San Francisco Market Update September 2018

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Here are the STATS:

Single Family Residences | August 2018

The price for single family homes decreased 2% from July, still a 16% increase over last year. The number of homes sold has decreased by 16% over last year. Homes sell at @17% over list price with dramatic increases in Westwood Park, Sunnyside, the Sunset, Bernal Heights and Glen Park.

  • Median Sale Price   $1,600,000

  • Days on Market   15

  • $/ Sq Ft    $927

  • Homes Sold   179

  • For Sale    209

  • Sale over List Price   17%

Change in the last month

  • Sale Price   -2%

  • Days on Market   +7%

Condominiums/TIC | August 2018

Condominiums and TIC’s have increased in median sale price by 7% from July and ^% more than last year. The number of condos sold increased by 5% over last year. City wide, condos and TIC’s sell for @11% over list price with dramatic increases in Bernal Heights, Glen Park, the Mission and the Sunset.

  • Median Sale Price   $1,272,000

  • Median Days on Market   22

  • Median $ / Sq Ft   $1,129

  • Homes Sold   224For Sale   297

  • Sale Over List Price   11%

Change in last month

  • Sale Price   +7%

  • Days on Market   +22%

CYNTHIA PALMER | Vanguard Properties | SAN FRANCISCO & WINE COUNTRY | Realtor DRE# 01445659 | Dedicated to You!

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Top 5 SF Home Sales & Condo Sales - July 2018

Here are the Top 5 in each home and condo sales in San Francisco last month along with market stats:

In the past month HOMES SALE prices have increased by 5% with days on market up by 8%. The median home price is $1.7 MM. A little longer on market with prices still rising. 185 homes were sold and 208 homes are currently for sale. Final sale price is at an average of 17% over list price. Notable increases in sale over list price are in the Excelsior, Portola, Westwood Park, Sunnyside, Bernal Heights and Glen Park neighborhoods.

In the past month CONDO SALE prices have increased by 1% with the same amount of time on market. The median condo sale price is $1.195MM in July. 243 condos were sold and 338 condos are currently for sale. Final sale price is at an average of 11% over the list price. Notable increases in sale over list price are in the Sunset, Castro, Duboce Triangle and not surprisingly, the Noe Valley neighborhoods.

CYNTHIA PALMER | Vanguard Properties | SAN FRANCISCO & WINE COUNTRY | Realtor DRE# 01445659 | Dedicated to You!

Photo Sources in Order of Appearance: Compass, Sotheby's Int. Realty, Compass, McGuire Real Estate, Pacific Union Int. Inc., Sotheby's Int Realty, Compass, Pacific Union International Inc., Sotheby's Int. Realty, Pacific Union International Inc.

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March 2018 - San Francisco Homes Market Update

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SF MARKET UPDATE - MARCH 2018

The single family median home price has surpassed $1.7MM for the first time, representing a year-over-year gain of 33% for the month of February. This increase in median sale price occurred while the number of transactions decreased by 11%. Tight inventory levels and multiple offer transactions contributed to this dramatic increase in the single family median sale price. 

MEDIAN DAYS ON MARKET

Condo/TIC
15 Days (0 change from 2017)
Single Family
13 Days (-4 from 2017)

83% of single family homes last month sold in under 30 days.

MEDIAN SALE PRICE

Condo/TIC
$1,200,000 (0 change from 2017)
Single Family Home
$1,715,000 (+33% change from 2017)

10 YEAR APPRECIATION RATE

Condominiums 5%
Single Family Homes 9%

NUMBER OF SALES

Condo/TIC
163 (+6% from 2017)
Single Family
98 (-11% year-over-year)
There is a seasonable build up of inventory, though still limited. Bidding is competitive, so come prepared, do your homework!

HOME VALUES BY NEIGHBORHOOD

 
 

CYNTHIA PALMER | Vanguard Properties | SAN FRANCISCO AND WINE COUNTRY REAL ESTATE | Realtor Lic #01445659

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Vanguard Properties Recognition Factor - 2017 Market Share Report

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Vanguard Properties consistently ranks among San Francisco’s top brokerages.

In San Francisco 2017 we were the market leaders in the market share of total units listed at 14.9% and at 8.4%, are one of the top 2 brokerages in total sales volume in the City.

Here’s the breakdown by San Francisco District:
District 5 - Central
Once again Vanguard Properties is the leading real estate brokerage in San Francisco’s District 5 with the highest market share of 13.1%. 

District 6 - Central North
Once again Vanguard Properties is the leading real estate brokerage in San Francisco’s District 6 with the top 13.2% share of the market.  

District 9 - Central East
Vanguard Properties continues as one of the top 3 real estate brokerages in San Francisco’s District 9, commanding 10.9% of the market.  

