Maggie’s Market Minute: February 2022

2021 was one of the most frenzied real estate markets ever, with home price appreciation trends reflecting a severe imbalance between supply and demand. As is the normal seasonal trend, we experienced very low sales volume in January as a result of a substantial drop in listings mid-November through early January. What’s in store for the rest of 2022? Below are a few economic indicators that could have an impact on the real estate market. Doom and gloom? Employment, GDP, and household-wealth indicators are quite positive; by historical standards, interest rates remain very low and stock markets very high; and COVID infections are falling fast. The Bay Area is home to many of the world’s most innovative and successful companies; there is an enormous concentration of local wealth; and a staggering amount of money sloshing around the economy looking for somewhere to invest. Many believe real estate to be an excellent hedge against inflation, and an excellent long-term investment generally (heightened by tax advantages). 2022 started off very strong The number of new listings for sale is at the highest level since 2010. ……but what comes on the market sells very quickly. Demand has become so strong, and the listings have sold so fast for so long……… We have a velocity issue  So if you're in the market to buy, it's now more important than ever to get your financing sorted out if you'd like to compete. For a complete update on market activity, please click this link.  Are you, or someone you know, ready to move to what's next? Let me know - I can help. Keep well, Maggie Maggie Visser Top 4% SF Realtor DRE: 01925742 M: 415.793.3470 maggie@maggievisser.com marketingcenter-sfbayarea-sfcityproper

San Francisco Real Estate - February 2022 Report

Maggie Visser DRE #: 01925742 M: 415.793.3470 O: Enter Office Phone maggie.visser@compass.com marketingcenter-sfbayarea-sfcityproper

Don't wait......take the risk

It had been 3 years since I've last seen my family in South Africa.....so when Covid subsided last Fall, I booked my trip to go visit.   Two weeks before I was scheduled to leave..... The omicron variant was identified in South Africa Amidst fear, an onslaught of omicron-related travel bans from S-Africa, conflicting covid testing requirements, and flight cancellations, I took the risk and went. It was one of the best decisions I’ve ever made Spending time with family and feeling the sun on my face were just what I needed after a banner, but exhausting, year. And to boot, thankfully nobody in my family got sick. Meanwhile Back in SF Our friends and colleagues were getting Covid by the dozens and the city was getting pummeled by atmospheric rivers and rain storms. The lesson for me has always been the same……… You have to take a risk in order to get something good Don't wait for things to get better. Life will always be complicated. Take the risk. Whether you want to change careers, skydive, buy a home, go back to school, do it now or otherwise you'll run out of time.  “If you wait for tomorrow, tomorrow comes. If you don’t wait for tomorrow, tomorrow comes.”  - Senegalese Proverb Are you, or someone you know, ready to move to what's next? Don't wait - I can help. Keep well, Maggie Maggie Visser Top 4% SF Realtor DRE #: 01925742 M: 415.793.3470 maggie@maggievisser.com marketingcenter-sfbayarea-sfcityproper

6 Hottest Neighborhoods in the City

6 Hottest Neighborhoods in the City San Francisco has a diverse real estate market, with certain neighborhood experiencing bigger demand than others. Here are the 6 neighborhoods that had the highest overbidding in 2021 (Sales Price vs List Price Ratio) Curious about your neighborhood values? Click on the map below.  Are you, or someone you know, ready to move to what's next? Let me know - I can help. Keep well, Maggie Maggie Visser Top 4% SF Realtor DRE #: 01925742 M: 415.793.3470 maggie@maggievis marketingcenter-sfbayarea-sfcityproper

Maggie’s Market Minute: Strong Demand + Limited Supply = New Highs for 2021

Strong demand + limited supply = new highs for 2021 SF Real Estate Snapshot 2017 - 2021 2022 Time for a change?  If you're ready for a new home in the new year, let me know - I can help. Keep well, Maggie Maggie Visser Top 4% SF Realtor DRE #: 01925742 M: 415.793.3470 maggie@maggievis marketingcenter-sfbayarea-sfcityproper

