The real estate market in San Francisco remains extremely competitive, with high demand and low inventory pushing home prices to new all-time highs. In April, the median price for single-family homes hit $1,000,000 for the first time, while the median price for condos/lofts reached $855,000. Sales have also doubled or tripled compared to the previous month. With continued expansion of Silicon Valley and an inventory of only around 500 homes for sale, experts predict prices will continue rising sharply due to lack of supply and high demand.

1. local market trends
The Real Estate Report
Sඉඖ Fකඉඖඋඑඛඋ඗
The sales price to list price ratio stayed over 100%
for the fourteenth month in a row. At 105.2%, the
ratio hasn't been higher since October 2005.
This is an extraordinarily tough market for buyers.
It’s important to be calm and realistic. If you don’t
know what to do or where to begin,
give me a call and let’s discuss your
situation and your options.
Prices Hit All-Time Highs
Well, that didn't take long. The median price for
single-family, re-sale homes in San Francisco hit
$1,000,000 for the first time ever. The median price
for condos/lofts reached $855,000, also an all-time
high.
Using a 3-month moving average, the median price
for condos/lofts is now up 4% over the last peak in
the market: July 2008. For single-family homes, the
3-month moving average is down 3% from the
peak: June 2007.
With the continued expansion of Silicon Valley into
the Market Street, we can expect demand to
continue to be strong.
The combination of high demand and low inventory
will push prices even higher. As of the 8th of the
month, there were only 506 homes, condos and
lofts for sale in San Francisco. At current rates of
sale, that's three weeks supply. In a normal market
we would see six month's supply!
We are seeing multiple offers on most homes being
sold.
Since January 2012, the 3-month moving average
median price for homes has increased 41%.
APRIL MARKET STATISTICS
Sales of single-family, re-sale homes more than
doubled from March: up 113.3%. Year-over-year,
sales were up 89.1%.
The sales price to list price ratio was 108.2% last
month. That's the highest it has been since
August 2005.
SALES MOMENTUM…
for single-family, re-sale homes in San Francisco
jumped 5.8 points to +7.7. Sales momentum for
condos/lofts dropped 1.9 points to +15.2.
PRICING MOMENTUM…
gained 1.5 points to +14.9. Pricing momentum for
condos/lofts rose 0.9 of a point to +16.1.
WE CALCULATE…
momentum by using a 12-month moving average
to eliminate seasonality. By comparing this year’s
12-month moving average to last year’s, we get a
percentage showing market momentum.
CONDO/LOFT STATISTICS…
Sales were up in April by 5.2% from March. Year-
over-year, sales fell 3.4%.
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 | Fax: (415) 202-1686
JUNE/JULY 2013
Inside This Issue
> LOCAL MARKET TRENDS.....................1
> MORTGAGE RATE OUTLOOK ...............2
> HOME STATISTICS ..............................2
> FORECLOSURE STATS ........................3
> CONDO STATISTICS ............................3
> MOMENTUM CHARTS ..........................4
May 13 Apr 13 May 12
Home Sales: 231 418 235
Median Price: 1,060,000$ 1,000,000$ 781,000$
Average Price: 1,549,607$ 1,365,340$ 1,130,156$
Sale/List Price Ratio: 108.0% 108.2% 103.7%
Days on Market: 31 32 46
May 13 Apr 13 May 12
Condo Sales: 364 285 299
Median Price: 832,500$ 855,000$ 700,000$
Average Price: 988,099$ 992,316$ 807,697$
Sale/List Price Ratio: 104.7% 105.2% 101.9%
Days on Market: 37 38 56
(Lofts/Tow nhomes/TIC)
Trends at a Glance
(Single-family Homes)
Homes: detached
YTD Peak % Trough % Peak Trough
3-month 55% 6% 59% Jun-07 Feb-12
12-month 21% -7% 22% Apr-08 Mar-12
Homes: attached
3-month 36% 7% 40% Jul-08 Jan-12
12-month 23% 3% 23% Aug-08 Jan-12
San Francisco Price Differences
from January 2012 & Peak & Trough
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San Francisco Homes: Year-Over-Year Median Sales Price Change
© 2013 rereport.com

2. Page 2
The Real Estate Report
The chart above shows the
National monthly average for
30-year fixed rate mortgages
as compiled by HSH.com. The
average includes mortgages of
all sizes, including conforming,
"expanded conforming," and
jumbo.
