Back Home

Facebook Feeds

Blog

January 2017 Report – San Francisco Real Estate Market Update for December 2016

Posted on: January 9, 2017

The number of homes in the Overall Sales category sold in December were less than the previous 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. However, the average sale prices increased from 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 increased by 9 days over the previous period.

What do these numbers all mean? Single family homes UNDER $2M sold (on average) over the asking price were the biggest winner once again, selling almost 9% over. However you should notice the average sold versus list price percentages of three CONDO categories dipped under 100%. Could this indicate a softening of the market? We shall see what the January market bring.

This is still a GREAT time to SELL and an even better time to BUY!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

December 2016 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	43	$3,282,163	$3,305,823	100.72%	50
Single Family Under $2M	145	$1,091,108	$1,186,061	108.70%	39
Condominium	191	$1,218,648	$1,238,088	101.60%	47
Loft Condo	16	$1,098,406	$1,066,219	97.07%	55
Co-op	6	$2,868,833	$2,822,083	98.37%	44
TIC	15	$1,123,700	$1,123,177	99.95%	69
ALL *	460	$1,536,068	$1,570,629	102.25%	48

November 2016 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	43	$3,843,674	$3,829,619	99.63%	46
Single Family Under $2M	155	$1,127,998	$1,239,957	109.93%	35
Condominium	206	$1,098,893	$1,156,433	105.24%	37
Loft Condo	18	$1,039,722	$1,049,500	100.94%	46
Co-op	7	$1,456,857	$1,446,804	99.31%	46
TIC	17	$952,118	$968,941	101.77%	44
ALL *	489	$1,444,592	$1,512,341	104.69%	39

December 2015 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	30	$3,443,267	$3,489,783	101.35%	33
Single Family Under $2M	157	$1,038,294	$1,162,917	112.00%	34
Condominium	201	$1,200,812	$1,228,260	102.29%	41
Loft Condo	19	$1,094,947	$1,147,474	104.80%	47
Co-op	3	$3,627,667	$3,466,667	95.56%	63
TIC	31	$1,237,129	$1,278,202	103.32%	56
ALL *	484	$1,386,682	$1,450,058	104.57%	41

* 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 2016 Report – San Francisco Real Estate Market Update for November 2016

Posted on: December 3, 2016

The number of homes in the Overall Sales category sold in November were about the same as the previous month but were more than 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. However, the average sale prices dipped significantly from the previous month as well as a year ago. The percentage increase of average sold price over the average list price was more than the previous month but less than a year ago. Average days on the market increased slightly over the last two time periods.

What do these numbers all mean? Once again, single family homes UNDER $2M sold (on average) over the asking price, almost 10% over, and continue to be the biggest winners. However you should notice the average sold percentages of the other categories (except for cooperatives) are much closer to 100% of the list prices if not LESS. This could mean that our market is reaching a more normal state with longer escrow times (more than 30 days). However, the real test will be early next year as we ramp up for 2017. This is still a GREAT time to SELL and an even better time to BUY!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

November 2016 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	43	$3,843,674	$3,829,619	99.63%	46
Single Family Under $2M	155	$1,127,998	$1,239,957	109.93%	35
Condominium	206	$1,098,893	$1,156,433	105.24%	37
Loft Condo	18	$1,039,722	$1,049,500	100.94%	46
Co-op	7	$1,456,857	$1,446,804	99.31%	46
TIC	17	$952,118	$968,941	101.77%	44
ALL *	489	$1,444,592	$1,512,341	104.69%	39

October 2016 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	60	$4,077,013	$4,118,933	101.03%	27
Single Family Under $2M	161	$1,110,004	$1,238,252	111.55%	27
Condominium	181	$1,256,455	$1,297,903	103.30%	33
Loft Condo	11	$996,000	$1,008,364	101.24%	61
Co-op	3	$897,333	$880,000	98.07%	58
TIC	19	$1,115,787	$1,172,053	105.04%	41
ALL *	490	$1,664,569	$1,740,268	104.55%	33

November 2015 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	39	$3,486,256	$3,692,241	105.91%	32
Single Family Under $2M	128	$1,040,029	$1,170,506	112.55%	25
Condominium	159	$1,201,618	$1,284,369	106.89%	33
Loft Condo	17	$1,053,588	$1,105,802	103.96%	42
Co-op	5	$1,494,000	$1,551,000	103.82%	42
TIC	10	$1,321,400	$1,376,400	104.116%	59
ALL *	399	$1,472,594	$1,576,964	107.09%	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 2016 – Time for Thanksgiving! – San Francisco Real Estate