2021 — A Year of Milestones

2021 A year of milestones Thank you for helping me get here. Last year I reached 2 huge milestones that I’m absolutely thrilled about: completing my 100th transaction and having my best year ever. Words aren’t enough to express my gratitude to my clients who have trusted me from the very beginning – from my very first client, Melanie, to my most recent clients, Romi & Brian.  All of this couldn’t have been possible without the support of you – my family, friends, clients, referral partners, vendors, assistants, mentors, managers, and more. I cannot thank you enough for getting me here and look forward to the next phase of the journey - it's going to be even better!  100 is just the beginning! A very special thanks to the following for recommending me to friends and family: Cheers to a Happy & Healthy 2022! Maggie Maggie Visser Top 4% SF Realtor DRE #: 01925742 M: 415.793.3470 maggie.visser@compass.com marketingcenter-sfbayarea-sfcityproper

Maggie's Market Minute: November 2021

Competing for a home may just have gotten a bit more challenging The pandemic travel ban has put a stop to most overseas buyers from purchasing properties for almost 2 years.  After travel restrictions to the US were lifted this week, wealthy foreign home buyers are anticipated to rush back in During the pandemic, buyers from abroad have gained much from investing in stock markets. The anticipated upside in demand will be especially beneficial to the high-end and luxury markets - such as San Francisco. California is second to Florida as the largest market for buyers outside the US, with 16% of the country’s total. If the thought of more competition makes you feel like throwing in the towel, there is good news..... Foreign buyers ideally want recently built properties and they like to be close to water.  This is great news for neighborhoods such as SoMa & Mission Bay - where the bulk of new construction is concentrated. Pre-Covid, approximately 30% of the home buyers in these neighborhoods were foreigners.  Office closings and Covid measures resulted in a disproportionate decline in demand in these neighborhoods.  Lifting the travel ban, t he surge of foreign buyers, and offices opening up next year, offer a great opportunity for a comeback of the neighborhoods south of Market. Are you, or someone you know, ready to move to what's next? Let me know - I can help. Keep well, Maggie Maggie Visser Top 4% SF Realtor DRE #: 01925742 M: 415.793.3470 O: Enter Office Phone maggie.visser@compass.com marketingcenter-sfbayarea-sfcityproper

Maggie's Market Minute: October 2021

One of the most common question I get...... Is the market slowing or cooling? All indications are that the real estate market has reverted back to seasonal norms pre-pandemic:   • A super-heated spring selling season • A cool-off and slowdown in the summer • A  bump-up in the fall, likely to be followed by  • A plunge mid-winter The early autumn rebound began with a surge of new listings in September This surge in new listings typically fuels a big jump in listings going into contract, which usually hits its peak in October. The market then rapidly slows to its mid-winter nadir. Since the pandemic hit, single family houses have seen a significant median sales price increase that accelerated and peaked in July while condo median sales price appreciation is basically unchanged since 2018 Are you, or someone you know, ready to move to what's next? Let me know - I can help. Keep well, Maggie Maggie Visser DRE #: 01925742 M: 415.793.3470 O: Enter Office Phone maggie.visser@compass.com marketingcenter-sfbayarea-sfcityproper

Discomfort

My daughter, Zoe, and I recently got back from our annual backpacking trip with a group of girlfriends. This year we hiked the Trinity Alps – a stunningly beautiful mountain, with crystal clear lakes and water that was warm enough that even I took a dip.  Our trip got off to a rocky start At 10pm the night before we hit the trail, I discovered that I left our tent at home. “Just come home” my husband advised “Do you really want to sleep outside and expose yourselves to mosquitos or worse, a bear?” Granted, our superlight tent offers protection against rain and mosquitos, but not much else…… So we set off on our trip as planned.  We all need our moments of blissful comfort (lots of them!), but.....while taking the safe route is always tempting It is the moments in our life where we are uncomfortable that we think, learn, change and creatively grow. Discomfort helps us build our inner strength and avoid regret. Even if we fail—which often happens—we will have an experience that we can draw upon in the future.….and avoiding regret is perhaps the most compelling reason we need to move out of our comfort zone. Happy Camping (with or without a tent)! -Maggie Maggie Visser DRE #: 01925742 M: 415.793.3470 O: Enter Office Phone maggie.visser@compass.com © Compass 2021 ¦ All Rights Reserved by Compass ¦ Made in NYC Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity. marketingcenter-sfbayarea-sfcityproper

