inventory dropped -38% compared to the same time last year. 

As for condominium resales, their prices increased +8% y-o-y, equaling to $1,196 per square foot.

For more details, please download the enclosed copy of the report. 

*The Mark Company Condominium Pricing Index uses a proprietary quantitative method to model the price per square foot of a new 10th floor, 1,000 SF condominium. 

With best wishes,

KATE BATZOGLOU

Associate Broker, Pricing Strategy Advisor (PSA®)

CalBRE No:  01445813

This email address is being protected from spambots. You need JavaScript enabled to view it.

www.sfbykate.com  

c: +1 (415) 601-0926 

Disclaimer:  Information provided herein was derived from public sources deemed reliable, it is intended for information purposes only, may contain errors and is subject to revision.

June 2018 housing stats report was recently released by SF Association of Realtors.  It shows the following local real estate trends:

  • Median Sales Price (“MSP”) of single family homes reached $1.622M, an +11% increase compared to June 2017.  MSP for Condo/TIC/Coop properties was equal to $1.175M, a +4% increase v. the same time last year
  • 89% of single family homes sold above their list price and those that fell into this category received 120% of their asking price.  As a way of comparison, 68% of Condo/TIC/Coop properties sold above their asking price, receiving 107% of their list price.  

Of note from the Report:

  • While the strength of U.S. economy has helped purchase offers pile up, the Fed recently increased the federal funds rate by 0.25%, marking the second rate hike this year and seventh since later 2015
  • Buyers often react by locking in at the current rate ahead of assumed higher rates later – when this happens, accelerated price increases are possible, causing further strain on affordability
  • Inventory may be persistently lower in year-over-year comparisons, and home prices are still more likely to rise than not, but sales and new listings may finish the summer on the upswing

For more details, please download the enclosed copy of the report.   

With best wishes,

KATE BATZOGLOU

Associate Broker, Pricing Strategy Advisor (PSA®)

CalBRE No:  01445813

This email address is being protected from spambots. You need JavaScript enabled to view it.

www.sfbykate.com 

c: +1 (415) 601-0926 

Disclaimer:  Information provided herein was derived from public sources deemed reliable, it is intended for information purposes only, may contain errors and is subject to revision.

Recently released report by the Mark Company indicates that new condo prices grew +2% compared to May 2017 and are now equal to $1,180 per square foot.  Inventory dropped -38% compared to the same time last year. 

As for condominium resales, their prices increased +8% y-o-y, equaling to $1,172 per square foot.

For more details, please download the enclosed copy of the report. 

*The Mark Company Condominium Pricing Index uses a proprietary quantitative method to model the price per square foot of a new 10th floor, 1,000 SF condominium. 

With best wishes,

KATE BATZOGLOU

Associate Broker, Pricing Strategy Advisor (PSA®)

CalBRE No:  01445813

This email address is being protected from spambots. You need JavaScript enabled to view it.

www.sfbykate.com  

c: +1 (415) 601-0926 

Disclaimer:  Information provided herein was derived from public sources deemed reliable, it is intended for information purposes only, may contain errors and is subject to revision.

May 2018 housing stats report was recently released by SF Association of Realtors.  It shows the following local real estate trend

  • Median Sales Price (“MSP”) of single family homes reached $1.62M, a +10% increase compared to May 2017.  MSP for Condo/TIC/Coop properties was equal to $1.265M, a +8% increase v. the same time last year 
  • 84% of single family homes sold above their list price and those that fell into this category received 120% of their asking price.  As a way of comparison, 69% of Condo/TIC/Coop properties sold above their asking price, receiving 109% of their list price.  

Of note from the Report: 

ü  Prospective home buyers should expect a competitive housing market for the next several months – with payrolls trending upward and unemployment trending downward in an extensive string of positive economic news, demand remains quite strong

ü  Gradually rising mortgage rates often infuse urgency to get into a new home before it costs more later – buyers need to remain watchful of news listings and make offers quickly

ü  Strong Seller’s market situation has proven to be remarkably sustainable likely due to stronger fundamentals in home loan approvals compared to a decade ago

 For more details, please download the enclosed copy of the report.   