Posted on: November 21, 2016

November 20, 2016 SFResidence.com

The SFResidence Real Estate Review November 2016 Hello from Janis The statistics for October 2016 sales are now online. The biggest winner continues to be single family homes UNDER $2M. On average, they sold just under 12% higher than the asking price. As always, this depends on the property, neighborhood and location. But we have resources that can help get you the BEST price for your home! This is my favorite time of year.  It is a time to look forward to the holidays and to reflect on all that I have to be thankful for.  I am so very fortunate to live in such a beautiful place, to have a career that I love, to have family and friends I can depend upon and for whom I can be depended on and to have my health.  I wish all of you a long list of things you can put on your gratitude list. With the election over there is all kinds of speculation on what is going to happen in the next year and years to come.  There is one thing I am certain of and that is I cannot predict the future.  However, there are people that are paid to do just that—predict the real estate market in the future. On Nov. 16, 2016, Pacific Union held its third annual Real Estate and Economic Forecast in partnership with John Burns Real Estate Consulting in order to project Bay Area activity through 2019. Chief Economist Selma Hepp provides some key, high-level takeaways from the event in a post on the Pacific Union blog. A link to a video of the entire event is included. Go to this link to view the event—I think you will find it very informative. http://pacunion.us/2g3gHbW ========================================================= REMEMBER… If you are MOVING or KNOW SOMEONE WHO IS, we have GREAT AGENTS to whom we can refer with confidence! If you or someone you know needs to buy or sell property somewhere else in the country, keep us in mind. And you agents out there across the country who are receiving this newsletter, you are on our referral list for your area! _________________________________________________

