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February 2019 Report – San Francisco Real Estate Market Update for January 2019
Posted on: February 7, 2019
The number of homes in the Overall Sales category sold in DECEMBER decreased again from last month as well as a year ago in the San Francisco Real Estate Market. And the average sale prices versus list price decreased for both last month as well as a year ago. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close. Days on the market increased over both the previous month as well as a year ago.
What do these current numbers all mean? Single family homes UNDER $2M (on average) continue to be the best performer, but the average dropped to 5% over the asking price (from 14% over) in both the previous month as well as a year ago . In fact all the categories we track were down, on average, over both previous tables. For the first time in a long time, two of our condominium categories were UNDER 100%. This could indicate that sellers are getting more realistic and buyers are standing firm on their offers.
If you are thinking of selling this is still a GREAT time to SELL. And it can be a great time to BUY with the right agent. Whether you are buying or selling, call Janis Stone at 866-224-8024 TODAY!
* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.
January 2019 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 20 | $3,207,650 | $3,273,250 | 102.05% | 44 |
| Single Family Under $2M | 75 | $1,186,120 | $1,255,201 | 105.82% | 40 |
| Condominium | 83 | $1,134,052 | $1,142,073 | 100.71% | 53 |
| Loft Condo | 8 | $1,276,750 | $1,238,602 | 97.01% | 70 |
| Co-op | 3 | $2,323,333 | $2,208,333 | 95.05% | 170 |
| TIC | 16 | $1,122,806 | $1,133,656 | 100.97% | 47 |
| ALL * | 233 | $1,532,125 | $1,552,465 | 101.33% | 53 |
December 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 44 | $2,950,273 | $2,986,864 | 101.24% | 35 |
| Single Family Under $2M | 113 | $1,164,366 | $1,332,518 | 114.44% | 32 |
| Condominium | 150 | $1,379,109 | $1,392,673 | 100.98% | 43 |
| Loft Condo | 12 | $1,082,226 | $1,066,634 | 98.56% | 58 |
| Co-op | 4 | $1,503,250 | $1,508,750 | 100.37% | 20 |
| TIC | 14 | $899,964 | $926,722 | 102.97% | 52 |
| ALL * | 381 | $1,632,472 | $1,674,517 | 102.58% | 41 |
January 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 23 | $3,271,304 | $3,349,180 | 102.38% | 48 |
| Single Family Under $2M | 67 | $1,066,938 | $1,215,498 | 113.92% | 31 |
| Condominium | 102 | $1,178,433 | $1,210,584 | 102.73% | 49 |
| Loft Condo | 8 | $1,142,250 | $1,116,688 | 97.76% | 73 |
| Co-op | 9 | $2,999,222 | $2,771,480 | 92.41% | 100 |
| TIC | 12 | $1,345,167 | $1,344,833 | 99.98% | 73 |
| ALL * | 258 | $1,728,550 | $1,784,461 | 103.23% | 48 |
* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4
Units, and 5+ Units.
** Figures subject to change as Multiple Listing Service is updated.
+ Formerly, condominium statistics
included condos, co-op, lofts and TICs.
Realtor.com is the official site of the National
Association of Realtors® (NAR) and is a search engine for real
estate nationwide. Realtor.com
has all of San Francisco’s listed homes and condominiums.
A Realtor’s Guide to Closing Quickly
Posted on: January 20, 2019
A Realtor’s Guide to Closing Quickly
Paige A. Mitchell
San Francisco, a city like no other. Native San Franciscans love their city’s outdoor adventures, world class cuisine, mild climate, phenomenal arts scene, and booming tech industry. It’s no wonder that everyone wants to live here, except for the fact that the median cost of a home is over half a million dollars and the housing market is one of the most competitive in the nation. Competition will affect every stage of the home buying process, even through closing. Savvy real estate agents must be aware of how they can ensure the best close on a home sale that will leave everyone happy, especially the new homeowners.
Anticipate and prepare
While there are laws, requirements and procedures that govern all major real estate transactions, there are, of course, the inevitable unknowns—Murphy’s law and the “human” factor. Much of real estate happens on paper but it also involves critical face-to-face interactions between buyer and seller, attorneys, mortgage loan officers, title companies and real estate agents, as well as their various stakeholders, all of whom can derail a real estate transaction.
A 2015 survey by The National Association of Realtors revealed that nearly a third of closings are delayed, and 6% of those deals fall through completely. Given this alarming statistic, it is important to anticipate and prepare for the most common issues that arise in closing. Traditional wisdom suggests that 90% of success is preparation. Those real estate agents who are organized and prepared are often equipped to either prevent disaster at closing or can manage the “snafus” that arise with more aplomb.
