Majority of Buyers Would Pay Extra for Home in a Prefered School District

From the Pacific Union Blog:

School-district boundaries are an important consideration for most homebuyers — so important, in fact, that 54 percent of people who plan to buy a home within the next two years said they would be willing to pay from 1 to 20 percent over their budget to purchase in a desirable school district.

In a recent survey by Realtor.com, 24 percent of future homebuyers said they would pay 1 to 5 percent above their budget for a home in the school district of their choice. […]

May Market Focus Report

As we close on the halfway point for 2013, San Francisco continues to be one of the fastest moving real estate markets in the nation.  The strong local economy and low interest rates have been impressive drivers of growth, and constricted inventory has intensified the market.  Here are some highlights from the most recent SFAR Market Focus Report:

The year to date median sales price is up 29% for single family homes and 24% for condos
The month’s supply of inventory is down substantially – 23% […]

2013: The Right Time for Bay Area Sellers

The Bay Area’s real estate markets are poised for a busy year ahead.

Buyers are eager and anxious. The pent-up demand that sparked bidding wars and pushed home sales into record territory in 2012 shows no sign of slowing down in 2013, as buyers rush to take advantage of bargain-priced properties and mortgage rates still hover near historic lows.

Now it’s time for sellers to join the party.

With the U.S. economy on the mend and home prices rising, many sellers are entering a sweet spot where they’re able […]

Home Prices Keep Rising

The Bay Area marked nine straight months of steadily rising home prices — the longest continuous run in seven years — according to the latest statistics from the Case-Shiller home price index.
Home prices rose 1.4 percent from October to November and were up 12.7 percent since November 2011 in the San Francisco metro area, which includes Alameda, Contra Costa, Marin, San Francisco and San Mateo counties.
Bay Area home prices recorded the second-highest annual growth rate in the nation, following Phoenix at 22.8 percent. Nationwide, […]

2012 Q4 SF Housing Report

The year 2012 was one of the strongest in recent memory for real estate, and the frenzied pace continued through the fourth quarter, even accounting for a brief lull during the holidays. Pent-up buyer demand and an exceptionally tight supply of properties on the market meant that many homes sold quickly and with multiple offers.

A balanced real estate market typically has a six-month supply of inventory, but the supply of single-family homes and condominiums in San Francisco hovered near record lows in the fourth […]

On KQED’s Forum This Morning: The Rising Price of Housing in the Bay Area

The price of Bay Area rentals and for-sale homes rose sharply last month, by as much as 16 percent in some areas. San Francisco ranked as the second-healthiest housing market in America, according to the real estate site Trulia. Why are prices rising, and how are costs affecting Bay Area residents?
 

Justin Sullivan/Getty Images

Guests:

Carolyn Said, staff writer covering economics and real estate for The San Francisco Chronicle
Jed Kolko, chief economist for Trulia and author of the new Public Policy Institute of California report, “Business Relocation […]

Bay Area Continues to Drive CA Economic Recovery

The latest employment numbers confirm that the Bay Area continues to drive California’s economic recovery, with employers increasingly calling back laid-off workers and thousands of new jobs helping to expand the economic base — and keep our real estate markets busy well into the new year.

The state Employment Development Department reported that California’s unemployment rate fell to 9.8 percent in November, the first month under 10 percent in nearly four years.

Marin County‘s jobless rate was unchanged at 5.8 percent, the lowest in the state, followed by San Mateo […]

San Francisco Quarterly Real Estate Report Q3.2012

 

John Fitzgerald

San Francisco: Q3 Results

The summer months typically see a slowdown in home sales, but this summer was anything but slow. An exceptionally tight supply of homes on the market resulted in frenzied activity among buyers looking to get into contracts at all price points in the third quarter, and multiple bids were the norm for all fairly priced properties – both single-family homes and condominiums.Sellers found themselves choosing among multiple offers – in some cases 20 or more – which helped push single-family […]

A Busy Year for Homeowners – and SF #1 in Real Estate

Photo credit ArmchairBuilder.com

From Pacific Union – here’s a look at news this week of interest to home buyers, home sellers, and the home-curious:

NEW-HOME CONSTRUCTION REBOUNDING

U.S. builders started construction of new homes and apartment units at a blistering pace in September – up 15 percent from the month before and 35 percent from a year earlier, for the highest level of housing starts in more than four years, according to numbers the Census Bureau and U.S. Department of Housing and Urban Development released Wednesday.

In a separate report showing renewed vigor in home construction, […]

The Bus Stops Here!

Sometime in 2008, private luxury buses began shuttling employees from the city to some of the most important companies in Silicone Valley (e.g. Apple, Facebook, Genentech and Google).  While their appearance has not been welcomed by everyone, there is no denying the significant “bump” a property can receive from being located less than a few blocks from a “stop”.

NoeValley SF has posted this Most Excellent Map of Employee Shuttle Bus Stops.  ”At a rough estimate, these shuttles transport about 40% of the amount of passengers Caltrain […]