From our Family and Friends Here are a few more of the many photos I took during our 2 1/2 week trip to London, Liverpool and Paris. There were so many things to see and thousands of photos to take. This is a photo of the Tower Bridge which Mick always thought was the London Bridge (Old London Bridge is now in Lake Havasu, AZ). Click on any of the photos to enlarge them. During our stay we purchased a three day pass for the Hop-On-Hop-Off-Bus in London which included an optional walking tour of the changing of the guard at Buckingham Palace. Go to my FaceBook page to see the changing of the guard video! On another of our side trips we went to Oxford which is a town with a LOT of colleges, not just the one. So now Mick says, “I went to Oxford,” and he’s telling the truth. Here is just one of the magnificent old buildings in that town. On the day we went to “Downton Abbey” we also stopped in the little town of Bampton that was supposed to be part of Downton. It actually was quite far away, but we saw the library which was the hospital in the show as well as the church and the home where Cousin Isabel supposedly lived. Here is a photo of the library which was used as the entrance to the hospital in Downton Abbey. Finally, here is the exterior of the Bampton home they used on Downton Abbey where Cousin Isabel lived. More photos from the trip will be shown next month starting with our stop in Liverpool! – Janis Stone __________________________________________________ Interest Rates Our trusted advisor, Dennis Kowalski, is eager to help you with your mortgage needs. With all the turmoil in the stock and bond markets, mortgage rates change day to day! However, interest rates have been very low for a long time. Now might be the time to take advantage of them! Dennis is an award-winning loan consultant who has built his career on delivering unsurpassed customer service. His top priority is to make sure his clients are presented with all the options and information they need to make the decision that’s right for them. __________________________________________________  FOR SALE Mission Bay – The Madrone 435 China Basin #628 Enjoy indoor/outdoor living in this top floor 2 bedroom, 2 bath condo with HUGE terrace across the entire condo with water views, hardwood floors, parking and storage.  The Madrone is a full service building with resort style amenities including open air sun deck with 75’ pool,  outdoor spa, BBQ w/dining area, entertaining kitchen, fitness center with steam room and sauna, business center, and attendant lobby with seating. Listed at $1,595,000 FOR SALE Nob Hill Co-op 1200 California #8D STUNNING VIEWS of the GG Bridge, Bay & City from this exquisitely remodeled 2 bedroom, 2 bath cooperative in an exclusive full service building on the top of Nob Hill. Wake up or entertain looking at the full span of the Golden Gate Bridge, the Bay and sparkling lights of the City. The open floor plan features the kitchen with custom cabinets, stainless steel island with cook top, electric oven, Bosch dishwasher, wine refrigerator & Sub Zero refrigerator. This opens to the dining room & living room with PANORAMIC VIEWS. Both of the bedrooms have great VIEWS. The master suite has a walk in closet & both baths have been beautifully remodeled. Additional features include laundry, hardwood floors, automated sun shades, parking & storage. Listed at $2,995,000 SALE PENDING Eureka Valley Condo 245 Collingwood Fantastic location for the indoor/outdoor living that this home offers. Beautifully remodeled top floor condo with French doors leading to decks off the kitchen, master bedroom and dining room, high ceilings, tall doorways, hardwood floors, in unit laundry, great light and 2-3 car tandem parking. The kitchen has stainless steel appliances, (Bosch, Fisher/Paykel), island and breakfast area. Large yard with hot tub and informal HOA with the other unit. Don’t miss your chance to own this special home. Listed at $1,295,000 SALE PENDING Eureka Valley Units 4650-52 18th St. offers the best of contemporary City living with the magnificence of Victorian architecture in a superior Castro-Eureka Valley location. Newly built in 2005 and mostly detached on all sides allowing great natural light throughout, home offers 3 beds/3.5 baths on three levels & a legal 1 bed/1bath guest apartment w/a separate entrance, a Great Room living/dining w/FP+ Chef’s kitchen for large scale dining & entertaining, soaring ceilings, a dramatic central staircase & garden patio; a 2nd level Master suite w/FP, guest bedroom w/en-suite & deck + top floor 3rd bedroom, bath & office w/vu deck. Garage pkg. Conveniently located steps to Castro Village restaurants, cafes & grocery stores, public transportation & area freeways. Listed at $2,500,000 COMING SOON! Scotts Valley 234 +/- Acres Located in the heart of Scotts Valley off Hwy. 17 with a stream, cabin, olive trees, and timber ready to be harvested.  Build your dream home, have a retreat, grow grapes or have a wonderful get away close to Santa Cruz or the Silicon Valley.  It is 3 separate parcels so there is development potential also. To be listed at $4,800,000 SOLD Eureka Valley Home 374 Douglas Uniquely tucked into the hillside and towering above the tree line this special home offers tremendous light, privacy and smashing San Francisco skyline views! The main home features 2 levels of living w/ an updated kitchen, dining, and living room all with striking views. 2 bedrooms opening to a terraced garden, full bath and laundry finish this level. Up to the 2nd level is the master suite and access to HUGE view deck. Below the home is a studio in-law unit with a full kitchen, bath and a separate private entrance. Features such as 2 fireplaces, abundant privacy and even an air conditioned master suite make this home special. Location is A+ with super easy street parking, a rarity for San Francisco! Buyer Represented Listed at $1,599,000 sold for $1,915,000 SOLD! Midtown Terrace Home 148 Marview Way Beautiful detached Midtown Terrace home with ocean views. The main floor features three bedrooms all on one level a remodeled bath with Kohler fixtures, designer tile and extra deep tub an open floor plan living and dining room with wood burning fireplace, fully remodeled open kitchen with commercial Wolf gas stove, stainless appliances and granite counters. The lower level has a two car garage, laundry area and storage and opens to a back yard with both flat and terraced areas. High ceilings in lower level with expansion potential. Seller has done extensive work on French drainage systems, foundation work and sheer walling and insulating garage area. Midtown Terrace is a wonderful single family area close to everything. Buyer Represented Listed at $998,000 sold for $1,150,000 __________________________________________________  See you next month! Janis Stone DRE# 00517072

“The nicest compliment you can give us is to refer others within your circle” Toll Free (866) 224-8024 If you are a Realtor, by opting out you will be removed from our referral network. Back to home page

November 2016 Report – San Francisco Real Estate Market Update for October 2016

Posted on: November 4, 2016

The number of homes in the Overall Sales category sold in October increased from the previous month but were less than a year ago in the San Francisco Real Estate Market. These number reflect the homes sold (for the most part) in the previous month given a typical 30 day close. The average sale prices increased from the previous month as well as a year ago. The percentage increase of average sold price over the average list price was a less than the previous month as well as a year ago. Average days on the market decreased slightly.

What do these numbers all mean? Once again, single family homes UNDER $2M sold (on average) over the asking price, almost 12% over, and continue to be the biggest winners. You will also notice the average sold percentages of the other categories (except for cooperatives) are also all over 100% of the list prices. For the right property, we are still seeing multiple offer situations. Could your home be one of those? This is still a GREAT time to SELL and an even better time to BUY!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

October 2016 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	60	$4,077,013	$4,118,933	101.03%	27
Single Family Under $2M	161	$1,110,004	$1,238,252	111.55%	27
Condominium	181	$1,256,455	$1,297,903	103.30%	33
Loft Condo	11	$996,000	$1,008,364	101.24%	61
Co-op	3	$897,333	$880,000	98.07%	58
TIC	19	$1,115,787	$1,172,053	105.04%	41
ALL *	490	$1,664,569	$1,740,268	104.55%	33