The most common issues that can deter a quick close include financing problems, home inspection complications, issues with the contract, mistrust between buyer and seller, and security breaches. Makeitbetter.net states that problems in financing account for about 50% of the delays in real estate transactions and typically it’s due to a problem with the buyer’s mortgage. If your client is the buyer, it’s important that you help them stay on top of the mortgage process by keeping them abreast of deadlines, helping them gather and forward appropriate documentation to all relevant parties, and ensuring that all financial transactions prior to the closing clear the bank on time.
Inspections
Another common reason for delay is the final walk-through. Parties may not have fully agreed on what stays in or goes in the house between the buyer and seller and problems with the house are sometimes not revealed until the final walk-through. If there’s damage that has been missed, the buyer can ask the seller to cover the costs of the repair before close.
Fortunately, agents can take measures to prevent this ahead of time. First by ensuring that home inspections are thorough and scheduled early on in the process. This gives sellers time to make repairs. Agents should also educate themselves and their clients on what to look for each time they visit the house. This will help clients understand what stays and what doesn’t and what to expect in that final walk-through. Sellers can then sell the house without a bathroom mirror or appliance holding them up, and buyers won’t have to invest even more money after the purchase to make significant repairs.
That being said, it pays to help the seller get the home ready to sell. Homeowners should always consider that their property, often their most important and valuable asset, will most likely be sold at some point and ongoing maintenance, modernization, and beautification is necessary to helping the property hold its value, particularly in such a competitive market like San Francisco.
Agents can give a monthly home checklist to sellers to help them prepare their home for resale several months ahead of time. Additionally, encourage clients to include a home warranty in their offer. Home warranties are not only helpful in streamlining home repairs while a house is on the market, but they can also be excellent marketing tools. Offering a one-year home protection plan works wonders to ease the mind of anxious buyers while building trust and goodwill.
Cybersecurity
In our increasingly digital world—especially in Silicon Valley—cybersecurity threats have made their way to real estate. Emails are hacked, large sums of cash are tracked, and fake emails can be sent to buyers requesting that they wire their down payment. Real estate agents should work vociferously to educate their staff and their clients about the best practices for maintaining security, like sending financial information via email. Wire transfer information should be given in-person or over the phone if possible and cybersecurity measures should be implemented at all stages of the sale to protect both the buyer and the seller in the process.
Human psychology
No matter how well we prepare the paperwork and the property, nothing can stop a sale like human psychology. MoneySense states that it’s important to understand the ways in which realtors make sales and money off their clients, and furthermore, clients should choose a realtor who will use psychology effectively in negotiations without crossing ethical lines. A good realtor who does not want a difficult close will seek to create a constructive working relationship with goodwill and trust between the buyer and seller. Effective real estate agents should act as trusted advisors who put their clients’ interests before their own, they should listen closely, communicate regularly and be an active problem solver.
Every good realtor knows that each home sale is a complex transaction involving multiple stakeholders, many moving parts and a lot of human emotion. With effective preparation and organization, excellent communication, trust-building and negotiation skills, and a keen awareness of the common and potential pitfalls of real estate closings, realtors will successfully navigate any closing with success.
The Importance of Having a Good Credit Score
Posted on: January 17, 2019
The Importance of Having a Good Credit Score to
Protect Yourself, Your Family, And Your Insurance Rates
This article was provided by Rentown.net
If you think that your credit score is used only to get a loan application approved or getting a job then think again. Credit score also holds great significance when it comes to insurance rates and keeping your financial condition strong.
Whether you’re getting an insurance for your vehicle, home or even your life, your credit score will be looked into.
The outcome is simple. People with a bad credit score are charged with a higher insurance fee than the ones who have a good credit score.
Why Insurance Companies Look Into The Credit Score Before Deciding The Charges?
Insurance providers are known to gather financial data of a person before giving them insurance rates. They do this so as to know the amount of risk they’re taking with the person by providing them with insurance.
They will look into your FICO score (which should be above 700 to lay a good impression) to determine how you have been dealing with your finances in the past.
If your credit score is good, they see it as a low risk, hence less price will be charged on you. In case your credit score is low then the insurance providers see it as a risk and will charge you a higher fee.
What Do They Look Into:
- Financial History.
- Driving Records.
- Employment history.
- Family’s information.
- Diseases you have.
- Smoker or not etc.
