Maggie's Market Minute - YoY home price declines have turned positive

The surprisingly quick recovery suggest that the residential real estate downturn is turning out to be shorter and shallower than many housing economists expected after mortgage rates soared last year…..there still aren’t enough homes for sale to meet demand” -WSJ 9/8/23 YoY home price declines have turned positive After the market peaked in mid-2022, year over year home prices began to decline, peaking in the Spring. However, the tide is now turning. In August, we saw YoY median home price appreciation turned positive (5%). Although this does not mean that we are back to the highs of Spring 2022, we expect to see YoY appreciation continue to grow. Fewer sellers = recovery in home prices, despite high mortgage rates The decline in the number of sellers putting their home on the market continues to impact the balance between supply and demand, helping the recovery in home prices despite mortgage rates over 7%. In response, all cash transactions nationally have been running at its highest level in 8 years. Variations depending on property type and location Since the pandemic peak, declines in the condo market has been more pronounced compared to houses. Small condos (studio/1-bed) and Downtown condos were hit the hardest. Prices in Downtown are now comparable to 2014 prices, offering investment opportunity for those with long-term vision. The Luxury Market The luxury market ($5M+) has also seen a decline, with more sales under the original list price than over. As of September 11, 51% of active listings have been on the market for 60+ days and there are 94 active/coming soon listings. Fall is typically the busiest time of year for new listings The Fall market runs from Labor Day until mid-November, and September is typically the month when we see the largest number of new listings. With 509 new listings hitting the market since Labor Day, we expect to see substantial activity this Fall. If you’re in the market to buy a home, buckle up and get your financing sorted out so that you don't fall behind. Homes that check many boxes are flying off the market.

Follow the link below for a complete market report.

Are you, or someone you know, ready to move? Let me know - I can help! Cheers, Maggie

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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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San Francisco Real Estate - September 2023 Report

Statistics are generalities, essentially summaries of widely disparate data generated by dozens, hundreds or thousands of unique, individual sales occurring within different time periods. They are best seen not as precise measurements, but as broad, comparative indicators, with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, especially in smaller, expensive market segments. Last period data should be considered estimates that may change with late-reported data. Different analytics programs sometimes define statistics - such as "active listings," "days on market," and "months supply of inventory" - differently: what is most meaningful are not specific calculations but the trends they illustrate. Most listing and sales data derives from the local or regional multi-listing service (MLS) of the area specified in the analysis, but not all listings or sales are reported to MLS and these won't be reflected in the data. "Homes" signifies real-property, single-household housing units: houses, condos, co-ops, townhouses, duets and TICs (but not mobile homes), as applicable to each market. City/town names refer specifically to the named cities and towns, or their MLS areas, unless otherwise delineated. Multi­county metro areas will be specified as such. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate. Many aspects of value cannot be adequately reflected in median and average statistics: curb appeal, age, condition, amenities, views, lot size, quality of outdoor space, "bonus" rooms, additional parking, quality of location within the neighborhood, and so on. How any of these statistics apply to any particular home is unknown without a specific comparative market analysis. 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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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San Francisco Real Estate - August 2023 Report

Statistics are generalities, essentially summaries of widely disparate data generated by dozens, hundreds or thousands of unique, individual sales occurring within different time periods. They are best seen not as precise measurements, but as broad, comparative indicators, with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, especially in smaller, expensive market segments. Last period data should be considered estimates that may change with late-reported data. Different analytics programs sometimes define statistics - such as "active listings," "days on market," and "months supply of inventory" - differently: what is most meaningful are not specific calculations but the trends they illustrate. Most listing and sales data derives from the local or regional multi-listing service (MLS) of the area specified in the analysis, but not all listings or sales are reported to MLS and these won't be reflected in the data. "Homes" signifies real-property, single-household housing units: houses, condos, co-ops, townhouses, duets and TICs (but not mobile homes), as applicable to each market. City/town names refer specifically to the named cities and towns, or their MLS areas, unless otherwise delineated. Multi­county metro areas will be specified as such. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate. Many aspects of value cannot be adequately reflected in median and average statistics: curb appeal, age, condition, amenities, views, lot size, quality of outdoor space, "bonus" rooms, additional parking, quality of location within the neighborhood, and so on. How any of these statistics apply to any particular home is unknown without a specific comparative market analysis. 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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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1987 news clip reveals eerie parallels to today's San Francisco