September 2016 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	28	$2,928,536	$3,102,176	105.93%	26
Single Family Under $2M	128	$1,054,262	$1,166,058	110.60%	42
Condominium	163	$1,202,790	$1,249,265	103.86%	38
Loft Condo	19	$944,131	$976,999	103.48%	38
Co-op	3	$2,039,967	$2,152,333	105.51%	27
TIC	22	$1,061,227	$1,080,114	101.78%	58
ALL *	394	$1,317,814	$1,395,275	105.88%	40

October 2015 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	46	$3,245,348	$3,459,136	106.59%	22
Single Family Under $2M	184	$1,046,079	$1,192,832	114.03%	26
Condominium	201	$1,112,595	$1,209,990	108.75%	25
Loft Condo	20	$1,036,650	$1,086,350	104.79%	38
Co-op	4	$631,250	$662,500	104.95%	29
TIC	22	$984,773	$1,113,409	113.06%	35
ALL *	521	$1,333,111	$1,461,708	109.65%	27

* 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.

Posted on: October 23, 2016

October 16, 2016 SFResidence.com

The SFResidence Real Estate Review October 2016 Hello from Janis The statistics for September 2016 sales are now online. The biggest winner continues to be single family homes UNDER $2M. On average, they sold a little over 10% higher than the asking price. As always, this depends on the property, neighborhood and location. But we have resources that can help get you the BEST price for your home! We had the Pacific Union’s chief economist, Selma Hepp give us an overview and perspective of the San Francisco market.  Here is Patrick Barber’s summary of it: “There has been double digit annual appreciation for the past 5 years and it simply is not sustainable.  We have entered a period of normalization and the historic data affirms this.  The biggest issues are affordability for buyers, and where do sellers go after paying their tax bills? “Buyer fatigue began to set in June 2015 so they are much more diligent/picky about what they will buy.  Sellers continued to raise expectations while buyers began to show patience creating a gap in perceived values and some of the price reductions we are witnessing, especially at the top end of the market.  As long as job growth remains strong locally and inventory low, the market should move forward albeit in the low single digits for growth. “We are projecting 3% a year for the next three years.  So it is a good time for realistic sellers to sell as the market inventory is low, and an equally good time to buy as some buyers sit on the sideline for the bubble to pop.  The problem with their rationale is there is no bubble because this go around the banks made sure homeowners were qualified and had to put good size down payments in to purchase.” My buyers are still encountering multiple offers with sales prices 10%+ over the asking price.  I think most of these properties had listing prices that are deliberately under the comparable values.  It is just a marketing technique to get buyers to guess as to what the market will ultimately offer.   It is very frustrating for buyers but in the under $2 million price range I do not see it changing. ========================================================= REMEMBER… If you are MOVING or KNOW SOMEONE WHO IS, we have GREAT AGENTS to whom we can refer with confidence! If you or someone you know needs to buy or sell property somewhere else in the country, keep us in mind. And you agents out there across the country who are receiving this newsletter, you are on our referral list for your area! _________________________________________________

From our Family and Friends Our friend, Rick Bicardo from Hawaii, sent us a note that his daughter, Lia, submitted a photo to the 2016 Nature Photography Contest and won RUNNER UP in the Youth Landscape category. Go to the site to see a better version of this photo. Did we mention she has also self published several books? We continue to be amazed at the accomplishments of this young lady! More news from Mick’s band, The Silvers, who released their second record this year, a 6 song CD EP called “End Of Summer” which was out on September 1! Here is a view of the beautiful cover artwork. Here are just a couple of the many photos I took during our 2 1/2 week trip to London, Liverpool and Paris. There were so many things to see and thousands of photos to take. This first is one of the Tower Bridge taken during a boat trip down the Thames. Click on any of the photos to enlarge them. Our first day trip took us to Windsor Castle, Bath and Stonehenge. This first photo is of Mick and I in front of the Queen’s home. She was not in as she spends her summers at Balmoral in Scotland. It is just a little “second home” for the Queen. This is just the back side of the Castle.  It is really magnificent. The second stop of that day was at the ancient Roman mineral baths in Bath.  Bath is a beautiful little City that has great architecture and history.  It was a little overrun with tourists the day we visited as busloads are let off in the center of town and then swarm through the streets. It would be great to visit in the  “off season”. The final stop that day was at Stonehenge on the Salisbury Plains. To wrap it up for this month, here is where we went on my birthday! Yes, it’s Highclere Castle where Downton Abbey was filmed! I will share more of our adventures next month! – Janis Stone __________________________________________________ Interest Rates Our trusted advisor, Dennis Kowalski, is eager to help you with your mortgage needs. With all the turmoil in the stock and bond markets, mortgage rates change day to day! However, interest rates have been very low for a long time. Now might be the time to take advantage of them! Dennis is an award-winning loan consultant who has built his career on delivering unsurpassed customer service. His top priority is to make sure his clients are presented with all the options and information they need to make the decision that’s right for them. __________________________________________________  FOR SALE Mission Bay – The Madrone 435 China Basin #628 Enjoy indoor/outdoor living in this top floor 2 bedroom, 2 bath condo with HUGE terrace across the entire condo with water views, hardwood floors, parking and storage.  The Madrone is a full service building with resort style amenities including open air sun deck with 75’ pool,  outdoor spa, BBQ w/dining area, entertaining kitchen, fitness center with steam room and sauna, business center, and attendant lobby with seating. Listed at $1,595,000 JUST LISTED Eureka Valley Condo 245 Collingwood Fantastic location for the indoor/outdoor living that this home offers. Beautifully remodeled top floor condo with French doors leading to decks off the kitchen, master bedroom and dining room, high ceilings, tall doorways, hardwood floors, in unit laundry, great light and 2-3 car tandem parking. The kitchen has stainless steel appliances, (Bosch, Fisher/Paykel), island and breakfast area. Large yard with hot tub and informal HOA with the other unit. Don’t miss your chance to own this special home. Listed at $1,295,000 COMING SOON! Scotts Valley 234 +/- Acres Located in the heart of Scotts Valley off Hwy. 17 with a stream, cabin, olive trees, and timber ready to be harvested.  Build your dream home, have a retreat, grow grapes or have a wonderful get away close to Santa Cruz or the Silicon Valley.  It is 3 separate parcels so there is development potential also. To be listed at $4,800,000 SALE PENDING Eureka Valley Home 374 Douglas Uniquely tucked into the hillside and towering above the tree line this special home offers tremendous light, privacy and smashing San Francisco skyline views! The main home features 2 levels of living w/ an updated kitchen, dining, and living room all with striking views. 2 bedrooms opening to a terraced garden, full bath and laundry finish this level. Up to the 2nd level is the master suite and access to HUGE view deck. Below the home is a studio in-law unit with a full kitchen, bath and a separate private entrance. Features such as 2 fireplaces, abundant privacy and even an air conditioned master suite make this home special. Location is A+ with super easy street parking, a rarity for San Francisco! Buyer Represented Listed at $1,599,000 SALE PENDING Midtown Terrace Home 148 Marview Way Beautiful detached Midtown Terrace home with ocean views. The main floor features three bedrooms all on one level a remodeled bath with Kohler fixtures, designer tile and extra deep tub an open floor plan living and dining room with wood burning fireplace, fully remodeled open kitchen with commercial Wolf gas stove, stainless appliances and granite counters. The lower level has a two car garage, laundry area and storage and opens to a back yard with both flat and terraced areas. High ceilings in lower level with expansion potential. Seller has done extensive work on French drainage systems, foundation work and sheer walling and insulating garage area. Midtown Terrace is a wonderful single family area close to everything. Buyer Represented Listed at $998,000 __________________________________________________  See you next month! Janis Stone DRE# 00517072

“The nicest compliment you can give us is to refer others within your circle” Toll Free (866) 224-8024 If you are a Realtor, by opting out you will be removed from our referral network. Back to home page

October 2016 Report – San Francisco Real Estate Market Update for September 2016

Posted on: October 3, 2016

The number of homes in the Overall Sales category sold in September decreased from the previous month but were higher than a year ago in the San Francisco Real Estate Market. These number reflect the homes sold (for the most part) in August given a typical 30 day close. The average sale prices decreased from the previous month as well as a year ago. The percentage increase of average sold price over the average list price was a bit more than the previous month but less than a year ago. Average days on the market decreased slightly.

What do these numbers all mean? Single family homes UNDER $2M which sold (on average) just slightly more than 10% over the asking price continue to be the biggest winners. You will also notice the average sold percentages of the other categories have increased back over 100% of the list prices. For the right property, we are still seeing multiple offer situations. Could your home be one of those? This is still a GREAT time to SELL and an even better time to BUY!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

September 2016 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	28	$2,928,536	$3,102,176	105.93%	26
Single Family Under $2M	128	$1,054,262	$1,166,058	110.60%	42
Condominium	163	$1,202,790	$1,249,265	103.86%	38
Loft Condo	19	$944,131	$976,999	103.48%	38
Co-op	3	$2,039,967	$2,152,333	105.51%	27
TIC	22	$1,061,227	$1,080,114	101.78%	58
ALL *	394	$1,317,814	$1,395,275	105.88%	40

August 2016 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	40	$2,899,025	$3,002,100	103.56%	39
Single Family Under $2M	149	$1,028,845	$1,154,189	112.18%	31
Condominium	209	$1,199,902	$1,227,176	102.27%	46
Loft Condo	14	$977,571	$1,003,214	102.62%	47
Co-op	8	$1,408,063	$1,378,000	87.86%	53
TIC	19	$974,995	$1,016,579	104.27%	44
ALL *	490	$1,405,251	$1,471,191	104.69%	42

September 2015 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	23	$2,538,217	$3,038,000	119.69%	23
Single Family Under $2M	128	$968,792	$1,127,101	116.34%	26
Condominium	134	$1,069,498	$1,175,794	109.94%	32
Loft Condo	15	$965,936	$1,028,336	106.46%	42
Co-op	4	$2,692,000	$2,311,250	85.86%	34
TIC	14	$1,111,693	$1,151,857	103.61%	43
ALL *	367	$1,333,555	$1,491,882	111.87%	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.

September 2016 Report – San Francisco Real Estate Market Update for August 2016

Posted on: September 13, 2016

The number of homes in the Overall Sales category sold in August increased from the previous month as well as a year ago in the San Francisco Real Estate Market which indicates that our market is still hopping. These number reflect the homes sold (for the most part) in July given a typical 30 day close. The average sale prices dipped slightly from the previous month but were higher than a year ago. However, the percentage increase of average sold price over the average list price was a bit less than the previous month as well as a year ago. Once again, average days on the market increased slightly.

What do these numbers all mean? Single family homes UNDER $2M which sold (on average) just slightly more than 12% over the asking price continue to be the biggest winners. You will also notice the average sold percentages of the other categories have increased back over 100% of the list prices except for co-ops which took a slight hit. For the right property, we are still seeing multiple offer situations. Could your home be one of those? This is still a GREAT time to SELL and an even better time to BUY!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

August 2016 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	40	$2,899,025	$3,002,100	103.56%	39
Single Family Under $2M	149	$1,028,845	$1,154,189	112.18%	31
Condominium	209	$1,199,902	$1,227,176	102.27%	46
Loft Condo	14	$977,571	$1,003,214	102.62%	47
Co-op	8	$1,408,063	$1,378,000	87.86%	53
TIC	19	$974,995	$1,016,579	104.27%	44
ALL *	490	$1,405,251	$1,471,191	104.69%	42

July 2016 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	40	$3,801,825	$3,807,258	100.14%	45
Single Family Under $2M	152	$1,074,595	$1,213,124	112.89%	28
Condominium	202	$1,159,615	$1,205,909	103.99%	36
Loft Condo	10	$1,093,189	$1,118,050	102.27%	49
Co-op	3	$1,383,333	$1,394,000	100.77%	35
TIC	20	$1,003,275	$1,005,050	100.18%	64
ALL *	468	$1,477,551	$1,555,444	105.27%	39

August 2015 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	29	$3,031,034	$3,258,828	107.52%	39
Single Family Under $2M	152	$994,434	$1,169,201	117.57%	26
Condominium	170	$1,100,515	$1,194,744	108.56%	24
Loft Condo	9	$881,778	$938,902	106.48%	46
Co-op	5	$1,597,800	$1669,000	104.46%	36
TIC	25	$999,890	$1,051,480	105.16%	46
ALL *	444	$1,316,855	$1,443,402	109.61%	30

* 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.

August 2016 Report – San Francisco Real Estate Market Update for July 2016

Posted on: August 4, 2016

The number of homes in the Overall Sales category sold in July decreased from the previous month as well as a year ago in the San Francisco Real Estate Market. These number reflect the homes sold (for the most part) in June and closing in July given a typical 30 day close. The average sale prices dipped slightly from the previous month but were higher than a year ago. However, the percentage increase of average sold price over the average list price was a bit more than the previous month but was over 5% less than a year ago. Once again, average days on the market increased slightly.