What they look into largely depends on the type of insurance you are applying for. For example, your health will be looked into if you apply for life insurance, but they will not care for it as much in case of phone insurance.
Other than this, they will look into your financial history to see how you have been dealing with your finances. If you have existing debts or had several in the past, they will take the amount of time it took for you to pay the debt.
If in case, you had failed to pay your debts then you’re looking at skyrocketing insurance rates because it gives an impression that you’re irresponsible when it comes to managing finances.
Your credit history will also be looked into to see how you are with utilizing credits. If you have gone bankrupt in the past by using too much credit or have made late payments then you are seen as a risky person.
Your driving history will also be dug up and looked into your driving track record in case you’re going for vehicle insurance. For instance, how many speeding tickets you’ve got so far. How’s your driving record etc. How many accidents you’ve been into. All these things will pose a threat to the insurance provider and will make them charge a higher insurance rate on you.
They will learn about your employment history and determine your employment risk for your current job.
Other than that, they’ll look into your payment schedules to see if you pay your dues in time and how much in debt you are currently or had been in the past.
They’ll learn about you and your family’s medical condition as well. Also, if you had paid medical bills on time or not.
Since some of these factors can be judged just by looking at your credit score, it is important to pay attention to it. In case you have a low credit score, your insurance provider will most probably see you as an insurance liability and will charge a lot more than what they’ll do to a person with a good credit score.
How To Get The Lowest Insurance Fee?
It’s possible to get insurance for you and your family in the lowest possible fee if you have a good credit score.
A good credit score implies having a good credit history, no bankruptcy, no debts, no late payments etc.
All in all, getting charged at a low insurance fee depends upon how good your credit score is.
Sadly, a lot of Americans do not have a good credit score. But, worry not. There are ways to improve it. Let’s have a look:
How Can You Improve Your Credit Score?
- Paying your bills on time.
- Having no more than one or two credit cards (more credit cards can be difficult to manage).
- Disassociate accounts in case of a joint account.
- Watch out for credit card balances and keep them low.
While all these tricks work, but if your score is really very low, you will have to look for professionals. There is help available in the form of credit repair companies.
Such companies do not only help improve your credit score, but can also help you find a reliable insurance provider so that you can get a good rate on your insurance.
Final Verdict
All in all, a bad credit score is risky not only for you but your entire family. Hence, make sure you have a credit score before you apply for insurance.
12 Monthly Home Checklists for 2019
Posted on: January 14, 2019
By: Paige A Mitchell
The end of each year is a time of reflection for all of us. We promise ourselves that, starting in the new year, we will be and do better. We will get our lives back on track, we will be productive, and we will make this year our year.
Well, the new year is here. In addition to our get-fit-fast goals and our target toward a better work-life balance, we should also look to our homes for areas of improvement. After all, we spend 90% of our time indoors, so we might as well make it the most enjoyable environment we can. Here’s home improvement broken down into 12 attainable monthly goals.
January—Organize and prioritize
Start small by going through a planning phase. List the home improvement projects you want to get done this year and prioritize them. Consider whether you’ll DIY or hire a professional. Planning ahead will help you budget for the bigger projects you have coming up. Contact local service providers for a quote or follow up on your home warranty coverage.
February—Conserve energy
So, you decided to be more environmentally friendly this year. A good start to hitting your green living goals is by switching to the most energy-efficient light bulbs. Go a step further by installing motion-sensor exterior lights and smart interior light switches. These bright ideas can save you money on your energy bill, but it can also help you get through the final dark hours before Daylight Savings begins in March.
March—Add color
March marks the beginning of spring. Warm up your winter neutrals by adding some color back into your life. This could be anything from a vibrant area rug to leafy green houseplant. If you want something fresh and fun, try Pantone’s Color of the Year for 2019 is living coral.
April—Clean
Most homeowners get another burst of motivation this time of year. Take April to do some well overdue deep cleaning. Washing windows, clearing gutters, replacing HVAC filters, spraying for insects, and power-washing siding are just some ideas.
May—Tend to garden
April showers bring May flowers, which means it’s time to get in the garden if you haven’t already. Cosmos and marigolds are pretty summer flowers to plant in May, according to SFGate. Gardeners should also do their due diligence by weeding, pruning, and inspecting for slugs and snails.
June—Paint
Summer is the best time to give your house a fresh coat of paint. Collegiate Painters explains that we can’t rely on consistently dry and warmer weather until June. If your home’s exterior doesn’t need new paint, you might still find value in changing up the look of the front door or staining the deck.