With best wishes,

KATE BATZOGLOU (STANTON)

Associate Broker, Pricing Strategy Advisor (PSA®)

CalBRE No:  01445813

This email address is being protected from spambots. You need JavaScript enabled to view it.

www.sfbykate.com 

c: +1 (415) 601-0926 

Disclaimer:  Information provided herein was derived from public sources deemed reliable, it is intended for information purposes only, may contain errors and is subject to revision.

Recently released report by the Mark Company indicates that new condo prices grew +1% compared to April 2017 and are now equal to $1,175 per square foot.  Inventory dropped -44% compared to the same time last year. 

As for condominium resales, their prices increased +5% y-o-y, equaling to $1,095 per square foot.

For more details, please download the enclosed copy of the report. 

*The Mark Company Condominium Pricing Index uses a proprietary quantitative method to model the price per square foot of a new 10th floor, 1,000 SF condominium. 

With best wishes,

KATE BATZOGLOU (STANTON)

Associate Broker, Pricing Strategy Advisor (PSA®)

CalBRE No:  01445813

This email address is being protected from spambots. You need JavaScript enabled to view it.

www.sfbykate.com  

c: +1 (415) 601-0926 

Disclaimer:  Information provided herein was derived from public sources deemed reliable, it is intended for information purposes only, may contain errors and is subject to revision.

April 2018 housing stats report was recently released by SF Association of Realtors.  It shows the following local real estate trends: 

  •         Median Sales Price (“MSP”) of single family homes reached $1.65M, an impressive +20% increase compared to April 2017.  MSP for Condo/TIC/Coop properties was equal to $1.25M, a +12% increase v. the same time last year
  • 78% of single family homes sold above their list price and those that fell into this category received 120% of their asking price.  As a way of comparison, 69% of Condo/TIC/Coop properties sold above their asking price, receiving 106% of their list price.  

Of note from the Report: 

  1. We are finally beginning to see some upward movement in new listings – there may not be massive increases in inventory from week to week, but a longer-term trend
  2. Currently low inventory should continue to create a competitive situation for buyers, causing price increases over the next few months
  3. Being aware of pending mortgage rate increases is once again in fashion

For more details, please download the enclosed copy of the report.   

With best wishes,

KATE BATZOGLOU (STANTON)

Associate Broker, Pricing Strategy Advisor (PSA®)

CalBRE No:  01445813

This email address is being protected from spambots. You need JavaScript enabled to view it.

www.sfbykate.com 

c: +1 (415) 601-0926 

Disclaimer:  Information provided herein was derived from public sources deemed reliable, it is intended for information purposes only, may contain errors and is subject to revision.

The San Francisco Condominium Pricing Index* increased +4.5% to $1,168 per square foot in March 2018 from the month before, the Mark Company reports.  This is a -5% drop from a year ago, when it last peaked at $1,232. 

On the other hand, the average price for resale condominiums soared to $1.419m in March – the highest recorded in at least 5 years.  The average price per square foot rose to $1,137, +9% above last year’s levels.

For more details, please download the enclosed copy of the report. 

*The Mark Company Condominium Pricing Index uses a proprietary quantitative method to model the price per square foot of a new 10th floor, 1,000 SF condominium. 

With best wishes,

KATE BATZOGLOU (STANTON)

Associate Broker, Pricing Strategy Advisor (PSA®)

CalBRE No:  01445813

This email address is being protected from spambots. You need JavaScript enabled to view it.

www.sfbykate.com  

c: +1 (415) 601-0926 

Disclaimer:  Information provided herein was derived from public sources deemed reliable, it is intended for information purposes only, may contain errors and is subject to revision.

March 2018 housing stats report was just released by SF Association of Realtors.  It shows the following local real estate trends: 

·         Median Sales Price (“MSP”) of single family homes reached a high of $1.687M, a remarkable +25% increase compared to March 2017.  MSP for Condo/TIC/Coop properties was $1.25M, a +10% increase v. the same time last year – notably, prices for these property types have been volatile as last month they exhibited -6.8% drop (to $1.104M) v. February 2017

·     80% of single family homes sold above their list price and those that fell into this category received 118% of their asking price.  As a way of comparison, 58% of Condo/TIC/Coop properties sold above their asking price, receiving 107% of their list price.  

