It's a Seller's Market in San Francisco, dontcha know? Recently, I sent an email out to my client base about the current San Francisco seller's real estate market...how we are experiencing a lack of listing inventory and a STRONG seller's market in many SF neighborhoods. This means multiple bids and substantially increased sales prices for many properties and San Francisco home sellers. Today's home buyers are motivated and many of them have buckets of cash to spend. Why not let them spend it … [Read more...]
March 7, 2013 by Leave a Comment
Top 5 Best Places to Buy and Sell A Home in 2013
We at SFhotlist are just loving lists lately (and alliteration, too!). We have two for you today - where to buy and where to sell in 2013. The Realtor.com Real Estate Trends Report for January 2013 reveals the Top 5 Best Places to Buy and Sell a home in 2013. You get one chance to guess - which of the two lists is San Francisco on? (Spoiler alert: San Francisco isn't on the top of the list but a nearby Northern California city is.) How did they decide if a city was a good place in which to … [Read more...]
February 15, 2013 by Leave a Comment
News: A Seller’s Market in SF & Pay Your San Francisco Property Taxes
Happy Friday! Today, we have news and other news. The news is, it's time to pay the 2nd installment of your San Francisco property taxes if you haven't already paid them. As we like to say here at SFhotlist (in our best sinister Vincent Price voice), The San Francisco Property Tax Person Cometh. The 2nd installment of property taxes, initially due February 1st, will become delinquent on April 10 at 5:00 p.m. It will be worse news if your property taxes are delinquent. If you have not … [Read more...]
January 13, 2013 by Leave a Comment
Four California cities are among Top 10 turnaround housing markets
While it has been difficult for those housing markets which suffered through a major decline over the past 5 years, it is great to see real estate in many of these cities coming back and strong. Based on a recent home price report from Trulia, Business Insider highlighted the top 10 "turnaround" housing markets of 2012. That is, the housing markets with the biggest increase in asking prices between December 2011 and December 2012. These four California cities are among Top 10 turnaround … [Read more...]
December 31, 2012 by Leave a Comment
Which San Francisco neighborhoods were popular with home buyers in 2012?
San Francisco Association of Realtors reported on some interesting trends in the December 2012 edition of "Market Focus". Rest assured, the San Francisco housing market isn't showing signs of slowing down during this holiday season. The report also provides a few answers to the all-important question: Which San Francisco neighborhoods were popular with home buyers in 2012? The districts where the number of home sales increased over the past year may be a bit surprising. With the amount … [Read more...]
December 26, 2012 by Leave a Comment
San Francisco Real Estate Report – Inventory at 2-Year Low of 1.4 months supply
You may recall from our post "Another Month of Strong Home Sales – NAR Existing-Home Sales Report for November 2012" the National Association of Realtors reported an increase in the number of existing-home sales, a rise in the median sales price as well as the lowest housing supply since September of 2005. Where does the outlier that is the San Francisco real estate market fit in with these national numbers? Here's a quick rundown of where things stand in San Francisco for the month of … [Read more...]
December 20, 2012 by Leave a Comment
Another Month of Strong Home Sales – NAR Existing-Home Sales Report for November 2012
The National Association of Realtors (NAR) released their Existing-Home Sales Report for November 2012. In a nutshell, it's good news. (Unless otherwise stated, the statistics provided in this summary are for all of the U.S.) Key points in the report: Total existing-home sales (completed transactions that include single-family homes, townhomes, condominiums and co-ops) rose 5.9% from October 2012 to a seasonally adjusted annual rate of 5.04 million in November 2012 November numbers … [Read more...]
December 12, 2012 by Leave a Comment
Noe Valley: Median Home Price up 24%
In the 3rd Quarter of 2012, the median home price of single-family homes sold in San Francisco's Noe Valley neighborhood increased 24% compared to the same quarter in 2009. In Q3 2012, the median price of single-family homes sold in Noe Valley was $1,4000,000 and in Q3 2009, the median price was $1,122,500. Let's remember that Q3 2009 was only a year after Lehman Brothers declared bankruptcy (September 2008) and all of the other events that contributed to the global financial … [Read more...]
December 3, 2012 by Leave a Comment
San Francisco Luxury Real Estate – Lenders Loosen & Values Up 11%
Getting a non-conforming or jumbo home loan is easier, good news for San Francisco luxury real estate buyers. (Of course, if you've got the cash and don't need a mortgage, immediately pass Go, collect the deed to your new home as quickly as possible and relax as the San Francisco real estate market heats up!) According to a recent Wall St. Journal article: Lenders Loosen Up…with Luxury Buyers "Home sales using a jumbo mortgage had year-over-year growth of 7.9% through September, compared … [Read more...]
November 29, 2012 by Leave a Comment
San Francisco Sees Strong Growth in the Non-Tech Job Sector
Impressive growth in the non-tech job sector in San Francisco is great news! In an article on bloomberg.com, Aki Ito reports: Positions in everything from retail to construction to hospitality now comprise about 75 percent of the city’s job growth, helping the Northern Californian hub add jobs at among the fastest rates in the nation and reduce its unemployment rate to 6.5 percent. There was concern that the large number of high-tech jobs in San Francisco and the Bay Area wouldn't do … [Read more...]