July—Reclaim the garage
There’s nothing quite like a hardworking garage. This room should store all or most of a homeowner’s tools, workout and sports equipment, and at least one vehicle. However, the reality is that the garage gets cluttered so quickly that many of us are forced to park in the driveway. Use a series of Saturdays to chip away at the mess that is, but will no longer be, your garage.
August—Remodel
Remodeling can sound intimidating and expensive, but it’s only as involved as you want it to be. You don’t have to gut your entire bathroom or kitchen to transform the space. To do so, focus on function rather than aesthetics. Start by replacing old fixtures and faucets. Try tiling or regrouting. Then, if there’s room in the budget, splurge on a new dishwasher or vanity.
September—Redecorate
There’s no better time to decorate than fall. Year after year, craft and home decor stores go above and beyond by stocking their shelves with the coziest accents. Buy some candles while they’re on sale, rotate in new throw pillows, and don your door with a pretty fall wreath.
October—Stock the guest room
Be prepared for overnight guests this upcoming holiday season. Clean out the guest bedroom if you have one. Buy a big plastic tote where you can keep spare bedding and linens fresh. Add extra toiletries to your grocery list too.
November—Ditch drafts
As the temperatures drop, it’s worthwhile to inspect your doors and windows for drafts. If you feel cold air coming through closed entrances, seal them with weatherstripping. This will help lower your heating bills and make your home more comfortable overall.
December—Rearrange furniture
You might have moved furniture to accommodate a Christmas tree or holiday guest. Or, as you were hosting, you might have discovered that your living room layout just isn’t working. Shake things up a bit going into the new year by angling armchairs toward each other, as to promote conversation, or letting the kids switch rooms.
January 2019 Report – San Francisco Real Estate Market Update for December 2018
Posted on: January 10, 2019
The number of homes in the Overall Sales category sold in DECEMBER decreased dramatically over last month as well as a year ago in the San Francisco Real Estate Market however average sale prices versus list price continued to increased over both last month and a year ago. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close.
Our market continues to slow as is evidenced by the drops in number of homes sold from a month ago as well as a year ago. As you can see the percentage increase of average sold price over the average list price continue to be over 100% compared to the previous month as well as a year ago. Average days on the market continue to creep up from the previous month as well as a year ago.
What do these current numbers all mean? Single family homes UNDER $2M (on average) continue to be the best performer by almost 15% over the asking price. In fact all the categories we track sold for more, on average, than the list price (with the exception of lofts).
If you are thinking of selling this is still a GREAT time to SELL. And it can be a great time to BUY with the right agent. Whether you are buying or selling, call Janis Stone at 866-224-8024 TODAY!
* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.
December 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 44 | $2,950,273 | $2,986,864 | 101.24% | 35 |
| Single Family Under $2M | 113 | $1,164,366 | $1,332,518 | 114.44% | 32 |
| Condominium | 150 | $1,379,109 | $1,392,673 | 100.98% | 43 |
| Loft Condo | 12 | $1,082,226 | $1,066,634 | 98.56% | 58 |
| Co-op | 4 | $1,503,250 | $1,508,750 | 100.37% | 20 |
| TIC | 14 | $899,964 | $926,722 | 102.97% | 52 |
| ALL * | 381 | $1,632,472 | $1,674,517 | 102.58% | 41 |
November 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 53 | $3,442,790 | $3,516,617 | 102.14% | 27 |
| Single Family Under $2M | 152 | $1,156,002 | $1,297,757 | 112.26% | 25 |
| Condominium | 210 | $1,234,874 | $1,278,204 | 103.51% | 36 |
| Loft Condo | 10 | $1,259,280 | $1,270,106 | 100.86% | 38 |
| Co-op | 4 | $1,153,500 | $1,141,250 | 98.94% | 21 |
| TIC | 17 | $1,292,765 | $1,347,765 | 104.25% | 46 |
| ALL * | 506 | $1,592,733 | $1,664,090 | 104.48% | 33 |
December 2017 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 36 | $3,815,833 | $3,785,606 | 99.21% | 41 |
| Single Family Under $2M | 105 | $1,146,484 | $1,323,063 | 115.40% | 23 |
| Condominium | 188 | $1,265,036 | $1,297,914 | 102.60% | 39 |
| Loft Condo | 21 | $1,053,310 | $1,077,762 | 102.32% | 37 |
| Co-op | 3 | $1,691,667 | $1,591,667 | 94.09% | 161 |
| TIC | 22 | $1,233,500 | $1,272,123 | 103.13% | 74 |
| ALL * | 422 | $1,568,443 | $1,629,430 | 103.89% | 38 |
* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4
Units, and 5+ Units.
