Category archive - Blog

MLS Statistics for the last two weeks, 2/20/09 – 3/06/09

Comparing the past 2 weeks with the 2-week period, 1/30 – 2/13/09:

The number of new listings coming on the market declined by 20%

The number accepting offers (going contingent sale) increased by 35%

Closed sales went up 75%

Properties coming back on market (i.e. deals falling through) fell by 8%

The number of price reductions—already at very high rates—increased by 18%

Expired and withdrawn listings are relatively stable

26% of house sales were bank-owned properties (REO); 10% of condo sales were REOs


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Property Lists: Foreclosed, Bank-Owned and Auction

The links below show properties in all stages of the foreclosure process and those that are bank-owned or up for auction. Please approach these properties with caution – and call me to discuss.

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PDF vs PST: Time to change your clocks

The Uniform Time Act of 1966 provided the basic framework for alternating between daylight saving time and standard time, which we now observe in the United States. But Congress can’t seem to resist tinkering with it. For example, in 1973 daylight saving time was observed all year, instead of just the spring and summer. The current system of beginning DST at 2 AM on the first Sunday in April and ending it at 2 AM on the last Sunday in October was not standardized until 1986.

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Paragon March 2009 Newsletter – Extended Version

In this edition:

Foreclosure Sales in San Francisco

Upper-End Home Market Wilts

New Condo Developments Reduce Prices

Regarding Statistics

Average Dollar per Square Foot in Selected Bay Area Zip Codes

Sales Price to List Price

Financing Conditions & Tax Credits

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Property Lists: Foreclosed, Bank-Owned and Auction

The following PDFs contain properties that are in pre-foreclosure, recently foreclosed, REO (bank-owned) and up for auction:

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Upcoming Listings & Buyer Needs

These properties are either coming into the MLS in the next few weeks or will not be marketed by the agent in MLS. For an opportunity to view them prior to the rest of the market, please contact me. There are also a few notes about properties that buyers are looking for – do you have a property to sell? There is also a place “for temporary rent” – if you or someone you know is planning a remodel soon!


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10 High-End Remodel Ideas – For Under 100K

This is a great article that was brought to us by James Dixon, an architect who has given presentations at Paragon in the past. Enjoy!

Why should you spend any money on your home at this time? Well, that’s a good question and here’s one answer:

You can get a great amount of work for your money and increase your ROI by taking advantage of the current economy and a new approach to home renovation. This is the time for opportunity.

People are spending more time in their homes and are spending money improving what they have; there is more of a “stay in” rather than “go out” mentality. Here are ten ideas that reflect that mentality and were built for $100,000 or less, some for much less. These projects were built in San Francisco and the immediate area so the pricing may be lower in your area. However, wherever you live, these projects show that re-design is within reach at any budget.

Click here to read more.

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San Francisco Months-Supply-of-Inventory & Days-on-Market Analysis

Generally speaking, 4-5 months supply of inventory is considered a balanced market between buyers and sellers; less than 4 months is considered a sellers’ market; and more than 5 months is considered a buyers’ market.

By these definitions (as well as others), the home market in many of San Francisco’s neighborhoods is now a strong buyers’ market – which means more choice, less competitive bidding, increased price reductions, more price negotiation. This doesn’t mean that the best-value homes aren’t still often selling quickly.


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Current Market Trends

At current trends, over the next month:

• 563 active SFD listings will be joined by over 250 new SFD listings for a total of over 800: less than 1 out of 8 will go contingent sale (and most of them at the low end).

• 674 active Condo listings will be joined by over 350 new Condo listings for atotal of over 1000: less than 1 out of 10 will go contingent.

• 241 active TIC listings will be joined by over 150 new TIC listings for a total ofabout 400: about 1 in 16 will go contingent.

• 234 2-4 Unit listings will be joined by over 80 new 2-4 U listings for a total of over300:about 1 in 19 will go contingent.

The average days on market for active properties range from about a 100 days to over 130 days (and growing). Lots of days on market; incredible numbers of price reductions; a small number selling – though many of those selling still sell relatively quickly.

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