For $3,000 per month, this wonderful corner unit located in the heart of downtown can be yours!
Get ready to fall in love with this bright and fun 1Br/1Ba + office at the One Hawthorne. Built in 2010, this coveted corner unit is characterized by a spacious open floor plan, floor to ceiling windows on two sides, lots of wall space for art, and stylish wood floors throughout. Enjoy cooking and entertaining in a sleek open kitchen with high-end Bosch stainless steel appliances, including gas range, handsome gray quartz counters with breakfast bar, and Studio Becker soft close cabinetry. There is a spacious bedroom, large bathroom, in-unit washer dryer, and additional den space that could be used as a home office or child’s play area. One Hawthorne is a well maintained building with great amenities, including 24-hour staffed lobby, valet parking and on-site management. Offering a fitness center with cooling deck, bicycle storage, and impressive roof deck that has a deluxe barbecue, dining and lounge areas. Close to wonderful cafes, shopping, theaters and nightlife easily. Enjoy living in the center of the city near the new SF MOMA, Metreon and Yerba Buena for the Arts. Close to BART, MUNI and freeways.
The real estate market, specifically focusing with condos, tic, and co-ops for February continues to be hot. In the past few months, the market has seen much increased activity with the number of pending and sold sales. If you are considering buying or selling your condo or home, there is no better time than now! Feel free to reach out to discuss the current market, or for any advice!
In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of recording- low mortgage rates and purchases a home, housing inventor dropped even further. Experts consider this to be the biggest challenge facing an otherwise hot market whole buyers continue to compete for homes. As Danielle Hale, Chief Economist at realtor.com explains:
“With buyers active in the market and seller participation lagging, homes are selling quickly and the total number available for sale at any point in time continues to drop lower. In January as a whole, the number of for sale homes dropped below 600,000.
Every month, realtor.com releases new data showing the year- over-year change in inventory of existing homes for sale. As you can see in the map below, nationwide, inventory is 42.6% lower than it was at this time last year:
Does this mean houses aren’t being put on the market for sale?
Not exactly. While there are fewer existing homes being listed right now, many homes are simply selling faster than they’re being counted as currently inventory. The market is that competitive! It’s like when everyone was trying to find toilet paper to buy last spring and it was flying off the shelves faster than it could be stocked in the stores. That’s what’s happening in the housing market: homes are being listed for sale, but not at a rate that can keep up with heavy demand from competitive buyers.
“Time on the market was 10 days faster than last year meaning that buyers still have to make decisions quickly in order to be successful. Today’s buyers have many tools to help them do that, including the ability to be notified as soon as homes meeting their search criteria hit the market. By tailoring search and notifications to the homes that are a solid match, buyers can act quickly and compete successfully in this faster- paced housing market.”
The Good News for Homeowners
The health crisis has been a major reason why potential sellers have held off this long, but as vaccines been more widely available, homeowners will start making their moves. Ali Wolf, Chief Economist at Zonda, confirms:
“Some people will feel comfortable listing their home during the first half of 2021. Others will want to wait until the vaccines are widely distributed.”
With more homeowners getting ready to sell later this year, putting your house on the market sooner rather than later is the best way to make sure your listings shines brighter than the rest.
When you’re ready to sell your house, you’ll likely want to sell as quickly as possible, for the best price, and with little to no hassle. If you’re looking for these selling conditions, you’ll find them in today’s market. When demand is high and inventory is low, sellers have the ability to create optimal terms and timelines for the sale, making now an exceptional time to move.
Today’s housing market is a big win for sellers, but these conditions won’t last forever. If you’re in a position to sell your house now, you may not want to wait for your neighbors to do the same. Let’s connect to discuss how to sell your house safely so you’re able to benefit from today’s high demand and low inventory.
Have you been looking for the perfect space to combine your work and life space? Look no further because this condo could be the perfect place for you.
Characterized by its soaring ceilings & enormous windows, this fabulous loft-condo corner unit is a true live/work space with its own separate entrance along with an entrance from the lobby. The main live/work space has spectacular double high ceilings, great natural light, built-in shelves, & an open stairway which leads to the BR on the second floor, great for sheltering in place, working from home,& entertaining (post Covid). The recently renovated eat-in kitchen has quality stainless steel appliances, a beautiful tile floor, handsome Caesarstone countertops, recessed lighting, & ample cabinetry for maximum storage. Adjacent to the kitchen is a full bath with W/D. The upper-level BR has floor to ceiling windows, wood floors, a large closet, and remodelled ensuite bathroom. One car parking is included. Building amenities include a shared courtyard. Close to many wonderful restaurants,shops & parks, w/easy access to freeways, BART/MUNI,& corporate shuttles.Property is virtually staged.
Reach out to schedule a COVID Compliant listing today!