As a market leader, clients come to us for our unsurpassed marketing expertise, strategy and style to get the most exposure and maximum value for their homes. 

*Data by BrokerMetrics 1/1/2017 – 12/31/2017for single family homes, condominiums, TICs, multi-unit (2-4), and mixed use, listed in San Francisco by Brokerage. 

CYNTHIA PALMER, REALTOR, BRE#01445659 | VANGUARD PROPERTIES | SAN FRANCISCO & WINE COUNTRY | Dedicated to You!

#cynthiapalmer #vanguardproperties #marketleader #sanfrancisco #homesforsale #listingagent #marketshare #winecountry #dedicatedtoyou
 

SF Real Estate Market Update - November 2017

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Single family home values have now posted a fifth straight month of double digit gains, reaching a median price of $1.6MM for the first time. This time last year, the median home price was $1.4MM. There has been a significant disappearance of homes sold for under $1.1MM this year. The number of transactions in this price category have decreased by nearly 20%, as compared to last year. Much of this change has occurred in neighborhoods located in the southern portion of the City. As an example, homes sold in MLS District 3 (Ingleside, Oceanview, Lakeside etc) have experienced substantial pressure, seeing the median price go from $900K to nearly $1.1MM in just one year. The Portola neighborhood has experienced similar gains, with its median now coming in at just over $1MM. Currently, there is about a one-month supply of single family homes priced under $1MM.

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Single Family
$1,600,000

+14% year-over-year
+7% ten-year average

Condo/TIC
$1,170,000

+2% year-over-year
+5% ten-year average


MEDIAN

NEIGHBORHOOD VALUES

CONDOMINIUMS

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SINGLE FAMILY HOMES

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TOP FIVE SALES - CONDO/TIC/COOP

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1890 Vallejo St

$5,300,000
$1,601/SqFt
5 bed/4.0 baths
3,310 SqFt

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2066 Green St

$3,995,000
$1,612/SqFt
3 bed/3.0 baths
2,479 SqFt

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1338 Filbert St, C

$3,810,000
$1,474/SqFt
3 bed/3.5 baths
2,585 SqFt

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550 Davis St, 20

$3,425,000
$1,522/SqFt
3 bed/2.5 baths
2,251 SqFt

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1661 Beach St

$3,400,000
$1,210/SqFt
4 bed/3.0 baths
2,810 SqFt


TOP FIVE SALES - SINGLE FAMILY

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2636 Union St

$9,285,000
$1,626/SqFt
5 bed/4.5 baths
5,710 SqFt

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2440 Vallejo St

$9,250,000

5 bed/3.0 baths

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2190 Vallejo St

$7,930,000
$1,046/SqFt
7 bed/7.5 baths
7,580 SqFt

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2361 Broadway

$7,900,000
$1,470/SqFt
5 bed/3.5 baths
5,375 SqFt

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20 Walnut St

$7,500,000
$1,631/SqFt
5 bed/4.5 baths
4,598 SqFt

Dedicated to You! From high heels to hiking boots, Cynthia Palmer, Realtor, BRE# 01445659 with Vanguard Properties, is a lot City and a little bit Country representing buyers and sellers of fine residential homes, viticulture, agriculture and commercial property in San Francisco, Sonoma and Napa Wine Country. Connect with Cynthia to find out more about how to achieve success when buying or selling your home or property in the Bay Area.


SF Residential Development Oct 2017

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STATS

Type | Currently | Year-Over-Year  | Month-Over-Month

New Condominium | $1,279/SqFt | - 2% | No change 

Resale Condominium $1,039/SqFt | + 6%  | - 5%

New Condominium:

Most Recent Quarter: Median: $960,000 Units Available: 784*

Resale Condominium:

Most Recent Quarter: Median: $1,155,000 Units Available: 327*

Sales have commenced at Stage 1075.

1075 Market Street at 7th | Mid-Market 

Average $/SqFt (active listings): $1,225 

Project specs: 90 units, 8-stories, 23 parking spaces, 11 BMRs

Amenities: Roof terrace with BBQ & fire pit, Courtyard, Lobby attendant, Virtual Doorman, Automated package lockers, Dog run and dog washing station, Bicycle parking & tools.

Currently Selling:

  • RITZ-CARLTON 
  • STAGE 1075 
  • 815 TENNESSEE 
  • LAGUNA HAYES 
  • LA MAISON 
  • 99 RAUSCH 
  • 1868 VAN NESS 
  • KNOX nearly sold-out.
  • AUSTIN 
  • CRIMSON 
  • ROWAN nearly sold-out.
  • 1450 FRANKLIN
  • 181 FREMONT 
  • 1 MISSION BAY 
  • THE HARRISON 
  • THE PACIFIC 
  • THE DISTRICT
  • LUMINA
  • FULTON 555
  • 72 TOWNSEND
  • SHIPYARD
  • ROCKWELL is sold-out. 

