Home > Blogs > MarketWatch - Oggi Kashi
76,922 views

MarketWatch - Oggi Kashi

San Francisco and Marin County Market News, Data, Trends & Events

By Oggi Kashi | Agent in San Francisco, CA
  • San Francisco's Most Expensive Condo Buildings

    Posted Under: Market Conditions in San Francisco, Home Buying in San Francisco, Home Selling in San Francisco  |  July 7, 2014 5:21 PM  |  120 views  |  No comments
    Here one can see the impact of newer, luxury high-rise buildings such as the 4 Seasons, the Millennium and the Infinity Towers, all located in the greater South Beach-Yerba Buena area. However, this list ranks only the largest condo buildings and since many of the condos in the older neighborhoods are in much smaller buildings, they won't show up here even though they have extremely high values as well. Besides location, premium services and expensive amenities, probably the most common element of luxury condos in San Francisco is spectacular views, which can add hundreds of thousands or even millions of dollars to the sales price. (The city's most expensive condo sale ever - a penthouse at the St. Regis - closed for $28m in 2011.) For more stats and charts visit SF Luxury.





    Oggi Kashi

    Broker Associate  - DRE 1844627

    Go Mobile
      |  SF Search  | Marin Search | SF Market | Sign up | Showing | Selling | Buying

    PARAGON  REAL  ESTATE  GROUP  | 1400 Van Ness Ave | SAN FRANCISCO CA  94109


    All data from sources deemed reliable but subject to errors and omissions, and not warranted.
    © Oggi Kashi, Paragon Real Estate Group 2014.  
    All rights reserved.

  • Percentages of Overall Sales Over/Under List Price in San Francisco, May 2014

    Posted Under: Market Conditions in San Francisco, Home Buying in San Francisco, Home Selling in San Francisco  |  June 13, 2014 9:45 AM  |  169 views  |  2 comments


    Oggi Kashi

    Broker Associate  - DRE 1844627

    Go Mobile
      |  SF Search  | Marin Search | SF Market | Sign up | Showing | Selling | Buying

    PARAGON  REAL  ESTATE  GROUP  | 1400 Van Ness Ave | SAN FRANCISCO CA  94109


    All data from sources deemed reliable but subject to errors and omissions, and not warranted.
    © Oggi Kashi, Paragon Real Estate Group 2014.  
    All rights reserved.

  • Percentages of Sales Over/Under List Price in San Francisco, May 2014

    Posted Under: Market Conditions, Home Buying, Home Selling  |  June 13, 2014 9:39 AM  |  109 views  |  No comments

    Percentages of Sales Over/Under List Price May 2014




    Oggi Kashi

    Broker Associate  - DRE 1844627

    Go Mobile
      |  SF Search  | Marin Search | SF Market | Sign up | Showing | Selling | Buying

    PARAGON  REAL  ESTATE  GROUP  | 1400 Van Ness Ave | SAN FRANCISCO CA  94109


    All data from sources deemed reliable but subject to errors and omissions, and not warranted.
    © Oggi Kashi, Paragon Real Estate Group 2014.  
    All rights reserved.

  • San Francisco Market is Getting Younger and Wealthier

    Posted Under: Market Conditions in San Francisco, Home Buying in San Francisco, Home Selling in San Francisco  |  May 2, 2014 1:07 PM  |  325 views  |  No comments

    Here is a snapshot of market dynamics for the past 24 months using Paragon transaction stats and clientele surveys. Please consider all percentages approximate.

    San Francisco Home Sellers:

    • 60% are selling to relocate outside of San Francisco: The main reasons, in order of prevalence, are schools, affordability (the ability to buy more home for the money elsewhere), job-related reasons (relocation, commute) and retirement.
    • 15% involve trust, probate or investor sales, or people moving into rentals or retirement homes, and no new home purchase is involved.
    • 25% are selling in order to buy another property within the city, upgrading to a more expensive home or downsizing to a smaller home, or a divorce is involved.

    Conclusion - Perhaps the biggest reasons for selling is to relocate for better public schools outside SF or to save money by enrolling children in suburban public instead of city private schools; high prices are motivating some city homeowners to cash out to buy bigger/better elsewhere; frenzied market conditions are discouraging homeowners who might otherwise sell to buy other (larger, better) homes within the city – many of these homeowners are staying put out of trepidation or financial inability.


