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February 2020 – We LOVE – San Francisco Real Estate – NEWSLETTER

Posted on: February 25, 2020

February 25, 2020 SFResidence.com

The SFResidence Real Estate Review FEBRUARY 2020 Hello from Janis and Bethany, The latest market statistics for last month are on our blog for the San Francisco Real Estate sales. The biggest winner continues to be single family homes UNDER $2M though all our categories we track sold (on average) OVER the asking price with the exception of co-ops. 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! Rent control—friend or foe??  Now California has statewide rent control and the only properties exempt from rent control and eviction control are those built within the past 15 years and yes, that is a rolling date.  So as time goes on so does the inclusion in rent control.  Of course in their infinite wisdom the state has allowed local governments to have stricter rent control measures.  Talk about confusing!! Even attorneys are having a hard time figuring out what to do.  If you have property in San Francisco and plan to rent it or if it is rented and you want to raise the rent or if you want to move into your own house or condo or unit in a building you would be smart to contact an attorney who specializes in San Francisco Rent Control laws.  But some of the nuances in San Francisco include the fact that if you want to move into your own home you have to PAY your tenants $7,225 each up to a maximum of $21,674 plus a bonus of $4,817 if the tenants have minor children or one is over 60 years old or is disabled.  So rather than San Francisco (or California in general) encouraging developers and builders to build more housing including “affordable” housing they are making it more difficult and expensive for people to build, expand or rent their property.  Not only is it risky to rent your property it has become exponentially more expensive and time consuming to expand your current home or build multi unit properties in San Francisco.  When it takes years to get plans approved and you cannot depend on the rules to apply to your plans then it becomes too frustrating and expensive to try to build in San Francisco.  It is way past time for San Francisco to streamline the planning and approval process for building properties and build new housing rather than making those who own property pay for their bad management for the past 40 years!! ========================================================= 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 grand niece, Scarlett is certainly making a name for herself on TV. She is getting more and more roles. We are so proud of her! Check out her page on IMDB. ========================================================= SOLD, FEATURED and COMING SOON Compass Listings CALL OR EMAIL FOR MORE INFORMATION   SOLD 111 Chestnut #610 A special, sunny, SE corner 1 bedroom + den condo at Parc Telegraph. Original owner was meticulous and this unit shows it. The open floor plan living area has views of Coit Tower and the den features a built-in desk, bookshelves and a view of the Bay & Coit Tower. The kitchen has electric range, dishwasher, microwave, disposal, refrigerator, and is open to the living area. The bathroom has a shower over tub and there is an in unit washer and dryer. The bedroom has views of Coit Tower. Parc Telegraph amenities include a gym 24 hour concierge, event room, guest suite and professional management. Listed for $795,000 SOLD for $808,000 PENDING 460 Filbert #3 Mid century style top floor 1 bedroom unit in a 3 unit building on Telegraph Hill.  Newly converted condo with an open floor plan, great room with hardwood floors, free standing gas fireplace and sliding glass doors leading to a private deck. The remodeled kitchen features custom wood cabinets, Bosch dishwasher, side by side refrigerator with ice maker, gas range and disposal. The large bedroom has City views, generous closets and a desk area is in the hallway. There is a remodeled bath with skylight. City views can be enjoyed from the bedroom and the living room. The huge common area roof deck has expansive views of Coit Tower and the City all the way to the Golden Gate Bridge. There is one car carport parking and a storage room. Listed for $895,000 COMING SOON 2606 Buchanan Mid Century top floor remodeled condominium in a 2 unit building.  Open floor plan with a large living/dining room with a wood burning fireplace, opening to a great kitchen with top of the line appliances, 2 bedrooms, 2 baths, hardwood and parquet floors, 2+ exclusive tanden parking, room and ½ bath down. Listed for $1,595,000 COMING SOON 1703 Gough Elegant Italianate Victorian on an extra wide lot with high ceilings, hardwood floors, lovely details & moldings & 3 fireplaces. Grand scale living room has a gas fireplace & adjacent office & opens to the formal dining room. The sunny, remodeled chef’s kitchen w/ breakfast area has honed granite counter tops, 6 burner gas range w/grill & stainless steel appliances. The adjacent family room has a bar & pantry & full bath. Huge French doors lead to a sheltered deck with gas fireplace & a protected garden/play area. Curved staircase with original wainscoating leads to upper level which has 4 bedrooms each with its own remodeled bath. There is a washer&dryer on this level as well as another one in the 2 car garage & a 3rd space in the driveway. Listed for $3,695,000 PENDING 1 Burnette Ave. N. #1 Positioned high atop the city in Twin Peaks, this contemporary condo boasts one-of-a-kind panoramic views spanning from the Golden Gate Bridge to Golden Gate Park across the city to the downtown skyline and the Bay Bridge. Leave the hustle and bustle at your doorstep and enter into this serene and secluded urban oasis. Situated off the street and down a private driveway, this very unique and partially detached full floor condo has a truly livable floor plan, polished finishes and glorious light. Enjoy these magnificent views from the spacious master bedroom suite, the living room, the open dining room and kitchen as well as the 2 view decks off the master and the living room. The rear of the home consists of an additional full bathroom and another bedroom. Welcome home to this tranquil retreat in the city just moments to the 280 freeway, urban hike trails and the hip shops and restaurants in Cole Valley, the Castro and Noe Valley. Listed for $1,395,000 Buyer Represented PENDING 2920 Buchanan #7 Location, Location, Location Plus Big Bay Views! Beautiful architect-designed top floor condo in the heart of Cow Hollow. Open floor plan with gourmet kitchen and balcony overlooking Union Street, the Marina and the Bay. Large living area with gas fireplace. The Bedroom overlooks the balcony and includes custom closets. Premium design materials throughout. Building has 9-units and is well maintained with a new roof roof deck, common laundry, deeded storage units and deeded parking. Truly A+ location. This is a special one! Listed for $1,049,000 ========================================================= See you next month! Janis Stone DRE# 00517072 (866) 224-8024 Bethany Patten DRE# 01361512 (415) 235-9077 Compass DRE# 01866771

