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The Wise Realtor – 3 Topics – San Francisco Real Estate SF Sales and Loans

WEBSITE: WWW.AGENTSANFRANCISCO.COM
415-796-0086 – HECTOR ALDANA

My name is Hector Aldana
I am a real estate broker in The San Francisco Bay Area since 1994, I am current luxury home listing expert and independent mortgage loan originator. I represent buyers and sellers and people needing finance.

This is my very first three points video and encourage you to subscribe to my Youtube & Vimeo Channels and register to my the market watch reports on the Agent San Francisco website. The links are posted below.

The Wise Realtor – 3 Topics – San Francisco Real Estate Agents SF Sales and Loans
The Wise Realtor – 3 Topics – San Francisco Real Estate Agents SF Sales and Loans
What are 3 points videos?

Three points video will feature three topics regarding current real estate subjects within San Francisco and the San Francisco Bay Area. The videos will be uploaded weekly, and will be supported by real estate property sold, active, and new listing MLS data coupled with detailed statistical market watch reports. All of the reports are updated daily, weekly and monthly. So again subscribe, register on the website and stay tuned.

Today we will be discussing

1 The current 2017 Home / Condo year closings statistics such as Median Home prices, sales to price ratios, median days on the market and overall inventory.
2 Current market Interest rate on 30 year fixes and forecasting where the rate may go in 2018 , And
3 We are going to most expense condo listing in the San Francisco. 181 Fremont Street San Francisco
The Wiser Realtor – 3 Topics – San Francisco Real Estate SF Sales and Loans
The Wiser Realtor – 3 Topics – San Francisco Real Estate SF Sales and Loans

Point 1
So what are the current 2017 Home/Condo statistics?
The Mean Home / Condo Price in Nov 2017 was $1,325,000.00. Over a 6 month period there has been a 4% rise in sales prices. The market is mildly still on the increase and listing and sold prices mildly continue to push up.

Sales to list price ratio was 109.7% meaning that homes sold 9.7% over the asking price. What does this indicate, it indicates short supply market and plenty of buyers. Real Estate agents representing buyers still cannot find what their buyers want due to low supply hence a 9.7% increase in sales to listing prices.

Listing inventory has remained slightly short at 485 Sold listings as of November, Six months ago 509 listings were sold, so we had more supply 6 months ago then we do now.

In Summation: The current low interest rates on 30 year and adjustable loan programs and high demand coupled with low supply of housing is still the driving force in this local real estate economy and it continues to be a mildly and uniquely hot market.

The Wiser Realtor – 3 Topics – San Francisco Real Estate SF Sales and Loans
The Wiser Realtor – 3 Topics – San Francisco Real Estate SF Sales and Loans
Point 2
Although, still in the 3’s The current 30 year term rate is pushing from mid to high 3% onto 4% on a straight 30 year conventional fixed for the Month of December 2017 we see a 1/8 to 1/4% price jump with some lenders, although if we trace the current trends from the Dec 2016 30 year graph it seems to be following the same pattern this year. Right after a slight increase in rate in Dec of 2016, The 30 year rate dropped about 1/4 point, consecutively in Jan / 2017 and we may be seeing the same trend again in January 2018. So the 30 year rate may drop a bit the first quarter of 2018. That being said, the long range forecast on the 30 year fixed may increase.

Currently lenders are coming out with more Adjustable loans programs indicating a possible shift in our market. The question is what are the lenders anticipating? Why are they coming out with more adjustable products? Are they anticipating a jump in the 30 year rate where borrowers will not be able to qualify and then offer them an adjustable loan program for qualifying purposes as the adjustable programs traditionally have lower interest rates then the 30 year fixed as a solution to a possible rate hike? Maybe, Maybe not? But the fact is is that I am seeing lenders coming out with more adjustable products which begs the question… So word to the wise keep an eye out for possible rate hikes in the coming year, but don’t miss the current rates the first quarter of 2018.

The Wiser Realtor – 3 Topics – San Francisco Real Estate SF Sales and Loans
The Wiser Realtor – 3 Topics – San Francisco Real Estate SF Sales and Loans

The Wise Realtor – 3 Topics – San Francisco Real Estate SF Sales and Loans

Point 3
Today we will be looking at one of the most expense condos in San Francisco
181 Fremont Street ,San Francisco, CA 94115
This condo is priced at $4-$42 Million
Catch this The HOA fee is $2,000-3000 / month and
This property is 1200-7000 SF Condo In the SOMA district. East Cut
The small details at 181 Fremont’s luxury condos paint a larger picture of a life lived in incredible lavishness
Inside and out, every detail is meticulously designed and considered. Classical materials inspired 181 Fremont’s luxurious interiors. The desire was to create a sense of natural comfort with the surroundings, accentuated with touches of the extraordinary.
A global expedition set out to source the finest materials and finishes for 181 Fremont Residences. Inside and out, every detail has been meticulously designed and considered. Classical materials used in fresh, modern ways was the objective with 181 Fremont’s luxurious interiors. The desire was to create a sense of natural comfort with the surroundings, accentuated with touches of the extraordinary.
The kitchens at 181 Fremont were designed to be as beautiful as they are functional, with Valcucine glass cabinets crafted in Italy and making their West Coast debut. Select kitchens can be hidden from sight on a whim with a set of ceruse-ebonized oak sliding panels.

So this concludes my first three points video, with many more to come. We covered market watch real estate statics in San Francisco, We covered the 30 year rate and its current trends and finally we got to look to look at one stunning condo.

If you want more reports daily, weekly or monthly, Go to hit the subscribe button and register to receive market watch reports in San Francisco and I will send you tow books that I wrote for free. 1) Understanding Loan FEES and 2) Understanding the loan process. The links are listed below.

If by chance you need a real estate broker to represent you in a purchase or listing or wish to do a real estate home loan refinance in California drop me an email. My contact information is on my website or dial 415-796-0086

The Wise Realtor – 3 Topics – San Francisco Real Estate SF Sales and Loans

The Wiser Realtor – 3 Topics – San Francisco Real Estate SF Sales and Loans
The Wiser Realtor – 3 Topics – San Francisco Real Estate SF Sales and Loans
DISCLOSURES:
Please consult your attorney. The topics put forth in this video are merely suggestions backed by third party MLS and property tax data, although we do not guarantee or warranty any of the suggestions in this video. Please consult your attorney, CPA or tax person.
©2017 Agent San Francisco- All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. I do not warranty or guarantee any data or conclusions, so please do your own research before you purchase, sell or list a property and consult your own attorney. This video is based only on observations of the current market and may not be conclusively correct and subject to instantaneous changes in market conditions. AGENT SAN FRANCISCO IS A CALBRE LICENSED BROKERAGE LIC #01173770 | NMLS #1425778 & 1203203
All rights reserved.

Thank you Casey Neistat for the encouragement and instruction to create this video