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Blog Archives: January 2019 — December 2019

San Francisco Real Estate Market Update: January 2019

January 21, 2019
For the first time in seven years, the trend line shifted from up to down for single family home sold prices in San Francisco. They eked out a 0.5% increase* for the year. Likewise, median condo sold prices peaked in March and ended the year with an annual appreciation of 3.6%. In retrospect, 2018 was probably the start of the leveling off of the very frothy San Francisco housing market. This is a natural part of the real estate cycle, as the affordability gap widens between rising prices and wage gains. Real estate is a highly cyclical ...

Barbara Corcoran Endorses Level Up Group (Again)

January 19, 2019
Michael Minson
We're deeply honored to be officially recognized as Barbara Corcoran's go-to Realtor for San Francisco for the 2nd year in a row. She only endorses one agent per metro area and she chose Michael Minson and the Level Up Group.  Her criteria are excellence in service, experience and committment to delivering a consistent, predictable and high quality client experience. Contact us if you're looking for the Best Realtors in San Francisco. Here is our 2018 endorsement: Hello@LevelUpGroupSF.com 415.606.2625

SB800: New Construction Warranty & Litigation

January 07, 2019
Michael Minson
We work with a lot of buyers and sellers of new developments/construction, and we get a lot of questions about SB 800.  Here are some essential items that you should know. How does SB 800 affect the buyer? In essence, the state mandates that the building come with a 10 year warranty.  The HOA will most likely sue the developer sometime around year 9 in order to get any warranty issues paid for by his insurance company.  You may have a difficult time selling the unit while litigation is pending due to buyer financing issues – it could take ...

San Francisco Real Estate Market Update: December 2018

January 06, 2019
Uncertainty in the market and the economy is the watchword. November followed October’s stock market gyrations with the result that all major worldwide stock markets are now in negative territory for the year. The Federal Reserve Chair has now hinted that the Fed may not raise the discount rate as previously planned in December. In San Francisco, four SF-based unicorns, Lyft, Uber, Pinterest and AirBNB, have each announced plans to IPO in 2019. Since real estate is the biggest item that people buy following an IPO, this could buoy the San ...

2018 Year in Review

January 06, 2019
Michael Minson
If the first half of the year was the high rolling good times from a tech company launch party where the champagne flowed and the insta-celebrities showed up around 2am, the 2nd half was the brutal hangover from the reality check that you may be getting too old for this stuff. MARKET RECAP The year as a whole finished strong with a median sale price for single family homes of $1.6M, which is a 13% increase compared to 2017 - the strongest we’ve seen in the past few years. Volume was roughly unchanged, with about 2,200 SF houses traded - ...

Napa Valley Real Estate Report December 2018

January 03, 2019
Uncertainty in the stock market and the economy is the watchword. November followed October’s stock market gyrations with the result that all major worldwide stock markets are now in negative territory for the year. In response, the Federal Reserve Chair has recently hinted that the Fed may not raise the discount rate as previously planned in December. Locally, fewer buyers are participating in multiple offers and the percentage of homes selling above list price is falling. The biggest takeaway for Napa is that inventory has risen steadily ...