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May 2016 Report – San Francisco Real Estate Market Update for April 2016

The number of homes in the Overall Sales category sold in April increased from the previous month but was less than a year ago in the San Francisco Real Estate Market. These number reflect the homes sold, for the most part, in March. The average prices increased slightly 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 better than the previous month but less than a year ago. Average days on the market increased by about 10 days.

What do these numbers all mean? Single family homes UNDER $2M which sold (on average) almost 14% over the asking price were the biggest winner again. We are seeing fewer multiple offer situations, however, homes still seem to be selling over the asking price. As the market seems to be slowing slightly this could still be a GREAT time to sell!

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

April 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 47 $3,177,957 $3,463,830 110.00% 39
Single Family Under $2M 139 $1,080,399 $1,228,688 113.73% 30
Condominium 178 $1,271,410 $1,318,726 103.72% 40
Loft Condo 15 $1,152,800 $1,213,367 105.25% 31
Co-op 5 $3,544,000 $3,719,000 104.94% 18
TIC 11 $1,362,273 $1,412,500 103.69% 33
ALL * 436 $1,528,719 $1,640,566 107.32% 38

March 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 36 $3,403,201 $3,585,541 105.36% 23
Single Family Under $2M 107 $1,018,205 $1,179,267 115.82% 25
Condominium 185 $1,217,633 $1,275,963 104.79% 31
Loft Condo 21 $1,178,947 $1,206,524 102.34% 21
Co-op 5 $1,402,000 $1,402,125 100.01% 52
TIC 18 $1,155,222 $1,210,139 104.75% 32
ALL * 403 $1,446,029 $1,545,680 106.89% 29

April 2015 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 50 $3,421,560 $3,722,966 108.81% 20
Single Family Under $2M 152 $1,007,619 $1,193,427 118.44% 24
Condominium 222 $1,185,063 $1,285,322 108.46% 31
Loft Condo 8 $994,063 $1,137,125 114.39% 22
Co-op 7 $3,685,857 $3,409,429 92.50% 42
TIC 24 $1,035,417 $1,151,271 111.19% 32
ALL * 507 $1,417,397 $1,588,257 112.05% 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.

April 2016 – No Fooling about our Spring Real Estate Market

SFResidence Logo
April 7, 2016

The SFResidence Real Estate Review
March 2016

Hello from Janis

Janis StoneThe statistics for March 2016 sales are now online. The biggest winner was, once again, single family homes UNDER $2M. On average, they sold almost 16% 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!

You can see by the statistics that prices continue to go up at an amazing rate and the buyers are still trying to get a handle on the how much OVER the asking price they have to offer to win.

The stock market appears to be recovering but the San Francisco real estate market seems to be insulated from the effects of the uncertainty in the economic markets.  I do think that the seasonality of our market has had an effect as some properties are selling so very quickly while others are not selling instantly. That being said, our expectations are that offers (plural, you notice) should come in within a week if not a day!  So if it takes 2 weeks to get a full price offer then we think there is something wrong!  Other parts of the state and the country think in terms of numbers of months to get a property sold—not in terms of days!

The economist for the California Association of Realtors spoke yesterday at a luncheon and showed us statistics that support a continued market of LOW INVENTORY AND INCREASING PRICES for the foreseeable future. So our hot market will continue as we do not build enough housing to satisfy the demand.  Spring is here and it is our most active season.  If you are going to sell, now is the time.

The End of Year Report for 2015 (sales July – December) should be ready shortly. If you would like to know what homes or condos price over $2 million sold in your neighborhood during the past 6 months we should have it by next month!

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

Scarlett Abinante Age 5  

On March , 2016, my grandniece, Scarlett Abinante turned 5 years old! Here is a photo of her with her special “Princess” cake! Two sweet things in one picture!

(click on any of the photos to see them full size)

Scarlett at Build-A-Bear!  

One of Scarlett’s gifts was a visit to Build-A-Bear to create her own special stuffed animal! Here she is leaving the store with her new little “pet”.

Scarlett side by side at 5 with her baby picture!  

And lastly, Scarlett’s mother (my niece, Chelsea Abinante who lives in Huntington Beach, CA) is a talented photographer. She has her own business, Abinante Photography, and she has created this side by side photo of Scarlett as a baby and now at 5 years old!

The Silvers!  

Okay, it’s here! Mick’s band’s first album, “After The Laughter” by The Silvers is out on Genterine Records and may be ordered here.