In 1987, San Francisco was in the midst of a "doom loop." The city's economy was in decline, businesses were moving out, and the homeless population was skyrocketing. Some people even predicted that the city would be "dead" within a few years. Check out this CBS news clip from the archives...

But San Francisco didn't die. In fact, it made a remarkable comeback. The city's economy rebounded, businesses came back, and the homeless population was reduced. Today, there are some who are speculating that San Francisco is once again in a doom loop with its economy facing challenges, high downtown office vacancy rates, businesses moving out, and rising drug abuse and homelessness.

Is history repeating itself? According to Pitchbook, nearly half of all funding for artificial intelligence (AI) worldwide in the first three months of this year went to San Francisco companies ($11.1 billion). Mayor London Breed has declared San Francisco the AI Capital of the World, and a recent report from Avison Young identified nine AI companies looking for more than 700,000 square feet of office space in the city. While AI alone will not be the magic bullet that brings downtown back, it is a start. The future is uncertain, but one thing is for sure: the City will continue to be a place of innovation, creativity, and diversity. San Francisco has faced challenges before, and it has always come back stronger.

Are you, or someone you know, ready to move? Let me know - I can help! Cheers, Maggie

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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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San Francisco Real Estate - July 2023 Report

Statistics are generalities, essentially summaries of widely disparate data generated by dozens, hundreds or thousands of unique, individual sales occurring within different time periods. They are best seen not as precise measurements, but as broad, comparative indicators, with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, especially in smaller, expensive market segments. Last period data should be considered estimates that may change with late-reported data. Different analytics programs sometimes define statistics - such as "active listings," "days on market," and "months supply of inventory" - differently: what is most meaningful are not specific calculations but the trends they illustrate. Most listing and sales data derives from the local or regional multi-listing service (MLS) of the area specified in the analysis, but not all listings or sales are reported to MLS and these won't be reflected in the data. "Homes" signifies real-property, single-household housing units: houses, condos, co-ops, townhouses, duets and TICs (but not mobile homes), as applicable to each market. City/town names refer specifically to the named cities and towns, or their MLS areas, unless otherwise delineated. Multi­county metro areas will be specified as such. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate. Many aspects of value cannot be adequately reflected in median and average statistics: curb appeal, age, condition, amenities, views, lot size, quality of outdoor space, "bonus" rooms, additional parking, quality of location within the neighborhood, and so on. How any of these statistics apply to any particular home is unknown without a specific comparative market analysis. 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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Homeowners Insurance: The Latest Hot Button Issues

