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Blog Archives: June 2017

San Francisco Market Report 1st Half 2017

June 27, 2017
Michael Minson
The San Francisco Real Estate Market continues its rapid ascension upward, with a new median price record expected at $1.3M for Condo and Single Family Home sale prices. 37% more homes were sold in Q2 than in Q1, which is a smaller increase than the past two years.  In fact, Q217 saw the fewest number of homes traded for the past 4 Q2s. Inventory remains tight, which is pushing prices further and reducing the days on market from 22 last quarter to 18 in Q2. Overbids are increasing, with the average overbid being 14% in Q2, up from 9% ...

Marin Market Report - June

June 21, 2017
  The median sales price slipped back the tiniest bit in May from April’s an all-time high for single family homes in San Mateo County, ending up at $1,473,850. The incredibly tight supply coupled with strong demand pushed the prices up and the overbids as well. Single family homes sold at a median overbid of 108.1%, also down from April’s 108.6%, but higher than last May’s 106.1%. Condos/townhomes were also bid on more aggressively in May than in April, rising to a median overbid of 105.8% from April’s 103.9% but down from last ...

Peninsula Market Report

June 14, 2017
The median sales price slipped back the tiniest bit in May from April’s an all-time high for single family homes in San Mateo County, ending up at $1,473,850. The incredibly tight supply coupled with strong demand pushed the prices up and the overbids as well. Single family homes sold at a median overbid of 108.1%, also down from April’s 108.6%, but higher than last May’s 106.1%. Condos/townhomes were also bid on more aggressively in May than in April, rising to a median overbid of 105.8% from April’s 103.9% but down from last May’s 107%....