"After setting a new high in June, the median sales price for single-family, re-sale homes fell in July. It was down 9.1% from June, but, it was up 18.5% year-over-year."

1. --
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Hill & Company
1880 Lombard Street
San, Francisco 94123
Fax: (415) 202-1686
Cell: (415) 819-2663
AnnieWilliamsSF@gmail.com
http://www.anniewilliamshomes.com
DRE #01393923
Annie Williams
ANNIE WILLIAMS | ANNIEWILLIAMSSF@GMAIL.COM | HTTP://WWW.ANNIEWILLIAMSHOMES.COM
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San Francisco Homes: Sales Momentum
Sales Pricing © 2019 rereport.com
Jul 19 Month % Jun 19 Year % Jul 18
Median Price: 1,600,000$ -9.1% 1,760,000$ 18.5% 1,350,000$
Average Price: 1,964,755$ -9.6% 2,172,580$ 15.7% 1,698,121$
Home Sales: 207 14.4% 181 -38.8% 338
Sale/List Price Ratio: 111.8% 1.0% 110.7% 2.8% 108.8%
Days on Market: 23 4.5% 22 -17.1% 28
(Condominiums)
Jul 19 Month % Jun 19 Year % Jul 18
Median Price: 1,227,500$ -5.6% 1,300,000$ 11.6% 1,100,000$
Average Price: 1,323,144$ -8.6% 1,447,215$ 11.0% 1,191,862$
Home Sales: 234 -6.8% 251 -23.8% 307
Sale/List Price Ratio: 106.7% 1.0% 105.7% 0.1% 106.6%
Days on Market: 32 3.2% 31 7.2% 30
Trends at a Glance
(Single-family Homes)

2. August 2, 2019 -- In about as widely adver-
tised a move as is possible, the Federal Re-
serve cut short-term interest rates this week.
As it was widely expected, the initial reaction
by financial markets was mostly muted, but
additional statements by Fed Chairman Jay
Powell disappointed stock investors, who
were hoping for either a larger cut now or an
implicit promise that more cuts were likely to
come. They got neither; in fact, the Fed
chair characterized the first cut in the federal
funds rate as a "mid-cycle adjustment", and
proffered that the FOMC didn't see this as
"the beginning of a long series of rate cuts"
even though the Fed certainly hadn't ruled
out future rate reductions, either.
Construction spending slumped again in
June, declining by 1.3% overall. Soft spend-
ing on residential structures (-0.5%) was
joined by a third decline in outlays for com-
mercial building and a second monthly fall in
public-sector spending. The headline de-
cline now sees construction spending 2.1%
below the same time last year, and given
modest sales of new homes, the ongoing
saga with retailers and more it may be hard
for construction spending to gain much trac-
tion in the near term.
Mortgage rates had been roughly holding a
plateau -- in fact, in four of the last five
weeks the average offered rate for a con-
forming 30-year sported a 3.75% rate with
just one slight flare higher to break it up.
Until Friday, that looked to be the case for
another week, but no more. The stable peri-
od for rates will break next week, when it
looks like a fair-sized decline will be hitting
the markets. At present, the decline in the
30-year FRM when Freddie Mac reports
next Thursday is likely to be perhaps 10-12
basis points, but could be a little more or
less depending on how much residual disap-
pointment and concern remains in global
stock markets early next week.
ANNIE WILLIAMS
HILL & COMPANY
FAX: (415) 202-1686
ANNIEWILLIAMSSF@GMAIL.COM
DRE #01393923
The chart above shows the National month-
ly average for 30-year fixed rate mortgages
as compiled by http://www.freddiemac.com/.
3.0% 4.0% 5.0% 6.0%
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30-Year Fixed Mortgage Rates
Unit
Median Average Sales DOM SP/LP Median Average Sales Median Average Sales
San Francisco $1,600,000 $1,964,755 207 23 111.8% 18.5% 15.7% -38.8% -9.1% -9.6% 14.4%
D1: Northwest $1,958,000 $2,947,627 17 43 103.0% 5.4% 9.2% 21.4% -22.7% 16.2% 21.4%
D2: Central West $1,403,500 $1,489,719 38 19 117.6% -9.5% -6.3% -7.3% -5.2% -4.0% 65.2%
D3: Southwest $1,305,000 $1,302,294 17 20 124.0% 1.3% -6.4% 21.4% -13.3% -8.9% 30.8%
D4: Twin Peaks $1,750,000 $1,973,395 27 22 110.6% 12.2% 16.7% -12.9% -2.8% -4.4% -15.6%
D5: Central $1,255,000 $1,353,357 14 22 107.8% 10.8% 15.7% 35.5% -9.0% 4.8% 31.3%
D6: Central North $2,275,000 $2,735,000 3 31 94.4% -23.7% -5.7% -40.0% -10.8% 1.1% -40.0%
D7: North $7,535,000 $7,535,000 2 33 112.0% 53.8% 22.8% -71.4% -12.2% -10.8% -71.4%
D8: Northeast $3,600,000 $3,600,000 1 21 112.5% 17.6% 17.6% -50.0% 29.6% 37.2% -75.0%
D9: Central East $1,700,000 $1,779,771 24 19 113.5% -2.9% -2.1% 14.3% -2.9% -4.4% 41.2%
D10: Southeast $929,000 $956,344 22 40 105.3% -7.0% -10.4% 33.3% 0.7% -4.9% 5.9%
July Sales Statistics
(Single-family Homes)
Prices Yearly Change Monthly Change
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San Francisco Homes: Sold Prices & Unit Sales
(3-month moving average — $000's)
Ave Med Units © 2019 rereport.com

