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Blog Archives: January 2017 — December 2017

December San Francisco Market Report

December 21, 2017
The November San Francisco real estate market moved along pretty much as expected, with continued low inventory and the majority of properties selling above list price. Condo prices hit an all-time high of $1,230,000. The proposed tax changes are very likely to affect future buyer behavior as they lose purchasing power with the loss of full deductibility of state income taxes and property taxes. That loss of purchasing power will likely dampen sales price increases. Stay tuned… Single Family Homes: November’s median sales price eased ...

Five Black Jet Desserts To Be Thankful For

November 21, 2017
Jennifer Baxter
  Black Jet Baking Co. opened it’s door on March 29th this year in the old Pinkie’s Bakery location (833 Cortland Avenue). But you may not know the hidden gems that lurk inside. We have one word. PIES Gillian Shaw Lungren is not new to the neighborhood. She and Head Baker, Max Newman met while working at the old Liberty Cafe. That’s where they honed their skills for the flaky and tasty pie crust that’s a specialty this holiday season. It’ll take you right back to your childhood. At The Liberty, they worked their magic with ...

November San Francisco Market Report

November 16, 2017
The Swiss bank UBS published its Global Real Estate Bubble Index recently, stating that San Francisco is the most overvalued real estate market in the US. Their analysis focused on the rise of home prices in San Francisco compared to the rise in median incomes. Their report stated that home prices have risen 65% since 2012 while the average income has risen only 10%. While they are, essentially, correct about the rise in the housing prices (taking both single family and condoprices into account), they are off on the income rise. Per the US ...

Shannon Kaye: Bringing Color Back into your Life at Home

November 14, 2017
Jennifer Baxter
Shannon Kaye can walk into your living room and instantly understand your lifestyle. Then, she can create any feeling you want to live, through color. She is the founder of Plein Heir, a home color and style coaching business. We talked in her Bernal Heights home about the twists and turns of her business and her favorite passion project to date; creating a home with her partner Ray Beldner. How did you get into color and style coaching for homes? Shannon: About seventeen years ago I worked for an artist who called herself a decorative ...

Bernalwood: When Community Contributions Power a Blog

September 18, 2017
Jennifer Baxter
Todd Lappin, the creator of the popular local blog Bernalwood, explains the background of his five favorite blog posts and how they’ve impacted the community over the years. When did you start Bernalwood and what was the original idea? I started the blog in 2010 because I felt the neighborhood wanted a publication that spoke to the growing population of residents who were not baby boomers. I wanted to give a voice to another perspective on the neighborhood. I was a magazine editor for 15 years at Wired and Time Inc. I didn’t have a ...

Bernal on the Big Screen: Outdoor Cinema

September 07, 2017
Jennifer Baxter
Are you ready for your close-up, Bernal Heights? This Thursday kicks off the 14th season of the Bernal Heights Outdoor Cinema. Each evening of September 7th – 9th you can meet neighbors and watch films that reflect the values of our neighborhood. I sat down with Anne Batmale and Leslie Lombre to talk about the local talent they showcase and what it means to the community.  Tell me how you two met and how the idea for the Outdoor Cinema started? Anne: We met in 2001 while working on the Bernal Heights Neighborhood Center’s annual event ...

Peninsula Real Estate Market Update – August 2017

August 18, 2017
  The San Mateo County single family homes median sales price hit an all-time high in July, up 5.1% from last month, ending up at $1,492,500. The continued tight supply coupled with strong demand saw overbids hit 107.6%, a drop of 2.2% from last month. Condos/townhomes eased off their all time high of $850,000 in May to $719,000 in July. They sold at a median overbid of 103.8%, down from June’s 105.6%. The number of new single family home listings coming on the market continued its downward trend in July. New listings were down 18.6% ...

San Francisco Real Estate Market Update – August 2017

August 16, 2017
July’s median sales price for single family in San Francisco followed its seasonal backing off of its May peak, dropping to $1,431,000 from May’s $1,500,838. Single family home inventory continues to be at its lowest level, 1.6 months, since last December, and its lowest July level in a decade. This continues to be caused by fewer homes coming on the market, while sales stay fairly constant. The number of new listings on the market in 2017 is down 10% from 2016 while the number of sales is up 1.4%. The incredibly tight supply coupled with ...