__________________________________________________

Interest Rates

Dennis Kowalski 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 Russian Hill Condo
1438 Green St. - Russian Hill Condo - $895,000 1438 Green St. #2B

Stroll out your door to enjoy Russian Hill, one of the best neighborhoods in the City. The Arundel is a full service elevator building built in 1998 with a doorman and a common garden and VIEW roof deck. This chic, sunny, large one bedroom condo has an open floor plan, in unit laundry and hardwood floors. The living room features a bay window with a cozy window seat. The kitchen has granite counters, electric range, dishwasher, side by side refrigerator, microwave, disposal and breakfast bar. There is one car parking and separate storage room.

Listed at $895,000

SOLD Pacific Heights 2 Units
2311 California St. - Pacific Heights Units - $3,385,000 2311 California

Meticulously designed, this four bedroom, three and one half bath residence offers a light filled, grand open floor plan that is perfect for entertaining. Impeccably designed, the main level features a gracious living room that opens onto a light filled dining room complete with soaring ceilings. The gourmet kitchen features custom cabinetry, Thermador appliances & a grand island with bar seating for four. Floor-to-ceiling doors provide access to the inviting walk out terrace. The second level features three bedrooms and offers a master suite complete with a luxurious master bath & a walk out terrace. The garden level features a spacious media room complete with a kitchen, full bath. Unsurpassable Location!

Listed at $3,385,000 sold for $3,500,000
Buyer Represented

PENDING Pacific Heights 2 Units
23 1050 North Point #1207A

Views, views and more views! Floor-to-ceiling windows. Sweeping views of the Bay from the Golden Gate Bridge to the East Bay, including the North Bay, Angel Island, Aquatic Park and Alcatraz! Perfect as a full-time residence or pied-a-terre. Classy Fontana West full-service elevator building with doorman and security. View living/dining room with terrace and adjoining kitchen; view bedroom with terrace; full bathroom, abundant storage and 2 car parking (seller bought a second space). Pool. Club room. Guest parking. Walk to Ghirardelli Square, Fisherman’s Wharf, Fort Mason and the Cable Cars! Wonderful restaurants & shopping nearby on Polk, Chestnut & Union Streets. All rooms in this very quiet apartment face the Bay, no street noise.

Listed at $895,000 – Buyer Represented

__________________________________________________ 

See you next month!

Janis Stone DRE# 00517072

SFResidence Logo

“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.

Pacific Union

Top Agent Network

Back to home page

 

April 2016 Report – San Francisco Real Estate Market Update for March 2016

The number of homes in the Overall Sales category sold in March increased significantly from the previous month but was less than a year ago in the San Francisco Real Estate Market. These number reflect the homes sold, for the most part, in February which is our shortest month. Even so, the verage prices increased from the previous month and were about the same as a year ago. However, the percentage increase of average sold price over the average list price was about the same as last month and less than a year ago. Average days on the market were about 30 days.

What do these numbers all mean? The biggest winner this month was, once again, single family homes UNDER $2M which sold (on average) almost 16% over the asking price . Given the small number of homes for sale to begin 2016, this could be a GREAT time to sell!

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

March 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 36 $3,403,201 $3,585,541 105.36% 23
Single Family Under $2M 107 $1,018,205 $1,179,267 115.82% 25
Condominium 185 $1,217,633 $1,275,963 104.79% 31
Loft Condo 21 $1,178,947 $1,206,524 102.34% 21
Co-op 5 $1,402,000 $1,402,125 100.01% 52
TIC 18 $1,155,222 $1,210,139 104.75% 32
ALL * 403 $1,446,029 $1,545,680 106.89% 29

February 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 21 $3,071,095 $3,169,905 103.22% 32
Single Family Under $2M 75 $1,071,877 $1,223,015 114.10% 31
Condominium 125 $1,184,899 $1,250,235 105.51% 33
Loft Condo 7 $1,122,143 $1,148,571 102.36% 35
Co-op 2 $599,000 $630,000 105.18% 52
TIC 19 $997,947 $1,072,711 107.49% 50
ALL * 278 $1,388,190 $1,482,780 106.81% 35

March 2015 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 50 $3,331,380 $3,589,560 107.75% 20
Single Family Under $2M 125 $963,115 $1,087,776 112.94% 27
Condominium 213 $1,217,250 $1,324,307 108.79% 27
Loft Condo 7 $1,250,143 $1,384,286 100.50% 21
Co-op 5 $1,861,200 $1,847,200 99.25% 65
TIC 12 $641,000 $688,250 107.37% 59
ALL * 475 $1,448,854 $1,576,186 108.79% 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.

