2019 is slated to produce a long list of multibillion-dollar IPOs from San Francisco Bay Area heavyweights like Lyft, Uber, Palantir, Pinterest, Airbnb, Slack, Postmates, and Instacart. The result will be a massive and sudden injection of liquid cash into a region already infamous for having the nation’s priciest real estate, according to Patrick Howell O'Neill, writing for Gizmodo. One of the projections in his article is the IPOs will produce 211 techie buyers to purchase property above $10 million, while thousands more are expected to buy above $1 million.

1. +14.2. Pricing momentum for condos/lofts fell
0.5 of a point to +7.6.
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.
2019 is slated to produce a long list of multi-
billion-dollar IPOs from San Francisco Bay
Area heavyweights like Lyft, Uber, Palantir,
Pinterest, Airbnb, Slack, Postmates, and
Instacart. The result will be a massive and
sudden injection of liquid cash into a region
already infamous for having the nation’s
priciest real estate, according to Patrick
Howell O'Neill, writing for Gizmodo.
One of the projections in his article is the
IPOs will produce 211 techie buyers to
purchase property above $10 million, while
thousands more are expected to buy above
$1 million.
To read the full article, go to
https://tinyurl.com/y45rc6qy
Sales prices of both single-family, re-sale
homes and condos/townhomes rose last
month from January with the average sales
price for condos/townhomes reaching a new
all-time high.
Sales continue to be anemic. There were only
110 single-family homes sold last month. The
monthly average is 226. Year-over-year,
home sales were off 36.8%.
There were 157 condos
sold last month, off 28.6%
year-over-year.
The sales price to list
price ratio, or what buyers
are paying over what
sellers are asking 106.9%
for homes and 101.6% for
condos/lofts.
Although multiple offers
continue to be the norm,
the number of offers on a
property continue to
decline.
Average days on market,
or the time from when a
property is listed to when it goes into
contract, was down to 30 for homes and 40
for condos/lofts.
for homes dropped 1.8 points to –20.1. Sales
momentum for condos/lofts was down 1.6
points to –5.6.
for single-family homes fell 0.7 of a point to
Hill & Company
1880 Lombard Street
San, Francisco 94123
Fax: (415) 202-1686
Cell: (415) 819-2663
AnnieWilliamsSF@gmail.com
http://www.anniewilliamshomes.com
DRE #01393923
Annie Williams
ANNIE WILLIAMS | ANNIEWILLIAMSSF@GMAIL.COM | HTTP://WWW.ANNIEWILLIAMSHOMES.COM
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San Francisco Homes: Sales Momentum
Sales Pricing © 2019 rereport.com
Feb 19 Month % Jan 19 Year % Feb 18
Median Price: 1,505,000$ 9.5% 1,375,000$ 11.5% 1,350,000$
Average Price: 1,878,466$ 11.8% 1,680,053$ 14.7% 1,637,887$
Home Sales: 110 15.8% 95 -36.8% 174
Sale/List Price Ratio: 108.2% 3.8% 104.2% -1.7% 110.1%
Days on Market: 30 -26.8% 41 3.4% 29
Feb 19 Month % Jan 19 Year % Feb 18
Median Price: 1,150,000$ 9.5% 1,050,000$ 16.6% 986,500$
Average Price: 1,368,026$ 16.2% 1,176,949$ 11.2% 1,229,737$
Home Sales: 157 42.7% 110 -28.6% 220
Sale/List Price Ratio: 102.6% 2.5% 100.1% -2.2% 105.0%
Days on Market: 40 -29.8% 57 11.8% 36
Trends at a Glance
(Single-family Homes)
(Condominiums)

