The New Year Should Bring New Opportunities for Bay Area Home Buyers

The New Year Should Bring New Opportunities for Bay Area Home Buyers

Bay Area home sales were up by 1 percent year over year in 2018, while the median price rose by 12 percent. Compass Chief Economist Selma Hepp weighs in on December and overall 2018 market activity.

Read More

Napa Lighted Art Festival Starts This Weekend - Jan 12-20th

Napa Lighted Art Festival Starts This Weekend - Jan 12-20th

Napa does Art After Dark! FREE to the public, this 9-day festival features iconic architecture that becomes the painting in this unique lighted art walk. Napa Valley’s majestic hot air balloons will be uniquely displayed as part of this year’s Art After Dark experience. Several tethered hot air balloons will light up the sky at Oxbow Commons on both weekends of the festival. You won’t want to miss this stunning light show! 

Read More

Napa Valley Open Houses This Weekend: Jan 12-13

Napa Valley Open Houses This Weekend: Jan 12-13

The Napa market is bustling with 37 homes open this weekend. Here, I have put together a list of this weekend’s open homes in the Napa Valley. Contact me if you need a buyer’s agent in Napa with extensive knowledge of the local market or would like additional information on any of the homes in this collection.

Read More

Pacific Union Joins Compass

Pacific Union Joins Compass

REAL Trends currently ranks Pacific Union as the No. 5 residential real estate brokerage in America and the No. 1 independent brokerage in California based on 2017 sales volume of $14.1 billion. With the addition of Pacific Union, Compass’ national team will grow to over 6,400 real estate professionals representing $28 billion in sales volume in 2017.

Read More

You had better move fast if you want to buy a home in these spots

You had better move fast if you want to buy a home in these spots

Burlingame tops the list with homes in San Mateo County selling in an average of 13 days in the second quarter. Over the past three years, Burlingame homes have never stayed on the market longer than 24 days. Check out all of the Bay Area's fastest-paced housing markets on the Pacific Union Blog.

Read More

Are Bay Area Housing Markets Getting the Jitters? June’s Median Price Growth Does Not Suggest So.

The Bay Area’s median home price rose by 16 percent from June 2017, ranging from 9 percent growth in San Francisco to a 23 percent gain in Santa Clara County. Continue reading for more stats.

Read More

Kim's June/July 2018 Newsletter

Kim's June/July 2018 Newsletter

My monthly newsletter brings you updates on the Napa real estate market, relevant articles, news on local events and much more!  Click on the link above to check out the first issue and subscribe to receive them emailed to your inbox. 

Read More

Napa Farmers Market Opens Saturday, April 7th

Napa Farmers Market Opens Saturday, April 7th

Napa, CA (March 14, 2018) — Responding to demand, the lively Napa Farmers Market opening day is earlier than ever, on Saturday, April 7th. But that’s not the only change for the market, located in South Napa Century Center, near the Cinemark Theater and In-Shape Fitness Center. The board of directors is making several adjustments or additions to make the market even more accessible, more exciting and more fun including, a shift in hours, the addition of live music and several new vendors and educational programs.

Read More

Bay Area Luxury Home Sales Doubled in February

Executive Summary:

  • Sales of Bay Area homes priced above $3 million doubled in February, with most local regions posting large gains.
  • Sales of homes priced higher than $1 million also continued to grow.
  • Regionally, East Bay sales slowed, while Silicon Valley and the Wine Country saw more sales this February.
  • The Bay Area median price jumped another 16 percent year over year, though high-end sales drove a large part of the increase.
  • Buyer demand is not abating amid market challenges. Seven in 10 Bay Area homes sold for more than asking price, with the average premium increasing to 12 percent, up from 8 percent premiums observed in the last two Februarys.
  • Thirty-year, fixed-rate mortgages reached 4.46 percent as of March 8, 2018 according to a Freddie Mac survey, the highest since the spring of 2014.

California, Bay Area Home Price Growth Continues to Outpace U.S. Rate

  • Home prices in the San Francisco metropolitan area and California grew by a respective 8.9 percent and 8.0 percent in November on an annual basis.
  • California home prices are projected to increase by 8.4 percent year over year by November 2018, compared with a forecast of 4.2 percent appreciation nationwide.
  • Affordability is not projected to improve in the coming year barring a significant uptick in new construction.

While U.S. home price appreciation is expected to moderate in the coming year, price growth in California should increase slightly, putting it at double the national rate by the end of 2018.