The median price for lofts/townhomes surged 15% in April from March. It was up 4.5% year-over-year. The average price just missed tying the all-time high by $500. After an incredible rise in sales of both singlefamily, re-sale homes and lofts/townhomes in March, sales declined in April, which is unusual. But, there's just not a lot of inventory. Combine that with the incredible demand, and it's no wonder prices are surging.

1. The Real Estate Report
The median price for lofts/townhomes surged 15%
in April from March. It was up 4.5% year-over-year.
The average price just missed tying the all-time
high by $500.
After an incredible rise in sales of both single-
family, re-sale homes and lofts/townhomes in
March, sales declined in April, which is unusual.
But, there's just not a lot of inventory. Combine that
with the incredible demand, and it's no wonder
prices are surging.
Year-to-date, home sales are up 7.1% while condo
sales are down 3.0%.
The sales price to list price ratio stayed over 100%
for both homes and condos/townhomes.
For homes, the sales price to list price ratio has
stayed over 100%, except for one month, since
March 2012. For condos/townhomes, the ratio has
stayed over 100% each month since March 2012.
Homes were on the market an average of 32 days
in April, while condos/townhomes took 38 days to
sell.
APRIL SALES STATISTICS
Sales momentum…
for homes fell 0.6 of a point to -0.4. Sales
momentum for condos/townhomes lost 0.9 of a
point to –12.4.
Pricing momentum…
for single-family homes stayed solidly on the
sellers’ side, even though it fell 1.3 points to +11.6.
Pricing momentum for condos/lofts fell 1.2 points to
+9.2.
Our momentum statistics are based on 12-month
moving averages to eliminate monthly and
seasonal variations.
This is an extraordinarily tough market for buyers.
It's important to be calm and realistic. If you don't
know what to do or where to begin, give me a call
and let's discuss your situation and your options.
Hill & Company
1880 Lombard Street
San Francisco 94123
Fax: (415) 202-1686
Cell: (415) 819-2663
AnnieWilliamsSF@gmail.com
http://www.anniewilliamshomes.com
DRE #01393923
Annie Williams
Annie Williams | AnnieWilliamsSF@gmail.com | Fax: (415) 202-1686
Median Price for Lofts/Townhomes Hits New High
_____________________
VISIT
http://www.anniewilliamshomes.com
for a free on-line market analysis
of your property. You can also
perform your own personal
search of properties for sale.
Local Market Trends May/June 2016San Francisco
Apr 16 Mar 16 Apr 15
Home Sales: 198 251 209
Median Price: 1,400,000$ 1,100,000$ 1,350,000$
Average Price: 1,794,963$ 1,437,464$ 1,798,537$
SP/LP: 111.0% 109.3% 113.5%
Days on Market: 32 29 23
Apr 16 Mar 16 Apr 15
Condo Sales: 214 284 268
Median Price: 1,149,500$ 999,175$ 1,100,500$
Average Price: 1,370,515$ 1,164,603$ 1,339,529$
SP/LP: 104.0% 104.7% 107.2%
Days on Market: 38 29 32
(Lofts/Tow nhomes/TIC)
(Single-family Homes)
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San Francisco Homes: Sales Momentum
Sales Pricing © 2016 rereport.com

