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Provided by:
Alexander Clark
Zephyr Real Estate
License# 01339386
2523 California
San Francisco, CA 94115
thefrontsteps.com
cell:415-254-5351
fax:415-277-3914
alexclark@gmail.com
Preferred
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bijayoga.com
1348 9th Ave.
@ Irving
San Francisco, CA
phone:415-661-YOGA
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The market knowledge I bring to you on sfnewsletter comes from representing buyers and sellers in San Francisco real estate transactions. I also know about many off market single family homes and condos throughout the city that are for sale, but not listed on MLS.
If you, or anyone you know, are considering purchasing or selling a home/condo/multi-unit in San Francisco, please do not hesitate to contact me.
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**NEW**
Complete access to MLS
This is the most access to MLS you'll get. You can search properties, get status updates on specific properties you might be tracking (price reductions, active to pending, pending to sold, etc.), view open houses, save searches, and more. This, along with the simple reports I provide, is your ticket to market wisdom, and ultimately finding or selling your home!
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On my iPod
Song: Every Mother's Dream
Artist: Long Beach Dub Allstars
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***Important Announcements***
I have a new baby coming soon, and that is PocketListings.net...Finally a place to post, search and sell "off-market" real estate. Check it out, bookmark it, tell your friends and colleagues, and follow us on Twitter (@pocketlistings). It's going to be awesome!
That means this will certainly be the last sfnewsletter of this year, and I'm taking some time off from regularly writing it in the foreseeable future. I will still be actively helping clients buy and sell homes in San Francisco, and I still know the market here better than most agents, so feel free to contact me if you need help. I will send an occasional sfnewsletter, so don't be surprised if you see me in your inbox from time to time.
If you are a broker manager of your office and you're looking for a newsletter distribution platform unlike any other, sfnewsletter could very well be sold. Contact me if you have interest.
Wow...that kinda gives me a heavy heart saying that, since I've been writing this for over seven years! Anyway, on with the show.
Market Update
Charts, Data, Trends
By all accounts my world of real estate has slowed over the holidays (no surprise), but I'm still busy helping clients buy property and was recently involved in a multiple offer situation in Palo Alto on a $3+million home (we're in contract). My phone is still ringing and my inbox is still full of buyer and seller inquiries, so I'd have to say things are slow, but looking up. So what do the "expert" data crunchers have to say?
Data Quick is reporting "Bay Area home sales and median price top last year again":
Last month’s sales were the highest for a November since 2006 but were still 14.6 percent lower than the November sales average of 8,050 since 1988, when DataQuick’s stats begin. November sales have ranged from a low of 5,127 in 2007 to a high of 11,906 in 2004. On average since 1988, sales have dropped 8.3 percent between October and November.
Sales in the region’s higher-cost counties – Marin, San Francisco, Santa Clara and San Mateo – represented 42.3 percent of November sales, up from 35.0 percent a year ago, when more sales were concentrated in the lower-cost inland areas steeped in foreclosures. Homes selling for more than $500,000 made up 36.5 percent of all transactions last month, up from 31.3 percent a year ago and a low this year of 22.7 percent in January.
Foreclosure resales – homes sold in November that had been foreclosed on in the prior 12 months – made up 32.5 percent of all resale activity. That was up from 31.3 percent in October but down from 46.8 percent in November 2008. Foreclosure resales peaked at 52 percent of resales in February this year.
The recent decline in foreclosure resales follows a generally downward trend this year in the number of homes being foreclosed on. It’s mainly because lenders and loan servicers have increasingly pursued short sales and loan modifications as an alternative to the costly foreclosure process. The declining inventory of lower-cost foreclosures has been key to stabilizing the housing market, along with the federal government’s efforts to boost housing demand through lower mortgage rates, tax incentives and plentiful, low-down-payment FHA financing.
January and February are going to be very interesting and pivotal. Barring any major economic tragedies, we could be headed for a good Spring buying/selling season.
Thoughts
That's all I have for you this week! I'm already thinking of making some turns up on the snow (if you're up Tahoe way, give me a shout), and today I already have one foot in the water for an ice cold surf session.
In case you missed it, we crowned a Sexiest Realtor, and Chopper read a Christmas story on theFrontSteps, so feel free to click through to there.
HAPPY HOLIDAYS!!!!! See you next year, and don't forget to check out PocketListings.net in the New Year.
Happy Aloha Friday!
The sfnewsletter team
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