FOR THE FULL 65 Page Report, info, building descriptions, recent pricing and upcoming development. Click HERE

Connect for a showing to live in the brightest and most beautiful new and resale developments in San Francisco.

Dedicated to You! From high heels to hiking boots, Cynthia Palmer, Realtor, BRE# 01445659 with Vanguard Properties, is a lot City and a little bit Country representing buyers and sellers of fine homes, viticulture, agriculture and commercial property in San Francisco, Sonoma and Napa Wine Country. Connect with Cynthia to find out more about how to achieve success when buying or selling your home or property in the Bay Area.


San Francisco RE Market Update - Oct 2017

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OCTOBER 2017

Single family home values have posted a fourth straight month of double digit year-over-year gains. Purchasers continue to pay an average of 17% over list price, with purchasers in the middle tier ($1.1MM - $1.6MM) paying an average of 22% over list price. At least 10 homes last month sold for over 40% of the list price, with most located in the Parkside and Sunset neighborhoods. However, the overall number of sales last month came in 20% lower than the month before. This is likely due to a continued dearth of inventory, with the current supply coming in at approximately one month.

Condominium values have continued their course of improvement this year, posting a 7% year-over-year gain. This time last year, condominium values were showing a 5% decline year-over-year. Resale condominium inventory currently stands at about 2 months, in addition to approximately 700 new condominiums in actively selling developments. New condominium supply is currently at a 2-year low, and supply projections show a downward trajectory for the foreseeable future. This should allow for continued improvement in the condominium market, especially in neighborhoods with limited new supply. 

MEDIAN NEIGHBORHOOD VALUES

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Condo/TIC $1,112,500

+7% year-over-year

+5% ten-year average

 

Single Family $1,350,000

+11% year-over-year

+5% ten-year average

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Dedicated to You! From high heels to hiking boots, Cynthia Palmer, Realtor, BRE# 01445659 with Vanguard Properties, is a lot City and a little bit Country representing buyers and sellers of fine homes, viticulture, agriculture and commercial property in San Francisco, Sonoma and Napa Wine Country. Connect with Cynthia to find out more about how to achieve success when buying or selling your home or property in the Bay Area.

SF Real Estate Market Update - September 2017

Sales data for the summer months of June, July and August point to considerable strength in the market.

There were approximately 1,400 closings during the summer, which is on par with last year’s figures. Median market time came in at 18 days on market, versus 27 last year. Single family values posted three straight months of double digit year-over-year gains, while condominium values posted two. Inventory levels remain tight, coming in at around one month. Single family homes continue to receive the greatest amount of competition, with purchasers paying an average of 17% over list price. It is widely expected to be an active fall market, with a substantial increase in inventory. As an example, the number of active listings increased 35% during the month of September 2016, compared to the prior month.

Suffice to say it's still a Seller's market and the right time to learn the value of your home, how you may prepare and position it for sale and how you can leverage your equity to grow your real estate portfolio or locate your next perfect home.

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Condo/TIC
$1,225,000
+12% year-over-year
+6% ten-year average

Single Family
$1,385,500
+11% year-over-year
+5% ten-year average

MEDIAN
NEIGHBORHOOD VALUES

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Dedicated to You! From high heels to hiking boots, Cynthia Palmer, Realtor, BRE# 01445659 with Vanguard Properties, is a lot City and a little bit Country representing buyers and sellers of fine homes, viticulture, agriculture and commercial property in San Francisco, Sonoma and Napa Wine Country. Connect with Cynthia to find out more about how to achieve success when buying or selling your home or property in the Bay Area.

SAN FRANCISCO MARKET UPDATE JULY 2017

Year-to-date performance has been stronger in 2017, as compared to last year. The overall transaction volume is up by 9% to approximately $3.7B, as compared to $3.4B during the same period in 2016. The overall median sale price has risen 4% year-todate, coming in at $1.25MM. The median market time is now measuring at 19 days, as compared to 24 days last year. Sub markets performing particularly well include single family homes in MLS District 5. This category which includes neighborhoods such as Glen Park, Noe Valley, Castro and Cole Valley saw the year-to-date median increase 15% to $2.4MM.

The average 30-year fixed mortgage rate is also faring better, with the latest reading coming in at 3.9%, as compared to 4.15% in January of this year. Inventory levels remain low, measuring at about a 1-month supply, much less than the 6-month level widely regarded as the equilibrium. It is expected to be an active summer selling season, with already over 100 properties going into pending or contingent status since July 1st.

Click Image to Expand

Cynthia Palmer, Realtor, is a lot city and a little bit country representing buyers and sellers of fine homes in San Francisco, Sonoma and Napa Wine Country. Connect with Cynthia to find out more about how to achieve success when buying or selling your home in the Bay Area.