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Greetings, All! As I mentioned last month, here comes my FAVORITE TIME OF YEAR! The weather for this SF native is perfect throughout the Bay Area: sunny skies with a delectable chill in the air, a great time to show off your Fall/Winter layers and imbibe any number of peppermint-flavored concoctions. The mood of friends and strangers alike is generally more jovial than usual, as we replace the stress of daily living with the stress of holiday festivities, eating too much and travel - I'll take it! As usual, the year has passed all too quickly, and we hope when you take a moment to reflect back, that there is a surplus of good memories over not-so-good ones. I know...time to cut it short and let you scroll down to exciting and important real estate news, stats and commentary. I'll finish by saying that Natalie and I are very eager for the year ahead, and can't wait to share more good news with you in the near future. Till then, we raise our grande Peppermint Mochas and wish you a warm and joyful start to your holiday season. We couldn't be more grateful to know you.Derek & Natalie |
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Market Reports |
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by Patrick Carlisle, Market Analyst for Compass Bay Area Autumn markets in counties around the Bay Area have seen significant shifts, with wide variance in the magnitude of these changes between counties. So far, San Francisco itself has seen less dramatic changes than other local markets such as Santa Clara and Sonoma Counties. Homes that sell have generally continued to sell quickly, at prices often well over asking. Median sales prices are considerably higher on a year-over-year basis. However, listing inventory has climbed, sales volume has dropped, and the numbers of price reductions and expired listings have increased. Luxury house sales hit a new all-time high in San Francisco. Luxury condos hit a new sales peak for the month of October, but the number of listings hit a new all-time high. Market statistics are generating contradictory readings amid a background of financial market and political volatility, and rising interest rates. Some standard statistics take time to reflect changes on the ground, and will bear watching in coming months. Click the above image or here for to viewthe entire report. Tell us what you think! We'd love to hear from you. |
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Team News |
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New Listings | Just Sold | Announcements |
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Did You Know? |
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DID YOU KNOW?While the U.S. inflation rate was 2.1% for the first half of 2018, the cost of a one-room assisted living facility grew by 6.67% from 2017 to 2018. Related and other developers have announced plans to build high end assisted living facilities in major cities. DID YOU KNOW?Private-equity firms with real-estate debt funds have amassed record sums for construction loans, bridge loans and other types of risky debt, the latest sign that new money is piling up to lend for real estate. Real-estate debt funds now have $57 billion to invest, a new high. At the end of the second quarter of this year, there was a record $4.17 trillion in commercial real-estate debt held by all lenders, with 52.4% of that held by banks and thrifts. DID YOU KNOW?Year-over-year gains in home prices fell below 6%, according to the latest S&P CoreLogic Case-Shiller National Home Price NSA Index. The index rose 5.8% from August 2017 to August 2018, down from last month’s annual gain of 6%. Yet home-price gains remain WELL above wage gains.
"I don't expect a sharp turn in the housing market at this point." - Robert Shiller, Case-Shiller Index "There are only 3 times you should rent a home instead of buy: 1) If you plan to movein 3 yearsor less 2) If you're not sure about your job 3) You plan to have kids or will need more space." - David Bach, AE Wealth Management DID YOU NOW?Softbank's Vision Fund plans to announce that it has invested $1.1 billion into View Inc., a Silicon Valley-based maker of glass used in internet-connected window pane sallowscustomers to control the level of tinting in so-called smart windows. This “dynamic glass” can help lower cooling costs and remove the need for blinds or other accessories. Sales to airports, hospitalsandoffice buildings have taken off over the past couple years.....will it come toresidentialreal estate to lower monthly operating costs too? |
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The Skim |
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Your Real Estate News Digest |
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Connect With Us |
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Please let us know if you or a friend/colleague needs a fantastic agent in an area other than San Francisco. Through our network we can make the connections and introductions and help to find a perfect fit. |
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