Market Conditions

The San Francisco Real Estate Market: December 2010 Update

Despite mostly negative reports from other parts of the country, the San Francisco home market has performed relatively well since the autumn market began after Labor Day. Indeed, the number of listings accepting offers in November was well above last year’s and the median home price is at its highest since the April tax-credit crush. […]

Read More

Current REO (Bank-Owned) and Short Sales in SF

Current Active REO listings for all districts except 3 & 10 (there are another 41 REO listings in 3 & 10). Besides the REOs listed below, there are 118 known Active short sale listings in the 8 districts. (Click to enlarge)

Read More

Giant Demand in “Giants’” Town

Buyer demand has been strong since the autumn sales season began in mid-September. Overall median home prices continue to remain stable – as they have for the past 12-16 months – jogging up and down within a narrow band of value. Inventory is about 12% higher than 1 year ago, but Months’ Supply of Inventory […]

Read More

Autumn in San Francisco: Market Update

October 2010 Market Update After a relatively slow summer, the number of new listings and accepted offers in San Francisco soared after Labor Day. Median prices remain stable; mortgage rates hit yet another low; and the Blue Angels returned. As usual, …

Read More

John Paulson: Sell Bonds; Buy Stocks; Double Digit Inflation Coming

Robert Lenzner Forbes Magazine It could be time to sell your low-yielding bonds and replace them with higher-yielding common stocks. Multibillionaire hedge fund operator John Paulson, the investment genius who made a killing going short subprime mortgages a few years ago, told a standing room only crowd at New York’s University Club that double-digit inflation […]

Read More

Deal are being made! New ratifications are up!

Once all the ratifications were entered into MLS, it turns out that the week ending September 19th was the 2nd most active in number of accepted offers in the last 6 months: 141 deals. (The only week with more ratifications was the last week of April during the tax credit crush.) We won’t have final […]

Read More

Weekly Market Charts

Since there is a lot of uncertainty about what is going on in the market, here are updated Weekly charts through September 19th. Listings Accepting Offers by Week: Recovering — Increased Dramatically in 3rd Week of September from very slow Start  New Listings Coming on Market: Big September Surge  Listings for Sale: Highest […]

Read More

WSJ: 10 Reasons to buy a Home

Enough with the doom and gloom about homeownership. Brett Arends explains why owning a home is a good thing. Enough with the doom and gloom about homeownership. Sure, maybe there’s more pain to come in the housing market. But when Time magazine starts running covers that declare “Owning a home may no longer make economic […]

Read More

Market Charts:

“…the first full week unaffected by Labor Day – will be very interesting to see.” Here are weekly market activity charts through September 12th for houses, condos, TICs and 2-4 unit buildings. The charts go back 6 months. Listings Accepting Offers: even taking into account that the Labor Day holiday impacted both of the first […]

Read More

Quick Market Update

Here are some quick updates regarding the sales of houses, condos, co-ops, TICs & 2-4 unit buildings. (Click on a chart to enlarge) Closed Sales: Closings in August were down 9% compared with August 2009, which is a bit odd since June & July’s number of accepted offers were relatively unchanged – down 1.6% — […]

Read More