January 2018 Northern California Fiduciary Real Estate Market Report

To keep you informed and making the best decisions for your fiduciary clients with Northern California Real Estate, below are links to my up-to-the-minute Northern California Fiduciary Real Estate Market Report for January 2018 for Alameda, San Francisco, Contra Costa, San Mateo, Santa Clara, Marin and Sonoma Counties. For immediate information on properties in other Northern California counties please let me know directly.

This monthly report includes links to detailed county-by-county and city-by-city analysis of the current real estate market trends impacting fiduciaries in each of these areas, as well as an in-depth analysis of the current mortgage lending market.

Following this report are just a few recent case studies of successful fiduciary real property sales to keep you learning and in the know as it relates to one of your clients’ largest assets.

January 2018 Northern California Fiduciary Real Estate Market Report

ALAMEDA COUNTY
Prices Continue Rising
– Although the average price for single-family, re-sale homes in Alameda County slipped a bit in November after setting a new record high in October, it was still up 14.7% year-over-year. That was the sixth month in a row of double-digit gains. The median price jumped 15.2% year-over-year and is just shy of the record high of $925,000 reached in August. The median price has been higher than the year before every month since January 2012!

See more of the report…

CONTRA COSTA COUNTY
Prices Continue Rising – Prices for single-family, re-sale homes were up double-digits for the second month in a row in November. The average price gained 10.5%, year-over-year. The median price was up 10.4%. The average price for condominiums backed off slightly from the all-time high in October. Nevertheless, it was up 13.5% year-over-year. The median price was up 10.7%

See more of the report…

SAN FRANCISCO COUNTY
Condo/Townhome Prices Set New Highs – The median price of condos/townhomes gained 31.2% over last November. The average price was up 27.3% year-over-year. Home prices, on the other hand, slipped from the record high they made in October. Nevertheless, the median price for single-family, re-sale homes was up 33% over last November. The average priced gained 21%. Multiple offers continue to be the norm. The sales price to list price ratio, or what buyers are paying over what sellers are asking remains at triple digits: 111.5% for homes and 103.9% for condos/townhomes.

See more of the report…

SANTA CLARA COUNTY
Prices Set New All-Time Highs, Again – Prices for both single-family, re-sale homes and condos jumped by double-digits in November to set new all-time highs for the second month in a row. That’s the sixth month in a row the median price has been higher than the year before by double-digits. The average price was up by double-digits for the fifth month in a row. The median price for homes jumped 27.6% over last November. At $1,288,500, the median price surged over the previous high of $1,220,000 set in October.

See more of the report…

SAN MATEO COUNTY
Condo Prices Set New All-Time Highs – Prices for condominiums set new highs in San Mateo County in November. The average price for condos went over $1,000,000 for the first time ever: $1,007,220. The median price went over $900,000: $920,000. The median price for single-family, re-sale homes backed off the all-time high set in October. It fell a whopping $10,000 to $1,500,000.

See more of the report…

MARIN COUNTY
Home Prices & Sales Rise – The median price for single-family, re-sale homes was $1,223,500 in November, a gain of 16. 15 year-over-year. The average price gained 14%. Home sales surged last month, jumping 37.1% over last year. Year-to-date, home sales are up 1.2%. The median price for condos gained 10.4% year-over-year. The average price was up 2.4%. Condo sales were off 17.7% and are down 1.6% year-to-date.

See more of the report…

SONOMA COUNTY
Home Prices & Sales Rise – The median price for single-family, re-sale homes was $1,223,500 in November, a gain of 16. 15 year-over-year. The average price gained 14%. Home sales surged last month, jumping 37.1% over last year. Year-to-date, home sales are up 1.2%. The median price for condos gained 10.4% year-over-year. The average price was up 2.4%.

See more of the report…

RECENT NORTHERN CALIFORNIA FIDUCIARY CASE STUDIES

Alameda County Trust Sale – Just Sold – 475 Mountain Ave, Piedmont – Listed for $1,529,000, Just Sold for $1,765,000 (15% over asking) in Three Weeks with Multiple Offers. I provided all market analysis, title clearance, disclosure completion, property preparation, staging, marketing and negotiation for professional trustee selling family home on behalf of special needs trust beneficiary.

Contra Costa County Trust Sale – 1528-1530 Brooks Street, Walnut Creek – Listed for $1,219,000, Just Sold for $1,280,000 (5% over asking) in Three Weeks with Multiple Offers! – Rare Walnut Creek Duplex. I provided all market analysis, title clearance, disclosure completion, property preparation, tenant liaison, permit history verification, marketing and negotiations for trust department of major financial institution selling on behalf of trust beneficiaries.

San Francisco County Trust Sale – Just Sold – 314 Felton Street, San Francisco (Portola District) – Listed for $848,000, Just Sold for $1,030,000 (21% over asking) in 3 Weeks with Multiple Offers. I provided all market analysis, title clearance, disclosure completion, property preparation, marketing and negotiations for family trustees selling their beloved original-condition family home.

For more information on how you can achieve similar effective results for your fiduciary client’s Northern California Real Estate, please contact me directly.

Contact: Andrew de Vries, MBA, Licensed Real Estate Broker – 415-664-9175 ext. 277, andrew@probateagent.com

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