March 2016 – MARCHing toward our Spring Real Estate Market

SFResidence Logo

Mar. 14, 2016

The SFResidence Real Estate Review
March 2016

Hello from Janis

Janis StoneThe statistics for February 2016 sales are now online. The biggest winner was, once again, single family homes UNDER $2M. On average, they MORE than 14% 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 are beginning to start our SPRING market.  Traditionally this is the most active time for buying and selling in San Francisco.  Interest rates are still low as are inventories!  Our market is hot for good properties so there are still MULTIPLE OFFERS, and sales prices are well in excess of the asking prices.

I was able to help a client get their home quickly and secure a 30 year FIXED loan in the amount of $1,500,000 at a 3.385% interest rate!  The lender that they had originally applied with had quoted them 4% for the same loan.  I had heard about an opportunity with a lender for a better rate and just days after we went into escrow they switched lenders and save tens of thousands of dollars over the life of the loan.  I am here to work for you and negotiate the best for you whether you are a buyer or seller.

Our Semi Annual Luxury Market Report 2015 is still available! If you would like to know what homes or condos price over $2 million sold in your neighborhood during the past 6 months you can click on the link below to download the report.  If you would like to have a printed copy so you can keep it or give it to a friend or neighbor let us know and we will send it to you.
We would also be happy to send the report to any of your neighbors or friends. The End of Year Report for 2015 (sales July – December) should be ready shortly.

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

The Silvers!  

As I told you last month, my honey, Mick, is a rock and roll musician. His band, The Silvers, just released their Second Animated Video for their song, “No More (This Time I Mean It) which features a cartoon “me” giving Mick a hard time for his shenanigans while we are visiting the county fair!

Meanwhile, their first 14 song album of all original material is scheduled to be released on Genterine Records on March 15!

 

__________________________________________________

Interest Rates

Dennis Kowalski 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.

__________________________________________________ 

PENDING Pacific Heights 2 Units
2311 California St. - Pacific Heights Units - $3,385,000 2311 California

Meticulously designed, this four bedroom, three and one half bath residence offers a light filled, grand open floor plan that is perfect for entertaining. Impeccably designed, the main level features a gracious living room that opens onto a light filled dining room complete with soaring ceilings. The gourmet kitchen features custom cabinetry, Thermador appliances & a grand island with bar seating for four. Floor-to-ceiling doors provide access to the inviting walk out terrace. The second level features three bedrooms and offers a master suite complete with a luxurious master bath & a walk out terrace. The garden level features a spacious media room complete with a kitchen, full bath. Unsurpassable Location!

Listed at $3,385,000 – Buyer Represented

PENDING Pacific Heights 2 Units
1050 North Point #1207A

Views, views and more views! Floor-to-ceiling windows. Sweeping views of the Bay from the Golden Gate Bridge to the East Bay, including the North Bay, Angel Island, Aquatic Park and Alcatraz! Perfect as a full-time residence or pied-a-terre. Classy Fontana West full-service elevator building with doorman and security. View living/dining room with terrace and adjoining kitchen; view bedroom with terrace; full bathroom, abundant storage and 2 car parking (seller bought a second space). Pool. Club room. Guest parking. Walk to Ghirardelli Square, Fisherman’s Wharf, Fort Mason and the Cable Cars! Wonderful restaurants & shopping nearby on Polk, Chestnut & Union Streets. All rooms in this very quiet apartment face the Bay, no street noise.

Listed at $895,000 – Buyer Represented

__________________________________________________ 

See you next month!

Janis Stone DRE# 00517072

SFResidence Logo

“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.

Pacific Union

Top Agent Network

Back to home page

 

March 2016 Report – San Francisco Real Estate Market Update for February 2016

The number of homes in the Overall Sales category sold in February decreased slightly 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 January. Average prices dipped slightly from the previous month as well as a year ago. However, the percentage increase of average sold price over the average list price was almost 7%, better than last month, but less than a year ago. Average days on the market were about 30 days or so, indicating that loans are probably becoming more common.