MORTGAGE RATE OUTLOOK
June 7, 2013 -- If anything, the waters became even
more muddied this week as it pertains to any change
in the Fed's QE policies. The latest data didn't
suggest enough strength to tilt the scale toward a
hastened exit, nor was there enough weakness to
swell hopes that the Fed's process of buying
mortgage-backed securities and Treasuries will
continue for a longer stretch yet.
While not exactly limbo, it does make it more difficult
to know what to expect. The Fed next meets to
discuss policy on June 18 and 19, and will release
updates to their own economic projections at that
time. Until then, the markets will continue to ruminate
over where we go from here,.
This will occur in the context of the highest mortgage
rates in a years' time. Despite remaining well below
historic norms and "natural" record lows (those
achieved pre-Fed market manipulations of the last
five years), at least a few folks have expressed
concerns about rates reaching 4%.
HSH.com's broad-market mortgage tracker -- our
weekly Fixed-Rate Mortgage Indicator (FRMI) --
found that the overall average rate for 30-year fixed-
rate mortgages powered ahead by another nine basis
points (0.09%) to 4.10%, a rise of nearly a half-
percentage point in five weeks' time. At the same
tme, the FRMI's 15-year companion bounded upward
by another seven basis points (0.07%) rise to 3.28%
for the week. FHA-backed 30-year FRMs added
another ten basis points to jump to an average rate of
3.74%, while the most popular ARM -- the 5/1 Hybrid
-- moved the least amount of the bunch, with just a
seven hundredths of a percentage point (0.07%)
upward bump to 2.77% for the week.
So here we are, with mortgage rates no longer
hanging very near record lows, but instead holding in
former-record-low territory. The fact is that the
economic news out this week wasn't poor enough to
help rates decline, not was it strong enough to
suggest that the Fed will go away quickly, or even
soon. With the June Federal Open Market Committee
meeting little more than a week away, there doesn't
seem anything new to suggest that they will begin the
process of tapering when it concludes. At the same
time, there was nothing to suggest that there is any
reason to wait until late this year to begin the
process, either.
3.0% 4.0% 5.0% 6.0% 7.0% 8.0%
01-06
04-06
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30-Year Fixed Mortgage Rates
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San Francisco Homes: Sold Prices & Unit Sales
(3-month moving average — $000's)
Ave Med Units © 2013 rereport.com
Unit
Median Average Sales DOM SP/LP Median Average Sales Median Average Sales
San Francisco 1,060,000$ 1,549,607$ 231 31 108.0% 35.7% 37.1% -1.7% 6.0% 13.5% -44.7%
D1: Northwest 1,445,000$ 1,760,119$ 21 36 109.3% 20.4% 15.4% 0.0% -10.0% -15.8% -50.0%
D2: Central West 850,000$ 893,096$ 41 21 114.4% 22.3% 21.8% 24.2% -0.6% -4.8% -37.9%
D3: Southwest 850,000$ 920,769$ 13 32 115.2% 58.4% 63.2% 8.3% 27.2% 27.4% -61.8%
D4: Twin Peaks 1,210,000$ 1,362,000$ 31 27 110.8% 31.8% 31.5% -16.2% 8.2% 15.4% -29.5%
D5: Central 1,575,000$ 1,766,645$ 35 31 110.5% 12.5% 9.1% 0.0% -3.4% -4.0% -45.3%
D6: Central North 2,725,000$ 2,728,775$ 4 21 112.1% 83.1% 86.2% 33.3% 147.7% 93.1% -60.0%
D7: North 3,590,000$ 4,422,083$ 24 28 101.7% 24.9% 15.5% 118.2% 21.7% 32.8% 9.1%
D8: Northeast 2,187,500$ 2,187,500$ 2 8 108.2% -29.4% -31.1% -33.3% -71.1% -71.1% -50.0%
D9: Central East 988,000$ 1,048,677$ 26 38 110.5% 31.4% 36.2% 44.4% -2.9% -9.4% -56.7%
D10: Southeast 580,000$ 577,261$ 33 39 107.6% 16.0% 19.3% -32.7% 4.4% 4.6% -54.2%
May Sales Statistics
(Single-family Homes)
Prices Yearly Change Monthly Change

3. Table Definitions
_______________
Median Price
The price at which 50% of
prices were higher and
50%were lower.
