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.

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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.

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What do you think of the Benjamin Moore Color of the Year 2019?

What do you think of the Benjamin Moore Color of the Year 2019?

It’s all about neutrals in Benjamin Moore’s 2019 collection. Classic, simple, elegant, chic. Just the way I like it. Add a perfect pop of color with the Beau Green. Pure sophistication!

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State of the U.S. Housing Market August 2018

Pacific Union's Chief Economist summarizes the key points from the housing conference where chief economists participated. Among the key points include the prediction that the home price drop seen in 2008 will not repeat since today’s conditions are very different - no subprime lending, speculation or overbuilding like we saw last time.  Read the rest of the key points here.

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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.

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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.

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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.

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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. 

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Napa County 2018 1st Quarter Market Update

Napa County's housing market activity got off to a strong start in 2018.  Inventory remains low and buyers are looking to enter the market before interest rates go up.  Contact me for a free home valuation should you be considering selling or if you are looking to buy.

2018 Quarterly Market Update

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.

Gallo buys legendary Stagecoach Vineyard

E. & J. Gallo, the world's largest family-owned wine company, continues to see premium wine as the future. Wine Spectator has learned that the company has agreed to buy Stagecoach Vineyard, a 1,300-acre site on Pritchard Hill in Napa Valley. The rocky hillside site has 600 planted acres of vines in an area increasingly recognized for producing quality fruit. It is also the largest contiguous vineyard in Napa at a time when vineyard land is becoming more and more precious.

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