What do these numbers all mean? Single family homes UNDER $2M which sold (on average) almost 13% over the asking price (second month in a row!) continue to be the biggest winners. You will also notice the average sold percentages of the other categories have increased back over 100% of the list prices. So even though the volume is down, sales are still strong! For the right property, we are still seeing multiple offer situations. Could your home be one of those? This is still a GREAT time to sell!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

July 2016 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	40	$3,801,825	$3,807,258	100.14%	45
Single Family Under $2M	152	$1,074,595	$1,213,124	112.89%	28
Condominium	202	$1,159,615	$1,205,909	103.99%	36
Loft Condo	10	$1,093,189	$1,118,050	102.27%	49
Co-op	3	$1,383,333	$1,394,000	100.77%	35
TIC	20	$1,003,275	$1,005,050	100.18%	64
ALL *	468	$1,477,551	$1,555,444	105.27%	39

June 2016 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	58	$3,586,414	$3,576,979	99.74%	33
Single Family Under $2M	172	$1,060,757	$1,197,477	112.89%	27
Condominium	217	$1,160,645	$1,219,670	105.09%	33
Loft Condo	16	$1,012,000	$1,047,313	103.49%	43
Co-op	3	$3,116,667	$3,183,333	102.14%	33
TIC	17	$1,108,118	$1,150,765	103.84%	52
ALL *	533	$1,520,435	$1,594,936	104.90%	34

July 2015 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	53	$3,051,600	$3,286,003	107.68%	32
Single Family Under $2M	155	$957,538	$1,146,538	119.74%	23
Condominium	185	$1,141,851	$1,237,759	108.40%	27
Loft Condo	31	$930,003	$1,023,024	110.00%	29
Co-op	4	$2,452,750	$2,685,750	109.50%	36
TIC	19	$888,889	$952,311	107.13%	46
ALL *	492	$1,337,938	$1,484,015	110.92%	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.

July 2016 Report – San Francisco Real Estate Market Update for June 2016

Posted on: July 7, 2016

The number of homes in the Overall Sales category sold in June increased from the previous month as well as a year ago in the San Francisco Real Estate Market. These number reflect the homes sold (for the most part) in May and closing in June given a typical 30 day close. The average sale prices increased from the previous month but were less than a year ago. However, the percentage increase of average sold price over the average list price was much less than the previous month as well as less than a year ago. Average days on the market increased slightly.

What do these numbers all mean? Single family homes UNDER $2M which sold (on average) almost 13% over the asking price continue to be the biggest winners, however, you will notice the percentages have decreased so that single family homes $2M and over sold for LESS than the asking price on average. As we said last month, Realtors have a sense that the market is slowing slightly with longer days on the market being the norm. However, for the right property, there are still multiple offer situations. Could your home be one of those? This is still a GREAT time to sell!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

June 2016 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	58	$3,586,414	$3,576,979	99.74%	33
Single Family Under $2M	172	$1,060,757	$1,197,477	112.89%	27
Condominium	217	$1,160,645	$1,219,670	105.09%	33
Loft Condo	16	$1,012,000	$1,047,313	103.49%	43
Co-op	3	$3,116,667	$3,183,333	102.14%	33
TIC	17	$1,108,118	$1,150,765	103.84%	52
ALL *	533	$1,520,435	$1,594,936	104.90%	34

May 2016 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	33	$3,183,818	$3,480,346	109.31%	27
Single Family Under $2M	153	$1,112,088	$1,275,536	114.70%	23
Condominium	196	$1,191,385	$1,261,670	105.90%	30
Loft Condo	21	$988,423	$1,039,619	105.18%	42
Co-op	9	$1,549,444	$1,514,621	97.75%	56
TIC	17	$1,118,088	$1,154,912	103.29%	40
ALL *	486	$1,425,577	$1,543,677	108.28%	30

June 2015 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	49	$3,491,449	$3,847,292	110.19%	18
Single Family Under $2M	147	$1,001,210	$1,180,200	117.88%	30
Condominium	198	$1,154,072	$1,267,634	109.84%	24
Loft Condo	20	$1,083,850	$1,210,285	111.67%	35
Co-op	8	$3,130,375	$3,214,375	102.68%	20
TIC	31	$1,107,419	$1,168,194	105.49%	34
ALL *	515	$1,463,870	$1,615,915	110.39%	30

* 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.

