Bay Area, Los Angeles Home Values Rise by Six Figures over the past decade Thanks in part to plentiful, high-paying tech jobs, home values in major California cities have skyrocketed over the past 10 years, with Silicon Valley putting up the largest such gain in America. Read the full article@bethanywpatten
We are pleased to announce the 12 remarkable charity beneficiaries of the Community Giving Fund for 2019. These organizations are devoted to helping those in our Southern California community, and we are proud to be a part of their vital efforts. Starting this year, every dollar donated to the Community Giving Fund via agent transactions will be matched by Compass Cares. View full detail@bethanywpatten
California Homebuyers Enjoy the Lowest Mortgage Rates in America Although California claimed four of the nation’s five most expensive real estate markets in the fourth quarter, homebuyers here at least have a shot at scoring the lowest average mortgage rates in the country. View full detail@bethanywpatten
Nationwide, homebuyers had more properties to choose from in the fourth quarter than they did a year ago, while major California housing markets saw price growth moderate.
The median price for an existing U.S. single-family home was $257,600 as of the fourth quarter, up by 4.0 percent year over year.
U.S. home price growth outpaced annual appreciation in the San Francisco metropolitan area, while San Jose saw home prices fall from the fourth quarter of 2017.
Despite cooling price growth, San Francisco and San Jose remain America’s most expensive housing markets.
Home price reductions, sales changes, and median price changes in the Bay Area, June 2016 through January 2019. California housing markets are at a critical juncture at the beginning of 2019. After experiencing the tightest market conditions seen over the past three years in the first half of 2018, the number of homes sold in the Bay Area and Los Angeles has continuously declined since mid-2018. In January 2019, the year-over-year decrease in home sales continued at double-digit-percent rates, with the three-month average decline in the Bay Area at 16 percent and Los Angeles down by 18 percent. In other words, over the last three months, about 1,100 fewer units sold on average per month than last year in Los Angeles, while the Bay Area averaged about 700 fewer sales. Sellers have noticed the cooling buyer demand, which has led them to change their pricing expectations. But even with more price reductions, added inventory, and lower mortgage rates, buyers are not as confident as they were last spring. View full detail @bethanywpatten
Yes, the Bay Area's most expensive home—asking $45 million—is as over-the-top as you'd expect
At the Bay Area's most expensive house, the welcome mat may as well read If you've got, it flaunt it. Asking $45 million, Residence 950, as it is called—which kisses the sky from atop Russian Hill—does just so. It is the very definition of a compound: At 9,500 square feet, it has all the stunning architecture and proverbially gilded amenities you'd expect.
Concerned about the safety of your fancy AF house? Worry not, as this abode is protected by a Siedle Steel electronic entry system with a keypad and biometric access. From what we can tell, the only thing it's missing is you. View full detail@bethanywpatten
WEEKEND OPEN HOUSE! Feb. 9th, Saturday & 10th, Sunday. From 2:00 pm - 4:00 pm. CALL me TODAY 415-235-9077. This Full-Floor plus office condo has quintessential San Francisco appeal. And is ideally located in the Heart of the Mission and features a beautifully landscaped, quiet backyard that is truly an oasis in the middle of the city. View full detail @bethanywpatten
TUESDAY OPEN HOUSE! Feb. 5th, from 2:30 pm - 4:00 pm. CALL me TODAY 415-235-9077. This Full-Floor plus office condo has quintessential San Francisco appeal. And is ideally located in the Heart of the Mission and features a beautifully landscaped, quiet backyard that is truly an oasis in the middle of the city. View full detail@bethanywpatten
WEEKEND OPEN HOUSES! Feb. 2nd, Saturday from 2-4 pm. And Superbowl Sunday, Feb. 3rd from 1-3 pm. This Full-Floor plus office condo has quintessential San Francisco appeal. And is ideally located in the Heart of the Mission and features a beautifully landscaped, quiet backyard that is truly an oasis in the middle of the city. CALL me TODAY 415-235-9077. View full detail@bethanywpatten
