Kate Stanton

Kate Stanton

December sales data further supported an overall trend for San Francisco’s housing market in 2017:  low inventory combined with homes selling in fewer days for higher prices. 

Recently released report by SF Association of Realtors shows the following trends: 

Median Sales Price (“MSP”) of single family homes was equal to $1.475M, a +13.3% increase compared to December 2016.  MSP for Condo/TIC/Coop properties reached a historic high of $1.135M, a +12.3% increase v. the same time last year. 

72% of single family homes sold above their list price and those that fell into this category received 114% of their asking price.  As a way of comparison, 56% of Condo/TIC/Coop properties sold above their asking price, receiving 104% of their list price.  

Existing housing and economic indicators give reason for optimism, with or without new federal tax legislation. 

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.

For the first time in 2017, the Mark Company condominium pricing index* for December 2017 showed that new condo prices gained +1% compared to December 2016 and are now equal to $1,196 per square foot.  This gain, however, is still -10.9% below the peak pricing of August 2015.  The inventory is down -27% v. the same time in 2016. 

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 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 -26% on year-over-year basis, the Mark Company condominium pricing index* for November 2017 showed that new condo prices dropped -3% compared to November 2016 and are now equal to $1,171 per square foot. 

On the other hand, prices for resale condos ticked up +14% on year-over-year basis and are now fetching $1,057 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 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.

November 2017 sales further establish an overall trend for San Francisco’s housing market this year:  low inventory combined with homes selling in fewer days for higher prices. 

Recently released report by SF Association of Realtors shows the following trends: 

Median Sales Price (“MSP”) of single family homes is now equal to $1.5M, a +10.9% increase compared to November 2016.  MSP for Condo/TIC/Coop properties reached a historic high of $1.237M, a +12.3% increase v. the same time last year. 

81% 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.  

Proposed tax legislation could have ramifications on housing. 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.

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.

Latest sales information and updates for actively selling New Construction* developments with 20+ Market Rate units - just off the press from The Mark Company.  

*New Construction developments are either actively selling for the first time or a rental development that has been converted to for sale and is now actively selling.

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 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.

Despite the inventory being down -37% on year-over-year basis, the Mark Company condominium pricing index* for September 2017 showed that new condo prices dropped -6% compared to the same time last year and are now equal to $1,121 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 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.

Interesting findings in UBS' recent "Global Real Estate Bubble Index" annual report:  San Francisco is at high risk for experiencing a housing bubble and is more likely to experience fallout from that bubble bursting than any other city in U.S.  

“… In the wake of the technology boom and buoy­ant foreign demand, real house prices have soared 65% since 2012, … price growth has slowed in recent quarters, but remains 6% above the national average. Despite the thriving economy, average incomes have risen only 10% since 2012 and have not kept pace with house prices …”

This being said, of 20 cities assessed in UBS’s bubble index, San Francisco ranked 10th globally, with Toronto taking the lead.  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.

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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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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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