** Figures subject to change as Multiple Listing Service is updated.
+ Formerly, condominium statistics
included condos, co-op, lofts and TICs.
Realtor.com is the official site of the National
Association of Realtors® (NAR) and is a search engine for real
estate nationwide. Realtor.com
has all of San Francisco’s listed homes and condominiums.
December 2018 Report – San Francisco Real Estate Market Update for November 2018
Posted on: December 4, 2018
The number of homes in the Overall Sales category sold in NOVEMBER decreased over last month as well as a year ago in the San Francisco Real Estate Market. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close.
The holidays are just around the corner and many people don’t like to sell around Christmas time. Regardless, our market is slowing as is evidenced by the drops in average sales prices from a month ago as well as a year ago. As you can seem the percentage increase of average sold price over the average list price has dropped from the previous month as well as a year ago. This could indicate sellers are being forced to be more realistic about the value of their properties. Average days on the market increased from the previous month but about the same as a year ago.
What do these current numbers all mean? We’re starting to sound like a broken record, but Single family homes UNDER $2M sold (on average) MORE than the asking price by OVER 115% which indicates an extremely strong sellers’ market! In fact all the categories we track sold for more, on average, than the list price (with the exception of Co-ops). As always the San Francisco real estate market which continues to perform EXTREMELY WELL!
If you are thinking of selling this is still a GREAT time to SELL. And it can be a great time to BUY with the right agent. Whether you are buying or selling, call Janis Stone at 866-224-8024 TODAY!
* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.
November 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 53 | $3,442,790 | $3,516,617 | 102.14% | 27 |
| Single Family Under $2M | 152 | $1,156,002 | $1,297,757 | 112.26% | 25 |
| Condominium | 210 | $1,234,874 | $1,278,204 | 103.51% | 36 |
| Loft Condo | 10 | $1,259,280 | $1,270,106 | 100.86% | 38 |
| Co-op | 4 | $1,153,500 | $1,141,250 | 98.94% | 21 |
| TIC | 17 | $1,292,765 | $1,347,765 | 104.25% | 46 |
| ALL * | 506 | $1,592,733 | $1,664,090 | 104.48% | 33 |
October 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 84 | $3,586,369 | $3,742,042 | 104.34% | 22 |
| Single Family Under $2M | 159 | $1,160,429 | $1,339,720 | 115.45% | 26 |
| Condominium | 263 | $1,285,358 | $1,369,437 | 106.54% | 25 |
| Loft Condo | 4 | $1,208,750 | $1,241,750 | 102.73% | 55 |
| Co-op | 2 | $2,147,000 | $2,092,500 | 97.46% | 53 |
| TIC | 18 | $907,472 | $1,014,264 | 111.77% | 38 |
| ALL * | 576 | $1,723,592 | $1,846,343 | 107.12% | 26 |
November 2017 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 58 | $2,967,207 | $3,123,371 | 105.26% | 34 |
| Single Family Under $2M | 171 | $1,132,554 | $1,323,361 | 116.85% | 23 |
| Condominium | 221 | $1,293,333 | $1,351,476 | 104.50% | 36 |
| Loft Condo | 17 | $1,144,647 | $1,177,500 | 102.87% | 36 |
| Co-op | 6 | $3,560,500 | $3,600,868 | 101.13% | 33 |
| TIC | 18 | $1,271,111 | $1,294,444 | 101.84% | 37 |
| ALL * | 547 | $1,565,168 | $1,674,497 | 106.99% | 32 |
* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4
Units, and 5+ Units.
** Figures subject to change as Multiple Listing Service is updated.
+ Formerly, condominium statistics
included condos, co-op, lofts and TICs.
Realtor.com is the official site of the National
Association of Realtors® (NAR) and is a search engine for real
estate nationwide. Realtor.com
has all of San Francisco’s listed homes and condominiums.
November 2018 Report – San Francisco Real Estate Market Update for October 2018
Posted on: November 9, 2018
The number of homes in the Overall Sales category sold in OCTOBER increased dramatically over last month but were about the same as a year ago in the San Francisco Real Estate Market. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close.
Now that summer is over we expect to see these numbers drop in the next few months as the holidays are just around the corner as people don’t like to sell around Christmas time. The average sale prices continues to tick upward from the previous month as well as a year ago. The percentage increase of average sold price over the average list price was slightly MORE than the previous month but slightly LESS than a year ago. Average days on the market dropped slightly from the previous month as well as a year ago.