Napa Valley Real Estate Report August 2017

August 16, 2017
Napa’s single family home median sales price stayed above $700,000 for the fourth month this year, coming in at $721,000. This is down just slightly from June’s $722,000 and up 2.7% year-on-year. The big story (assuming the data from the MLS is correct) is that new listings were way down in July, to just 69. That’s down 40% from last July’s 115. Let’s hope it’s a data glitch, not further shrinking on the listing side. Year-to-date, new listings are down 13.8%. That compares with the number of year-to-date sales being down just 1.7%. The ...

Southern/Central Marin County Real Estate Report August 2017

August 16, 2017
Southern/Central Marin’s single family home median sales price took a further step back in July from April’s peak, following May and Jule’s decline, ending at $1,400,000. This is still up 7.8% above July, 2016. The big story (assuming the data from the MLS is correct) is that new listings were way down in July, to just 80. That’s down 47% from last July’s 152. Let’s hope it’s a data glitch, not further shrinking on the listing side. Year-to-date, new listings are down 11%. That compares with the number of year-to-date sales being down 4.2%....

Register Now: Hillwide Garage Sale Sat August 12th

August 01, 2017
Michael Minson
It’s that time of year again and the Hillwide Elves are making a list of who’s been splurging and who’s been purging! Get your garage groove on and join the neighborhood to raise money for the Bernal Heights Neighborhood Center (BHNC). Remember to share and be social with #Hillwide2017. A quick word from our Head Elf, Michael Minson: Hi Neighbors! I have led this effort every year for the past four years as a fun way to raise extra funds for the BHNC. With the HUD cutbacks at the Federal Government level, it’s more important than ever ...

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%....

SF Market Report - May 2017

May 22, 2017
San Francisco’s continued hot housing market reflects the incredibly strong full- employment economy that the Bay Area and the U.S. is experiencing. Not only is unemployment in San Francisco historically low (3.3%), but also the number of employees who are involuntarily part-time is falling and older workers are remaining in the work force longer. The impact of all of this very healthy jobs data is twofold: continued strong demand for our high-priced San Francisco housing; and fewer older workers retiring and moving out of the city. In ...

Napa Market Report - May 2017

May 22, 2017
Napa’s continued hot housing market reflects the incredibly strong full-employment economy that the Bay Area and the U.S. are experiencing. Not only is unemployment in in Napa at just 4.5%, but the number of employees who are involuntarily part-time is falling and older workers are remaining in the work force longer. The impact of this very healthy jobs data is twofold: continued strong demand for Napa housing; and fewer older workers retiring and moving out of the area for retirement. In fact, the number of new single family homes listed ...

Marin Market Report - May 2017

May 22, 2017
Marin’s continued hot housing market reflects the incredibly strong full-employment economy that the Bay Area and the U.S. are experiencing. Not only is unemployment in Marin at just 4.2% but the number of employees who are involuntarily part-time is falling and older workers are remaining in the work force longer. The impact of this very healthy jobs data is twofold: continued strong demand for Marin housing; and fewer older workers retiring and moving out of the area. In fact, the new number of new single family homes listed for sale ...

April 2017 San Francisco Market Report

May 12, 2017
Michael Minson
The employment landscape and wages have both improved over the last few years, allowing for more people to participate in the home-buying process. View the full report here. When the economy is in good working order, as it is now, it creates opportunities in residential real estate, and right now is a potentially lucrative time to sell a home. Houses that show well and are priced correctly have been selling quickly, often at higher prices than asking. New Listings were down 27.0 percent for single family homes and 36.0 percent for ...

It’s Never Too Early to Plan for Your Child’s Future

April 21, 2017
Michael Minson
As you gaze at your sleeping baby snuggled tightly in a blanket, it’s hard to imagine that your adorable little one will become an adult one day. Life may seem expensive now if you’re doling out an average of $105 a month for formula or up to $850 per week for childcare, but these barely compare to the costs your child may incur in the future. Tuition for a private college averages more than $33,000 per year, and your child may also have to worry about shelling out funds for rent, a car payment, and medical insurance. The average American ...

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