“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

 

February 2020 Report – San Francisco Real Estate Market Update for January 2020

Posted on: February 5, 2020

The number of homes in the Overall Sales category sold in January decreased significantly from the previous month but was more than a year ago in the San Francisco Real Estate Market.

The average sale price versus list price is more than the previous month as well as a year ago indicating prices are still creeping up. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close. Days on the market were more than 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. Though the numbers are not quite as good as history shows, the average increase was still more than 8% over the asking price. The number of homes decreased from last month but were about the same as a year ago indicates that sales for the month were most affected by the time of year. We typically have a slow down around the end of the year and then start to pick up in the spring. We shall see. The most interesting fact about this month’s numbers was that the average sales price in three categories we track were less than the asking price (less than 100%). This could indicate a market slow down, however, we will see what happens starting in March.  All in all, the San Francisco market seems to be slowing down. It either indicates we are in for a more normal market or… buyers are becoming more realistic about what the properties are worth. Stay tuned!

So 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 or Bethany Patten at 415-235-9077 TODAY!

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

January 2020 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	21	$4,848,381	$4,722,238	98.00%	42
Single Family Under $2M	68	$1,225,304	$1,326,594	108.27%	37
Condominium	106	$1,322,290	$1,318,919	99.75%	62
Loft Condo	10	$1,146,950	$1,155,850	100.78%	44
Co-op	4	$2,669,750	$2,634,875	98.69%	136
TIC	19	$1,110,632	$1,132,158	101.94%	19
ALL *	272	$1,825,082	$1,826,046	100.05%	57

December 2019 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	45	$3,664,449	$3,751,815	102.38%	35
Single Family Under $2M	126	$1,212,741	$1,311,187	108.12%	29
Condominium	161	$1,245,010	$1,288,026	103.46%	46
Loft Condo	10	$1,061,200	$1,058,320	99.73%	32
Co-op	3	$1,347,667	$1,381,667	102.52%	45
TIC	23	$1,335,000	$1,363,870	102.16%	51
ALL *	418	$1,640,472	$1,696,206	103.40%	42

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

* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4 Units, and 5+ Units. (If you add all categories, 5+ units accounts for the extra numbers.)** 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.

