NorCal Monthly Market Insights Report: February 2024
Compass California Blog
by Compass
1M ago
Market indicators look very positive as the market is warming up in the new year. Click the links below to access monthly market updates by Bay Area region. National Market Report Bay Area Home Price Maps San Francisco San Mateo County Santa Clara County Stanford Circle Cities Marin County Sonoma County Napa County Oakland-Berkeley Inner East Bay Tri-Valley, South Alameda County Diablo Valley Lamorinda North Contra Costa County Santa Cruz County Monterey County Greater Sacramento Market: Sacramento County Placer County El Dorado County Lake Tahoe Market: North Lake Tahoe + Truckee South ..read more
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Discover One&Only Moonlight Basin Private Homes in Big Sky, Montana
Compass California Blog
by Compass
1M ago
All eyes are on Big Sky! Introducing One&Only Moonlight Basin Private Homes. Situated in the untamed wilderness of Big Sky, Montana. Designed by renowned architects Olson Kundig, One&Only Moonlight Basin Private Homes are available with a choice of five and six bedrooms, in two- and three-story plans, ranging from $9M-$15M+.  As a One&Only Private Homeowner, you gain access to a coveted network of privileges, not only at Moonlight Basin but across the One&Only world. From exclusive events and priority bookings to preferential rates and special access, you can enjoy more ..read more
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Hawai’i Quarterly Market Insights Report: Q4 2023
Compass California Blog
by Compass
2M ago
In this report, you’ll find a high level snapshot of the trends shaping the market for each neighborhood across Hawai’i. The full report is available here: Hawai’i Q4 2023 Market (Micro) Insights Report The post Hawai’i Quarterly Market Insights Report: Q4 2023 first appeared on California Real Estate Blog ..read more
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NorCal Monthly Market Insights Report: January 2024
Compass California Blog
by Compass
2M ago
The 2023 market was characterized by high interest rates, financial market uncertainty, surprisingly strong demand (considering the first two issues), and an extremely low supply of new listings – which maintained upward pressure on prices, even as housing affordability dropped. Sales numbers plunged due to loan rates and the inadequate supply of homes for sale, while for prospective sellers, the motivation to move was reduced by the mortgage lock-in effect. With interest rates falling, and economic conditions and consumer confidence rebounding, the big question is how much do rates need to f ..read more
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NorCal Monthly Market Insights Report: December 2023
Compass California Blog
by Compass
3M ago
A Sudden, Positive Shift in Economic Indicators  “For the third sixth straight week, mortgage rates trended down, as new data indicates that inflationary pressures are receding. The combination of continued economic strength, lower inflation and lower mortgage rates should likely bring more potential homebuyers into the market.” Freddie Mac (FHLMC) Stock and bond markets – which greatly impact household wealth, consumer confidence, and interest rates – were generally characterized by deep pessimism in October, but with significant changes in economic indicators such as inflation, an ..read more
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NorCal Monthly Market Insights Report: November 2023
Compass California Blog
by Compass
4M ago
Rising Interest Rates Continued to Impact Supply & Demand in October, But Early November Brings Big Shift in Economic Indicators The heart of the autumn selling season was dominated by global conflict, falling stock markets – and interest rates jumping to their highest point in 23 years, further discouraging buyers who require financing, and prospective sellers reluctant to abandon their current loan terms. Then on November 1st, the October jobs report came out, the Fed extended their pause on raising its benchmark rate, and the Treasury Department issued revised guidance pertaining to up ..read more
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SoCal Quarterly Market Insights Report: Q3 2023
Compass California Blog
by Compass
5M ago
It is our pleasure to bring you the Compass SoCal Q3 2023 Market Report. Third-quarter home sales activity around Southern California declined in part due to interest rates. Exceptions included the Santa Barbara County beach town of Carpinteria where home sales activity increased by 38 percent. An 8 percent decline in the median sales price for single-family homes in Carpinteria to $1.6 million may have fueled that activity.  Heading down the coast to Malibu Beach the median price for single-family homes increased by a hefty 106 percent to $13.6 million. Those buyers took their time as a ..read more
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NorCal Monthly Market Insights Report: October 2023
Compass California Blog
by Compass
5M ago
Economic indicators have been challenging since the fall selling season began: Interest rates continued to rise through early October and stock markets generally continued to fall from mid-summer, YTD highs. The country faced yet another threat of a federal government shutdown, which happily didn’t occur, but, unbelievably, another such crisis may soon confront us again. Markets remain volatile and hard to predict, often reacting negatively to positive economic news (such as employment numbers) as they wait for new inflation numbers and try to parse the possible reaction of the Fed. Any defin ..read more
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LuxeSF and San Francisco Magazine release their 2023 The Leading 100 list naming the top performers in Bay Area real estate
Compass California Blog
by Compass
7M ago
LuxeSF and San Francisco magazine, in partnership with the respected RealTrends organization, released their 2023 The Leading 100 list on August 17th, which recognizes outstanding top performers in Bay Area residential real estate based on their individual and team dollar sales volume. Compass takes great pride in acknowledging the accomplishments of our 54 agents and teams who have secured a spot on this year’s list – more than any other brokerage in the Bay Area. This achievement stands as a testament to their unwavering dedication, profound industry passion, and their lasting commitment to ..read more
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SoCal Quarterly Market Insights Report: Q2 2023
Compass California Blog
by Compass
9M ago
It is our pleasure to bring you the Compass SoCal Q2 2023 Market Report The second quarter was challenging around Southern California. Interest rates continued to rise, impacting the market. Sellers were reticent to list their homes giving up mortgages with lower interest rates. Buyers found their purchasing power diminished due to higher rates. The result—sales activity fell throughout much of Southern and Central California. Single-family homes attractive during the COVID market found fewer buyers writing offers and closing transactions. The median sales price for those homes declined in ma ..read more
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