Average Price
Add all prices and divide by the
number of sales.
SP/LP
Sales price to list price ratio or
the price paid for the property
divided by the asking price.
DOI
Days of Inventory, or how many
days it would take to sell all the
property for sale at the current
rate of sales.
Pend
Property under contract to sell
that hasn’t closed escrow.
Inven
Number of properties actively
for sale as of the last day of the
month.
There were no notices of default filed in San Francisco
in May!!!!
There were only four notices of sale filed last month.
After the filing of a Notice of Trustee Sale, there are
only three possible outcomes. First, the sale can be
cancelled for reasons that include a successful loan
modification or short sale, a filing error, or a legal
requirement to re-file the notice after extended
postponements.
Alternatively, if the property is taken to sale, the bank
will place the opening bid. If a third party, typically an
investor, bids more than the bank's opening bid, the
property will be sold to the third party; if not, it will go
back to the bank.
FORECLOSURE STATISTICS
Only one home went back to the bank last month.
There are currently 189 properties scheduled for sale.
With the recent surge in prices, many of them will
probably be cancelled.
The total number of properties owned by the banks was
down 39.6% year-over-year. The banks now own
approximately 351 properties in the city.
For further details and a city-by-city breakdown of
foreclosure statistics, go to http://foreclosureradar.com.
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San Francisco Condos: Sold Prices & Unit Sales
(3-month moving average — $000's)
Ave Med Units © 2013 rereport.com
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San Francisco Condos/Lofts: Year-Over-Year Median Sales Price Change
© 2013 rereport.com
Unit
Median Average Sales DOM SP/LP Median Average Sales Median Average Sales
San Francisco 832,500$ 988,099$ 364 37 104.7% 18.9% 22.3% 21.7% -2.6% -0.4% 27.7%
D1: Northwest 800,000$ 859,515$ 15 36 108.0% 11.5% 5.6% 25.0% -4.2% 6.7% 36.4%
D2: Central West 889,000$ 787,000$ 4 17 112.9% 27.6% 15.3% 0.0% 123.6% 98.0% 100.0%
D3: Southwest 485,000$ 435,667$ 3 20 103.0% 108.8% 92.8% 0.0% 31.1% 14.6% 0.0%
D4: Twin Peaks 465,000$ 529,556$ 9 34 111.5% 82.2% 68.5% 80.0% 41.3% 10.1% 80.0%
D5: Central 950,000$ 998,136$ 59 30 111.4% 29.9% 18.9% 25.5% 2.7% 0.9% 31.1%
D6: Central North 858,500$ 890,396$ 36 31 108.4% 29.6% 17.8% 63.6% 1.8% 0.2% 12.5%
D7: North 1,150,000$ 1,307,488$ 40 75 103.1% 11.7% 3.2% 17.6% 0.0% 11.3% -2.4%
D8: Northeast 787,500$ 1,071,177$ 62 37 101.9% 7.2% 20.9% 21.6% -15.0% -16.9% 26.5%
D9: Central East 803,500$ 983,318$ 126 32 102.4% 25.5% 36.1% 44.8% 5.0% 9.6% 34.0%
D10: Southeast 430,000$ 405,511$ 9 38 102.9% 17.8% 10.1% 125.0% 38.7% 22.7% 200.0%
May Sales Statistics
(Condos/TICs/Co-ops/Lofts)
Prices Yearly Change Monthly Change

4. The Real Estate Market Trends Report is published and copyrighted by http://rereport.com.
THE REAL ESTATE REPORT
San Francisco
Annie Williams
Hill & Company
1880 Lombard Street
San Francisco 94123
Go online to see the full report
with the district by district breakdown:
HTTP://WWW.ANNIEWILLIAMSHOMES.COM
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San Francisco Homes: Sales Momentum
Sales Pricing © 2013 rereport.com
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San Francisco Condos/Lofts: Sales Momentum
Sales Pricing © 2013 rereport.com