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McGuire Real Estate

McGuire’s Weekly Top 10 Properties Viewed » 07.30.15

Posted On July 30th, 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

President Letter: Bay Area Sales Prices & Volume Soar in Strongest Quarter on Record | McGuire Q2 2015

Posted On July 27th, 2015 by McGuire Real Estate | No Comments

An inventory-depleted first quarter gave way to both sellers and buyers re-entering the market en masse, leading to the most dominant sales quarter in Bay Area real estate history. While this included records of $10.319 billion in total sales and the average home garnering $991,076, perhaps the most reassuring fact was that sales volume rebounded to one of its highest levels in years. The sales volume swing—spurred in large part by first quarter buyer fatigue wearing off, a booming local…

 
McGuire Real Estate

Regional Market Trends | McGuire Q2 2015

Posted On July 27th, 2015 by McGuire Real Estate | No Comments

With both average sales prices and sales volume at towering heights, Q2 2015 marked the strongest quarter in the (recorded) history of the Bay Area real estate market. This included six of the seven counties we represent posting all-time average sales price records, as well as six of the counties posting year-over-year sales volume gains. There were several key factors for this stellar growth—which included the booming local economy, sellers re-entering the market after cautiously hanging back throughout the inventory-depleted first…

 
McGuire Real Estate

Luxury Market Trends | McGuire Q2 2015

Posted On July 27th, 2015 by McGuire Real Estate | No Comments

The luxury market—defined by the top 10 percent of all homes sold—was a driving factor in the sales price and volume gains we saw this quarter, as beneficiaries of the flush local economy are investing in affluent properties with little hesitation. San Francisco was a benchmark example of this trend, with its $5.756M average home sale representing a 30 percent gain year-over-year, and including 55 percent more luxury homes sold than in in Q2 2014. This included a $31 million sale in…

 
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San Francisco Trends » Single-Family Homes | McGuire Q2 2015

Posted On July 27th, 2015 by McGuire Real Estate | No Comments

San Francisco once again reset the bar with its average sales price of $1.831 million, up almost $200,000 from the previous record set in Q1. The city’s buzzworthy average was up 19 percent year-over-year, and was a $700,000 gain from when the real estate boom started to take effect in Q2 2012. As importantly, the 613 homes sold were up 3 percent year-over-year and 53 percent from the otherwise tame tally seen in Q1 2015. Despite skyrocketing prices, average DOM also dropped…

 
McGuire Real Estate

San Francisco Market Trends » Condominiums | McGuire Q2 2015

Posted On July 27th, 2015 by McGuire Real Estate | No Comments

The condominium sector once again posted a record average sales price with its $1.297 million average up 5 percent from the previous quarter and 11 percent from the previous year. With the tech economy booming and supply still severely low, such dwellings continue to be some of the most sought after in the Bay Area, as was evidenced by the average unit closing in just 28 DOM. Although the 647 units sold were down slightly from the previous year, it…

 
McGuire Real Estate

San Mateo County Market Trends | McGuire Q2 2015

Posted On July 27th, 2015 by McGuire Real Estate | No Comments

The Mid-Peninsula boasted both the strongest and arguably healthiest quarter in its market history. At $1.568 million, the average home sale price was a new record high, and was up 5 percent year-over-year. Keeping the momentum, the county’s 1,406 homes sold was the strongest quarterly tally on record—up 92 percent from Q1 2015 when only 733 properties sold. This large shift had much to do with buyers returning en masse after buyer fatigue in Q1, and also increased inventory after the…

 
McGuire Real Estate

Marin County Market Trends | McGuire Q2 2015

Posted On July 27th, 2015 by McGuire Real Estate | No Comments

Marin County broke the $1.5 million average home sale price for the first time in its market history, with Q2’s $1.501 average sale up 6 percent from the previous quarter and up 9 percent from the previous year. This record activity occurred while sales volume rebounded tremendously from the somewhat bleak Q1, with the 702 homes sold being an 87 percent gain from the previous quarter. Inventory remains scarce here, as Marin County was one of only two Bay Area home markets that…

 
McGuire Real Estate

Napa County Market Trends | McGuire Q2 2015

Posted On July 27th, 2015 by McGuire Real Estate | No Comments

Napa County for the most part stayed in line with the general trend of high average sales prices in Q2. However, buyers did find some relief here as this was the only Bay Area County not to see year-over-year gains in its average sales price. The $780,842 average home sale was the third-highest in market history, and was up 4 percent from the previous quarter. Buyers also benefited from the 347 home sales being up 40 percent from the previous quarter—ranking…

 
McGuire Real Estate

Sonoma County Market Trends | Q2 2015

Posted On July 27th, 2015 by McGuire Real Estate | No Comments

Apart from San Francisco, Sonoma County’s 12 percent year-over-year average sales price gain was the largest among all seven counties we represent. The $659,768 average home sale was also a 12 percent gain from the previous quarter, and was the highest quarterly average in the county’s history. Sales volume was also particularly strong here. The 1,370 home sales marked a 76 percent gain from Q1 2015 and an 11 percent gain from Q2 2014. This activity occurred as the average…

 
 
 

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