State Farm and Farmers recently stopped selling new homeowners’ insurance policies in California. Meanwhile, some of the 115 other insurance companies who are still writing new policies have introduced significant changes to their underwriting practices, and many are reducing coverage based on a number of issues. The Hot Buttons Issues Age of the building (pre-1925) Age of the roof (older than 15 years) Electrical wiring (knob & tube) Occupancy (tenants present) Any previous claims on the home, regardless if it was paid out Replacement costs of $2M+ The Fallout Insurance is a requirement for mortgage loans, so the lack of insurance options may impact people's ability to buy. In a market that is already challenging due to high interest rates, a limited supply of homes, increased competition and higher housing prices, some buyers are denied insurance or forced to pay higher premiums. Some face renovation requirements, causing delays in transactions. And the insurance issue is not only limited to real estate transactions. Even some existing homeowner policies are getting cancelled, despite having no history of any claims.😯 What Steps to Take If you already own a home, or you're thinking about selling your home, you can avoid any insurance surprises by taking the following steps: Regularly Maintain the Home: Keep the home in good condition by performing regular maintenance tasks such as repairing leaks, replacing the roof, updating electrical systems, and addressing any structural issues. Insurance companies may inspect the property before providing coverage. Install Safety Features: Enhance the safety of the home by installing security systems, smoke detectors, and deadbolt locks. These measures can reduce the risk of theft, fire, and other potential hazards. Upgrade Electrical, Plumbing, and Heating Systems: Outdated electrical, plumbing, and heating systems can pose risks. Upgrading these systems to modern standards can make the home safer and qualify for insurance coverage. Bundle Insurance Policies: Some insurance companies offer discounts if you bundle multiple policies, such as homeowners and auto insurance, with them. Inquire about potential discounts to reduce the overall cost of insurance. Maintain a Claims-Free History: A history of frequent claims can raise red flags for insurance companies. Try to minimize unnecessary claims and only file claims for significant damages or losses. Don't Miss a Payment — or you may find yourself among California’s uninsured. If you're a buyer, check with an insurance agent prior to making an offer to make sure what coverage options are available and/or include an insurance contingency in your purchase offer. The Future It is unclear if other insurance providers will also withdraw from the California market. Overall, the impact of these changes will become more apparent over time, and it is expected to make homeownership more expensive, particularly for entry-level buyers.

Are you, or someone you know, ready to move? Let me know - I can help! Cheers, Maggie

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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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The SF Market: A Death Match Between Developers, the Dead and the Divorced

The SF real estate market is currently being driven by 3D's: Developers, the Dead, and the Divorced. Developers are selling because they see the opportunity to make a profit in a low-inventory market. The Dead are selling because they no longer need a home. The Divorced are selling because they must split their assets. These 3D’s seem to be the only ones who are consistently listing their properties for sale these days. Everyone else is hanging on to, or held captive by, their low-interest rate mortgages….a trend that is causing tight inventory. Despite interest rates that inched up recently, we are seeing surprisingly strong demand from buyers who are competing for a limited number of homes. What does this mean for homebuyers? If you're a buyer, be prepared for a competitive market. There are more buyers than sellers in the market, which drives up prices. The best homes sell quickly. Single-family houses and condos that don’t require any work and are located in a desirable neighborhood are in high demand. You'll need to be prepared to pay a premium for those. You'll also need to be flexible with your criteria as you may not be able to find the exact home you're looking for. This means that you may need to compromise on things like location, size, or condition. Buyers are very picky lately and will pass on homes that require cosmetic updates. So, if you are willing to put in some work, you can find great deals.. What does this mean for sellers? If you're a seller, you're in a good position to get a good price for your home, if you prepare it to look at its best and price it right. It's unclear how long this trend will last. But for now, the 3D's are providing some relief to the lack of new inventory and keeping prices strong in the city.

Are you, or someone you know, ready to move? Let me know - I can help! Cheers, Maggie

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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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San Francisco Real Estate - June 2023 Report

Statistics are generalities, essentially summaries of widely disparate data generated by dozens, hundreds or thousands of unique, individual sales occurring within different time periods. They are best seen not as precise measurements, but as broad, comparative indicators, with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, especially in smaller, expensive market segments. Last period data should be considered estimates that may change with late-reported data. Different analytics programs sometimes define statistics - such as "active listings," "days on market," and "months supply of inventory" - differently: what is most meaningful are not specific calculations but the trends they illustrate. Most listing and sales data derives from the local or regional multi-listing service (MLS) of the area specified in the analysis, but not all listings or sales are reported to MLS and these won't be reflected in the data. "Homes" signifies real-property, single-household housing units: houses, condos, co-ops, townhouses, duets and TICs (but not mobile homes), as applicable to each market. City/town names refer specifically to the named cities and towns, or their MLS areas, unless otherwise delineated. Multi­county metro areas will be specified as such. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate. Many aspects of value cannot be adequately reflected in median and average statistics: curb appeal, age, condition, amenities, views, lot size, quality of outdoor space, "bonus" rooms, additional parking, quality of location within the neighborhood, and so on. How any of these statistics apply to any particular home is unknown without a specific comparative market analysis. 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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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The rumors of SF’s demise. True or false?