Of note from the Report: 

1.  Housing is proving its resiliency in an increasingly improving economy

2.  The Federal Reserve have risen its key short-term interest rate by .25% for the sixth time since December 2015 and at least two more rate increases are expected this year

3.  Borrowing money will be more expensive, particularly for home equity loans, credit cards and adjustable rate mortgages, but rising wages and a low unemployment rate would seem to indicate that we are prepared for this

4. Although mortgage rates have risen to their highest point in 4 years, they still remain historically low

For more details, please download the enclosed copy of the report.   

With best wishes,

KATE BATZOGLOU (STANTON)

Associate Broker, Pricing Strategy Advisor (PSA®)

CalBRE No:  01445813

This email address is being protected from spambots. You need JavaScript enabled to view it.

www.sfbykate.com 

c: +1 (415) 601-0926 

Disclaimer:  Information provided herein was derived from public sources deemed reliable, it is intended for information purposes only, may contain errors and is subject to revision.

In December 2017 and January 2018 the Mark Company Condominium Pricing Index* increased for the first time compared to the previous 2 years (+2% and +6%, respectively, on y-o-y basis). 

Recently released report by the Mark Company indicates that this upward trend did not continue in February 2018.  New condo prices dropped -1% compared to February 2017 and -8% compared to January 2018 & are now equal to $1,118 per square foot.  This drop may be of even larger significance in view of -44% decrease in inventory compared to the same time last year. 

As for condominium resales, their prices also dropped -1% y-o-y and -5% v. January 2018, equaling to $1,036 per square foot.

For more details, please download the enclosed copy of the report. 

*The Mark Company Condominium Pricing Index uses a proprietary quantitative method to model the price per square foot of a new 10th floor, 1,000 SF condominium. 

With best wishes,

KATE BATZOGLOU (STANTON)

Associate Broker, Pricing Strategy Advisor (PSA®)

CalBRE No:  01445813

This email address is being protected from spambots. You need JavaScript enabled to view it.

www.sfbykate.com  

c: +1 (415) 601-0926 

Disclaimer:  Information provided herein was derived from public sources deemed reliable, it is intended for information purposes only, may contain errors and is subject to revision.

February 2018 housing stats report was just released by SF Association of Realtors.  It shows the following local real estate trends: 

·   Median Sales Price (“MSP”) of single family homes reached a new historic high of $1.715M, a remarkable +33% increase compared to February 2017.  On the other hand, MSP for Condo/TIC/Coop properties was $1.104M, a -6.8% drop v. the same time last year. 

·   80% of single family homes sold above their list price and those that fell into this category received 116% of their asking price.  As a way of comparison, 59% of Condo/TIC/Coop properties sold above their asking price, receiving 105% of their list price.  

Of note from the report:  “…The three most prominent national market trends for residential real estate are the ongoing lack of abundant inventory, the steadily upward movement of home prices and year-over-year declines in home sales. … In February, prevailing mortgage rates continued to rise [reaching its highest level since January 2014].  This has a notable impact on housing affordability and can leave consumers choosing between higher payments or lower-priced homes. … Upward rate pressure is likely to continue as long as the economy fares well.”

For more details, please download the enclosed copy of the report.   

With best wishes,

KATE STANTON

Associate Broker, Pricing Strategy Advisor (PSA®)

CalBRE No:  01445813

This email address is being protected from spambots. You need JavaScript enabled to view it.

www.sfbykate.com 

c: +1 (415) 601-0926 

 

Disclaimer:  Information provided herein was derived from public sources deemed reliable, it is intended for information purposes only, may contain errors and is subject to revision.

About Kate

As a long-term resident of San Francisco, Kate is well familiar with the city’s past and present. With her professional background and deep knowledge of the local housing market, Kate is in the position to best assist with your real estate needs. Should you be looking for a recommendation on the upcoming cultural or social events and/or if you need a trusted local real estate advisor, ask Kate – San Francisco is her HOME.

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Contact Kate

Address: 1801 Lombard Street, San Francisco, CA 94123

Mobile: +1.415.601.0926

Email: ekaterina.stanton@gmail.com

Associate Broker

CalBRE No:  01445813

 

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