Peninsula Real Estate Market Update – July 2018

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Summary:

It definitely feels like the dog days of summer in the San Mateo County real estate market. The trend is continuing. Properties are not selling as fast, nor with as many offers, as has been the norm. This may be somewhat seasonal as many people turn their attention to vacations and travel over the summer, with real estate taking a back seat. It may be that the market heated up too fast earlier this year, at an unsustainable rate, so it’s self-correcting. It’s actually a good thing. The rate that prices were increasing by was clearly not sustainable over the long term. Interestingly, this trend is showing up mostly in single family home prices. Condos and townhome sales do not seem to be affected yet.

Here’s a summary of the numbers.

939 Harrison Street | SF

  • Sought after SOMA Highly Improved Creative Space +/- 5000 RSF
  • Best in class open creative space with glass walled conference rooms
  • High bow truss sandblasted ceiling with tons of natural light
  • Polishing concrete floors with walls finished in Venetian plaster
  • Modern Kitchen, 2 bathrooms + shower
  • Full HVAC
  • Rate: Negotiable, contact broker

Showings

Roark

Roark O’Niell 

415.308.5085 [email protected]

 

Suzanne Gregg

415.816.9133 [email protected]

1245 Folsom Street | SF

  • Sexy SOMA Creative Headquarters Opportunity
  • Architecturally astounding +/-9300 RSF single identify building.
  • Soaring bow truss ceiling with exposed hardwood and multiple skylights.
  • Polishing concrete floors with walls finished in Venetian plaster
  • Private gated parking/outdoor area
  • Multiple meeting rooms, phone rooms, and large board room.
  • Multiple bathrooms + a shower
  • Full HVAC
  • Rate: Negotiable, contact broker

Showings

Roark

Roark O’Niell 

415.308.5085 [email protected]

 

Suzanne Gregg

415.816.9133 [email protected]

Southern/Central Marin County Real Estate Report July 2018

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Two economic issues currently in the U.S. may impact the Bay Area housing market. The first is the mounting trade wars with China, Europe, Mexico and Canada. The second is rising interest rates (2 more are planned by the Federal Reserve Bank but with inflation rising there is talk of a third), tightening monetary policy and the converging yield curve, the latter of which has been a recession indicator in the past and is receiving a lot of press attention.

In Marin, at this point, housing sales are still strong but prices show some signs of weakening.

The number of new single family homes that came on the market in June was the lowest for that month in the past 10 years. And, with the number of sales not declining, inventory stayed at the very low level of just 1.4 months. Prices, however, have risen just 1% over the past year.

Likewise, very few new condo/ townhome listings came on the market in June – half as many as in the preceding two Junes. Again, like single family homes, inventory is incredibly low at 1.1 months. Sales prices have been strong – up 18% year-on-year.

Single Family Homes:
The three-month rolling average median sales price of $ 1,515,000 is up 1% from last year.

Year-to-date, new listings are down 3.4% while sales are up 2.7%.

June’s inventory of 1.4 months is 4.8% higher than in 2017.

The median percent of list price received was 98% in June

Condo/Townhomes:
The three-month rolling average median sales price of $777,333 is up 18% over last year’s.

Year-to-date, new listings are down 5.2% while sales are down 3.5%.

June’s inventory of 1.1 months is % lower than in 2017.

The median percent of list price received was 101% in June.

Napa Valley Real Estate Report July 2018

Two economic issues currently in the U.S. may impact the Napa housing market. The first is the mounting trade wars with China, Europe, Mexico and Canada. The second is rising interest rates (2 more are planned by the Federal Reserve Bank but with inflation rising there is talk of a third), tightening monetary policy and the converging yield curve, the latter of which has been a recession indicator in the past and is receiving a lot of press attention.

In Napa, at this point, housing sales are still strong in terms of price, but there have been fewer single family home sales than in the past four years. New listings are fewer than in any of the previous 10 years.

Single Family Homes:
The three-month rolling average median sales price of $728,333 is up 6.1% over last year’s.

Year-to-date, new listings are down 3.4% while sales are down 6.5%.

June’s inventory of 2.2 months is 1.5% lower than in 2017.

The median percent of list price received was 99% in June.

Condominium/Townhomes:
The three-month rolling average median sales price of $485,333 is down 1% over last year’s.

Year-to-date, new listings are down 17% while sales were down 11%.

June’s inventory of 1.6 months is double what it was in June, 2017.

The median percent of list price received was 99% in June.

2362-2368 15th Street | SF

The finest boutique collection of newly renovated homes ever offered in Corona Heights, 2362 – 2368 15th Street is a rare gem in a magnificent setting.

Two- and three-bedroom penthouse residences boast top-of-the-world views of San Francisco’s iconic skyline, each crowned by a sleek private rooftop deck with interior access and well-appointed for entertaining.

Two- and four-bedroom townhome residences each include two master suites, verdant park-like outlooks and direct access to beautifully landscaped grounds.

Each of these four unique luxury residences is a whole greater than the sum of its parts, the product of expertly balanced materials, finishes and fixtures. Natural oiled French oak floors glow under glistening polished designer lighting. Custom cabinetry hand-colored on site pairs perfectly with variegated quartz countertops. Integrated home audio and radiant heat fill the homes from top to bottom.

From one space to another, in each and every room, there is no detail overlooked and no surface untouched by precision and artistry.

Designed by DESIGNWORKS, one of Northern California’s most prestigious full service architectural firms, with interiors masterfully curated by Napoleon at Home, modern innovation and historical homage seamlessly converge to one impeccably executed, unforgettable and timeless place to call home.