San Francisco has been the subject of much doom and gloom in the media lately, portraying the city as a dystopian hellscape and rumors of a “Failed City”. Although the city has faced several challenges in recent years, here are some examples of why I believe the rumors of San Francisco's demise are greatly exaggerated: LAYOFFS Of the 49,425 layoffs announced by San Francisco companies, only 8,526 will be cut from offices in the city. This means that most layoffs will not affect San Francisco's economy directly (SF Standard). UNEMPLOYMENT San Francisco has the second-lowest unemployment rate in California, at 3%. This is well below the national average of 3.6%. INNOVATION Where else in the world do you see a self-driving car pulling up next to you at a traffic light? Cruise and Waymo are expected to get approval in June to operate self-driving taxi services for fare-paying passengers that operate 24 hours a day across the city.. OFFICES & EVENTS Real estate developer Michael Shvo is performing a $250 million renovation on the Transamerica building. The goal is to provide an experience in an office environment that's better than what one has at home, giving employers another tool to bring people back into the office. Tech-oriented co-working and events space Convene is also opening its first San Francisco location in October. RETAIL Luxury brand Chanel purchased the Williams-Sonoma building in 2021 for $63 million. This investment shows that businesses are still confident in San Francisco's economy. DOWNTOWN

Pedestrian traffic in Union Square is up by 27% compared with the same period last year. High-end Japanese-Peruvian restaurant brand Chotto Matte is scheduled to open in the summer at the former Macy's Men's Store......a sign that people are returning to downtown.

TOURISM SFO traffic is reaching levels that haven’t been seen since March 2020. International travelers spent $3.7 billion in San Francisco last year. This is up from $1 billion in 2021, but still below the $5.1 billion spent in 2019. However, the increase in spending is a sign that tourism is recovering.

STEPH CURRY CBSSports | Getty Images Although the Warriors' early exit from the playoffs was disappointing, 35-year old GOAT Stephen Curry's continued success on the court brings joy to the city, and his off-court work has made him a role model and a source of hope for San Francisco, demonstrating that anything is possible if you work hard and never give up.

So, are the rumors of SF's demise true or false?

Sometimes it is easy to feel like the problems in the city are insurmountable, but it is a shame to let the challenges of homelessness, drug addiction, and shoplifting overshadow all of the good things that the city has to offer. For me, San Francisco is a vibrant and exciting place to live and work. It is my home and I am not going anywhere.

Are you, or someone you know, ready to move? Let me know - I can help! Cheers, Maggie

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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Last Minute Mother's Day Events & Gift Ideas

Mother’s Day is this Sunday. If the date slipped your mind and you’ve not made any plans yet, or you’ve not found the right gift yet, don’t worry: There’s still time to plan a surprise or buy a gift. Whatever the mom in your life is into, or whatever your budget, scroll down for list of things to do and some last-minute gift ideas that may be just right. But don’t wait any longer..... Sunday will be here before you know it. Mother's Day BRUNCH

For Mother's Day brunch in San Francisco, my favorites include the following: Mother’s Day Brunch at The Ritz-Carlton The Ritz-Carlton's Mother's Day menu includes fancy brunch and lunch items, mimosas, and a Bloody Mary bar. Moms will also receive a free pastry and have the opportunity to create a flower bouquet to take home. The brunch has two seating times at 11 a.m. and 1:30 p.m. on Sunday, May 14th. Prices range from $55 to $145, and reservations are required. The location is Parallel 37 at the Ritz-Carlton on 600 Stockton St. in San Francisco. Check it out!