What do these current numbers all mean? We’re starting to sound like a broken record, but Single family homes UNDER $2M sold (on average) MORE than the asking price by OVER 115% which indicates an extremely strong sellers’ market! In fact all the categories we track sold for more, on average, than the list price (with the exception of Co-ops). As always the San Francisco real estate market which continues to perform EXTREMELY WELL!
If you are thinking of selling this is still a GREAT time to SELL. And it can be a great time to BUY with the right agent. Whether you are buying or selling, call Janis Stone at 866-224-8024 TODAY!
* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.
October 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 84 | $3,586,369 | $3,742,042 | 104.34% | 22 |
| Single Family Under $2M | 159 | $1,160,429 | $1,339,720 | 115.45% | 26 |
| Condominium | 263 | $1,285,358 | $1,369,437 | 106.54% | 25 |
| Loft Condo | 4 | $1,208,750 | $1,241,750 | 102.73% | 55 |
| Co-op | 2 | $2,147,000 | $2,092,500 | 97.46% | 53 |
| TIC | 18 | $907,472 | $1,014,264 | 111.77% | 38 |
| ALL * | 576 | $1,723,592 | $1,846,343 | 107.12% | 26 |
September 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 32 | $3,364,984 | $3,480,867 | 103.44% | 34 |
| Single Family Under $2M | 110 | $1,163,958 | $1,364,626 | 117.24% | 19 |
| Condominium | 151 | $1,203,329 | $1,275,473 | 105.99% | 28 |
| Loft Condo | 6 | $1,068,833 | $1,234,208 | 115.47% | 11 |
| Co-op | 3 | $1,881,667 | $1,833,333 | 97.43% | 103 |
| TIC | 15 | $1,020,933 | $1,073,000 | 105.10% | 46 |
| ALL * | 367 | $1,600,594 | $1,712,962 | 107.02% | 30 |
October 2017 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 72 | $3,417,757 | $3,648,110 | 106.74% | 20 |
| Single Family Under $2M | 153 | $1,122,885 | $1,302,802 | 116.02% | 24 |
| Condominium | 244 | $1,279,999 | $1,354,372 | 105.81% | 29 |
| Loft Condo | 22 | $1,012,359 | $1,022,359 | 100.99% | 46 |
| Co-op | 2 | $947,000 | $1,108,500 | 117.05% | 40 |
| TIC | 30 | $849,400 | $922,000 | 108.55% | 35 |
| ALL * | 571 | $1,567,876 | $1,691,375 | 107.88% | 29 |
* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4
Units, and 5+ Units.
** Figures subject to change as Multiple Listing Service is updated.
+ Formerly, condominium statistics
included condos, co-op, lofts and TICs.
Realtor.com is the official site of the National
Association of Realtors® (NAR) and is a search engine for real
estate nationwide. Realtor.com
has all of San Francisco’s listed homes and condominiums.
Tips In Detailing Your Move To Your New House
Posted on: November 8, 2018
There are many tasks involved whenever you’re moving from one location to another. Generally, you’ll have to clean your house, sort out which items are used or not and properly pack the valuables you’re planning to bring. You’ll also have to look for helpful movers to help you out or sitters to look after your pets and children on moving day. Aside from these tasks, detailing your new house should also be included in your to-do list. This task might be uncommon to some but living in a thoroughly-cleaned room can make the move stress-free and enjoyable. Stepping inside a clean and sanitary house will also make it easy for you and your family to adapt to the new environment, and settle in in your new house. But with the number of responsibilities you’ll have when moving, do you know how to clean your new house effectively? Are you well-aware of strategies which will make detailing a breeze? Let the tips below show you how:
Clean the whole house, not one room at a time.
It’s common to see homeowners clean the kitchen today and the bedroom tomorrow. This might get the job done, but this technique is time-consuming and daunting. Instead of cleaning one room at a time, clean the whole house instead. Decide if you’re doing any mopping or vacuuming first and get to every nook and cranny of your new house. This option will prevent you from going into an endless cycle of cleaning or starting the same tasks over and over again.
Gather all of your cleaning tools in one area.
Regardless of the cleaning tools, you’re eyeing to use, make sure that all of these are stored in one place. All of your mops, microfiber cloths and brooms shouldn’t be all over the place. When you have access to these cleaning tools the moment you need them, it’ll be easier for you to actually clean your new house. You won’t have to go around in circles looking for a mop or broom. Being organized with your cleaning tools will save you a lot of time and energy.
Clear the clutter.