January 2020 Report – San Francisco Real Estate Market Update for December 2019

Posted on: January 8, 2020

The number of homes in the Overall Sales category sold in DECEMBER decreased from the previous month but was more than a year ago in the San Francisco Real Estate Market. The average sale price versus list price is about the same as the previous 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. Days on the market were more than the previous month but about the same as a year ago.

What do these current numbers all mean? Single family homes UNDER $2M (on average) continue to be the best performer. Though the numbers are not quite as good as history shows, the average increase was still more than 8% over the asking price. In fact in all the categories we track the average sales price was over 100% of sales price with the exception of lofts. All in all, the San Francisco market seems to have slowed down for the holidays. But all indications show that we are in for a robust spring market. Stay tuned!

So 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 or Bethany Patten at 415-235-9077 TODAY!

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

December 2019 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	45	$3,664,449	$3,751,815	102.38%	35
Single Family Under $2M	126	$1,212,741	$1,311,187	108.12%	29
Condominium	161	$1,245,010	$1,288,026	103.46%	46
Loft Condo	10	$1,061,200	$1,058,320	99.73%	32
Co-op	3	$1,347,667	$1,381,667	102.52%	45
TIC	23	$1,335,000	$1,363,870	102.16%	51
ALL *	418	$1,640,472	$1,696,206	103.40%	42

November 2019 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	54	$3,383,750	$3,490,897	103.17%	26
Single Family Under $2M	142	$1,271,804	$1,430,893	112.51%	23
Condominium	221	$1,273,757	$1,330,814	104.48%	33
Loft Condo	11	$1,184,727	$1,246,877	105.25%	27
Co-op	5	$1,866,000	$1,853,500	99.33%	49
TIC	25	$1,232,400	$1,292,560	104.88%	35
ALL *	493	$1,603,959	$1,691,512	105.46%	31

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

* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4 Units, and 5+ Units. (If you add all categories, 5+ units accounts for the extra numbers.)** 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 2019 Report – San Francisco Real Estate Market Update for November 2019

Posted on: December 9, 2019

The number of homes in the Overall Sales category sold in NOVEMBER decreased slightly from the previous month as well as a year ago in the San Francisco Real Estate Market. The average sale prices versus list price is less than the previous month but a little more than 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 inched up slightly from the previous month but were a little less than a year ago.

What do these current numbers all mean? Single family homes UNDER $2M (on average) continue to be the best performer. Though the numbers are not quite so drastic, the average increase was still more than 12% over the asking price, less than the previous month but slightly more than a year ago. In fact in all the categories we track the average sales price was over 100% of sales price with the exception of co-ops which tend to always do their own thing. All in all, the San Francisco market seems to be slowing down for the holidays. WHAT WE NEED IS INVENTORY!

So 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 or Bethany Patten at 415-235-9077 TODAY!

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

November 2019 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	54	$3,383,750	$3,490,897	103.17%	26
Single Family Under $2M	142	$1,271,804	$1,430,893	112.51%	23
Condominium	221	$1,273,757	$1,330,814	104.48%	33
Loft Condo	11	$1,184,727	$1,246,877	105.25%	27
Co-op	5	$1,866,000	$1,853,500	99.33%	49
TIC	25	$1,232,400	$1,292,560	104.88%	35
ALL *	493	$1,603,959	$1,691,512	105.46%	31

October 2019 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	90	$2,693,033	$2,912,371	108.14%	19
Single Family Under $2M	159	$1,183,302	$1,355,385	114.54%	23
Condominium	216	$1,408,617	$1,485,569	105.46%	26
Loft Condo	18	$1,111,767	$1,146,767	103.15%	36
Co-op	6	$1,790,833	$1,816,333	101.42%	60
TIC	17	$1,155,583	$1,182,671	102.32%	42
ALL *	557	$1,677,802	$1,798,123	107.17%	28

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

* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4 Units, and 5+ Units. (If you add all categories, 5+ units accounts for the extra numbers.)** 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 2019 Report – San Francisco Real Estate Market Update for October 2019

Posted on: November 21, 2019

The number of homes in the Overall Sales category sold in OCTOBER increased significantly from the previous month but was less than a year ago in the San Francisco Real Estate Market. The average sale prices versus list price is less than the previous month but about the same 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 decreased slightly from the previous month but were about the same as a year ago.

