Danielle Lazier
Archive for the 'San Francisco Real Estate' Category
West Portal and Forest Hill Active and Sold Properties within the Last Month
Here is this week’s West Portal and Forest Hill real estate update.
- Number of listed properties: 6
- Average list price: $1,373,600
- Average days on market: 59
- Number of sold properties: 3
- Average sold price: $1,358,333
- Number of listed properties: 3
- Average list price: $1,522,600
- Average days on market: 59
- Number of sold properties: 2
- Average sold price: $1,110,000
Any changes from last week. Take a look.
Want to know how much your property is worth? Just send us a request.
SFHotList’s Real Estate Statistics: West Portal and Forest Hill
Here is this week’s SHotList real estate statistics for San Francisco in the neighborhoods of West Portal and Forest Hill.
- Number of Active Properties: 6
- Average List Price: $1,183,455
- Average Days on Market: 58
- Number of Sold Properties: 5
- Average Sold Price: $906,800
- Number of Active Properties: 4
- Average List Price: $1,714,800
- Average Days on Market: 74
- Number of Sold Properties: 1
- Sold Price: S1,490,000
Any changes from last week? Take a look.
Curious about what your West Portal or Forest Hill property is worth? Just send us a request.
Check back next week for any changes.
Bernal Heights, San Francisco Real Estate Data
Here is SFHotList’s San Francisco neighborhood Bernal Heights real estate data.
- Number of active properties: 40
- Average list price: $720,024
- Average days on market: 65
- Number of sold: 16
- Average sold price: $735,819
What to know what your Bernal Heights property is worth? Just send us a request.
Make sure to look back here for next week’s Bernal Heights real estate post.
SFHotList’s Real Estate Realities in the Inner Sunset
Here is SFHotList’s real estate realty for San Francisco in the Inner Sunset neighborhood.
- Number of active properties: 9
- Average list price: $953,400
- Average days on market: 51
- Number of sold properties: 5
- Average sold price: $904,200
Make sure to look back next week for any changes.
What to know how much your Inner Sunset property is worth? Send us a request.
San Francisco Real Estate Activity: Inner Mission
Here is this SFHotList’s (it has been a while) real estate activity in the San Francisco neighborhood: Inner Mission.
Single-Family Homes
- Number of active listings: 11
- Average list price: $680,500
- Average days on market: 95
- Number of sold: 2
- Average sold price: $467,500
Condo/TIC
- Number of active listings: 36
- Average list price: $591,960
- Average days on market: 95
- Number of sold: 13
- Average sold price: 623,577
Loft Condo
- Number of active listings: 7
- Average list price: $757,322
- Average days on market: 89
- Number of sold: 1
- Sold price: $525,000
Want to know how much your property is worth, send us an email.
San Francisco Home Listings & Real Estate Market Data: Are we our neighbors?
San Francisco Home Listings: Are we our neighbors?
Last Sunday, the Chronicle printed an article about a slowdown in the luxury market. As usual, San Francisco real estate listings were lumped into the broader Bay Area market. Given that I’m a big believer in all real estate is local (but you gotta understand global to interpret), I was curious to see how the market dynamics would compare between the published Bay Area statistics and just San Francisco City and County.
Let’s find out!
Does Warren Buffett’s comment on housing apply to our local San Francisco Home Sales?
Berkshire Hathaway’s Annual Meeting dubbed “Woodstock” for Capitalists by the Wall St. Journal was full of insights and even a game of bridge between Warren and Bill. Warren Buffett and Bill Gates, that is!
Does Warren Buffett’s comment on housing apply to our local San Francisco Home Sales? You bet!
“In the last few months you’ve seen a real pickup in activity although at much lower prices,” Mr Buffett said, citing data from Berkshire’s real estate brokerage business, Home Services of America Inc., which is one of the largest in the U.S.
In California, medium and lower-price homes – under $750,000 – have been selling more, though there hasn’t been a bounce back in sale prices, Mr. Buffett said. “We see something close to stability at these much-reduced prices in the medium to lower part of the market.”
Here’s how to apply to San Francisco listings:
- If you’re a buyer in the medium and lower price market, be prepared for competition but you’ll get a great deal.
- If you’re a seller in the medium and lower price market, be realistic about your home’s value and it will sell quickly.
- If you want to move-up from a lower price home and into a more luxury condo or house, you’re in the driver’s seat. Your “starter” home should sell quickly and you’ll have bargaining power for your next purchase. Make money on the buy this time!
More San Francisco Homes Are Selling?
According to The Wall St. Journal, more homes in California are selling.
“California’s housing-market slump showed hints of improvement in March, with sales of existing single-family homes increasing 64% from the prior-year period and median home prices rising month-to-month for the first time since August 2007, according to a trade group report.”
Does this mean more homes in San Francisco are selling too? More on that later.
Where is San Francisco Real Estate Headed? Inventory shifts down.
Where is San Francisco Real Estate Headed? According to a recent article in the Wall St. Journal, SF real estate is looking pretty good…or rather looks better than most. No real estate market is great right now but I guess, we just “suck less” than the others! No, that was not a direct quote from the WSJ. 
For example, in a chart ranking 28 major real estate markets, San Francisco has had the 2nd highest drop in inventory from a year ago. Less supply = you guessed it, more demand.
San Francisco’s month’s supply of inventory is 4.6 months which is the 2nd lowest of the 28 markets.
Want to see more of the statistics, check out the entire article here. We’re having tech issues so cannot upload images right now. You’ll have to click-thru.
And just remember, even when it’s bad, it’s better to be better.
San Francisco Real Estate For Sale: Fared Best in ALL Bay Area!
Digging a little deeper into last Friday’s SFGate.com article entitled, “Home prices hint they’re nearing bottom,” I found a nice, fun fact about San Francisco Real Estate for sale.
“San Francisco continued to hold up best in March, with the median off 24.2%, at $626,500.” Sorry, Contra Costa County, you fared the worst with a 47.4% drop in home values to $215,000.
Sure, we may or may not have hit bottom. Sure, home values may or may not continue to decline. No one has that elusive crystal ball, neither you nor I.
Yet, there is strong evidence to suggest that communities like San Francisco will continue to hold their values better than neighboring counties. Why? Supply and demand is a major part of the equation and should not be underestimated.
Even though the “numbers may not make sense” from a traditional perspective, I, for one, am happy I own a home in San Francisco. The potential for appreciation here is just fundamentally greater than in areas that are not finite.
For example, where I’m from in Dallas, TX, there is a lot of land. All one needs is a new Walmart, Cineplex, and Chili’s and you’ve got a new mecca! When I was in high school, Plano,TX was really far away! Or so it seemed. Now, Plano is practically considered city center b/c the suburbs have moved so far past it…almost to Oklahoma! Seriously.
And yes, smartie-pants, I read that Economist article, “Shelter, or burden?” More on that later!
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