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Blog Archives: September 2015

Median List Price for San Francisco This Week is $1,038,000

September 30, 2015
The median list price in SAN FRANCISCO, CA this week is $1,038,000. Price: The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend. Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit. Supply and Demand: The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a ...

A Great Problem to Have: How to Handle Multiple Offers for Your House or Condo

September 30, 2015
With the real estate game in a state of constant flux, getting an offer on your house or condo might seem encouraging enough. However, there’s always the possibility that your property might hit the market hot, and this could mean more than one offer on your home. While having multiple offers can be the best of all outcomes, there are a few ways to handle this situation and make the most of your home sale. Communication Is Key With Potential Buyers The occurrence of having multiple offers on your home may put you in the power position, but ...

Tuesday Brokers Tour, September 29, 2015

September 29, 2015
Tuesday tour (aka Broker’s Tour) is not just for brokers anymore – the public is invited and welcome to attend. In fact, it’s one of SF’s best kept real estate secrets. Many of the properties on the tour are open for the first time. For serious buyers, this is a great opportunity to get a sneak peak before the weekend crowds. Plus, many of the open houses are catered – BONUS! Click HERE for a full schedule I go out just about every week to scope out what’s hot and what’s not, and report back to my clients. For help with San Francisco real ...

Looking Ahead: How to Ensure That You Are Taking Full Advantage of Mortgage Tax Credits

September 29, 2015
One of the major benefits to purchasing a home with a mortgage are the tax credits that can be taken advantage of when April 15 comes around. Many homeowners are unaware of what mortgage related expenses can be deducted and, more importantly, which ones can no longer be deducted. Receive A Tax Deduction For Interest Paid On The Mortgage The most common tax credit associated with mortgages is the interest paid credit. This allows borrowers to deduct the cost of the interest paid on their mortgage on their taxes, which in many cases is the ...

Bernal Heights median sales are up 13.3% over last year

September 28, 2015
Single family home median sale prices are up 13.3% over last year, with an average of 20 days on the market. For a full neighborhood profile of Bernal Heights, click HERE If you’re interested in buying or selling in Bernal Heights or anywhere in the Bay Area, feel free to contact Michael Minson at michael@michaelminson.com or 415.606.2625.

Western Addition condo median sales price up 47.6% over last year

September 28, 2015
Condominium median sale prices are up 47.6% over last year, with an average of 27 days on the market. For a full neighborhood profile of Western Addition, click HERE If you’re interested in buying or selling in Western Addition or anywhere in the Bay Area, feel free to contact Michael Minson at michael@michaelminson.com or 415.606.2625.

Civic Center condo median sales price up 14.6% over last year

September 28, 2015
Condominium median sale prices are up 14.6% over last year, with an average of 23 days on the market. For a full neighborhood profile of Civic Center, click HERE If you’re interested in buying or selling in Civic Center or anywhere in the Bay Area, feel free to contact Michael Minson at michael@michaelminson.com or 415.606.2625.

Waterfront/Dog Patch median sales price up 41.6% over last year

September 28, 2015
Condominium median sale prices are up 41.6% over last year, with an average of 19 days on the market. For a full neighborhood profile of Waterfront, click HERE If you’re interested in buying or selling in Waterfront or anywhere in the Bay Area, feel free to contact Michael Minson at michael@michaelminson.com or 415.606.2625.

Diamond Heights condo median sales price up 20.9% over last year

September 28, 2015
Condominium median sale prices are up 20.9% over last year, with an average of 27 days on the market. For a full neighborhood profile of Diamond Heights, click HERE If you’re interested in buying or selling in Diamond Heights or anywhere in the Bay Area, feel free to contact Michael Minson at michael@michaelminson.com or 415.606.2625.

Glen Park median sales price up 10.3% over last year

September 28, 2015
Single family home median sale prices are up 10.3% over last year, with an average of 23 days on the market. Condominium median sale prices are down 8.2% over last year, with an average of 29 days on the market. For a full neighborhood profile of Glen Park, click HERE If you’re interested in buying or selling in Glen Park or anywhere in the Bay Area, feel free to contact Michael Minson at michael@michaelminson.com or 415.606.2625.

Visitacion median sales price up 10.6% over last year

September 28, 2015
Single family home median sale prices are up 10.6% over last year, with an average of 46 days on the market. For a full neighborhood profile of Visitacion, click HERE If you’re interested in buying or selling in Visitacion or anywhere in the Bay Area, feel free to contact Michael Minson at michael@michaelminson.com or 415.606.2625.

