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McGuire Real Estate

Top 10 Properties Viewed on McGuire.com This Week « 01.29.15

Posted On January 29th, 2015 by McGuire Real Estate | No Comments

For today’s average buyer and seller, searching for a home has largely moved online. A plethora of properties can be found in just a few clicks, sometimes making it more difficult to stay on top of the week’s favorite picks. However, there’s no need to worry because it just got easier with this trending list. The McGuire Weekly Top 10 allow you to see which homes, condominiums and lofts attracted the most online views over the last seven days, as well…

 
McGuire Real Estate

Letter from the President: Prices Up, Sales Low But Stable | McGuire Q4 2014

Posted On January 29th, 2015 by McGuire Real Estate | No Comments

Much like the third quarter of 2014, the fourth quarter showed few surprises. Both high average sales prices and low sales volume—products of strong demand and depleted inventory—continued across the Bay Area. For sellers, these combined trends continued to spell major profits. All seven counties we represent saw year-over-year average home sales price gains of at least 7 percent. Meanwhile, inventory shortages continue to be a major factor for prospective buyers. This quarter’s sales volume numbers were, by and large,…

 
McGuire Real Estate

Regional Market Trends | McGuire Q4 2014

Posted On January 29th, 2015 by McGuire Real Estate | No Comments

The fourth quarter of 2014 displayed little variation from the familiar, pervasive trends that have defined the Bay Area as the country’s hottest real estate market. Average home sales prices were up by at least 7 percent year-over-year in all seven counties we represent. This combined for an average home sales price of $879,131 across the Bay Area—up 11 percent from Q4 2013. While strong prices persisted, so did the dearth of inventory which has been another main story featured over…

 
McGuire Real Estate

Luxury Market Trends | McGuire Q4 2014

Posted On January 29th, 2015 by McGuire Real Estate | No Comments

The Bay Area luxury market—defined by the top 10 percent of all homes sold—performed somewhat similarly to the rest of the regional market. Average home sale prices were up across the board, and even saw higher percentage gains than non-luxury properties. At the same time, low inventory caused sales volume to drop, offsetting gains from the market’s massive closings. San Francisco showed the most dominant performance, with its $4.53 million average home sale leading the way. This figure was a healthy…

 
McGuire Real Estate

San Francisco (Home) Trends | McGuire Q4 2014

Posted On January 29th, 2015 by McGuire Real Estate | No Comments

The San Francisco market deviated from patterns across the rest of the Bay Area, as is often the case. This had its upsides for both sellers and buyers in Q4 2014. The average home sale price of $1.535 million increased 12 percent from Q3 2014 and 14 percent from Q4 2013. It was also the second-highest average sales price in the city’s history, as well as a high among all seven Bay Area counties we represent. Sales volume also rebounded with…

 
McGuire Real Estate

San Francisco (Condominium) Trends | McGuire Q4 2014

Posted On January 29th, 2015 by McGuire Real Estate | No Comments

The condominium sector continued its strong upward trajectory, with its average sales price of $1.116 million up 10 percent from Q4 2013. This figure was also the second-highest in the market’s history. With 598 units closed, sales volume was down 10 percent year-over-year—a byproduct of the inventory shortage that has continued to push prices up all year. The average 39 DOM for the area was relatively in line with what one would expect of this fast-paced market. It should be…

 
McGuire Real Estate

San Mateo County Trends | McGuire Q4 2014

Posted On January 29th, 2015 by McGuire Real Estate | No Comments

Extremely low inventory levels continue to persist in the Mid-Peninsula, where the total of 1,107 homes sold was down 28 percent from the previous quarter. Prices remain high as the average home sale of $1.394 million was up 12 percent year-over-year. The dilemma that area sellers face is that while massive profits are immediately at hand, the options for finding new homes in this tight market are not. The county continued to show less than a 30-day supply of homes…

 
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Marin County Trends | McGuire Q4 2014

Posted On January 28th, 2015 by McGuire Real Estate | No Comments

Like the Peninsula, Marin County posted strong average sales price figures that were slightly offset by low inventory and below-average sales volume totals. The $1.37 million average home sale was up 15 percent from Q4 2014, and was the third-highest figure in the market’s history. These homes experienced an average 65 DOM, an 18 percent rise from the previous quarter as buyers have exercised a bit more restraint after the feeding frenzy that consumed much of 2014. The total of…

 
McGuire Real Estate

Napa County Trends | McGuire Q4 2014

Posted On January 28th, 2015 by McGuire Real Estate | No Comments

Napa County continued to display great market strength after posting an all-time average sales price high in Q3 2014. The $734,931 average home sale this quarter was both an 8 percent gain from Q4 2013 and the strongest fourth quarter in Napa County’s history. The area remains a popular option for those priced out of the seven-figure regions of Marin County, Mid-Peninsula and San Francisco. However, Napa County was no exception to this quarter’s inventory shortages. The 269 homes sold in total…

 
McGuire Real Estate

Sonoma County Trends | McGuire Q4 2014

Posted On January 28th, 2015 by McGuire Real Estate | No Comments

Sonoma County was one of the few regions to post both quarter-over-quarter and year-over-year average sales price gains, with an average home sale of $604,819. This figure was up 10 percent from Q4 2013. Additionally, it was the first time Sonoma County homes have averaged above $600,000 since the first quarter of 2008. Although considered one of the Bay Area’s most affordable options, these numbers should only continue to grow. Sales volume was not strong, but the 1,110 homes sold was…

 
 
 

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