    San Francisco Home Buyers:

    • 50% are first-time buyers - very high percentage. In the U.S. the percentage is about 30%.
    • The average age of SF home buyers is generally trending younger and is currently somewhere in the mid-thirties.
    • 47% of SF home buyers are employed in high tech. This is a distinctly San Francisco phenomenon related to the first 2 points above: An influx of relatively young, often newly affluent, high-tech employed, often first-time buyers – who can afford SF home prices – are playing a decisive role in the market.
    • 20% of prospective SF home buyers have become discouraged and given up on buying in the city, due to the competitive environment and rapidly appreciating prices.
    • 26% of homes are being purchased via “all cash” offers, though many of these offers are structured this way solely for strategic reasons to get their offers accepted in an exceedingly competitive environment. That is, many of these buyers end up getting loans either before or immediately after close of escrow.

    Conclusion - The market is getting younger and wealthier. Younger buyers who are still getting more affluent and moving into different phases of their lives, often through growing families, are more likely to sell sooner than older buyers. Older homeowners are often relocating for retirement reasons or via trust/probate sales. There’s a generational shift occurring in the city.

    Oggi Kashi

    Broker Associate  - DRE 1844627

    Go Mobile  |  SF Search  | Marin Search | SF Market | Sign up | Showing | Selling | Buying

    PARAGON  REAL  ESTATE  GROUP  | 1400 Van Ness Ave | SAN FRANCISCO CA  94109

     Â 


    All data from sources deemed reliable but subject to errors and omissions, and not warranted.
    © Oggi Kashi, Paragon Real Estate Group 2014.  All rights reserved.

  • San Francisco Real Estate Market 2013 3rd Quarter

    Posted Under: Market Conditions in San Francisco, Home Buying in San Francisco, Home Selling in San Francisco  |  October 21, 2013 11:12 AM  |  600 views  |  No comments
    It's not unusual for median prices to fall in the first and third quarters (affected by winter and summer holidays) and rise in the second and fourth quarters (prime spring and autumn selling seasons). This is what happened in this past third quarter and it typically has more to do with seasonal factors than changes in market values. Click image for more info.




    Go Mobile  |  SF Listings | Marin Listings

    Oggi Kashi

    Broker Associate  - DRE 1844627

    SF Search  | Marin Search | SF Market | Sign up | Showing | Selling | Buying

    PARAGON  REAL  ESTATE  GROUP  | 1400 Van Ness Ave | SAN FRANCISCO CA  94109

     
     


    All data from sources deemed reliable but subject to errors and omissions, and not warranted.
    © Oggi Kashi, Paragon Real Estate Group 2013.  All rights reserved.


    --

  • Marin, Napa & Sonoma Home Markets 2013 3rd Quarter

    Posted Under: Market Conditions, Home Buying, Home Selling  |  October 21, 2013 8:59 AM  |  426 views  |  No comments
    North Bay Market Snapshot
    As is not unusual, the third quarter (summer) was not quite as active as the second quarter (spring), but was still very strong by any measure. Click image for more details.





    Go Mobile  |  SF Listings | Marin Listings

    Oggi Kashi

    Broker Associate  - DRE 1844627

    SF Search  | Marin Search | SF Market | Sign up | Showing | Selling | Buying

    PARAGON  REAL  ESTATE  GROUP  | 1400 Van Ness Ave | SAN FRANCISCO CA  94109

     
     


    All data from sources deemed reliable but subject to errors and omissions, and not warranted.
    © Oggi Kashi, Paragon Real Estate Group 2013.  All rights reserved.


    --

  • Effect of Shutdown/Default Worries on the SF Market

    Posted Under: Market Conditions in San Francisco, Home Buying in San Francisco, Home Selling in San Francisco  |  October 14, 2013 12:16 PM  |  552 views  |  No comments
    This may not hold true for all neighborhoods or property types however, the U.S. government shutdown and the escalation of concerns about the debt limit/possible default has drastically affected San Francisco market activity as measured by the percentage of listings accepting offers – as in a drop of approximately 50% from normal levels. Of course, this might be a short-term transitory effect that will disappear if these issues are resolved soon, as we certainly hope they are.




    Click image to view full size. 

    Go Mobile  |  SF Listings | Marin Listings

    Oggi Kashi

    Broker Associate  - DRE 1844627

    SF Search  | Marin Search | SF Market | Sign up | Showing | Selling | Buying

    PARAGON  REAL  ESTATE  GROUP  | 1400 Van Ness Ave | SAN FRANCISCO CA  94109

     
     


    All data from sources deemed reliable but subject to errors and omissions, and not warranted.
    © Oggi Kashi, Paragon Real Estate Group 2013.  All rights reserved.


    --

« Read older posts
 
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer