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Blog Archives: May 2018

Napa Valley Real Estate Report May 2018

May 14, 2018
In Napa, April saw prices continue to rise for both homes and condos and inventory continue to decline. And although there has been a lot of news around the Federal Reserve raising interest rates, mortgage rates are up only 0.5% since December, at approximately 4.5%. So far, these slightly higher rates do not appear to have had a noticeable impact on the market, with many buyers still purchasing. Single Family Homes: The three-month rolling average median sales price of $715,000 is up 6.1% over last year’s. Year-to-date, new listings ...

Southern/Central Marin County Real Estate Report May 2018

May 14, 2018
There has been a lot of news around the Federal Reserve raising interest rates butmortgage rates are up only 0.5% since December, currently at approximately 4.5%.So far, higher rates do not appear to have had a big impact on the market with manybuyers still looking for both homes and condos. Single Family Homes: The three-month rolling average median sales price of $1,466,667 is down 0.6% over last year’s. Year-to-date, new listings are down 4.5% while sales are up 1.2%. April’s inventory of 1.7 months is 5.8% lower than in 2017. ...

San Francisco Real Estate Market Update: May 2018

May 14, 2018
April’s single family homes market in San Francisco was more of the same so far in 2018: fewer new listings and sales, and rising interest rates and sold prices. The rolling three-month median sold price for homes was up 25% over the same period last year. Condo/loft/TIC prices are also up, by 4.8%, outpacing the 3.6% Consumer Price Index rise for San Francisco. Interest rates currently stand at approximately 4.5%, a 0.5% increase since December. So far, higher rates do not appear to have had a big impact on the market. Single Family ...