According to the latest CoreLogic, Home Price Insights Report, nationwide home values increased by 8.2% over the past twelve months. The dramatic rise was brought about as the inventory of homes for sale reached historic lows at the same time buyer demand was buoyed by record low mortgage rates. As CoreLogic explained:
“Home price growth remained consistently elevated throughout 2020. Home sales for the year are expected to register about 2019 levels. Meanwhile, the availability of for-sale homes has dwindled as demand increased and coronavirus outbreaks continued across the country, which delayed some sellers from putting their house on the market.
While the pandemic left many in positions of financial insecurity, those who maintained employment and income stability are also incentivized to buy given the record low mortgage rates available; this is increasing buyer demand whole for-sale inventory is in short supply. “
Where will home values go in 2021?
Home price appreciation in 2021 will continue to be determined by this imbalance of supply and demand. If supply remains low and demand is high, prices will continue to increase.
According to the National Association of Realtors, the current number of single- family homes for sale is 1,080,000. At the same time last year, that number stood at 1.450,000. We are entering 2021 with approximately 370,000 fewer homes for sale than there were one year ago.
However, there is some speculation that they inventory crush will ease somewhat as we move through the new year for two reasons:
As the health crisis eases, more homeowners will be comfortable putting their houses on the market.
Some households impacted financially by the pandemic will be forced to sell.
Low Mortgage rates have driven buyer demand over the past twelve months. According to Freddie Mac, rates stood at 3.72% at the beginning of 2020. Today, we are starting 2021 with rates one full percent lower than that. Low rates create a great opportunity for homebuyers, which is one reason why demand is expecting to remain high throughout the new year.
Taking into consideration these projections on housing supply and demand, real estate analytics forecast homes will continue to appreciate in 2021, but that appreciation may be at a steadier pace than last year. Here are the forecasts:
There’s still a very limited number of homes for sale for the great number of purchasers looking to buy them. As a result, the concept of supply and demand mandates that home values in the country will continue to appreciate.
It is exciting to put a house on the market and to think about making new memories in new spaces. However, despite the anticipation of what’s to come, we can still have deep sentimental attachments to the home we are leaving behind. Growing emotions can help or hinder a sale depending on how we manage them.
When it comes to the bottom line, homeowners need to know what it takes to avoid costly mistakes when its time to move. Being mindful and prepared for the process can help you stay on the right track when selling your house this year.
1. Price Your Home Right
When inventory is low, like it is in the current market, its common to think buyers will pay whatever we ask when setting a listing price. Believe it or not, that’s not always true. Don’t forget that the buyer’s bank will send an appraiser to determine the fair value for your house. The bank will not lend more than what the house is worth, so be aware that you might need to renegotiate the price after the appraisal. A real estate professional will help you to set the true value of your home.
2. Keep Your Emotions in Check
Today, homeowners are living in their houses for a longer period of time. Since 1985, the average tenure, or the time a homeowner has owned their home, has increased from 5 to 10 years as seen in the graphic below.
This is several years longer than what used to be the historical norm. The side effect, however is when you stay in one place for so long, you may get even more emotionally attached to your space. If its the first home you bought or the house where your child grew up, it very likely means something extra special to you. Every room has memories, and its hard to detach from the sentimental value.
For some homeowners, that makes it even harder to negotiate and separate the emotional value of the house from the fair market price. Thats why you need a real estate professional to help you with the negotiations along the way.
3. Stage your home properly.
We are generally quite proud of our decor and how we’ve customized our houses to make them our own unique homes, but not all buyers will feel the same way about your design. That’s why it’s so important to make sure you stage your house with the buyer in mind.
Buyers want to envision themselves in the space so it truly feels like it could be their own. They need to see themselves inside with their furniture and keepsakes- not your pictures and decorations. Stage and declutter so they can visualize their own dreams as they walk down the hall. A real estate professional can help you with tips to get your home ready to stage and sell.
Today’s sellers’ market might be your best chance to make a move. If you’re considering selling your house, lets connect so you have the help needed to navigate through the process while prioritizing these must-do’s.
Do you feel ready to embark down the path to homeownership? Read over these steps to familiarize yourself with the process!
The journey to becoming a homeowner today can seen overwhelming but these listed steps are here to simplify the process for you. The first step down the path begins with saving money for a down payment. The second step is to understand your credit score and clear up any outstanding debts. The next step would be to find a real estate agent who can guide you through the process. After, make sure to get pre-approved for a loan, to suggest that you are a motivated buyer. The fifth step would be to work with your real estate agent to find a home that meets your needs, which leads you to making an offer. Once the offer is accepted, make sure to have a home inspection to find any hidden issues with the home. After the inspection make sure to get a home appraisal to ensure the property is worth the price you would be paying. Once these steps are completed with your trusted agent by your side, close the sale by scheduling a date to sign all of the final paperwork! The last step being to move into your brand new home!