2. FED SHADOW PASSES, RATES TO EASE AGAIN
April 29, 2016 -- Although we are certainly in an age
of transparent central banking, not one really knows
what the Fed will do at any point. It's not even clear if
FOMC members come into meetings with their minds
made up or have a fully-developed sense of where
the economy and monetary policy will go or develop
those as they exchange ideas with peers at each
policy meeting.
That said, it's not all that hard to be able to discern
the big moves -- a rate change, the expansion or
termination of a support program, etc. -- but more
subtle changes to posture and language bear
thoughtful consideration. This week, as expected, the
Fed met and concluded its meeting with no change to
the federal funds rate and no specific indication that a
move to short-term rates is imminent. Without clarity,
markets will be left to sift through the data that comes
over the next six weeks an ascribe ever-changing
probabilities for a move in rates.
Even as the Fed may have made a suggestion that it
is more comfortable with the economic situation than
back in March, that it didn't more clearly or forcefully
signal a forthcoming move allowed interest rates to
begin to back down as the week closed. For the mo-
ment, though, we did finish this week on a more ele-
vated note, but that probably won't hold.
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 rose by eight basis points (.08 per-
cent), bumping upward to an average rate of 3.76
percent. The FRMI's 15-year companion didn't follow
in lockstep, but instead added five basis points to last
week's final figure to edge up to an average 3.12
percent. Popular with first-time homebuyers, rates on
fully-insured FHA-backed 30-year FRMs remain con-
siderably below their Fannie and Freddie counter-
parts and increased by just four basis points, firming
to an average interest rate of 3.56 percent. Mean-
while, the overall 5/1 Hybrid ARM increased by five
one-hundredths of one percent to climb to 2.97 per-
cent for the week.
The Fed meeting closed with at least one oblique
clue in that, back in March, the Fed noted that "global
economic and financial development continue to
pose risks" to growth and inflation here. The April
statement omitted the clause; we take this to mean
that the more stable financial market climate since
the last meeting, should it persist for a while, may
give the Fed sufficient space to lift rates as early as
June, but possibly a little further down the road than
that.
Annie Williams
http://www.anniewilliamshomes.com
Fax: (415) 202-1686
2 Local Market Trends | San Francisco |
Mortgage Rate Outlook
The chart above shows the National
monthly average for 30-year fixed rate mort-
gages as compiled by HSH.com. The aver-
age includes mortgages of all sizes, includ-
ing conforming, "expanded conforming,"
and jumbo.
May/June 2016
0
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San Francisco Homes: Sold Prices & Unit Sales
(3-month moving average — $000's)
Ave Med Units © 2016 rereport.com
Unit
Median Average Sales DOM SP/LP Median Average Sales Median Average Sales
San Francisco 1,400,000$ 1,794,963$ 198 32 111.0% 3.7% -0.2% -5.3% 27.3% 24.9% -21.1%
D1: Northwest 1,890,000$ 2,120,591$ 22 19 110.3% 3.6% -3.5% -8.3% -18.4% -7.0% 100.0%
D2: Central West 1,200,000$ 1,268,588$ 40 26 119.5% 4.7% 3.7% 14.3% 2.0% -0.3% 37.9%
D3: Southwest 1,050,000$ 1,133,711$ 19 33 109.7% 8.2% 16.4% 11.8% 8.2% 2.0% 58.3%
D4: Twin Peaks 1,475,000$ 1,509,964$ 28 27 112.6% 18.0% -1.9% 3.7% 13.5% 1.6% 21.7%
D5: Central 2,250,000$ 2,476,983$ 25 32 108.1% 2.3% -1.6% -19.4% -3.2% 1.5% 8.7%
D6: Central North 1,300,000$ 1,781,250$ 4 52 102.6% -42.2% -46.4% 33.3% -54.1% -37.1% 300.0%
D7: North 4,500,000$ 5,310,769$ 13 67 107.4% -14.3% -16.3% 30.0% 9.1% -2.5% 30.0%
D8: Northeast -$ -$ 0 0 0.0% n/a n/a n/a n/a n/a n/a
D9: Central East 1,687,500$ 1,736,750$ 16 33 114.7% 17.2% 13.3% -36.0% 16.2% 18.4% -11.1%
D10: Southeast 850,000$ 913,194$ 31 33 111.7% 7.6% 11.4% -6.1% -2.4% 0.2% 29.2%
April Sales Statistics
(Single-family Homes)
Prices Yearly Change Monthly Change
3.0% 4.0% 5.0% 6.0% 7.0% 8.0%
01-07
07-07
01-08
07-08
01-09
07-09
01-10
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30-Year Fixed Mortgage Rates

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 pf properties actively for
sale as of the last day of the month.
Annie Williams
http://www.anniewilliamshomes.com
Fax: (415) 202-1686
Local Market Trends | San Francisco | 3May/June 2016
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San Francisco Homes: Year-Over-Year Median SalesPrice Change
© 2016 rereport.com
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San Francisco Condos: Sold Prices & Unit Sales
(3-month moving average — $000's)
Ave Med Units © 2016 rereport.com
Unit
Median Average Sales DOM SP/LP Median Average Sales Median Average Sales
San Francisco 1,149,500$ 1,370,515$ 214 38 104.0% 4.5% 2.3% -20.1% 15.0% 17.7% -24.6%
D1: Northwest 889,000$ 959,387$ 8 37 113.6% -32.4% -21.3% 0.0% -30.3% -19.2% -50.0%
D2: Central West 959,500$ 1,007,250$ 4 48 98.0% 0.2% -6.5% -33.3% 7.2% 9.6% 0.0%
D3: Southwest 664,000$ 664,000$ 2 21 116.2% 8.4% 6.7% -50.0% -28.4% -28.2% -66.7%
D4: Twin Peaks 658,000$ 668,333$ 3 35 101.0% -39.4% -31.4% -40.0% 8.8% 10.5% 200.0%
D5: Central 1,380,000$ 1,481,819$ 24 26 106.7% 10.9% 19.3% -44.2% 12.7% 14.7% -20.0%
D6: Central North 1,235,000$ 1,148,152$ 16 31 110.8% 8.8% 2.2% -20.0% 9.3% -2.5% -23.8%
D7: North 1,348,750$ 1,625,475$ 20 25 107.5% -17.3% -17.5% -25.9% -19.0% -10.9% 5.3%
D8: Northeast 1,105,000$ 1,458,900$ 49 31 105.1% 7.3% -1.0% 4.3% 18.8% 4.8% 48.5%
D9: Central East 1,190,000$ 1,385,088$ 85 50 100.2% 10.2% 3.8% -12.4% 8.7% 13.7% -20.6%
D10: Southeast 780,500$ 780,500$ 2 52 102.9% 11.5% 14.1% -71.4% 28.6% 28.4% -66.7%
April Sales Statistics
(Condos/TICs/Co-ops/Lofts)
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 © 2016 rereport.com

4. THE REAL ESTATE REPORT
San Francisco
This Real Estate Report is published and copyrighted by http://rereport.com.
Information contained herein is deemed accurate and correct, but no warranty is implied or given.
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 Condos/Lofts: SalesMomentum
Sales Pricing © 2016 rereport.com
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San Francisco Condos/Lofts: Year-Over-Year Median Sales Price Change
© 2016 rereport.com