Lokma Lokma offers spacious street seating and serves Turkish and Mediterranean brunch dishes. The menu includes a variety of options, such as Greek yogurt pancakes, Menemen scrambled eggs with tomatoes and peppers, Turkish sausage and feta breakfast dishes, and a Turlu omelette with Turkish ratatouille and tzatziki. The restaurant is located at 1801 Clement St, San Francisco, CA 94121. Check it out!

Feinstein's Mimosas & Motown Brunch

Mother's Day brunch at Feinstein's includes a live Motown tribute concert from the Bay Area-based band, Top Shelf Classics. The tickets include brunch, mimosas, beverages, and the performance. There are three different brunch seatings at 9:30 am, 9:45 am, and 12:15 pm, and the concerts begin at 10:30 am and 1:15 pm. The event is for all ages and tickets range from $45-$89, with reservations recommended. Check it out!

FESTIVALS

Chase Center Mother’s Day Festival & Outdoor Movie

Thrive City is hosting a free Mother's Day celebration on Saturday, May 13 at 1PM. The event will include various activities such as crafting stations, massage chairs, a kids zone, and health resources from Kaiser Permanente. The day will end with a showing of the movie "Freaky Friday" on the plaza board. Those who wish to attend the event must RSVP while supplies last. Check it out!

Half Moon Bay Wine & Jazz Festival (2023)

The Half Moon Bay Downtown Association is hosting the second annual Half Moon Bay Wine & Jazz Festival on Saturday, May 13 at 12:00 pm, which will feature more than 40 renowned California wineries and nationally-known jazz artists, such as Paula West, the Marcus Shelby Quintet, and the John Santos Sextet. There will also be top Coastside food vendors serving delicious cuisine, and a variety of local brews available on tap. Admission to the event is $25, and it will take place at Downtown Half Moon Bay. Check it out!

MUSEUM

Free Museum Day at The Exploratorium

On Sunday, May 14, The Exploratorium is holding a free "Community Day" in honor of Mother's Day at Pier 15. Visitors can participate in free bilingual activities, such as folklórico dances and a mariachi concert serenading mothers. Admission is "pay what you wish" and is available to everyone, not just mothers. However, entry is subject to capacity, so it is recommended to arrive early. Check it out!

SAIL

Mother’s Day Women of the Bay Afternoon Sail

Experience a leisurely sail around San Francisco Bay on board an 80-foot gaff-rigged coastal schooner/sailboat, while celebrating the women who have played a significant role in shaping our local bay history. The sail takes place from 1:15-4PM on Sunday, May 14, and reservations are required. The cost is $129 per person, and the sailboat departs from Slip 465 at Schooner Freda B in Sausalito. For more information or to make a reservation, please call 415.331.0444. Check it out!

LAST MINUTE GIFTS Time is running out! The Strategist has 33 last-minute gifts that will arrive by Mother’s Day. Click 👇 to check it out.

Mother's Day Gift Ideas!

Happy Mother's Day to all the Moms. May you feel appreciated, cherished, and loved beyond measure. Cheers, Maggie

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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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San Francisco Real Estate - May 2023 Report

Statistics are generalities, essentially summaries of widely disparate data generated by dozens, hundreds or thousands of unique, individual sales occurring within different time periods. They are best seen not as precise measurements, but as broad, comparative indicators, with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, especially in smaller, expensive market segments. Last period data should be considered estimates that may change with late-reported data. Different analytics programs sometimes define statistics - such as "active listings," "days on market," and "months supply of inventory" - differently: what is most meaningful are not specific calculations but the trends they illustrate. Most listing and sales data derives from the local or regional multi-listing service (MLS) of the area specified in the analysis, but not all listings or sales are reported to MLS and these won't be reflected in the data. "Homes" signifies real-property, single-household housing units: houses, condos, co-ops, townhouses, duets and TICs (but not mobile homes), as applicable to each market. City/town names refer specifically to the named cities and towns, or their MLS areas, unless otherwise delineated. Multi­county metro areas will be specified as such. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate. Many aspects of value cannot be adequately reflected in median and average statistics: curb appeal, age, condition, amenities, views, lot size, quality of outdoor space, "bonus" rooms, additional parking, quality of location within the neighborhood, and so on. How any of these statistics apply to any particular home is unknown without a specific comparative market analysis. 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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Maggie's Market Minute: A Spring Real Estate Revival

