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McGuire Real Estate

Letter from the President « McGuire Q3 2014

Posted On October 23rd, 2014 by McGuire Real Estate | No Comments

Relative to the past two years, Bay Area real estate activity in the third quarter could almost be described as “ordinary,” or “commonplace.” Translated through the nation’s hottest market, however, such terminology would of course be more aptly worded as “excessively strong.” Overall, we saw several counties once again hit all-time average sales price highs. Meanwhile, sales volume generally remained stable—or at least balanced out from one county to the next. The rapid pace of turnaround time for Bay Area…

 
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Regional Market Trends « McGuire Q3 2014 Report

Posted On October 23rd, 2014 by McGuire Real Estate | No Comments

Overall, strong and steady was the name of the game for Bay Area real estate in Q3 2014. The average home sale price of $883,949 was a minor fluctuation from the previous quarter, and an 11 percent gain year-over-year from the $796,295 seen in Q3 2013. While limited inventory continues to be an issue for buyers across the Bay Area, sales volume was extremely solid this quarter in relation to what we’ve witnessed over the past few years. In fact,…

 
McGuire Real Estate

Luxury Market Trends « McGuire Q3 2014 Report

Posted On October 23rd, 2014 by McGuire Real Estate | No Comments

The Bay Area luxury market, defined by the top 10 percent of all homes sold, performed along the same strong and steady lines of all regional sales this quarter. Average sales prices and sales volume were down from the historic heights we witnessed for this sector in Q2, but that comes as little surprise given the flurry of high-end properties that dominated the market’s peak season. The Mid-Peninsula easily took the top spot among the four luxury regions, with its…

 
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San Francisco SFH Trends « McGuire Q3 2014 Report

Posted On October 23rd, 2014 by McGuire Real Estate | No Comments

San Francisco’s Q3 numbers were consistent with a market that has been the subject of massive demand and low inventory over the past few years. The $1.377 million average sales price was up 7 percent from Q3 2013, but overall sales volume continued to drop. The total of 578 homes sold was 15 percent less than it was a year ago. These homes moved rapidly, with the average 28 DOM at an extremely brisk pace for this time of year….

 
McGuire Real Estate

San Francisco Condominium Trends « McGuire Q3 2014 Report

Posted On October 23rd, 2014 by McGuire Real Estate | No Comments

Similar to the single-family home market, inventory for San Francisco condominiums was also extremely limited during Q3. This continued to help spur hot sales gains, with the average unit closing at $1.11 million—up 14 percent from Q3 2013, and the second-highest figure in the market’s history. DOM stayed low at 33 days for the average sale. A total of 599 condominium units moved this quarter. This figure was down 16 percent from the previous quarter and 13 percent from Q3 2013….

 
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San Mateo County Trends « McGuire Q3 2014 Report

Posted On October 23rd, 2014 by McGuire Real Estate | No Comments

Out of the three counties with seven-figure home sales averages, the Peninsula bested San Francisco and Marin this quarter with an average sales price of $1.407 million. This number was an 8 percent improvement from Q3 2013, and the third consecutive quarter in which the area has had an average over the $1.4 million mark. San Mateo County also posted perhaps the healthiest numbers for buyers among the three seven-figure counties, with its 1,302 properties sold at a 5 percent…

 
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Marin County Trends « McGuire Q3 2014 Report

Posted On October 23rd, 2014 by McGuire Real Estate | No Comments

Prices held strong in Marin County, with the $1.367 million average home sale right in line with the previous quarter and at an 11 percent gain from Q3 2013. Much like San Francisco, however, inventory was extremely scarce here. The 613 properties sold was down 19 percent from the previous quarter and 12 percent from Q3 2013. The average 55 DOM remained consistent with the past few years. The desirability of this market is unquestionably apparent, as is reflected in…

 
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Napa County Trends « McGuire Q3 2014 Report

Posted On October 23rd, 2014 by McGuire Real Estate | No Comments

An attractive spot for sellers priced out of the tight San Francisco market, Napa County had the strongest resurgence of rising home sales prices of any Bay Area County this quarter. Its average home sale of $840,461 was both a 6 percent increase from the previous quarter and a noteworthy 26 percent increase from Q3 2013. It once again was an all-time record for an area that seems to increasingly prove it has very little in the way of a…

 
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Sonoma County Trends « McGuire Q3 2014 Report

Posted On October 23rd, 2014 by McGuire Real Estate | No Comments

The North Bay also saw strength in the form of Sonoma County’s all-time-high average sales price of $596,910. This number was up 9 percent from Q3 2013 and proved further that buyers priced out of areas like San Francisco and Marin County are seeing more affordable areas like Sonoma County as extremely enticing alternatives. In another positive turn for buyers, the 1,327 homes sold in Sonoma County this quarter was the highest mark in a year, and was up 7 percent…

 
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Alameda County Trends « McGuire Q3 2014 Report

Posted On October 23rd, 2014 by McGuire Real Estate | No Comments

Keeping with the theme of the strong and steady movement we saw for many of the more affordably priced counties, Alameda County posted a $755,289 average home sale—its second-highest figure of all time. This number was up 12 percent from Q3 2013 and is continued proof that the East Bay’s upward trajectory is as pervasive as any trend in Bay Area real estate. Adding health to the strength of these gains was the fact that Alameda County also saw a…

 
 
 

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