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.

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.

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.

Despite new construction inventory being down -23% on year-over-year basis (but 11% higher v. the previous month), the Mark Company condominium pricing index* for October 2017 showed that new condo prices dropped -5% compared to October 2016 and are now equal to $1,111 per square foot.  This is a -17% drop compared to the peak prices of August 2015. 

For more details, please download the enclosed copy of the report.  Please contact me should you have any questions regarding local real estate market.

*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 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

As we enter the final quarter of 2017, the news has continued to provide relative calm so far for both Buyers and Sellers.  The national unemployment rate of 4.1% (has not been this low since December 2000) as well as mortgage rates of around 3.9% (v. historic average of about 6%), have helped to keep the pool of potential buyers full. 

October 2017 housing market report by SF Association of Realtors shows the following trends: 

Median Sales Price (“MSP”) of single family homes has reached a historic high of $1.588M, a +13.4% increase compared to October 2016.  MSP for Condo/TIC/Coop properties is now $1.14M, a modest +0.2% increase v. the same time last year. 

83% of single family homes sold above their list price and those that fell into this category received 115% of their asking price.  As a way of comparison, 67% of Condo/TIC/Coop properties sold above their asking price, receiving 107% of their list price.   

I find this except from the report worthy of a separate note:  Low affordability has started to become a recent topic of conversation and is worth watching. But with a healthy economy, level of demand and national unemployment rate, sellers are going to continue to see strong prices for their homes”.

 

Personally, I am curious to see the effect of the proposed tax reform on the local housing market should it become adopted.  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.

Recently released September 2017 housing market report by SF Association of Realtors shows the following trends: 

Median Sales Price (“MSP”) of single family homes is now equal to $1.337M, a +10% increase compared to September 2016.  MSP for Condo/TIC/Coop properties is $1.104M, a +8% increase v. the same time last year. 

86% of single family homes sold above their list price and those that fell into this category received 116.5% of their asking price.  As a way of comparison, 54% of Condo/TIC/Coop properties sold above their asking price, receiving 105% of their list price.   

I find this except from the report worthy of a separate note:  “Although desirous buyers are out on increasing number of showings, there remains a limited number of desirable listings.  And although mortgage rates have remained enticingly low, home prices have reached unaffordable levels for many new entrants into the housing pool at exactly the same time that established owners are proving to be less interested in moving”.

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.

June 2017 housing market report by SF Association of Realtors shows the following local real estate trends: 

Median Sales Price (“MSP”) of single family homes is now equal to $1.468M, a 10.8% increase compared to the same time last year.  On the other hand, MSP for Condo/TIC/Coop properties is now equal to $1.145M, a -2.6% decrease v. June 2016. 

80.3% of single family homes sold above their list price and those that fell into this category received 117% of their asking price.  As a way of comparison, 60.6% of Condo/TIC/Coop properties sell above their asking price, receiving 106% of their list price.   

Summer months are generally slower in terms of housing market activity but post-Labor Day time period typically brings a surge of listings and stats for the subsequent months will help to further determine market trends.     

For more details, please download the enclosed copy of the report.  Please contact me should you have any questions regarding local real estate market

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.

 

First housing market report of 2017 was just released by San Francisco Association of Realtors.  

It indicates the following local real estate trends:  single family homes continue to increase in value – their Median Sales Price (“MSP”) is now equal to $1.25M, an increase of +7.1% compared to the same time last year.   On the other hand, MSP for Condo/TIC/Coop properties dropped -5.7% to $1M (v. January 2016). 

It is noteworthy that percentage-wise, significantly lower numbers of properties are selling above their asking price (as compared to 2016).  Aforementioned factors, coupled with the fact that both listing types stay on the market longer (42 and 50 days, respectively) point to the potential market adjustment. 

For more details, please download the enclosed copy of the report.  Please contact me should you have any questions regarding local real estate market

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.

I am delighted to see my new listing in Russian Hill featured by the Chronicle!

http://blog.sfgate.com/ontheblock/2017/01/19/3-495-million-tri-level-condo-steps-from-the-crookedest-street-sells-in-only-four-days/

November 2016 report by SF Association of Realtors shows the following local real estate trends:  single family homes continue to increase in value - their Median Sales Price (“MSP”) is now equal to $1.365M, an increase of +8% compared to the same time last year.   On the other hand, MSP for Condo/TIC/Coop properties dropped 7.2% to $1.044M (v. November 2015).  

Inventory, which is subject to seasonality, is low:  for single family homes, Months’ Supply of Inventory (“MSI”) is 1.7 MSI and 2.1 MSI - for Condo/TIC/Coop units. The beginning of the year should bring a surge of listings which will help to further determine the trends.

For more details, please refer to the enclosed copy of SFAR monthly report.  Please contact me should you have any questions regarding local real estate market.

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.

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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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1801 Lombard Street, San Francisco, CA 94123

Mobile: +1.415.601.0926

Email: ekaterina.batz@gmail.com

Associate Broker

CalBRE No:  01445813

 

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