The housing market landscape in Q1 of 2023 has been complex, characterized by events such as repeated rainstorms, a regional banking crisis, stock market fluctuations, and tech layoffs. On a year-over-year basis the housing market remains weaker, although comparing Q1 of 2023 to the same period in 2022, which was the peak of a historic 10-year runup, means that many year-over-year comparisons will be distorted: Monthly sales volume is down 38% and luxury home sales are down 55% compared to Q1 2022. Median sale prices have dropped (in large part due to a significant decline in sales of the luxury market). Median house sales price was down about 18% and median condo sales price was down about 7% from Q1 2022. The spring selling season has been gaining momentum Despite the complexities since the beginning of the year, buyer demand is improving, overbidding percentages are rising, and the amount of time homes are spending on the market is decreasing. Most neighborhoods across the city are reasonably balanced, the central neighborhoods (Cole Valley/Eureka Valley/Noe Valley/Forest Hill/St Frances Wood/Miraloma) and Sunset are very hot, whilst SoMa/South Beach/Mission Bay are slower than usual due to higher supply levels and remote work. Buyers should not expect conditions from last winter Across all Bay Area markets, we are seeing a low flow of new listings as sellers hold off from listing their homes due to higher interest rates. The low number of new listings is holding back sales activity, and it may also be the secret weapon that is preventing price declines. Buyers should be aware that sellers may not be willing to negotiate as much as before. Where is the market heading? The two most important metrics to keep an eye on in the Spring market are interest rates and the number of new listings coming on the market. If interest rates move any lower, we expect buyer demand to increase accordingly. If sellers remain reluctant to list their homes, supply will remain low. When there is low supply and high demand for homes, it is likely that the prices will increase due to the competition among buyers. For a detailed report, please click on the Flipbook below.

Are you, or someone you know, ready to move? Let me know - I can help! Cheers, Maggie

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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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San Francisco Real Estate - April 2023 Report

Maggie Visser Top 3% of SF Agents DRE #: 01925742 415.793.3470 maggie@maggievisser.com www.maggievisser.com

Statistics are generalities, essentially summaries of widely disparate data generated by dozens, hundreds or thousands of unique, individual sales occurring within different time periods. They are best seen not as precise measurements, but as broad, comparative indicators, with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, especially in smaller, expensive market segments. Last period data should be considered estimates that may change with late-reported data. Different analytics programs sometimes define statistics - such as "active listings," "days on market," and "months supply of inventory" - differently: what is most meaningful are not specific calculations but the trends they illustrate. Most listing and sales data derives from the local or regional multi-listing service (MLS) of the area specified in the analysis, but not all listings or sales are reported to MLS and these won't be reflected in the data. "Homes" signifies real-property, single-household housing units: houses, condos, co-ops, townhouses, duets and TICs (but not mobile homes), as applicable to each market. City/town names refer specifically to the named cities and towns, or their MLS areas, unless otherwise delineated. Multi­county metro areas will be specified as such. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate. Many aspects of value cannot be adequately reflected in median and average statistics: curb appeal, age, condition, amenities, views, lot size, quality of outdoor space, "bonus" rooms, additional parking, quality of location within the neighborhood, and so on. How any of these statistics apply to any particular home is unknown without a specific comparative market analysis. 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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Discover the Secrets of America's Wealthiest

Henley and Partner's 2023 Wealth Report is a wealth of information (pun intended!) about the state of wealth and income in the United States. Below are a few interesting findings from the report.

The 5 Wealthiest Cities

Top 10 U.S. towns where millionaires are buying second homes (40% are located in California)

Top 5 Wealth Creating Industries

The 2022 Ultra-Luxury Real Estate Report Click the image to view full report.