BUILDING DESIGN

Custom rift cut oak soft-close kitchen cabinetry
Natural quartz slab countertops
Chrome kitchen and bath fixtures by Grohe
Custom soft-close bathroom vanities with natural quartz and limestone slab tops
Frameless glass shower enclosures
9.5 inch natural oiled French oak flooring with radiant heat
Designer lighting by Visual Comfort and Curry & Company
Sonos home audio system
Honeywell home security system
Gas fireplace with multi-level heat control
Double glazed windows
Custom design handrails
Electrolux full size washer and dryer
Flat screen television
Secure video entry
Side-by-side parking

RESIDENCE FEATURES

2362 15th Street

  • 2 bedrooms, 2 bathrooms
  • Two master suites
  • Hand glazed ceramic tile backsplash by Heath Ceramics
  • Sub Zero refrigeration and freeze drawers
  • 30 inch Professional Series Thermador gas range, ventilation and dishwasher
  • Porcelain and natural limestone bathroom tiles
  • 12 foot and 9.5 foot ceilings
  • Exclusive use patio, deck and landscaped grounds
  • 1,557 square feet*

 

2364 15th Street

  • 4 bedrooms, 3.5 bathrooms
  • Two master suites
  • Two bedrooms with private terrace
  • 11 foot natural quartz slab kitchen island
  • Natural quartz slab countertops and full height kitchen backsplash
  • 48 inch Professional Series Thermador gas range, ventilation, refrigerator and dishwasher
  • Custom built-in dining room server with natural walnut slab top
  • Porcelain, hand glazed ceramic and natural limestone bathroom tiles
  • 9.5 foot and 8.5 foot ceilings
  • Exclusive use patio and landscaped grounds
  • 3,045 square feet*

 

2366 15th Street

  • Skyline and Bay views
  • 2 bedrooms, 2 bathrooms
  • Hand glazed ceramic tile backsplash by Heath Ceramics
  • Sub Zero refrigeration and freeze drawers
  • 30 inch Professional Series Thermador gas range, ventilation and dishwasher
  • Porcelain, hand glazed ceramic and natural limestone bathroom tiles
  • 9.5 foot ceiling
  • Private rooftop deck with gas and electricity
  • 1,007 square feet*

 

2368 15th Street

  • 3 bedrooms, 2.5 bathrooms
  • 11 foot natural quartz slab kitchen island
  • Natural quartz slab countertops and full height kitchen backsplash
  • 48 inch Professional Series Thermador gas range, ventilation, refrigerator and dishwasher
  • Custom built-in dining room server with natural walnut slab top
  • Integrated home office/workspace
  • Porcelain, hand glazed ceramic and natural limestone bathroom tiles
  • Remote control venting skylights
  • 9.5 foot ceiling
  • Private rooftop deck with gas, electricity and water
  • 2,349 square feet*

* per graphic artist

See more at: TheGemSF.com

Showings

Suzanne Gregg

415.816.9133 [email protected]

Mike Basham 

415.794.0999 [email protected]

277-279 Monterey Blvd | SF

277-279 Monterey Blvd. A brand new duplex at the intersection of vibrant Glen Park village, numerous outdoor recreational opportunities, and commuter corridors to the Peninsula and East Bay. Located across tree-lined Monterey Boulevard from the historic Sunnyside Conservatory, walk to all neighborhood amenities, and enjoy an unobstructed panorama of the southern hills from the comfort of two well-appointed homes – you really can have it all!

Situated on the top two levels, 277 Monterey receives guests into an open concept living area and adjoining chef’s kitchen outfitted with 6-burner gas range and stainless appliances, punctuated by an oversize island perfect for gatherings. Side by side double doors invite a breath of fresh air on the terrace while taking in ribbons of twinkling lights in the distance. Opposite this entertaining space, a private sanctuary affords flexible use as a media lounge, rumpus room, or guest quarters alongside a full bathroom. Ascending the staircase to the sky lit upper level, two additional bedrooms and a spacious master suite are crowned by an expansive rooftop deck with views clear to the San Francisco Bay.

279 Monterey unfolds on three levels and features three master suites separated by a highly functional full-floor living space, complete with large open-air terrace and bonus cellar fit for a private tasting room. The home’s layout affords generous privacy on the upper and lower levels. Entertaining under the clear blue sky or starry night, the extra deep yard offers endless possibilities for seating areas, sport courts, raised gardens and creature comforts.

Property includes garage parking for two vehicles.

Buyer to investigate property’s eligibility for bypass condo conversion following Tenancy In Common formation and one year owner-occupancy of each unit.

Offered at $3,190,000

Napa Valley Real Estate Report June 2018

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Napa’s May single family homes sold prices were pretty much unchanged from April’s ($724,000 vs. $725,000) and still show a healthy 5.3% increase over last year’s prices.

The number of new single family home listings on the market year-to-date is the lowest in three years: 472 -> 430 -> 410.

Sales are also down, by 10%. Condo/townhome listings year-to-date are the lowest in three years as are the number of sales.

Single Family Homes:
The three-month rolling average median sales price of $715,00 is up 5.3% over last year’s.

Year-to-date, new listings are down 4.7% while sales are down 6.7%.

May’s inventory of 2.5 months is 9.7% lower than in 2017.

The median percent of list price received was 97% in May

Condominium/Townhomes:
The three-month rolling average median sales price of $452.667 is down 10% over last year’s.

Year-to-date, new listings are down 13% while sales were down 8.5%.

May’s inventory of 1.9 months is 12% lower than in 2017.

The median percent of list price received was 98% in May.