Monday, September 28, 2015

More Pacific Union Accolades

Well, in a continuation of the ongoing accolades Pacific Union regularly receives, the firm has just been acknowledged as the third largest residential brokerage in the entire Bay Area. This is a further detail of the earlier proclamation of the firm as 9th largest in the nation.
The San Francisco Business Times recently ranked Pacific Union as the third-largest residential real estate brokerage in the Bay Area, the latest industry accolade our company has received thus far in 2015.
Pacific Union’s 2014 sales volume of $6.79 billion places our company No. 3 on the publication’s list of the 25 largest Bay Area residential real estate brokerages. Our firm currently has about 660 real estate professionals, 27-percent fewer than the No. 2 brokerage and 90 percent fewer than the No. 1 brokerage. Pacific Union professionals sold a total of 5,382 Bay Area properties in 2014, the third most of any firm named to the list.
Earlier this year, REAL Trends ranked our company as the ninth largest brokerage in the United States based on 2014 sales volume. REAL Trends also named 25 of our real estate professionals among the country’s top 250 for sales. Most recently, Pacific Union was named to the prestigious Inc. 5000 list for the third consecutive year, having moved up the rankings more than 1,000 spots since 2013.

Friday, September 18, 2015

SF Area Still Hottest Property Market in Nation

Well, it's nothing you probably didn't know, but, if you own property here, it still feels good.  For the third consecutive month, the San Francisco area market is the hottest in the nation! That tops the Big Apple, LA, Boston and any other area you want to compare with.  If you own real estate in the area, then your personal net worth likely has again shown an increase.  That always feels good, and let's face it, any time you can grow your financial health, particularly by doing nothing more than letting time go by, it's a good thing.
Bay Area cities rank among the nation’s hottest real estate markets, according to a new report, confirming the suspicions of homebuyers, who have had to act fast and stretch their spending limits to get in on the action.
For the third month in a row, researchers at found that home listings in the San Francisco metro area, including Oakland and Hayward, attracted the most attention and commanded the highest prices in the United States. Vallejo wasn’t far behind at No. 4 in the nation, with Santa Rosa fifth and San Jose sixth.
In all, 11 California cities were among the nation’s 20 hottest housing markets.
The top 20 markets captured up to three times the number of views per listing than the national average, said. Homes in those places sold in 29 to 48 days, compared with the national average of 75 days, and the number of days on the market dropped by an average of 13 percent year over year.
In San Francisco, homes sold in just 29 days, with a median list price of $748,000. Homes in Vallejo and nearby Fairfield sold in 39 days for a median of $378,000, and 41 days in Santa Rosa for a median of $579,000. In the San Jose area, including Sunnyvale and Santa Clara, homes sold in 27 days for a median price of $898,000, making it the most expensive of the 20 hottest housing markets.
Nationwide, homebuyers may have gained a bit more leverage in the housing market in August, researchers at reported. As the last few weeks of summer wound down, the market tipped toward buyers’ favor.
“We are now entering the time of the year when both inventory and demand typically reach their peaks, as the start of the school year takes away a substantial chunk of near-term demand,” Chief Economist Jonathan Smoke said in a statement accompanying the data. “This year we’re seeing inventory continue to grow in August. And while overall demand is strong, the trend on median days on market is suggesting that the market is finding more of a balance — and that bodes well for would-be buyers who have been frustrated by the inability to find a home to buy this spring and summer.”
During the first three weeks of August, the inventory of U.S. homes for sale rose 3 percent from a month earlier. Median list prices nationwide rose 8 percent year over year to $233,000, and the median days on the market of home listings edged higher.
Have any question about the market or your own real property? Give us a call! We'd be happy to advise or assist. Peter: (415) 279-6466; Jane: (415) 531-4091.