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Blog Archives: December 2015

Market Watch | Bay Area Home Sales Cool Off While Prices Keep Moving Higher

December 23, 2015
A continuing inventory shortage may be the primary reason why Bay Area home sales declined in October compared to a year ago, the first year-over-year drop in sales since February. But the limited number of homes on the market has also kept home price moving higher as we edge closer to yearend. CoreLogic, the real estate information firm, reported that that there were 7,673 new and existing home sales in October (the most recent figures available). That’s down 2.4 percent from September and 2.5 percent from October 2015 – the first YOY drop ...

Offshore Buyers Continue to Invest in Bay Area Real Estate

December 22, 2015
2015 was another very strong year for foreign investment in U.S. real estate, especially here in the Bay Area and particularly from Asian buyers. The dollar volume of all foreign investment in the U.S. reached $104 billion for the 12 months ended March 2015, up 13 percent from the same period a year ago, according to the National Association of REALTORS®. More than half of that investment went to California and three other states – Florida, Arizona and Texas. No one knows for sure exactly how much foreign investment there is in the Bay ...

2015 Year-in-Review for Bay Area Housing Market: Strong Demand and Limited Inventory Created Seller’s Market

December 21, 2015
As we approach the end of 2015, it’s a great time to take a look back at how the Bay Area housing market fared this year. This year turned out to be another strong year overall for the local real estate market, especially for home sellers. The Bay Area housing market experienced good appreciation in home prices in many areas, although some home values did come back to earth a bit as the year wore on. The median sales price in the Bay Area through October reached $710,000, up 9 percent in 2015 from last year, according to local MLS data ...

San Francisco New Year’s Eve 2016

December 09, 2015
San Francisco provides the ultimate destination for ringing in the New Year with its breathtaking views of the city and bay, electric nightlife and world-class dining and entertainment. Whether you want to watch the city light up with fireworks, wine and dine with friends or toast to 2015 at a lavish party, San Francisco will not disappoint. So let’s begin the countdown to five of the “best” ways to welcome 2016 San Francisco-style. 1. Best Family Activity—San Francisco’s Midnight Fireworks Show Ring in the New Year with a bang by enjoying ...

Celebrating the Holiday Season in San Francisco

December 09, 2015
From the lights, window displays and bustling crowds of shoppers in Union Square to the lit up houses and boats along Marina Boulevard to the intimate neighborhood celebrations  – it’s all part of the San Francisco holiday experience. Here’s a look at just a few of the festivities available throughout the city to help you celebrate this holiday season: Illuminate SF Location: Throughout San Francisco When: Now Through January 2016 Presented by San Francisco Travel, Illuminate SF sets San Francisco aglow this holiday season with 27 public ...

Monthly Market Snapshot - Oct. 2015

December 09, 2015
Transitory periods in the market are common this time of year, and after a persistent period of steady year-over-year climbs in sales metrics, recent low national numbers have not fulfilled what many predicted. But on a positive note, jobless claims have also been at low levels, coming in as the lowest number since 1973. As always, every market and situation is unique, so some numbers seen in national trends may not always line up with local markets. New Listings were down 2.0 percent for single family homes and 10.7 percent for ...