In 2024, San Francisco median house and condo sales prices increased year over year, though still running below the 2021-2022 pandemic-boom highs. The numbers of new listings and sales rose from 2023, but volumes remained well below long-term norms. Fueled by rising stock markets, luxury home sales outperformed the general market. Overbidding of asking price increased, and, on average, listings sold a few days faster than last year.

San Francisco is taking a major step toward modernizing its public records system with the launch of a free online database containing over 7 million property documents. These records, which date from 1990 to the present, include deeds, liens, reconveyances, and notices of default. Previously, these documents could only be accessed in person at City Hall or through paid services. Now, they’re available to the public at no cost.

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In late November, Bay Area markets began moving into the mid-winter holiday slowdown, which in December typically results in the lowest counts of the year for new listings coming on market and homes going into contract. Homes are still listed and deals continue to be made, just at a much slower pace, and this is usually the period where buyers can negotiate most aggressively on unsold properties with longer days-on-market.

If you’re considering hosting a short-term rental in San Francisco, it’s important to understand the city’s regulations to stay compliant and avoid fines. Here’s a summary of the rules, along with useful links to help you get started.

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October brought a substantial rebound in market activity. Year over year, median house and condo sales prices were up in October 2024, 2% and 5.5% respectively. Fueled by the large jump in new listings in September, sales activity - as measured by the number of listings that went into contract - hit its highest point since spring 2022.

On September 18th, the Federal Reserve Bank dropped its benchmark rate for the first time since 2020 - a very positive development for housing markets.

"The time has come for policy to adjust... the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks...My confidence has grown that inflation is on a sustainable path back to 2 percent." Jerome Powell, Chairman, Federal Reserve Bank, 8/23/24

As of August 8th, mortgage rates had reached the lowest point in over a year, while financial markets were experiencing significant volatility.

When deciding whether to accept an offer, it’s critical to consider your carrying costs…. including the cost of capital.

We offer Compass Concierge, a unique program designed to help you effortlessly transform your property into a stunning, market-ready home.

The median house sales price in Q2 2024 rose 6% from Q2 2023, while the median condo sales price declined by 2.5%.

So far in spring 2024, the Bay Area has been seeing its strongest luxury home market since the spring 2022, the very heated end of the pandemic boom. Still, luxury market indicators are generally cooler, and sometimes much cooler, than more affordable segments – though, this is not unusual by long-term standards.

Home prices, sales volume, luxury sales, the number of new listings, and overbidding — all increased as the market moved into spring. Not every listing sells, though, and price reductions also increased.

Markets have heated up dramatically through the end of Q1, with Q2 expected to see significant home price increases. Most if not all Bay Area residential markets are seeing or will probably soon see their strongest market dynamics since the pandemic boom ended in spring 2022.

As we journey through life, we inevitably reach a point where our housing needs evolve. For many individuals aged 50 and older, the prospect of downsizing or exploring alternative living arrangements becomes a topic of consideration.

As we age, our priorities and lifestyles naturally evolve, leading many seniors to seek simplicity and efficiency in their daily lives. One powerful way to achieve this is through the practice of decluttering and embracing a minimalist approach to living.

What You Can’t Control: The past (what you paid for your home at purchase).

Home appraisals are pivotal in real estate transactions, wielding considerable influence on both buyers and sellers.

In the competitive world of Bay Area real estate, presenting a property in its best light can significantly impact the selling process.