What do these current numbers all mean? Single family homes UNDER $2M (on average) continue to be the best performer. The average increase was more than 14% over the asking price, more than the previous month but slightly less than a year ago. In fact in all the categories we track the average sales price was over 100% of sales price including co-ops which tend to always do their own thing. All in all, the San Francisco market continues to be pretty good, but WHAT WE NEED IS INVENTORY! The numbers are off only because there is very little to sell.

So 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 or Bethany Patten at 415-235-9077 TODAY!

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

October 2019 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	90	$2,693,033	$2,912,371	108.14%	19
Single Family Under $2M	159	$1,183,302	$1,355,385	114.54%	23
Condominium	216	$1,408,617	$1,485,569	105.46%	26
Loft Condo	18	$1,111,767	$1,146,767	103.15%	36
Co-op	6	$1,790,833	$1,816,333	101.42%	60
TIC	17	$1,155,583	$1,182,671	102.32%	42
ALL *	557	$1,677,802	$1,798,123	107.17%	28

September 2019 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	38	$3,495,762	$3,714,976	106.27%	33
Single Family Under $2M	84	$1,205,345	$1,357,295	112.61%	26
Condominium	157	$1,416,787	$1,472,054	103.90%	33
Loft Condo	7	$1,084,929	$1,158,643	106.79%	29
Co-op	4	$1,298,500	$1,345,000	103.58%	95
TIC	17	$1,342,882	$1,413,765	105.28%	42
ALL *	354	$1,770,391	$1,862,813	105.22%	34

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

* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4 Units, and 5+ Units. (If you add all categories, 5+ units accounts for the extra numbers.)** 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.

October 2019 Report – San Francisco Real Estate Market Update for September 2019

Posted on: October 7, 2019

The number of homes in the Overall Sales category sold in SEPTEMBER decreased again from the previous month as well as a year ago in the San Francisco Real Estate Market. However, the average sale prices versus list price is higher from the previous 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 slightly from the previous month as well as a year ago.

What do these current numbers all mean? STOP US IF YOU’VE HEARD IT! Single family homes UNDER $2M (on average) continue to be the best performer. The average increase was more than 12% over the asking price, less than the previous month as well as a year ago. In fact in all the categories we track the average sales price was over 100% of sales price including co-ops which tend to always do their own thing. All in all, the San Francisco market continues to be pretty good, but WHAT WE NEED IS INVENTORY! The numbers are off only because there is very little to sell.

So 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 or Bethany Patten at 415-235-9077 TODAY!

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

September 2019 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	38	$3,495,762	$3,714,976	106.27%	33
Single Family Under $2M	84	$1,205,345	$1,357,295	112.61%	26
Condominium	157	$1,416,787	$1,472,054	103.90%	33
Loft Condo	7	$1,084,929	$1,158,643	106.79%	29
Co-op	4	$1,298,500	$1,345,000	103.58%	95
TIC	17	$1,342,882	$1,413,765	105.28%	42
ALL *	354	$1,770,391	$1,862,813	105.22%	34

August 2019 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	50	$2,648,158	$2,823,795	106.63%	27
Single Family Under $2M	110	$1,192,677	$1,385,686	116.18%	25
Condominium	163	$1,370,038	$1,440,066	105.11%	32
Loft Condo	7	$801,573	$842,716	105.13%	41
Co-op	3	$1,278,000	$1,257,000	98.36%	59
TIC	13	$1,193,482	$1,253,577	105.04%	30
ALL *	393	$1,596,713	$1,708,001	106.97%	31

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

* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4 Units, and 5+ Units. (If you add all categories, 5+ units accounts for the extra numbers.)

** 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 2019 Report – San Francisco Real Estate Market Update for August 2019

Posted on: September 4, 2019

The number of homes in the Overall Sales category sold in AUGUST decreased dramatically from last month as well as a year ago in the San Francisco Real Estate Market. The average sale prices versus list price was lower than last month but higher than 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 remained the same from the previous month but slightly higher than a year ago.