Maggie's Market Minute: August 2021

In the first 6 months of 2021, over $6.7 billion in homes were sold in San Francisco - 49% above the previous peak in 2018. After the pandemic struck, the numbers of new listings and closed sales both climbed to 15-16 year highs. Single-family home median sales price reached new highs. The condo median sales price has ticked back up in 2021, but remains a little below its 2019 & 2020 peaks (on a 6-month rolling basis). Both houses and condos have seen soaring demand since the new year began. Houses are selling for approximately 17% over the asking price and condos are selling for 4% over the asking price. Much of the home appreciation has been filled by historic low interest rates. Typically, new listings climb in spring, fall in summer, spike up dramatically in early autumn, then plunge in mid-winter. Judging by the by the blast of new listings since Labor Day, it appears that we are back in this pre-pandemic norm. Just Listed! 1950 Gough Street, Unit 507 Pacific Heights Studio | 1 Bath Just Sold! 340 18th Avenue Central Richmond 2 Bed | 1 Bath Are you, or someone you know, ready to move to what's next? Let me know - I can help. Maggie Visser DRE #: 01925742 M: 415.793.3470 O: Enter Office Phone maggie.visser@compass.com marketingcenter-sfbayarea-sfcityproper

Maggie's Market Minute: July 2021 - Sales, Price, and Trends

San Francisco July 2021 Report: Sales, Prices, Trends July 2021. The second quarter of 2021 continued to see extremely high buyer demand competing for a limited inventory of listings for sales. Condo sales volume hit a new high. Luxury home sales also hit a new peak. However, market activity did begin to slow in June, down from spring selling season highs, which is a typical seasonal trend. Market Updates Maggie Visser DRE #: 01925742 M: 415.793.3470 O: Enter Office Phone maggie.visser@compass.com © Compass 2021 ¦ All Rights Reserved by Compass ¦ Made in NYC Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity. marketingcenter-sfbayarea-sfcityproper

Maggie's Market Minute: March Madness

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No one could have predicted it. “Not the economists, not the real estate agents, and especially not the nation’s homebuilders. But a pandemic caused an EMOTIONAL run on housing unlike any other." (CNBC) Thanks to COVID-19 Americans are on the move—again. In less than 12 months, panic selling, irrational buying, jittery markets, remote work, and the desire to get more space for less money in the middle of the ongoing pandemic have created one of the most frenzied and unpredictable real estate markets in a generation. (FORBES). The return of the 'foreign buyer'  Foreign buyers have returned to big cities seeking an opportunity. Fearful that the 'bargains' are eroding, they are stepping in now. How is this playing out in SF? Last week one of my clients lost out on a "panic-bought" home that the sellers acquired only 4 MONTHS ago. May clients' offer was $550,000 HIGHER than what it sold for 4 months ago........and they didn't win. Another client sold her home to buyers who live in Bali, never saw the home in-person and paid cash!  And if you think that it won't last, here is what Tim Quinlan (Wells Fargo) predict: "Consumer demand and trillions of dollars in built-up savings will propel economic growth in a manner that’s going to take people’s breaths away.”  Are you, or someone you know, ready to move to what's next? Let me know - I can help. Maggie Visser Moving you to what's next! DRE #: 01925742 415.793.3470 maggie.visser@compass.com

Success tastes sweeter when you've earned it!

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Maggie Visser Moving you to what's next! DRE #: 01925742 415.793.3470 maggie.visser@compass.com

There's a new man in my life

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There's a new man in my life. It was bound to happen. After 20 years of marriage, I was ready for a country boy to spice up my life.  Ben and I met 6 weeks ago and it's been a love affair ever since. He checks all the boxes..... He listens to me.  He's a fierce protector.  He weighs more than I do.  He loves food as much as I do.  Coming out of a 3.5 year relationship where he didn't feel appreciated, and a steady diet of CBD with as much food as he wanted, Ben was ready for a more active lifestyle. Getting showered with attention, and daily walks have gone a long way in helping him adjust to city life and ease some of his anxieties. The only wrinkle in our love affair? He seems to love my husband more than me!  If you're looking to spice of your life, please consider rescuing a pet. Maggie Visser Moving you to what's next! Top 4% SF Realtor DRE #: 01925742 415.793.3470 maggie.visser@compass.com

