San Francisco Real Estate - Janice Lee

CoreLogic DataQuick, the La Jolla-based real estate information firm, reported that Bay Area home sales overall edged slightly higher in October, climbing 1.3 percent from a year ago. But the luxury segment of the market turned in a much more robust performance, soaring by as much as 55 percent in some regions, according to new Coldwell Banker Previews luxury market reports.

The job market and the economy continue to improve. Mortgage interest rates remain near historic lows. But despite that, the share of first-time homebuyers fell to its lowest point in nearly three decades, according to a new report by the National Association of REALTORS®. NAR blamed the drop on a number of factors, including younger people carrying more student debt, but the trend could be preventing a healthier housing market from reaching its full potential, economists said. The annual consumer survey additionally found that an overwhelming majority of buyers search for homes online and then purchase their home through a real estate agent, a trend that has been growing over the past decade. The 2014 National Association of REALTORS® Profile of Home Buyers and Sellers found that 33 percent of buyers were first-timers, down from 38 percent a year ago and the lowest share since 1987. Since 1981, the average has typically been about 40 percent. NAR’s chief economist Lawrence...

 Janice Lee 415-832-9151 International President's Premier Top 3% Nationwide | Top 1% SF Realtor Investment Consultant #1 CB Sunset JaniceFLee@gmail.com www.JaniceLeeHomes.com BRE #01720205

  Agents in the trenches know all too well that if you don’t make an offer quickly when the right home comes along in the hot Bay Area housing market you’ll be left in the dust. But what they may not realize is just how quickly homes are selling here compared to the other hot spots around the country, such as Austin, Texas, Seattle, and Los Angeles. An interesting new report by Realtor.com shows that the San Jose and San Francisco metro areas are tied for second place in the U.S. for fastest sales. Homes in those two cities were only on the market for a median of 36 days in September vs. three months for the national average. To find the number one market for fastest sales in the entire country you don’t have to travel far – just across the Bay Bridge. The Oakland metro area tops the national ranking with a median of 35 days on the market! As the Silicon Valley Business Journal noted in a story this week, Oakland’s rise to the top of hot housing markets may be the result of...

CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today released its October San Francisco Bay Area homes sales report. The Bay Area housing market posted another modest uptick in sales during October but activity remained below average as cash purchases continued to taper off and buyers faced a limited inventory as well as affordability and mortgage availability challenges. Home prices appear to have plateaued in recent months, although the October median sale price was still about 11 percent higher than a year earlier. A total of 7,693 new and resale houses and condos sold in the nine-county San Francisco Bay Area in October 2014. That was up 3.4 percent from 7,443 in September and up 1.3 percent from 7,595 in October 2013, according to CoreLogic DataQuick data.. A small gain in sales from September to October is normal for the season. The October sales count was the highest for that month since 7,902 homes sold in October 2...

Buying a home is one of life’s most important decisions and exciting adventures. But there’s much more to finding the right property than picking out the perfect floor plan. Even experienced buyers can find the process complex and a little overwhelming. That’s why the time you spend preparing before you start your search can be the best investment you make in your new home. It’s important to understand the buying process, the decisions you will have to make, and undoubtedly the tradeoffs along your path to homeownership. So here are some things to keep in mind before and during your search:

Your Realtor does a lot for you and deserves your loyalty. And if you think your agent did a great job,  we love referrals to your friends,  family and colleagues. When buying or selling a home, you want an agent you can trust and has your best interests at heart and knows their stuff. A good realtor works hard to get you want you want to achieve your goals.

  Do not hesitate to contact Janice Lee at 415-832-9151 for any real estate purpose you may have.

  Do not hesitate to contact Janice Lee at 415-832-9151 for any real estate purpose you may have.

  Do not hesitate to contact Janice Lee at 415-832-9151 for any real estate purpose you may have.

  The Bay Area’s luxury housing market is showing no signs of slowing down as we move through the spring home buying season. From Marin to San Francisco to Silicon Valley and across to the East Bay, Previews level properties are selling in greater numbers and at higher prices than they did a year ago at this time. We just released Coldwell Banker Residential Brokerage’s luxury market reports this week, and here’s a quick recap: Luxury sales over $2 million in San Francisco jumped 27 percent in the first quarter versus first quarter 2013, with 107 such transactions. The median price was up 5.7 percent to $2.9 million. The upper end of the luxury market was particularly strong in the most recent quarter with 51 sales of homes over $3 million in The City, up from 34 transactions a year ago, and 23 sales over $4 million versus 17 in first quarter 2013. Silicon Valley luxury sales over $1.5 million soared 28 percent last month compared to a year ago. In the upper end of the mar...

  Do not hesitate to contact Janice Lee at 415-832-9151 for any real estate purpose you may have.

Foreclosures are on the decline in lockstep with an improving economy and real estate market. Foreclosure filings hit a seven-year low in February according to RealtyTrac’s monthly foreclosure report, as reported by Housingwire. “There were 112,498 foreclosure filings in February, a 10 percent decrease from January and a 27 percent drop from the same time in 2013.” These numbers mark the lowest monthly totals for foreclosures since December 2006. Current rates for foreclosures in California according to RealtyTrac are one in every 1,047 homes. Nationally that number is one in every 1,170 homes. That may sound like a needle in a haystack, but there are still deals to be had. “Buying a foreclosure can be a great way to get a home for less, whether you’re planning to live in the property or rent it out,” said MSN. If you’re in the market for a foreclosure, here are a few tips to put you in the know before you buy. 1. Beware the property that has been “lingering in the foreclosur...

  Do not hesitate to contact Janice Lee at 415-832-9151 for any real estate purpose you may have.

Selling Your Home? Here’s some quick-tips! The traditionally busy spring home buying season is rapidly approaching. Over the past year, we’ve enjoyed a strong housing market – one that featured more buyers than sellers in some communities. In fact, there just aren’t enough good listings to go around and this could be an excellent time to consider selling your property. But even in a “seller’s market” like this, some properties sell faster than others. Have you ever wondered why one home sells almost immediately and another one down the road sits on the market for months? There are several key reasons why some homes languish on the market, including price, condition, and other variables. My hope is that this list will help you put your best foot forward when it comes time to sell your home: The price is too high. Setting the appropriate price for a home is always more difficult for a homeowner, who has personal feelings for the property, than for an experienced, objective agen...

  Do not hesitate to contact Janice Lee at 415-832-9151 for any real estate purpose you may have.