Are you, or someone you know, ready to move? Whether you're looking in San Francisco, or somewhere else, I can connect you with a top agent around the country! Cheers, Maggie

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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Maggie's Market Minute: Higher rates and higher prices?

Following the sharp drop in market activity in the latter half of 2022, which was the slowest in 10-20 years and hit a low of 45-50% below the previous year's activity, there was a notable recovery in market activity at the start of the year. This resurgence was driven by a decrease in interest rates, and it felt like the frenzy of the pandemic era all over again, with a significant surge in open house traffic, offers made, overbidding, and absorption rates. February saw an increase in rates and fewer new listings Due to an underwhelming inflation report, the Federal Reserve raised interest rates in February, leading to instability in the financial markets and an increase in mortgage rates. Meanwhile, since the spring of 2022, there has been a significant reduction in the number of new properties being listed on the market. This trend is observed nationwide, with new listings hitting an 18-year low. The primary reason for this is that 85% of mortgage holders have locked in rates of 5% or lower, with 28% having rates below 3%. As a result, homeowners with low mortgage rates are less inclined to sell, contributing to a shortage of inventory. Increased rates = increased home prices? Although mortgage rates have gone up, and there has been some instability in the stock market, there is still a significant demand for housing. Open houses continue to attract large numbers of buyers, and offer dates are being set with multiple offers being made. Additionally, the percentage of listings accepting offers has rebounded, indicating that the demand for housing remains high. If mortgage rates continue to go up, and fewer homeowners want to sell, it could lead to: Low Inventory + Strong Buyer Demand = Home Price Appreciation The next inflation report is due next week and the Fed has indicated that they’ll continue to raise rates to combat inflation. Only time will tell how interest rates will impact the housing market in future months. Stay tuned!

Are you, or someone you know, ready to move? Let me know - I can help! Cheers, Maggie

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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

marketingcenter-sfbayarea-sfcityproper

San Francisco Real Estate - March 2023 Report

Maggie Visser DRE #: 01925742 M: 415.793.3470 maggie.visser@compass.com

Statistics are generalities, essentially summaries of widely disparate data generated by dozens, hundreds or thousands of unique, individual sales occurring within different time periods. They are best seen not as precise measurements, but as broad, comparative indicators, with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, especially in smaller, expensive market segments. Last period data should be considered estimates that may change with late-reported data. Different analytics programs sometimes define statistics - such as "active listings," "days on market," and "months supply of inventory" - differently: what is most meaningful are not specific calculations but the trends they illustrate. Most listing and sales data derives from the local or regional multi-listing service (MLS) of the area specified in the analysis, but not all listings or sales are reported to MLS and these won't be reflected in the data. "Homes" signifies real-property, single-household housing units: houses, condos, co-ops, townhouses, duets and TICs (but not mobile homes), as applicable to each market. City/town names refer specifically to the named cities and towns, or their MLS areas, unless otherwise delineated. Multi­county metro areas will be specified as such. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate. Many aspects of value cannot be adequately reflected in median and average statistics: curb appeal, age, condition, amenities, views, lot size, quality of outdoor space, "bonus" rooms, additional parking, quality of location within the neighborhood, and so on. How any of these statistics apply to any particular home is unknown without a specific comparative market analysis. 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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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“Sometimes when you’re from a place it’s hard to see how cool it is.”

“Sometimes when you’re from a place it’s hard to see how cool it is.” -Amy Alipio

If you’re like me, you may sometimes find yourself feeling frustrated and disheartened by what you see happening in the city. Well, National Geographic just named San Francisco on its "Best of the World" list of “25 breathtaking places and experiences for 2023.” SF was included due to the opportunities it offers for families to enjoy nature within an urban environment, such as the Crosstown Trail and Presidio Tunnel Tops.

Despite being known for having more dogs than kids, the city is a great place to raise a family and this ranking provides further proof of that.