What do these numbers all mean? As noted above, sales closing in February are generally a result of deals made in January, and with around 30 days on the market, this would indicate we are seeing more loans than in the past. The biggest winner this month was, once again, single family homes UNDER $2M which sold (on average) more than 14% over the asking price . Given the small number of homes for sale to begin 2016, this could be a GREAT time to sell!

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

February 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 21 $3,071,095 $3,169,905 103.22% 32
Single Family Under $2M 75 $1,071,877 $1,223,015 114.10% 31
Condominium 125 $1,184,899 $1,250,235 105.51% 33
Loft Condo 7 $1,122,143 $1,148,571 102.36% 35
Co-op 2 $599,000 $630,000 105.18% 52
TIC 19 $997,947 $1,072,711 107.49% 50
ALL * 278 $1,388,190 $1,482,780 106.81% 35

January 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 49 $3,715,947 $3,713,037 99.92% 49
Single Family Under $2M 81 $986,575 $1,094,022 110.89% 38
Condominium 111 $1,158,808 $1,191,728 102.84% 43
Loft Condo 7 $828,000 $868,429 104.88% 53
Co-op 4 $1,798,000 $1,860,250 103.46% 49
TIC 20 $978,200 $1,038,663 106.18% 98
ALL * 289 $1,451,965 $1,518,562 104.59% 48

February 2015 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 20 $3,299,600 $3,544,212 107.41% 25
Single Family Under $2M 98 $952,856 $1,096,771 115.10% 28
Condominium 128 $1,091,738 $1,185,136 108.55% 25
Loft Condo 7 $1,250,143 $1,384,286 100.50% 21
Co-op 5 $1,861,200 $1,847,200 99.25% 65
TIC 12 $641,000 $688,250 107.37% 59
ALL * 314 $1,426,116 $1,540,554 108.02% 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.

February 2016 – It’s Valentine’s month, and we LOVE San Francisco Real Estate

SFResidence Logo
Feb. 10, 2016

The SFResidence Real Estate Review
February 2016

Hello from Janis

Janis StoneThe statistics for January 2016 sales are now online and show the market remained strong even though the number of homes sold decreased. This is to be expected since typically sales that close in January were deals made in December around the holidays. Even so, the biggest winner was again single family homes UNDER $2M. On average, they sold almost 11% higher than the asking price. As always, this depends on the property, neighborhood and location.

The 50th Super Bowl is now history, and it was a great success for San Francisco and the Silicon Area. Even though the game was down the peninsula it seemed like most of the events were in San Francisco. The talk is that we will probably be hosting another one in 6-7 years. Hmmmm…..  Let’s hope they have finished the construction in the SOMA area so people who live and work there can still get around.

Our market is still very dry on inventory. Not surprising for this time of year but combined with the stock market roller coaster it is making for some interesting talk around the water cooler. The buyers are still out there but there are rumblings of not getting as many multiple offers as last year and sometimes no offer on the offer date. But for the well priced, well located, well done property there are still many buyers willing to come to the plate and pay whatever is necessary to get their home.

This is the time to get your home on the market and take advantage of the shortage of listings. Don’t wait for everyone else to lead the way and have to compete with other homes in your neighborhood. Let me know how I can help you strategize for the best experience. And have a great Valentine’s Day—a time to give the ones you love the acknowledgement they deserve.

Our Semi Annual Luxury Market Report is still available! If you would like to know what homes or condos price over $2 million sold in your neighborhood during the past 6 months you can click on the link below to download the report.  If you would like to have a printed copy so you can keep it or give it to a friend or neighbor let us know and we will send it to you.
We would also be happy to send the report to any of your neighbors or friends. The End of Year Report for 2015 (sales July – December) should be ready shortly.

Click on the Semi Annual Report for 2015 (sales for January – June) below, and it will open the PDF on your computer.

Semi Annual Report 2015

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

The Silvers! Some of you may know that my honey, Mick, is a rock and roll musician. Well, his band, The Silvers, is about to release their first album called “After The Laughter” with all original songs in early March on Genterine Records.

As an added bonus, one of their songs will appear on a compilation CD along with some big names in the music industry for a marketing company called Relix and will also be featured in an animated music video on YouTube sometime in March. This is exciting news since they will reach over 100,000 music lovers across the globe! Keep an eye out for them!

__________________________________________________

Interest Rates

Dennis Kowalski 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.

