Is it a Good Time to Sell?

Hint- YES!

Last year, many homeowners thought twice about selling their houses due to the onset of the health crisis. This year, however, homeowners are beginning to regain their confidence when it comes to selling safely. The latest Home Purchase Sentiment Index by Fannie Mae shows that 57% of consumers believe now is a good time to sell.

Doug Duncan, Vice President and Chief Economist at Fannie Mae Explains:

“Overall, the index’s monthly increase was driven largely by a substantial jump in the share of consumers reporting that it’s a good time to sell a home, with many citing favorable mortgages rates, high home prices, and low housing inventory as their primary rationale.”

Normally, spring is the busiest season in the housing market- the time when many homeowners decide to list their houses. While this is obviously not a normal year since the pandemic is still very much upon us, experts are optimistic that consumer positivity around selling will lead to more homeowners making moves this year. Duncan continues to say:

“We will pay close attention to see if this newfound optimism develops into a trend.”

What does this mean if you’re thinking of selling your house?

The fact that there are so few houses available for sale today is one driver that’s encouraging consumers to think more positively about selling. The National Association of Realtors (NAR) states:

“Total housing inventory at the end of the January amounted to 1.04 million units, down 1.9% from December and down 25.7% from one year ago (1.40 million).”

With so few homes available to buy, your house will be more likely to rise to the top of an eager purchaser’s wish list in this competitive market. Today’s high buyer activity is creating upward pressure on home prices and more multiple- offer scenarios. According to the Realtors Confidence Index Survey from NAR, the average home for sale is receiving 3.7 offers today, up from 2.3 offers just one year ago. This makes selling even more enticing.

In this kind of seller’s market, you have a huge advantage in the process. And here’s another win- you can also use your equity toward a down payment on a new home when you move.

Wondering where you’ll go if you try to move while it’s so challenging to find a home to buy? Well, in many areas, there are more homes available at the higher end of the market, so finding a move-up home may be less of an issue if you’re ready to search for your dream home this spring.

Bottom Line

If you pressed pause on selling your house last year, now may be the best time to put your plans back into motion while inventory is so low. Let’s connect today to get the process started.

Just Listed

101 Lombard Unit 712W


This remarkable condo features exceptional finishes, wide plank floors and quality upgraded fixtures making it a lovely oasis in North Waterfront. Designed with entertaining in mind, this condo has plenty of space to move around in, also ideal for working from home. The condo also features a private terrace with views of Coit Tower and Telegraph Hill. This prestigious 5-star amenity building has Resort-style Amenities, including 24-hour concierge services, heated outdoor pool and hot tub, and a fabulous club room and library. Close to Telegraph Hill, the Ferry Building, Waterfront, Parks, North Beach, FiDi, and Transportation.

Reach out to schedule a private showing today!

Don’t Miss: The Perfect Loft-like Condo!

This 2-BR loft like condo offers three levels of luxury living in the  heart of the North Slope of Potrero. Located in an award winning  complex the home has a great separation of spaces, which is  ideal for working from home or sheltering in place. Graced by  beautiful maple hardwood floors throughout, the entrance to the  unit on the main level leads to a large living space with soaring  13-foot ceilings & a wall of windows allowing for plenty of natural light and views of the neighborhood. Down the stairs to the lower level an efficient gourmet kitchen has quartz counters, high-end stainless steel appliances, ample cabinets, and a washer/dryer. Tucked away behind the kitchen there is a private bedroom and full bath, great as a guest room or home office, and a fabulous outdoor deck. Up the stairs on the top floor there is a spacious main bedroom with ensuite bath and walk-in closet. The floors and some of the lighting have been redone and the unit has been painted throughout. A great 1-car parking space completes the home. Building amenities include a beautiful garden area, perfect for barbecues and entertaining (Post Covid). The building is in an excellent location, with many neighborhood restaurants, cafes, and local businesses only one block away. Enjoy the advantage of being close to UCSF Mission Bay, Dogpatch, SOMA, Caltran and tech shuttles, with easy access to freeways 280 & 101.

New Classically-Inspired Building Coming to Nob Hill

Crescent Nob Hill Condominiums

Located at the summit of Nob Hill, the Crescent is a thoughtfully designed new building, the first new residential development on Nob Hill in more than 50 years. A truly special new upscale condominium community, it’s designed by one of the world’s most celebrated living architects, Robert A.M. Stern. Located on the corner of California and Powell Streets, the new construction will have a classic style which is harmonious with it’s historic neighborhood surroundings, and will surely contribute to the charm of Nob Hill. Offering 44 exceptional residences once completed, new homes are expected to be ready in January of 2020. The building’s interior design is by award winning designer Champalimaud. There will be three levels of lifestyle amenities,  a magnificent rooftop terrace overlooking the city, and a unique, lushly landscaped “Secret Garden”. The developer is Grosvenor, one of the world’s largest privately owned property developers, known for their other projects in the city, such as 288 Pacific and 1645 Pacific. Presale is happening in October 2019.