3. ANNIE WILLIAMS
HILL & COMPANY
FAX: (415) 202-1686
ANNIEWILLIAMSSF@GMAIL.COM
DRE #0139392380.0%
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San Francisco Homes: Sales Price to List Price Ratio
© 2019 rereport.com
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San Francisco Condos/Lofts: SalesMomentum
Sales Pricing © 2019 rereport.com
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San Francisco Condos: Sold Prices & Unit Sales
(3-month moving average — $000's)
Ave Med Units © 2019 rereport.com
Unit
Median Average Sales DOM SP/LP Median Average Sales Median Average Sales
San Francisco $1,227,500 $1,323,144 234 32 106.7% 11.6% 11.0% -23.8% -5.6% -8.6% -6.8%
D1: Northwest $1,405,000 $1,500,357 14 21 106.7% 8.1% 2.0% 40.0% 8.1% 14.3% 40.0%
D2: Central West $1,250,000 $1,383,333 3 28 114.0% -10.7% 11.3% 0.0% -9.1% -4.1% 0.0%
D3: Southwest $895,000 $895,000 1 16 119.5% 10.5% -1.9% -75.0% -0.6% -11.9% -66.7%
D4: Twin Peaks $689,000 $689,000 1 57 100.0% -25.1% -15.0% -85.7% -42.6% -30.3% -80.0%
D5: Central $1,502,500 $1,547,295 38 18 113.8% 14.7% 21.7% -13.6% -0.5% 1.3% -9.5%
D6: Central North $1,287,500 $1,337,354 24 47 111.4% 1.6% 8.1% -14.3% -8.7% -4.2% 0.0%
D7: North $1,285,000 $1,561,333 21 25 106.0% -18.2% -7.1% -41.7% -30.5% -23.3% -27.6%
D8: Northeast $960,000 $1,120,132 34 49 102.2% -15.0% -6.9% -12.8% -19.2% -32.4% 17.2%
D9: Central East $1,252,500 $1,349,634 74 30 103.3% 13.9% 9.6% -22.1% 2.2% 2.7% -16.9%
D10: Southeast $842,500 $812,400 10 28 108.6% -4.5% -9.9% 25.0% 8.7% 5.6% 66.7%
July Sales Statistics
(Condos/TICs/Co-ops/Lofts)
Prices Yearly Change Monthly Change

4. Annie Williams
Hill & Company
1880 Lombard Street
San, Francisco 94123
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San Francisco Homes: Year-Over-Year Median SalesPrice
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© 2019 rereport.com
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San Francisco Condos/Lofts: Year-Over-Year Median Sales Price
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© 2019 rereport.com