__________________________________________________ 

SOLD South Beach Condo
72 Townsend #301 - South Beach Condo - $999,000 72 Townsend #301

New construction within walking distance to AT&T Park.  One bedroom, one bath with high end appliances and cabinets, hardwood floors, in- unit laundry, private patio and parking.  Fabulous design.  Developer paid one year’s dues.

Listed at $999,000 sold for $999,000

__________________________________________________ 

See you next month!

Janis Stone DRE# 00517072

SFResidence Logo

“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.

Pacific Union

Top Agent Network

Back to home page

 

February 2016 Report – San Francisco Real Estate Market Update for January 2016

The number of homes in the Overall Sales category sold in January decreased significantly from the previous month but was about the same as a year ago in the San Francisco Real Estate Market. These number reflect the homes sold, for the most part, in December. Even so, average prices increased slightly from the previous month as well as a year ago. The percentage increase of average sold price over the average list price was just over 4% about the same as last month, but slightly less than a year ago. Average days on the market increased from last month on nearly every category we track.

What do these numbers all mean? As we said last month, our sales to taper off during the holiday season, and this was the case in January. As noted above, sales closing in January are generally a result of deals made in December. The biggest winner this month was, once again, single family homes UNDER $2M which sold (on average) almost 11% over the asking price . Given the small number of homes for sale to begin 2016, this could be a GREAT time to sell!

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

January 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 49 $3,715,947 $3,713,037 99.92% 49
Single Family Under $2M 81 $986,575 $1,094,022 110.89% 38
Condominium 111 $1,158,808 $1,191,728 102.84% 43
Loft Condo 7 $828,000 $868,429 104.88% 53
Co-op 4 $1,798,000 $1,860,250 103.46% 49
TIC 20 $978,200 $1,038,663 106.18% 98
ALL * 289 $1,451,965 $1,518,562 104.59% 48

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

January 2015 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 13 $2,815,000 $2,972,923 105.61% 12
Single Family Under $2M 79 $995,994 $1,066,725 107.10% 45
Condominium 101 $1,081,131 $1,127,506 104.29% 45
Loft Condo 7 $978,143 $983,000 100.50% 31
Co-op 1 $429,000 $497,000 115.85% 53
TIC 33 $1,169,727 $1,256,697 107.44% 44
ALL * 280 $1,413,419 $1,491,343 105.51% 44

* 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.

Quake Retrofit Grant Opportunity for Northern California Homeowners

Over a quarter-century has passed since the magnitude 6.9 Loma Prieta earthquake. Felt throughout Northern California, the quake’s intense shaking jerked the ground out from under many wood-frame homes. Newer homes are designed to resist this type of earthquake damage, but older homes built to early codes are vulnerable.

Santa Monica home collapsed in 1994 Northridge
earthquake. ( Credit: P. McClellan)
Collapsed foundation systems have been a problem in every moderate and large urban earthquake in the state, going all the way back to the Great San Francisco earthquake in 1906. The region’s next major earthquake is only a matter of time, according to seismologists.

Retrofit Grants Available

Beginning January 20, 2016, eligible homeowners can apply for state grant money – not a loan, but a grant – of up to $3,000 to help pay costs associated with the seismic retrofit of their house. The grant is an incentive payment to encourage homeowners to anchor their vulnerable wood-frame home to its foundation and add bracing around the perimeter of the crawl-space.

The grant opportunity is open to homeowners in designated zip codes in Albany, Berkeley, Burlingame, Emeryville, Hillsborough, Millbrae, Oakland, Piedmont, San Francisco, San Leandro and Woodside.

Qualifying home retrofit projects must satisfy the program’s eligibility requirements and the retrofit design and construction must meet certain permitted building codes and standards.

The application deadline is February 20, 2016. The retrofit program, called the California Residential Mitigation Program (CRMP), is offered by the Governor’s Office of Emergency Services jointly with the California Earthquake Authority.

To learn about project requirements and eligible zip codes, or to register for this grant opportunity, visit:

California Earthquake Brace + Bolt Program

To order a natural hazard disclosure report for your property, call or visit:

JCP-LGS Disclosures.com
(800) 748-5233
www.disclosures.com

January 2016 – This is the perfect time to make a RESOLUTION to SELL! – San Francisco Real Estate

SFResidence Logo
Jan. 6, 2016

The SFResidence Real Estate Review
January 2016

Hello from Janis

Janis StoneThe statistics for December 2015 sales show the market remained steady to end the year. The biggest winner was again single family homes UNDER $2M. On average, they sold 12% higher than the asking price. As always, this depends on the property, neighborhood and location.

