In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal.
If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that recently closed) to defend the selling price when performing the appraisal for the bank.
Every month in their Home Price Perception Index (HPPI), Quicken Loans measures the disparity between what a homeowner...
You may think that spring and summer are the best times of the year to list your home. However, winter may actually be as good a time as any to list and sell. Bay Area is experiencing a full-blown seller’s market right now. Demand is up and inventory is down! When thinking about listing your home this winter, consider these 5 reasons!
1. BUYER DEMAND IS STRONG
Buyers are ready, willing and able to purchase… and are in the market right now! Multiple buyers are competing with each other everyday. Winter home buyers are less likely to be browsing, since many have been actively searching for properties since spring. While many buyers drop out of the market in the winter months, you may end up selling to that dedicated buyer who refused to give up! Many buyers are frustrated with the bidding wars that occur in the spring, summer or fall and are more ready than ever to move into their new home! Additionally, companies often relocate or transfer...
As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently explained that the lenient lending standards of the previous decade (which created false demand) no longer exist. But what about prices?
Are prices appreciating at the same rate that they were prior to the crash of 2006-2008? Let’s look at the numbers as reported by Freddie Mac:
We all know SF is now in a big building boom. But do you know what's actively selling NOW and what's coming soon?
Below, I made a simple table where you can see each new constructions at a glance. I will be happy to discuss in detail if you are interested in a certain project, so please feel free to contact me at any time!
Realtor, San Francisco Modern
Email: [email protected]
Last week I was lucky enough to be invited to a talk that was being held at the headquarters of DPR Construction in San Francisco. The discussion was all about Net Zero Energy building practices and the gradual trend towards energy efficient design and building. What better place to have this discussion than in San Francisco’s first Certified Net Zero Energy Commercial Building. The panel was made up of several industry leaders in this particular field as well as the well renowned author Chip Conley.
As our industry gradually begins to acknowledge...
I finally had a chance to visit the highly anticipated luxury new construction at 450 Hayes St today, and here are all the juicy details!
Address: 450 Hayes St. SF/btw Gough & Octavia
Developer: DM Development & DDG (Previous projects include 8 Octavia and 400 Grove)
Designer: Handel Architect (Previous projects include Millennium Tower, NEMA)
(Hayes St view from one of the 4th floor unit!)
The building will have a total of 36 units, featuring courtyard, rooftop...
Happy New Year!
As we enter a new and exciting year in 2016, I just wanted to share with everyone a quick summary of what SF real estate market would look like in 2016, as I've been recently reading many reports released by various sources including San Francisco Association of Realtors, California Association of Realtors, Fannie Mae etc.
Price: The San Francisco median sales price was up 15.7 percent(y-o-y) to $1,150,000 in 2015. Home prices should continue to rise in 2016 but perhaps at a tempered pace as the market approaches a natural balancing point. As Fannie Mae sees it, the year ahead will be less like a person in love and more like one in a satisfying long term relationship.
Inventory: Inventory went down by 3.7% in 2015. It should rise...
I finally had a chance to visit the sales office of Luxe at 1650 Broadway today and I was impressed!
This luxurious building comes with a total of 34 units and all units will have a private balcony, many with water views, parking, custom Becker Studio kitchen and bathroom, Subzero refrigerator and Thermador appliances.
Just to give you an idea of pricing;
The cheapest 1BR is #205, 1BR+den, 1.5BA, 819SQ with partial water views, listed at $1.15M!
(View from unit 205)
One of the major concerns that parents have when it comes to moving to SF, is how to land on a good school for their kids. It is not only challenging to find a good school that fits for you, but also to get him or her accepted to the school you apply. My husband I were one of those anxious parents, and luckily this year, our son is admitted to our dream school, Lycee Frances de San Francisco(LFSF)! We are so excited for this new adventure for our son, and wanted to share our experience with the school here in case anyone is interested.
"The coldest winter I ever spent was a summer in San Francisco."
- Mark Twain
San Francisco weather can confuse lots of visitors or even residents sometimes esp. in summer as the weather keeps changing from sunny to windy to cloudy depending on where the vicious wind and thick fog moves. Therefore if you're planning a visit to SF or even a summer play day with your kids, make sure to include at least one indoor place in your plan so your day won't be completely ruined by this tricky weather.
Here are my favorite SF kids-friendly indoor spots!
1. Academy of Science