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McGuire Real Estate

Contra Costa County Trends « McGuire Q2 2014 Report

Posted On August 1st, 2014 by McGuire Real Estate | No Comments

Alameda County wasn’t the only East Bay area that flourished this quarter, as Contra Costa County’s $689,943 average home sale price was also an all-time high. This number was an 11 percent gain on the previous high from Q2 2013, and additionally was an 18 percent gain over Q1 2014. Similar to Alameda County, Contra Costa homes moved rapidly this quarter. The average DOM of 25 days was the second-lowest figure among all seven counties we represent. And the 2,706…

 
McGuire Real Estate

Alameda County Trends « McGuire Q2 2014 Report

Posted On August 1st, 2014 by McGuire Real Estate | No Comments

Alameda home sales flourished this quarter as would-be San Francisco buyers expanded their search. The county’s $787,006 average sales price was up 17 percent over its previous record set in Q2 2013. At a 20 percent gain, this mark was also the highest quarter-over-quarter improvement among all seven counties we represent. Not only did Alameda home prices blow away previous records, these properties also exited the market more swiftly than in any other Bay Area county, with an average DOM…

 
McGuire Real Estate

Sonoma County Trends « McGuire Q2 2014 Report

Posted On August 1st, 2014 by McGuire Real Estate | No Comments

After hitting an all-time high for average sales price in Q1 2014, Sonoma County homes stayed right at that pinnacle from the previous quarter. The $591,627 average home sale price here was also a 10 percent gain from the $536,732 seen in the second quarter of 2013. It should be noted, however, that sales volume was down 11 percent from one year ago. The 1,239 homes sold this quarter are indicative of a Sonoma Countymarket that is as competitive as…

 
McGuire Real Estate

Napa County Trends « McGuire Q2 2014 Report

Posted On August 1st, 2014 by McGuire Real Estate | No Comments

Napa County posted its strongest quarter of all time in terms of average home sales price, closing at $793,510 this quarter. This number was an 11 percent improvement over the previous quarter and a 19 percent gain from Q2 2013. Strong competition also led to homes in the wine country experiencing quick turn around times. The average 72 DOM in Napa County was 36 percent faster than in Q1 2014 and 12 percent faster than Q2 2013. As for sales…

 
McGuire Real Estate

Marin County Trends « McGuire Q2 2014 Report

Posted On August 1st, 2014 by McGuire Real Estate | No Comments

The fact that Marin did not surpass its all-time average sales price—achieved in the previous quarter—should not take away from how high this market has climbed. With this quarter’s average home sales price at $1.379 million, Marin County still saw an average gain of 13 percent over the strong Q2 of 2013. With 759 homes sold this quarter, sales volume is right in line with the five-year high it hit one year ago. Part of the reason the county is…

 
McGuire Real Estate

San Mateo County Trends « McGuire Q2 2014 Report

Posted On August 1st, 2014 by McGuire Real Estate | No Comments

At $1.488 million, San Mateo County bested its all-time average home sale price achieved in Q1 by 4 percent, and also improved by 16 percent on Q2 of 2013. And as was a trend across the Bay Area, homes sold rapidly this quarter, with just 26 DOM before a closing—a very impressive figure for a county in which homes are averaging around the $1.5 million mark. Although it was by a slim margin, the Peninsula was one of the few…

 
McGuire Real Estate

San Francisco Condo Trends « McGuire Q2 2014 Report

Posted On August 1st, 2014 by McGuire Real Estate | No Comments

Due largely to the factors of young tech professionals looking to live near work, high rent and an almost impenetrable home market, the city’s condo market surged this quarter. The $1.168 million closing on the average condo sale was a record high, up 13 percent from the previous quarter and 17 percent from Q2 2013. Unlike the SFH market, sales volume for condos was also relatively strong with 717 units sold, making it the second highest quarterly figure over the…

 
McGuire Real Estate

San Francisco SFH Trends « McGuire Q2 2014 Report

Posted On August 1st, 2014 by McGuire Real Estate | No Comments

With low inventory and high demand still defining this market, San Francisco homes once again hit an all-time quarterly high for average home sales price.The $1.543 million average sale was the highest among all seven counties were present, and was up 10 percent from the previous quarter and 14 percent from Q2 2013. All-cash offers fed by San Francisco’s thriving local economy continue to dominate, leading to very rapid closings. The average 29 DOM seen this quarter was down from…

 
McGuire Real Estate

Luxury Market Trends « McGuire Q2 2014 Report

Posted On August 1st, 2014 by McGuire Real Estate | No Comments

Defined by the top 10 percent of all homes sold, the Bay Area luxury market experienced average home sale prices at record heights as the four regions of San Francisco, the East Bay, the Mid-Peninsula and the North Bay all saw increases of at least 10 percent over Q2 2013. Even as luxury prices soared, a bit of health was restored to this sector as sales volume also outperformed Q2 2013 in all four regions. Perhaps the most noticeable momentum was seen in…

 
McGuire Real Estate

Regional Market Trends « McGuire Q2 2014 Report

Posted On August 1st, 2014 by McGuire Real Estate | No Comments

Historically, the second quarter of 2014 made its mark as the Bay Area’s strongest all-time quarter in terms of average sales price. Ina market with demand at fever pitch, homes sold at an average of$925,263 across the seven counties we represent—an improvement of 23 percent over the previous quarter and 13 percent over the boom that occurred in Q2 2013. Perhaps as important, sales volume gained some traction after the severely low tallies that were a result of the first…

 
 
 

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