Before you make a plan on when and how you’re going to clean your new home, take the time to go through each room of your new house and clear out the clutter. Pick out the trash in the rooms and dispose these properly. Any print materials – newspaper or books – which aren’t usable anymore, should also be thrown away. You don’t want to keep junk in your new house as this will only collect dust and take up valuable storage space. And yes, this applies to every item you have in your house. No matter how sentimental or expensive it might be, if you’re no longer using it, dispose.
If you’re having a hard time doing all of these alone, work with movers which offer junk removal services. Scouting for this kind of service can be very easy especially if you’re living in a large city. For example, several movers from NYC offer junk removal services on top of their moving services.
Dust and vacuum efficiently.
All of your fans should be turned off before you start dusting your new house. This will ensure that all of the dust you’ve collected will stay in one place, not spread in different parts of your house. It’s essential that you focus your efforts on the top of the furniture, picture frames, and TV screens, too. For hard-to-reach areas namely your upper shelves and blinds, opt to use microfiber cloths. Don’t forget to change the linens in your bedroom before you start to vacuum!
Wipe mirrors and glass.
A dusty mirror or glass defeats its purpose – how else will you see yourself in the mirror or glass is too dirty? Use a damp microfiber cloth and clean all of your mirrors and glass before moving in. Remember to maintain strokes in one direction to avoid leaving marks on the surface. If possible, do this early in the morning where the sun is still hot so your mirrors and glass will dry faster.
Disinfect surface areas in all parts of the house.
Aside from its aesthetic value, you should also clean your new home to ensure that you and your family will be safe from common illnesses and diseases. This task should be on top of your list especially if you’re moving into an old or antique house. Depending on your preference, you can either use natural household cleaning products or make DIY solutions yourself. Regardless of your choice, make sure that these are actually safe especially when you’re moving in with toddlers or pets.
Cleanliness Is Important
Detailing your new house might add another pile of tasks for your next move, but this can actually be very beneficial in the long run. You won’t be stressed the moment you arrive in your new house because everything is already sparkly clean. You’ll also prevent the spread of germs in your new house, making the environment safer for you and your family. All of these reasons should be more than enough for you to make your new house spotless before moving in!
October 2018 Report – San Francisco Real Estate Market Update for September 2018
Posted on: October 2, 2018
The number of homes in the Overall Sales category sold in SEPTEMBER decreased for the second month in a row as well as a year ago in the San Francisco Real Estate Market. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close. Now that summer is coming to an end we expect to see these numbers tick up in the next few months. The average sale prices continues to tick upward from the previous month as well as a year ago. The percentage increase of average sold price over the average list price was slightly MORE than the previous month but slightly LESS than a year ago. Average days on the market inched up slightly from the previous month (possibly due to the extreme DOM in the Co-op category) but was less than a year ago.
What do these current numbers all mean? We’re starting to sound like a broken record, but Single family homes UNDER $2M sold (on average) MORE than the asking price by OVER 117% which indicates an extremely strong sellers’ market! In fact all the categories we track sold for more, on average, than the list price with the exception of Co-ops. As always the San Francisco real estate market which continues to perform EXTREMELY WELL!
If you are thinking of selling this is still a GREAT time to SELL. And it can be a great time to BUY with the right agent. Whether you are buying or selling, call Janis Stone at 866-224-8024 TODAY!
* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.
September 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 32 | $3,364,984 | $3,480,867 | 103.44% | 34 |
| Single Family Under $2M | 110 | $1,163,958 | $1,364,626 | 117.24% | 19 |
| Condominium | 151 | $1,203,329 | $1,275,473 | 105.99% | 28 |
| Loft Condo | 6 | $1,068,833 | $1,234,208 | 115.47% | 11 |
| Co-op | 3 | $1,881,667 | $1,833,333 | 97.43% | 103 |
| TIC | 15 | $1,020,933 | $1,073,000 | 105.10% | 46 |
| ALL * | 367 | $1,600,594 | $1,712,962 | 107.02% | 30 |
August 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 52 | $2,866,808 | $3,022,939 | 105.45% | 23 |
| Single Family Under $2M | 123 | $1,183,248 | $1,377,008 | 116.38% | 22 |
| Condominium | 180 | $1,289,999 | $1,356,161 | 105.13% | 31 |
| Loft Condo | 17 | $1,104,851 | $1,146,479 | 103.77% | 30 |
| Co-op | 2 | $1,269,500 | $1,264,000 | 99.57% | 96 |
| TIC | 20 | $1,372,750 | $1,442,069 | 105.05% | 39 |
| ALL * | 435 | $1,583,942 | $1,691,283 | 106.78% | 29 |
September 2017 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 31 | $3,199,742 | $3,387,308 | 105.86% | 33 |
| Single Family Under $2M | 129 | $1,055,385 | $1,241,873 | 117.67% | 27 |
| Condominium | 141 | $1,153,708 | $1,211,596 | 105.02% | 44 |
| Loft Condo | 7 | $1,043,571 | $1,090,571 | 104.50% | 17 |
| Co-op | 5 | $2,812,800 | $2,770,500 | 98.50% | 66 |
| TIC | 13 | $981,154 | $1,029,029 | 104.88% | 44 |
| ALL * | 378 | $1,490,555 | $1,596,558 | 107.11% | 39 |
* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4
Units, and 5+ Units.