What do these current numbers all mean? Single family homes UNDER $2M (on average) continue to be the best performer. The average increase was more than 16% over the asking price, slightly less than the previous month but slightly more than a year ago. In fact in all the categories we track the average sales price was over 100% of sales price with the exception of co-ops which tend to always do their own thing. All in all, the San Francisco market continues to be pretty good, but WHAT WE NEED IS INVENTORY! The numbers are off only because there is very little to sell .

So 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 or Bethany Patten at 415-235-9077 TODAY!

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

August 2019 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	50	$2,648,158	$2,823,795	106.63%	27
Single Family Under $2M	110	$1,192,677	$1,385,686	116.18%	25
Condominium	163	$1,370,038	$1,440,066	105.11%	32
Loft Condo	7	$801,573	$842,716	105.13%	41
Co-op	3	$1,278,000	$1,257,000	98.36%	59
TIC	13	$1,193,482	$1,253,577	105.04%	30
ALL *	393	$1,596,713	$1,708,001	106.97%	31

July 2019 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	62	$3,117,904	$3,356,337	107.65%	25
Single Family Under $2M	141	$1,178,194	$1,374,543	116.66%	22
Condominium	197	$1,255,698	$1,341,074	106.84%	31
Loft Condo	14	$1,098,500	$1,173,214	106.80%	17
Co-op	4	$1,749,750	$1,770,000	101.16%	59
TIC	17	$1,078,588	$1,165,824	108.09%	48
ALL *	505	$1,712,511	$1,840,075	107.45%	31

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

* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4 Units, and 5+ Units. (If you add all categories, 5+ units accounts for the extra numbers.)

** 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 2019 Report – San Francisco Real Estate Market Update for July 2019

Posted on: August 2, 2019

The number of homes in the Overall Sales category sold in JULY increased slightly from last month as well as a year ago in the San Francisco Real Estate Market. The average sale prices versus list price was slightly power than last month but significantly higher than 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 slightly 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. The average increase was again almost 17% over the asking price, more than the previous month but less than a year ago (at slightly over 17%) . In fact in all the categories we track the average sales price was over 100% of sales price. All in all, the San Francisco market continues to hum along! It’s looking like we are in store for a great fall market.

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 or Bethany Patten at 415-235-9077 TODAY!

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

July 2019 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	62	$3,117,904	$3,356,337	107.65%	25
Single Family Under $2M	141	$1,178,194	$1,374,543	116.66%	22
Condominium	197	$1,255,698	$1,341,074	106.84%	31
Loft Condo	14	$1,098,500	$1,173,214	106.80%	17
Co-op	4	$1,749,750	$1,770,000	101.16%	59
TIC	17	$1,078,588	$1,165,824	108.09%	48
ALL *	505	$1,712,511	$1,840,075	107.45%	31

June 2019 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	70	$3,197,457	$3,421,708	107.01%	21
Single Family Under $2M	111	$1,183,512	$1,384,395	116.97%	22
Condominium	217	$1,371,618	$1,455,571	106.12%	28
Loft Condo	15	$1,120,800	$1,201,600	107.21%	24
Co-op	4	$2,420,750	$2,411,250	99.61%	67
TIC	20	$1,291,075	$1,334,400	103.36%	59
ALL *	495	$1,740,033	$1,865,687	107.22%	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

* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4 Units, and 5+ Units. (If you add all categories, 5+ units accounts for the extra numbers.)

** 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 2019 Report – San Francisco Real Estate Market Update for June 2019

Posted on: July 14, 2019

The number of homes in the Overall Sales category sold in JUNE decreased significantly from last month as well as a year ago in the San Francisco Real Estate Market. The average sale prices versus list price was slightly higher than last month but significantly higher than 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 was about the same as the previous month but slightly more than a year ago.

What do these current numbers all mean? Single family homes UNDER $2M (on average) continue to be the best performer. The average increase was almost 17% over the asking price, more than the previous month but less than a year ago (at over 21%) . In fact in all the categories we track the average sales price was over 100% of sales price except Co-ops. All in all, the San Francisco market continues to hum along! It’s looking like we are in store for a great summer market.

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 or Bethany Patten at 415-235-9077 TODAY!