June 2016 – Summer starts in San Francisco

Posted on: June 8, 2016

June 8, 2016 SFResidence.com

The SFResidence Real Estate Review June 2016 Hello from Janis The statistics for May 2016 sales are now online. The biggest winner continues to be single family homes UNDER $2M. On average, they sold almost 15% higher than the asking price. As always, this depends on the property, neighborhood and location. But we have resources that can help get you the BEST price for your home! There seems to be a common thread in conversations at open houses—Is the market going down?  That is a very hard question to answer when there is a change in the status quo.  The market does seem to be changing especially in some neighborhoods such as SOMA, South Beach, Noe Valley, and the Mission in particular. But what I see is a more NORMAL market where properties come on the market and if they are priced right they sell within 30-60 days.  That is even still considered a seller’s market.  Once you get to “on market” days exceeding 90 days then you are more into a buyer’s market.  We are seeing more price reductions, less multiple offers and fewer huge over asking offers.  However, they do happen, particularly with special, “check all the boxes” homes or homes in the lower price points where more people are in a position to buy them. Interest rates are still VERY LOW and there are some great lending packages out there with 10% down for JUMBO loans.  I think this is one of the BEST TIMES TO BUY that we have had in several years.  Buyers have been saying for the last few years “I wish I could buy without having to compete with 10 or 20 buyers!” Then now is the time.  Don’t let fear keep you from having your own home in San Francisco! REMEMBER… If you are MOVING or KNOW SOMEONE WHO IS, we have GREAT AGENTS to whom we can refer with confidence! If you or someone you know needs to buy or sell property somewhere else in the country, keep us in mind. In return for the lead, we’ll give you a chance to win our Rewards contest for a weekend in Tahoe. And you agents out there across the country who are receiving this newsletter, you are on our referral list for your area! _________________________________________________

From our Family and Friends Our dear friend from Hawaii, Bonnie Wedemeyer, visited in May to do a presentation to our office on her company’s new offering, Luxury Condominiums on Oahu.  Look at this special property on their website and if you want to see it contact me and I can give you a personal introduction to Bonnie. www.theparklanealamoana.com (click on the photos to see them full size) Memorial day gave us a chance to take the boat out in the Bel Marin Keys North Lagoon and sail with another dear friend, Diana Barrett. Afterward we “celebrated” with cheeseburgers and homemade French fries! Mick took this nice picture of me as I drove the boat around the lagoon avoiding other boats, water skiers and kayaks! Middle of the week before the holiday, we joined the Pacific Union office for a day game on May 25 at AT&T Park to watch the Giants play (and win) against the San Diego Padres. – Janis Stone __________________________________________________ Interest Rates Our trusted advisor, Dennis Kowalski, is eager to help you with your mortgage needs. With all the turmoil in the stock and bond markets, mortgage rates change day to day! However, interest rates have been very low for a long time. Now might be the time to take advantage of them! Dennis is an award-winning loan consultant who has built his career on delivering unsurpassed customer service. His top priority is to make sure his clients are presented with all the options and information they need to make the decision that’s right for them. __________________________________________________  JUST LISTED Mission Bay – The Madrone 435 China Basin #628 Enjoy indoor/outdoor living in this top floor 2 bedroom, 2 bath condo with HUGE terrace across the entire condo with water views, hardwood floors, parking and storage.  The Madrone is a full service building with resort style amenities including open air sun deck with 75’ pool,  outdoor spa, BBQ w/dining area, entertaining kitchen, fitness center with steam room and sauna, business center, and attendant lobby with seating. Listed at $1,595,000 COMING SOON! Scotts Valley 234 +/- Acres Located in the heart of Scotts Valley off Hwy. 17 with a stream, cabin, olive trees, and timber ready to be harvested.  Build your dream home, have a retreat, grow grapes or have a wonderful get away close to Santa Cruz or the Silicon Valley.  It is 3 separate parcels so there is development potential also. To be listed at $4,800,000 FOR SALE South Beach Condo 88 King St. #817 Do you love the action of South Beach & the San Francisco GIANTS? This chic, 2 bedroom, 2 bath sunny condo is on the west side of the Embarcadero Towers w/ City Views & is the perfect home to enjoy all that South Beach has to offer. Featuring the best 2 bedroom floor plan each of the bedroom suites is separated by the spacious living area. The kitchen features black granite countertops with breakfast bar & stainless steel appliances. An open floor plan w/ hardwood floors has a spacious living area with an electric fireplace, large windows with City views & sliding doors leading to a private terrace. There is in unit laundry, 1 car parking & access to all of the Towers amenities–pool, spa, barbecue, gym, 24 hr. doorman & business center. Listed at $1,295,000 SALE PENDING Mission Bay – The Madrone 435 China Basin #639 Beautiful 2 level penthouse with large deck and Bay and Bay Bridge Views!  2 bedrooms, loft, 2.5 baths, laundry, high ceilings, parking, storage. Listed at $1,995,000 __________________________________________________  See you next month! Janis Stone DRE# 00517072

“The nicest compliment you can give us is to refer others within your circle” Toll Free (866) 224-8024 If you are a Realtor, by opting out you will be removed from our referral network. Back to home page