2016 is here and our market appears to have buyers anxious to find a home.  Of course, as typical for this time of year, there is very little on the market to buy.  I held an open house on Sunday and there were a lot of new buyers to the market who said their new year’s resolution was to buy a home.  This property had been on the market for 90 days (a long time in our market) but in the past week there had been numerous calls and then a full price, non-contingent offer was accepted the day before the open house.  I noticed that in the MLS there were a number of pending listings of properties that had not sold during the last quarter of 2015 but had accepted offers the FIRST week of 2016.

If you are thinking of selling in the spring of this year you could benefit by this scarcity.  When more properties come on the market in March and April buyers have more choices and therefore less motivation to move quickly and pay more.  During the last quarter of 2015 there were fewer instances of multiple offers and over asking offers.  Some properties lingered on the market and we had more price reductions.  It seemed like buyers had lost the sense of urgency that they had during the Spring market.  Now that urgency has returned which translates into higher prices and shorter marketing times for sellers.  Who knows how long that will last???

Our Semi Annual Luxury Market Report is still available! If you would like to know what homes or condos price over $2 million sold in your neighborhood during the past 6 months you can click on the link below to download the report.  If you would like to have a printed copy so you can keep it or give it to a friend or neighbor let us know and we will send it to you.
We would also be happy to send the report to any of your neighbors or friends. The End of Year Report for 2015 (sales July – December) should be ready shortly.

Click on the Semi Annual Report for 2015 (sales for January – June) below, and it will open the PDF on your computer.

Semi Annual Report 2015

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!
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From our Family and Friends

Special shout out to Christy Curtis! We would like to send a special thank you out to our friend and business associate, Christy Curtis, and her staff for their generosity in sharing their ski pass with Mick on his birthday!

He got to spend one day at Alpine Meadows and then came home with a cold which kept him inside for the rest of the week!

 

Tahoe snow in late December Here are a couple of pictures of the snow in Tahoe while we were there in December. This first one is of the back deck of our condo at the Lake Forest complex.

 

Winter Wonderland Click on these three images to enlarge them.
Mick and Janis at the party celebrating our new office We moved into our new office earlier this year, and our manager, Patrick Barber. pulled out all the stops for this celebration. This is our garage which was turned into a dance area complete with DJ, expensive sports cars and several places to sit and relax.

– Janis Stone

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Interest Rates

Dennis Kowalski

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.

__________________________________________________ 

SOLD South Beach Condo
72 Townsend #301 - South Beach Condo - $999,000 72 Townsend #301

New construction within walking distance to AT&T Park.  One bedroom, one bath with high end appliances and cabinets, hardwood floors, in- unit laundry, private patio and parking.  Fabulous design.  Developer paid one year’s dues.

Listed at $999,000 sold for $999,000

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See you next month!

Janis Stone DRE# 00517072

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“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.

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January 2016 Report – San Francisco Real Estate Market Update for December 2015

The number of homes in the Overall Sales category sold in December increased from the previous month as well as a year ago in the San Francisco Real Estate Market. Though inventory continues to be LOW, we are still seeing better than average numbers. Average prices dropped slightly from the previous month and was lower than a year ago. The percentage increase of average sold price over the average list price was just over 4%. Average days on the market increased from last month on nearly every category we track.

What do these numbers all mean? It is expected for sales to taper off during the holiday season, however, this was not the case in December. In fact, we saw a relatively robust market in spite of the low inventory. The biggest winner this month was, once again, single family homes UNDER $2M which sold (on average) 12% over the asking price . Given the small number of homes for sale to begin 2016, this could be a GREAT time to sell!

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

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

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 $1,105,802 104.96% 35
Co-op 5 $1,494,000 $1,551,000 103.82% 42
TIC 10 $1,321,400 $1,376,400 104.16% 59
ALL * 399 $1,472,594 $1,576,964 107.09% 32

December 2014 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 29 $3,016,379 $3,138,448 104.05% 39
Single Family Under $2M 154 $959,424 $1,044,443 108.86% 39
Condominium 167 $1,111,959 $1,137,832 102.33% 48
Loft Condo 9 $882,442 $894,444 101.36% 48
Co-op 10 $2,218,900 $2,246,400 101.24% 60
TIC 28 $898,000 $945,921 105.34% 41
ALL * 463 $1,425,606 $1,490,228 104.53% 43

* 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.

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