Are you, or someone you know, ready to move to this cool city? Let me know - I can help! Cheers, Maggie

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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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SF’s hottest neighborhood: "Cerebral Valley"

SF's Hottest Neighborhood

Have you heard of Cerebral Valley – the City’s newest (old) neighborhood that is quickly becoming the hottest place to be? The area located near Alamo Square is filled with historic Victorian homes that is being transformed into informal hubs for artificial intelligence (AI) enthusiasts. These "hacker houses" are fully inclusive communities that offer co-living and coworking spaces for AI employees, reminiscent of the tech industry's origins when startups operated out of garages. This trend has become so popular that the neighborhood formerly known as “Hayes Valley” is now colloquially known as "Cerebral Valley." People are moving back to the city to be part of a community again….. Many former employees of big tech companies who have recently lost their jobs are now turning to AI communities and hacker houses instead. They are disillusioned with big tech's corporate offerings and are looking to launch new products while being a part of a like-minded founder's community. According to Sofiia Shvets, the CEO of Claid.AI, there is now more excitement and speed in the industry, with more hacker houses appearing, events starting again, and people moving back to the city to be a part of a community. Hayes Valley has something for everyone This once-forgotten neighborhood is now grabbing its share of the spotlight with an eclectic mix of art, culture, upscale fashion & jewelry boutiques, homeware, quirky bookstores, wine bars, and a bustling food scene. Whether you’re in AI or not, if you’re looking for a unique and charming neighborhood, Hayes Valley has something for everyone.

Are you, or someone you know, ready to move to Hayes Valley (or somewhere else)? Let me know - I can help! Cheers, Maggie

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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

marketingcenter-sfbayarea-sfcityproper

San Francisco Real Estate - February 2023 Report Link

Statistics are generalities, essentially summaries of widely disparate data generated by dozens, hundreds or thousands of unique, individual sales occurring within different time periods. They are best seen not as precise measurements, but as broad, comparative indicators, with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, especially in smaller, expensive market segments. Last period data should be considered estimates that may change with late-reported data. Different analytics programs sometimes define statistics - such as "active listings," "days on market," and "months supply of inventory" - differently: what is most meaningful are not specific calculations but the trends they illustrate. Most listing and sales data derives from the local or regional multi-listing service (MLS) of the area specified in the analysis, but not all listings or sales are reported to MLS and these won't be reflected in the data. "Homes" signifies real-property, single-household housing units: houses, condos, co-ops, townhouses, duets and TICs (but not mobile homes), as applicable to each market. City/town names refer specifically to the named cities and towns, or their MLS areas, unless otherwise delineated. Multi­county metro areas will be specified as such. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate. Many aspects of value cannot be adequately reflected in median and average statistics: curb appeal, age, condition, amenities, views, lot size, quality of outdoor space, "bonus" rooms, additional parking, quality of location within the neighborhood, and so on. How any of these statistics apply to any particular home is unknown without a specific comparative market analysis. 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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

marketingcenter-sfbayarea-sfcityproper

6 Reasons Q4 '22 Was the Bottom

"For the first time in 10 months, all the statistics I look at are trending positively." - Compass CEO Robert Reffkin, CNBC Watch CNBC Clip Here 6 Reasons why Compass CEO, Robert Reffkin, believes Q4 of 2022 was the bottom of the recent real estate market cycle 1. 25% increase in weekly mortgage applications. 2. Mortgage rates continue to move down to a 4-month low. 3. Increase in buyer interest, open house traffic, and offers. 4. In the last quarter of 2022, 42% of sellers were giving concessions to buyers at the closing table, a 10-year high. 5. Home builder sentiment improved for the first time in 1 year. 6. Pending closings were down 30+% at points in the fall but over the last few weeks, we have seen pending listings in most of our markets nearly flat year over year.

2022 Year in Numbers What an incredible year it has been! I made it into the top 3% of SF agents based on volume. I couldn't have done it without the support of my family, friends, and clients who continue to entrust me with their real estate needs. THANK YOU! My 2022 Transactions

Are you, or someone you know, ready to move? Let me know - I can help! Cheers, Maggie

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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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