Noe Valley median sales price up 4.7% over last year

September 28, 2015
Single family home median prices are up 4.7% over last year, with an average of 18 days on the market. Condominium median sale prices are up 2% over last year, with an average of 25 days on the market. For a full neighborhood profile of Noe Valley, click HERE If you’re interested in buying or selling in Noe Valley or anywhere in the Bay Area, feel free to contact Michael Minson at michael@michaelminson.com or 415.606.2625.

South Of Market condo sales median price up 16.7% from last year

September 28, 2015
Condominium median sale prices are up 16.7% over last year, with an average of 38 days on the market. For a full neighborhood profile of South of Market, click HERE If you’re interested in buying or selling in South of Market or anywhere in the Bay Area, feel free to contact Michael Minson at michael@michaelminson.com or 415.606.2625.

South Beach condo median sales price up 14.8% over last year

September 28, 2015
Condominium median sale prices are up 14.8% over last year, with an average of 38 days on the market. For a full neighborhood profile of South Beach, click HERE If you’re interested in buying or selling in South Beach or anywhere in the Bay Area, feel free to contact Michael Minson at michael@michaelminson.com or 415.606.2625.

Eureka Valley median sales price up 3.6% over last year

September 28, 2015
Single family home median sale prices are up 3.6% over last year, with an average of 15 days on the market. Condominium median sale prices are up 8.6% over last year, with an average of 22 days on the market. For a full neighborhood profile of Eureka Valley, click HERE If you’re interested in buying or selling in Eureka Valley or anywhere in the Bay Area, feel free to contact Michael Minson at michael@michaelminson.com or 415.606.2625.

Potrero Hill median sales price up 17% over last year

September 28, 2015
Single family home median sale prices are up 17% over last year, with an average of 21 days on the market. Condominium median sale prices are up 14% over last year, with an average of 32 days on the market. For a full neighborhood profile of Potrero Hill, click HERE If you’re interested in buying or selling in Potrero Hill or anywhere in the Bay Area, feel free to contact Michael Minson at michael@michaelminson.com or 415.606.2625.

What’s Ahead For Mortgage Rates This Week – September 28, 2015

September 28, 2015
Last week’s scheduled economic news included reports on new and existing home sales, the FHFA House Price Index, weekly reports on mortgage rates, and new jobless claims. The week finished with a report on consumer sentiment. Existing Home Sales Fall as New Homes Sales and Home Prices Rise The National Association of Realtors reported that home sales for pre-owned homes fell in August. Analysts expected sales of existing homes to reach a reading of 5.52 million sales on an annual basis, but the actual reading was 5.31 million existing homes ...

The Quick and Easy Guide to Understanding the Math Behind Your Mortgage Closing Costs

September 25, 2015
It’s amazing that in a year with extremely low mortgage rates being reported around the country, closing costs are up by as much as 6% from the previous year. Part of the reason for this is that the stricter regulations on loans have increased the costs to banks, and they always find a way to pass on new costs to the consumer. Understanding Third-Party Closing Costs When closing on a mortgage the borrower will notice a long list of additional fees that they are expected to pay for. These can range from insignificant into the thousands of ...

NAHB: Builder Confidence Hits Highest Rate in 9 Years; Fed Doesn’t Raise Rates

September 24, 2015
The National Association of Home Builders (NAHB) / Wells Fargo Housing Market Index reported that home builder confidence rose by one point to a reading of 62 for September. This was the highest reading since November 2005, when the NAHB reported a reading of 68 for home builder confidence. Any reading above 50 indicates that more builders are confident about housing market conditions than those who are not. NAHB notes that builder confidence has been growing at a moderate pace since July 2014; this is in line with economic conditions in ...

Ignore ‘The Bubble’ Talk – 3 Reasons Why This is an Excellent Time to Buy Real Estate

September 23, 2015
It is common for those who are interested in buying real estate in the near future to tune into news stories about the real estate market, and many may have heard that there is speculation about a real estate bubble that may pop soon. While this gloomy outlook on the real estate market can strike fear in some hearts and may deter a purchase until a later date, the fact is that this is an excellent time to purchase property. In fact, there are three good reasons why potential buyers may want to start moving forward with their buying plans ...

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