Happy Valentine's Day

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Happy Valentine's Day! I hope you celebrate it by doing all the things you love. And if you're looking for some fun ideas, read on.... Local Events Drive-In Opera and Film at Fort Mason February 12 & 13  (SF Opera) 5pm & 8pm: Tosca February 14 (Fort Mason Flix)  4pm: Lady and the Tramp 7pm: In the Mood for Love Tickets are $49 and can be purchased here. See Magnificent Magnolias Bloom at the San Francisco Botanical Gardens Visit the San Francisco Botanical Garden and see their beautiful and historic magnolias in bloom, now through March. With over 200 specimens to see, peak bloom comes in February, but there's no bad time to visit.  Explore the Presidio Parks are vital to our health and well-being, especially in stressful times. The Presidio has 24 miles of hiking trails and 25 miles of biking trails ,as well as three miles of scenic coastline, multiple picnic areas, and stunning views of the Golden Gate Bridge. Date Night w/ 1950s-Style Carhop Service at Mel’s Drive-In For an old-school socially distant romantic fun date night on Valentine’s Day (and every day, for that matter), Mel’s Drive-In in San Francisco is still offering its retro carhop service. Technically it’s “delivery” to your car, not outdoor dining. Better Than Roses and Chocolates 2944 Polk Street, Russian Hill 3 Bed | 3 Bath | 1 Parking $1.85M Website 1776 Sacramento Street, Unit 503, Nob Hill 2 Bed | 2 Bath | 1 Parking $999,000 Website 2942 Polk Street. Russian Hill 2 Bed | 2 Bath | 1 Parking $1.595M Website Maggie Visser Moving you to what's next! Top 4% SF Realtor DRE #: 01925742 415.793.3470 maggie.visser@compass.com

Maggie's Market Minute: February 2021 - The Words of the Market

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The Words Of A Market  With all the media coverage touting the big exodus from San Francisco, it seems this should be a great time to be a buyer in the city…..unless you are a buyer in the city. When the market is active enough it speaks.  The more buyers, the more transactions, and urgency. When the consumer anticipates value, they are much more motivated to transact and commit. Over the past year, the market has had no lack of capital: it has lacked urgency. In the last 3 weeks, it all seems to have changed. High demand and limited inventory have set the 2021 market off to a heated start. We have seen the return of multiple offers, competitive bidding and homes selling over the list price, sometimes by hundreds of thousands. These signs only emerge when a market changes and are key real-time indicators of market conditions....and often far more insightful and reliable than those market reports that come out every quarter that usually reflect mostly closed sales that happened many weeks or months before. "I can't wait anymore. I have to move on with my life!" Life moves on. Fast. Buyer build-up happens when consumers stop perceiving value or experience fear and hesitate. "Wait-and-see" is a very comfortable place. Buyer build-up is a market's best friend when it's unleashed. Every market has only one certainty: change. Markets change and shift. Sooner or later. Listening closely to the words of the market can give you the earliest indicators of what is happening and allow you to act accordingly. Are you ready to move to what's next? Let me know - I can help. Maggie Visser Moving you to what's next! DRE #: 01925742 415.793.3470 maggie.visser@compass.com

Maggie's Market Minute: January 2021

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2020 was a year of social, political, economic and environmental extremes with interest rates at historic lows, stock markets at new highs, billionaires decamping to save on taxes, IPO mania breaking out again, and vaccines beginning to arrive. The real estate market in SF saw complicated dynamics in supply & demand..... but we finished 2020 with a strong recovery after an initial crash in activity. Compared to 2019, the median sales price for condos were down 3% and up 3% for single family homes.  Active listings tapered down during the last 2 months after hitting a record high in August. In December we saw a huge surge in the number of homes accepting offers. 2021 is off to a robust start with a flurry of new buyers entering the market and limited inventory.  Many condos that stayed on the market through the holidays are now in contract, and those that were pulled off the market are now quickly getting swooped up. JUST SOLD! 542 Noe Street Eureka Valley-Dolores Heights 3 Bed | 2 Bath COMING SOON! 494 Ulloa Street Forest Hill Extension 4 Bed | 3 Bath Maggie Visser Top 4% SF Realtor DRE #: 01925742 415.793.3470 maggie.visser@compass.com

