MARKET INSIGHTS

June 2017 Market Trends

07/17/2017

There has been a general slowdown in sales across the country, and this cannot be blamed on negative economic news. Unemployment remains low and wage growth, though nothing to overly celebrate, has...

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May 2017 Market Trends

06/15/2017

Home prices across the U.S. are reaching all-time highs, prompting worry over another boom-and-bust scenario like we experienced roughly ten years ago. Yet, as we glance across the state of...

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April 2017 Market Trends

05/15/2017

When the economy is in good working order, as it is now, it creates opportunities in residential real estate, and right now is a potentially lucrative time to sell a...

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March 2017 Market Trends

04/20/2017

We can comfortably consider the first quarter to have been a good start for residential real estate in 2017. There was certainly plenty to worry over when the year began....

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February 2017 Market Trends

03/20/2017

The start of the year ushered in a wave of good news about a hot stock market, higher wages and an active home sales environment. At the same time, housing prices have...

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January 2017 Market Trends

02/19/2017

January brings out a rejuvenated crop of buyers with a renewed enthusiasm in a new calendar year. Sales totals may still inevitably start slow in the first half of the...

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2016 Year End Market Trends

01/19/2017

With a new U.S. president from a different political party taking office in 2017, few are expecting federal policies to remain as they have under prior leadership. The incoming president...

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November 2016 Market Trends

12/23/2016

As we enter the final days of 2016, the story has remained consistent as concerns residential real estate. In year over-year comparisons, the number of homes for sale has been...

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October 2016 Market Trends

11/19/2016

As we enter the final quarter of 2016, not much has changed since the year began. Market predictions have been, in a word, predictable. A relatively comfortable pace of activity...

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September 2016 Market Trends

10/18/2016

New Listings were down 1.5 percent for single family homes and 11.6 percent for Condo/TIC/Coop properties. Pending Sales decreased 9.0 percent for single family homes and 2.3 percent for Condo/TIC/Coop...

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August 2016 Market Trends

09/14/2016

Fall begins with an increase in inventory, which is welcome news to many buyers. 150 single family homes were listed in the first 14 days of September, versus...

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July 2016 Market Trends

08/16/2016

Even as prices rise in many communities, homes are selling faster now than they have in the past several years. This creates a situation where buyers need to move fast...

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June 2016 Market Trends

07/18/2016

June generally means foggy weather in San Francisco, but that could apply to some murky June real estate statistics as well. Unlike the suburbs, which see increased activity...

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May 2016 Market Trends

06/23/2016

We are in the thick of an exciting period of home buying and selling, often with quick multiple offers above asking price, depending on the factors of the home and...

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April 2016 Market Trends

05/16/2016

The inventory of active listings has risen for the second straight month for single family homes, and the eighth straight month for condos. So while NEW listings are down...

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March 2016 Market Trends

04/22/2016

Employment figures are positive, wages are going up and employers are hiring. Consumers are holding for the right deal, even in the face of extremely low mortgage rates. As...

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February 2016 Market Trends

03/21/2016

The primary story, both nationally and in local submarkets, is a dwindling months' supply of inventory. The cure, of course, is more inventory. But new construction has been lagging during...

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January 2016 Market Trends

02/15/2016

The natural ending point in December gives way every year to the optimism of January. This is particularly pronounced when the economy is strong and economists across the land are...

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December 2015 Market Trends

01/15/2016

In 2015, national residential real estate, by and large, had a good year. Supply and demand were healthy in an environment rife with low interest rates and improved employment. The...

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November 2015 Market Trends

12/21/2015

Residential real estate is experiencing its best year since the recession. Housing demand is healthy, and that is expected to continue until the end of the year. Home sales...

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October 2015 Market Trends

11/30/2015

Interest rates are an area to pay attention to as rate hikes are widely expected before the year ends. The Federal Reserve Bank has skipped two opportunities to raise rates...

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September 2015 Market Trends

10/19/2015

The end of September brought a close to the first full month of our active autumn selling season. There was a change in the fall air, more than just...

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August 2015 Market Trends

09/23/2015

September is here and with it comes the beginning of the fall selling season in San Francisco. It seems a lot of properties were being readied this summer, as 701...

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July 2015 Market Trends

08/31/2015

Buyers, sellers and realtors are looking ahead to the post-Labor Day market, hoping for an inventory increase to assuage continuing demand. New Listings were down 17.7 percent for single family homes...

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June 2015 Market Trends

07/17/2015

New Listings were down 19.1 percent for single family homes and 26.2 percent for Condo/TIC/Coop properties. Pending Sales increased 10.5 percent for single family homes but decreased 9.1 percent for...

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May 2015 Market Trends

06/19/2015

The U.S. economy has been pretty even so far this year, but recently, some numbers for the first quarter were adjusted to show a slight contraction. The initial response from...

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April 2015 Market Trends

04/15/2015

The Bay Area weather feels like January, but the calendar says May! A proliferation of new April listings was expected in most markets across the U.S., as Spring is...

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March 2015 Market Trends

03/15/2015

Despite beautiful weather and signs of spring, inventory in San Francisco remained tight in March with listings down 20 percent for single family homes and 25 percent for Condos, TICs,...

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February 2015 Market Trends

03/13/2015

Despite beautiful weather and signs of spring, inventory in San Francisco remained tight in February with new listings down 2.6 percent for single family homes and 21 percent for Condo/TIC/Coop...

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December 2014 Market Trends

12/16/2014

Just when we thought the real estate market could not get any tighter, the end of the year numbers confirm what we have been feeling. San Francisco ended the year...

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November 2014 Market Trends

11/27/2014

With 2015 near, there is much discussion about a potential change in interest rates. With virtually no inflation, rates will likely remain low for most of 2015 but could flirt...

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September 2014 Market Trends

09/10/2014

The macro trend is still positive; the micro trend involves more moderate pinching along the month-to-month timeline. This is not uncommon in a balanced market, but it's been so long...

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August 2014 Market Trends

08/19/2014

Although low supply and tight credit standards are still hurdles to recovery, prices continue to rise in most local areas. Job growth has strengthened lately, but wage growth has not...

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July 2014 Market Trends

07/14/2014

Housing seemed to have a slow start to the spring selling season, but appearances deceive. Dig into that spring soil and you begin to unearth differences in individual areas and...

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June 2014 Market Trends

06/17/2014

The San Francisco housing market continues to be active even as we enter the traditionally "slower" summer months. The American Dream of homeownership is alive and well, but here in...

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May 2014 Market Trends

05/06/2014

It's mid-May and it feels like summer is already here! Since our spring market did not produce as much inventory as we would like, we can only hope that...

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April 2014 Market Trends

04/30/2014

Low inventory has been the headline grabber across the nation, but it's especially evident here in San Francisco where properties continue to be snapped up at a furious pace. With...

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March 2014 Market Trends

03/18/2014

As recent national news articles attest, San Francisco is attractive as ever to owner-occupant buyers, and interest rates remain historically low. So while new listings were down 17.1 percent for...

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February 2014 Market Trends

02/17/2014

The same factors that catalyzed widespread market recovery in 2012 and 2013 are likely to continue in 2014, though perhaps at a more moderate pace. That's not a bad thing,...

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January 2014 - 2013 Was A Very Good Year!

01/22/2014

In its entirety, 2013 proved to be a good year for housing. Home sales and prices were broadly higher across the nation, while foreclosure loads, the number of homes for...

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November 2013 - Seasonal low inventory, but strong price gains

12/31/2013

As we are deep in the midst of the holiday season, numbers have moderated. Due to fewer buyer showings that happen this time of year, new listings were down 13.3%...

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October 2013 - The numbers tell the story: this year has been fantastic for residential real estate!

11/18/2013

Price and number of sales have increased in all 10 real estate districts. City-wide, the median sales price was up 11.1% to $921,945 for single family homes and 13.8% to...

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September 2013 Market Update

09/22/2013

Housing demand remained strong in August throughout San Francisco's 10 districts. Despite rising mortgage rates, single family homes, condos, TICs and cooperatives throughout the City were snatched up in an...

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August 2013 - July Housing Inventory as Scarce as the Morning Sun in SF!

08/23/2013

The usual “June Gloom” persisted into July in San Francisco as the fog seemed to camp out every morning. In the residential housing market, buyers looked for a ray of...

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July 2013 - Summer inventory drought continues

07/16/2013

Interest rates and new construction activity have been in the spotlight lately, fueled by concerns over tapering Federal Reserve activity and ongoing inventory constraints. Watch for continuing indications that more...

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June 2013 - Summer Slowdown? Not Yet!

06/19/2013

We're halfway through the year and it seems our collective attention has shifted from monitoring price and sales gains to eagerly anticipating more new listing activity on the part of...

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May 2013 - A Million Dollars Doesn't Go as Far as It Used to in San Francisco

05/21/2013

April, the kick-off month of peak spring homebuying, found the median price for single-family homes in San Francisco reaching the $1 million mark.

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April 2013 - Spring has Sprung Alongside Housing Prices

04/15/2013

March often signals the start of spring and has historically brought an influx of property listings onto the market as seasonal home buying gets underway. In San Francisco, despite more...

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March 2013 - Love and (Bidding) Wars in the San Francisco Home Market

03/15/2013

February, a month often spent reflecting on love, brought with it continued affection for home sellers in the San Francisco residential market. Buyers, however, were not as enchanted.

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February 2013 - San Francisco Homes Continue to Sell Fast and High as Inventory Drops

02/15/2013

January 2013 brought the same type of market behavior that San Francisco has been experiencing for some time now. With the already low inventory of homes for sale being consumed...

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January 2013 - San Francisco Housing Market Maintains Positive Outlook for New Year

01/15/2013

Much like the rest of 2012, December produced improved buyer demand, steadily rising home prices (the median now at $850,000, up by 39.3 percent) and pockets of robust activity throughout...

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December 2012 - San Francisco Housing Market Remains Upbeat Throughout Holiday Season

12/15/2012

Even though the city’s housing market has had to deal with month-after-month of low housing stock in 2012, it has not stopped a wave of motivated buyers from making San...

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November 2012 - Increases in Home Sales Prices Continue

11/15/2012

While the fall season typically signals a slowing down for most real estate markets, San Francisco’s housing market has continued to remain active and in some areas, vibrant. The median...

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October 2012 - Property Inventory Remains Low

10/15/2012

As the San Francisco economy continues to draw from the proverbial “well” of the technology sector, the median price for a single-family home in the City remains on an upward...

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"People who say it cannot be done should not interrupt those who are doing it"

01/01/2011

What an inspiring quote from Carroll Estes when she accepted the 2014 UCSF medal the other evening. http://ow.ly/vMKIT

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    Anne Herrera
    Sotheby's International Realty
    117 Greenwich Street
    San Francisco, CA 94111

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