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

June 2019 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	70	$3,197,457	$3,421,708	107.01%	21
Single Family Under $2M	111	$1,183,512	$1,384,395	116.97%	22
Condominium	217	$1,371,618	$1,455,571	106.12%	28
Loft Condo	15	$1,120,800	$1,201,600	107.21%	24
Co-op	4	$2,420,750	$2,411,250	99.61%	67
TIC	20	$1,291,075	$1,334,400	103.36%	59
ALL *	495	$1,740,033	$1,865,687	107.22%	29

May 2019 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	55	$3,242,599	$3,428,542	105.73%	22
Single Family Under $2M	140	$1,218,726	$1,386,485	113.77%	23
Condominium	260	$1,233,371	$1,327,703	107.65%	28
Loft Condo	19	$1,077,667	$1,106,709	102.69%	32
Co-op	12	$2,078,149	$2,081,167	100.15%	33
TIC	28	$1,303,393	$1,379,067	105.81%	41
ALL *	610	$1,721,938	$1,827,213	106.11%	30

June 2018 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	75	$2,763,157	$3,082,320	111.55%	20
Single Family Under $2M	149	$1,126,108	$1,363,752	121.10%	17
Condominium	225	$1,261,034	$1,346,119	106.75%	28
Loft Condo	17	$1,078,694	$1,141,106	105.79%	20
Co-op	8	$2,664,875	$2,642,250	99.15%	43
TIC	23	$1,014,087	$1,126,848	111.12%	20
ALL *	551	$1,575,143	$1,738,301	110.36%	25

* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4 Units, and 5+ Units. (If you add all categories, 5+ units accounts for the extra numbers.)

** 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.

5 Reasonable Repairs to Request Before You Buy a House

Posted on: June 19, 2019

By: Paige A. Mitchell

You’ve found your dream home and are looking to get the necessary repairs done before you can move further. These repairs will test your negotiating skills; we suggest focusing on those that will directly affect you instead of asking for all small and large fixes. Here are five reasonable repairs to request before buying a house.

 

• Galvanized Pipes

 

Common in the 1960s, galvanized pipes have a zinc coating to protect them from corrosion and rust. The zinc used in these pipes was most likely impure, so it may contain other compounds, including harmful ones like lead. Also, while the zinc protects the pipe from the outside, the water flowing through them damages them from the inside, possibly causing water pressure issues. The lifespan of a galvanized steel pipe is typically 20 to 50 years, according to house logic.

 

• Sewer Pipes

 

Sewer pipe replacements can be expensive, but they may also be necessary. An expert will be able to determine if the problem is localized or extensive. If the damage is extensive, then the whole pipe may need to be replaced. Of course, the type of pipe will also be important in determining its life span. For instance, the wood fiber-based Orenburg pipe lasts for about 50 years. These pipes are more common in the houses built in the 1950s.

 

• Wiring

 

Problems with the electrical distribution system are the third leading cause of structure fires in US homes, according to ESFi. Some houses built in the 60s may have aluminum wiring instead of copper. Aluminum wiring is problematic because it can lead to overheating and fires. The inspection should make it clear whether the whole installation needs to go, or some minor replacements will do the job.

 

• Roofing

 

It’s perfectly reasonable to ask for repairs if the roofing inspection reveals any extensively damaged parts. If the seller doesn’t have a roofing certificate, request an inspection and certification. The roofer won’t provide a certificate for a roof that still needs work. Again, don’t mind a few broken or missing shingles. Do discuss damaged skylights, chimneys, and vents.

 

• Heating and Cooling

 

Determine the age and condition of the heating and cooling systems as well. Some of the costlier repairs include heat exchangers ($500 to $1,200), smart valve ($750), condenser coil ($1,900 to $2,900) and compressor ($1,900) (prices by HVAC.com). If the HVAC system needs replacements or repairs, then remind the seller of these issues as well.

Repair Options

Some sellers will offer repair credit for major repairs. And, any credit left over after the repair goes back to the provider. If the seller isn’t willing to make repairs in advance, ask them to include a home warranty with the home.

You can ask for repairs for any problems with the house that will stop you from using it normally. Of course, there may also be some smaller issues that need attention. But, you have to give and take in these matters; ignore the minor ones, and focus on the major ones.