💫🎇2020: A year like no other🎇💫

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2020 was a year of extraordinary changes: masks, shelter in place, global deaths, marches for racial equality and justice, wildfires, an apocalypse, a really divisive election, the first female (and minority) VP, staycations, distance learning, and a second wave. We’ve lost loved ones, businesses have been wiped out, and homes have burned to the ground. It has been exhausting. And it's been a year that forced us to grow and change. In times like these, most people feel it is safer not to make any big decisions (such as buying a home), whilst others feel that it is exactly the time for total change or taking chances. Some people have decided to change their lives, whilst others are clinging to the hope that things will return to the old normal. 2020 was also a year of change for me.... The year reminded me what really matter and how important relationships are – family, health and making sacrifices for the greater good of society.  After witnessing the devastating effects of homelessness and drug abuse on my block, I’ve become more empathetic towards those outside my immediate circle and I’ve learned to band together with neighbors I’ve never met before.  I’ve learned that, although I am an introvert, I desperately need to see, talk and touch other people.  So, as the year comes to a close, here are some of the moments I celebrate.... Time with my family. I have spent more time with my family than probably the previous 16 years combined.  The outpouring of love and support from friends - after the sudden loss of our Ridgeback Rescue, Zimba, we received so many flowers, cards, and even a framed etching from friends’ teenage daughter. It reminded me just how people are going out of their way to help and how much we all need each other.  I could still help people buy and sell homes - despite the pandemic, no open houses and a slew of new rules. Teaching my 16-year old daughter to drive (a manual transmission nonetheless) - it takes courage and plenty of tears, but she'll thank me one day when she has to rent a car outside the USA. My feelings about SF are still the same as when I moved here 20 years ago - it is a wonderful place to live, work and play.  It has been 2 weeks since the first COVID vaccine was administered in the USA.....and a week since the shortest day of the year.....a clear path towards the beginning of the end. "No darkness lasts forever. And even there,  there are stars."  Ursula K. Le Guin Maggie Visser Top 4% SF Realtor DRE #: 01925742 415.793.3470 maggie.visser@compass.com

Maggie's Market Minute: December 2020

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The luxury market usually takes a hit during recessions as the wealthy tighten their purse….. But this is 2020 and in this strange year, the one trend has bucked all trends…….. The demand for luxury homes. Quarantine and working from home has everyone looking for more space, home offices and big back yards.  Remote work + surging stock market + records low mortgage rates = surging demand for luxury homes. Nationally, high-end sales jumped 42% in the 3rd quarter from a year earlier. A handful of California metro areas fueled the surge in luxury home sales: Sacramento +86.1% Riverside +62.8%  Oakland +60.9% Lake Tahoe saw an incredible +187% increase in luxury home sales since May 2020 Neither smoke, nor fire can stop it. The most popular destinations for luxury homebuyers in the Bay Area since May have been Sonoma & Santa Cruz (despite the fires), and Monterey.  Click here for Campass' NorCal Luxury Home Market Report Luxury Home Prices Are Growing Faster Than Affordable-Home Prices Over the past five years, growth in prices of most affordable homes has consistently outpaced growth in prices of most expensive homes.  Along came 2020. Luxury home prices increased 6.5% YoY in the 3rd quarter outpacing the 2.9% growth in prices of the country's most affordable homes. If you're looking for a home in the Bay Area priced $5M+ These are the places where you will have the greatest choice of listings (and my services to guide you through it all!)  Just 6 days to the shortest day of the year .....10 days to Christmas......16 days to 2021.....  'Tis the Season! ENJOY! Maggie Visser Top 4% SF Realtor DRE #: 01925742 415.793.3470 maggie.visser@compass.com

Happy Flying

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This week’s announcement of a historically high 33.1% 3rd quarter US GDP reflected growth that had seemed impossible. In the middle of a pandemic. In the middle of a recession. In the middle of 12.5 million unemployed people. What drove this phenomenal growth? In large part the growth was driven by exceptionally robust sales activity in the housing market....in sharp contrast to prior recessions.  Why has housing been so strong? Historically low interest rates. Supply in many areas shrunk notably.  Banks have been mostly tougher with their lending standards, driving lending to only those who can afford to borrow and pay. Most home buyers are wealthier and employed with higher paying jobs.  COVID allowed highly distracted and over-worked consumers to focus on their needs and wants in their homes. It also fueled the desire for second homes. Now all we have to do is survive the next few weeks..... Fasten your seatbelts and lots of deep breathing! With Halloween tomorrow, I don't imagine it will be any scarier than 2020 itself. Happy Flying! Maggie Visser Top 4% SF Realtor DRE #: 01925742 415.793.3470 maggie.visser@compass.com