Ultimate Indoor/Outdoor Living in Russian Hill

Constructed in 2014 and part of a boutique 3-unit building, this 3 bedroom, 3.5 bathroom Russian Hill condominium is the ultimate in indoor/outdoor living. The finest finishes and every amenity rule.

Beautifully configured for entertaining, the dramatic great room opens onto a spacious, sunny terrace with an outdoor kitchen with a Fire Magic grill, Soleic outdoor cabinets, a Dekton countertop, and a gas fire pit. The deck flows out to an expansive south-facing garden that has been enhanced with an outdoor approximately 20-foot Christie projector movie theater with surround sound, perfect for movie night or large gatherings to watch your favorite sporting event. This lovely home is distinguished by its exquisite craftsmanship and inspired selection of appointments. The bright chef’s kitchen boasts Calacatta marble counters; Bertazzoni and Miele appliances; and abundant Liecht custom cabinetry and an expansive island.

The three bedrooms’ stunning en-suite bathrooms are appointed with Carrara marble, French limestone, and Waterworks fixtures. The suite on the lower level opens onto its own deck leading to a luxurious custom Nordic six-person sauna with LED controls. With a 288 sq. ft. upper deck*, a 1464 sq. ft. backyard*, and a 216 sq. ft. lower deck (not including the sauna)*, this home is the ultimate entertaining space.

The icing on the cake at 827 North Point is the electronic systems that are present, which include: Crestron home-automation system controlling aspects of the home directly from your phone, wherever you have service; a Sonos and Marantz sound system with Definitive Technology in-ceiling speakers in the living areas, bedrooms, and bathrooms; Sonance outdoor speakers through the yard and patio; 5.1 channel surround sound home theater in the living room; Lutron automatic lighting controls; multimedia wiring for Cat-6 network and distributed audio and video; a QMotion automatic shading system with remote controls; a Siedle front door entry system with a video and intercom; and a Crimewatch alarm system with sensors and cameras on all external doors. The home is completed by a convenient in-unit laundry (washer and dryer included), energy-efficient multi-zone radiant heat with Nest thermostats; and one-car parking and storage in the building’s garage.

*All sq. ft. measurements are per appraiser.

Contact Michelle Balog at (415)810-7890 for more information.

STYLISH AND SEXY VIEW CONDO IN NOB HILL

If Sex in the City and Mad Men had a love child, 10 Miller Place would be the product of their union. Located in prestigious Nob Hill, 10 Miller Place #1202 is a stylish and fun 1 bedroom, 1 bathroom condominium that was renovated in 2013 by noted San Francisco designer Benjamin Dhong. Mr. Dhong’s work has been featured in Architectural Digest, Elle Decor, House Beautiful, and the Wall Street Journal. The home showcases high ceilings, a large balcony, and stunning views of San Francisco landmarks including downtown, the Transamerica Building, the Bay Bridge, Treasure Island, and Coit Tower.

   

The living room has several designer touches such as coffered ceilings with elegant wallpaper; a mirrored wall; and custom built-ins with sliders that cleverly hide the TV. The kitchen is open to the the living room for maximum enjoyment of the breathtaking views and has marble countertops, a breakfast bar, a mirrored backsplash, a Blomberg refrigerator, a Bosch dishwasher, a Fagor oven, a Miele cooktop, and a GE Monogram microwave. Although an urban dwelling, this home has 2 storage closets in the entry way and a pantry/closet at the end of the breakfast bar as well as a large closet in the bedroom. The bathroom has a marble-top vanity and stall shower. Hardwood floors, crown molding, paneled doors, custom lighting, and 1-car parking complete this home.

  

 

10 Miller Place is a boutique high-rise building with a full-time doorperson (8 am – 11 pm, Monday to Friday) and common laundry facilities. Current HOA dues are $969 per month and include water, garbage, basic cable, wireless internet, gas, and property management as well as a portion towards reserves.

Located in Nob Hill just a few blocks from the Fairmont, the Mark Hopkins, Huntington Park, Chinatown, North Beach, and the Financial District, this is exactly where you want to be.