** Figures subject to change as Multiple Listing Service is updated.
+ Formerly, condominium statistics
included condos, co-op, lofts and TICs.
Realtor.com is the official site of the National
Association of Realtors® (NAR) and is a search engine for real
estate nationwide. Realtor.com
has all of San Francisco’s listed homes and condominiums.
September 2018 Report – San Francisco Real Estate Market Update for August 2018
Posted on: September 3, 2018
The number of homes in the Overall Sales category sold in AUGUST decreased for the second month in a row as well as a year ago in the San Francisco Real Estate Market. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close. Now that summer is coming to an end we expect to see these numbers tick up in the next few months. The average sale prices was slightly more than the previous month as well as a year ago. The percentage increase of average sold price over the average list price was LESS than the previous month as well as a year ago. Average days on the market inched up slightly from the previous month (possibly due to the extreme DOM in the Co-op category) but was less than a year ago.
What do these current numbers all mean? Single family homes UNDER $2M sold (on average) MORE than the asking price by OVER 16% which indicates an extremely strong sellers’ market! In fact all the categories we track sold for more, on average, than the list price with the exception of Co-ops. As always the San Francisco real estate market which continues to perform EXTREMELY WELL!
If you are thinking of selling this is still a GREAT time to SELL. And it can be a great time to BUY with the right agent. Whether you are buying or selling, call Janis Stone at 866-224-8024 TODAY!
* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.
August 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 52 | $2,866,808 | $3,022,939 | 105.45% | 23 |
| Single Family Under $2M | 123 | $1,183,248 | $1,377,008 | 116.38% | 22 |
| Condominium | 180 | $1,289,999 | $1,356,161 | 105.13% | 31 |
| Loft Condo | 17 | $1,104,851 | $1,146,479 | 103.77% | 30 |
| Co-op | 2 | $1,269,500 | $1,264,000 | 99.57% | 96 |
| TIC | 20 | $1,372,750 | $1,442,069 | 105.05% | 39 |
| ALL * | 435 | $1,583,942 | $1,691,283 | 106.78% | 29 |
July 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 59 | $3,038,159 | $3,257,786 | 107.23% | 22 |
| Single Family Under $2M | 129 | $1,211,287 | $1,419,042 | 117.15% | 20 |
| Condominium | 225 | $1,143,421 | $1,227,166 | 107.32% | 29 |
| Loft Condo | 18 | $1,279,640 | $1,321,833 | 103.30% | 29 |
| Co-op | 4 | $2,008,750 | $1,975,625 | 98.35% | 93 |
| TIC | 13 | $1,250,692 | $1,319,345 | 105.49% | 37 |
| ALL * | 498 | $1,540,581 | $1,664,016 | 108.01% | 27 |
August 2017 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 35 | $2,938,029 | $3,034,849 | 103.30% | 41 |
| Single Family Under $2M | 169 | $1,088,868 | $1,267,300 | 116.39% | 24 |
| Condominium | 157 | $1,225,589 | $1,294,110 | 105.59% | 37 |
| Loft Condo | 14 | $1,016,231 | $1,014,338 | 99.81% | 65 |
| Co-op | 2 | $2,472,500 | $2,637,500 | 106.67% | 45 |
| TIC | 17 | $1,068,000 | $1,139,588 | 106.70% | 40 |
| ALL * | 456 | $1,445,506 | $1,549,877 | 107.22% | 34 |
* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4
Units, and 5+ Units.
** Figures subject to change as Multiple Listing Service is updated.
+ Formerly, condominium statistics
included condos, co-op, lofts and TICs.
Realtor.com is the official site of the National
Association of Realtors® (NAR) and is a search engine for real
estate nationwide. Realtor.com
has all of San Francisco’s listed homes and condominiums.