2. March 1, 2019 -- Although certain confirmations were
delayed by the month-long government shutdown,
there can be no doubt that economic activity in the
fourth quarter of 2018 softened somewhat.
Data covering the end of that period is still trickling
out, but December seems a long time ago now, and
of course, things continue to change. Newer data
covering January and February suggest relatively
improving fortunes for the U.S. economy even as
there are a number of headwinds.
In his semi-annual testimony before Congress this
week, Federal Reserve Chairman Jay Powell noted
that the picture has turned more mixed, saying that
"Over the past few months we have seen some
crosscurrents and conflicting signals," and adding
that "Right now, the predominant risks to our econo-
my are slowing global growth."
After the December rate hike further spooked al-
ready-unnerved financial markets, the Fed took great
pains to explain that despite the increase, it had
moved to a more patient, neutral stance. That mes-
sage has been played at every opportunity, and
soothed markets have since improved measurably. It
was reiterated again this week by Mr. Powell.
"With our policy rate in the range of neutral, with
muted inflation pressures and with some of the down-
side risks we've talked about, this is a good time to
be patient and watch and wait and see how the situa-
tion evolves," he stated Tuesday before the Senate
Banking Committee.
Amid the worst December for stock markets in about
90 years and the highest 30-year fixed mortgage
rates in about 7, it's little wonder that housing starts
plummeted during the month. An 11.2% decline in
new residential construction was tallied during the
month, with housing starts dropping to 1.078 million
annualized units under construction. Single-family
starts declined by 6.7%, falling to 758,000 while
those for multi-family units slumped 20.4% to
320,000 units under construction. Permits for future
activity were rather improved by comparison, rising
by 0.3% to 1.326 million for the period. As well, build-
er sentiment also has improved of late, so the pro-
spects for firmer activity seem pretty solid. We'll get
the December report for sales of new homes on
March 4, but there will have been two months of
actual activity reflecting improving conditions since
then.
Lower mortgage rates help home sales, of course.
Since December's 7-year highs, 30-year fixed-rate
mortgages have retreated to one-year lows, and that
has sparked some interest. The National Association
of Realtors noted that its Pending Home Sales Index
rose by 4.6% in January compared to December, and
(Continued on page 4)
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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01-19
30-Year Fixed Mortgage Rates
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San Francisco Homes: Sold Prices & Unit Sales
(3-month moving average — $000's)
Ave Med Units © 2019 rereport.com
Unit
Median Average Sales DOM SP/LP Median Average Sales Median Average Sales
San Francisco 1,505,000$ 1,878,466$ 110 30 108.2% 11.5% 14.7% -36.8% 9.5% 11.8% 15.8%
D1: Northwest 1,630,000$ 2,710,273$ 11 40 104.9% -15.3% 37.2% 22.2% 3.5% 28.5% 0.0%
D2: Central West 1,605,000$ 1,606,481$ 15 20 118.6% 12.2% 14.1% 50.0% 16.8% 12.9% -16.7%
D3: Southwest 1,010,000$ 1,193,571$ 7 22 111.3% -1.5% -0.9% 16.7% 6.1% 21.0% 16.7%
D4: Twin Peaks 1,520,000$ 1,836,529$ 17 29 110.9% -17.8% -8.7% 13.3% -10.6% 15.6% 88.9%
D5: Central 2,275,000$ 2,635,462$ 13 22 106.1% -22.2% -22.3% -35.0% -10.8% -5.5% 0.0%
D6: Central North 2,450,000$ 2,450,000$ 2 4 106.9% 10.6% 5.2% -33.3% 36.1% 22.1% -33.3%
D7: North 4,065,000$ 3,850,000$ 6 59 97.0% -17.0% -27.1% 20.0% -13.4% -9.0% 100.0%
D8: Northeast 3,087,500$ 3,087,500$ 2 50 96.6% -38.2% -38.2% 100.0% 16.5% 16.5% 100.0%
D9: Central East 1,520,000$ 1,612,625$ 12 29 114.4% -6.5% 1.8% -14.3% 16.9% 21.8% 33.3%
D10: Southeast 965,000$ 1,014,300$ 25 32 112.7% -9.0% -10.4% 8.7% 3.9% 6.1% 13.6%
February Sales Statistics
(Single-family Homes)
Prices Yearly Change Monthly Change

3. ANNIE WILLIAMS
HILL & COMPANY
FAX: (415) 202-1686
ANNIEWILLIAMSSF@GMAIL.COM
DRE #013939230
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San Francisco Homes: Days on Market
© 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 — $000's)
Ave Med Units © 2019 rereport.com
Unit
Median Average Sales DOM SP/LP Median Average Sales Median Average Sales
San Francisco 1,150,000$ 1,368,026$ 157 40 102.6% 16.6% 11.2% -28.6% 9.5% 16.2% 42.7%
D1: Northwest 1,350,000$ 1,418,222$ 9 11 106.3% 13.9% 5.3% 0.0% 13.7% 16.0% 125.0%
D2: Central West 1,175,000$ 1,106,667$ 3 30 129.1% -14.2% -5.9% -57.1% 22.7% 15.6% 50.0%
D3: Southwest 1,022,500$ 1,022,500$ 2 74 92.0% 34.5% 34.5% 0.0% n/a n/a n/a
D4: Twin Peaks -$ -$ 0 0 0.0% n/a n/a n/a n/a n/a n/a
D5: Central 1,575,000$ 1,417,568$ 19 23 111.4% 7.7% -1.1% -26.9% 25.5% 4.7% 35.7%
D6: Central North 1,200,000$ 1,206,000$ 14 28 103.4% -1.2% -2.0% -39.1% 54.3% 16.5% 133.3%
D7: North 1,550,000$ 1,849,947$ 19 29 101.8% -6.1% -8.1% 26.7% 30.3% 25.8% 35.7%
D8: Northeast 1,025,000$ 1,584,882$ 17 71 97.7% -20.8% -5.1% 6.3% 5.1% 39.7% -5.6%
D9: Central East 1,075,000$ 1,322,930$ 63 42 101.0% 9.8% 15.7% -25.9% 8.6% 10.6% 61.5%
D10: Southeast 845,000$ 769,667$ 3 34 99.0% 32.3% 9.0% -72.7% 5.0% 0.1% -40.0%
February Sales Statistics
(Condos/TICs/Co-ops/Lofts)
Prices Yearly Change Monthly Change

4. Annie Williams
Hill & Company
1880 Lombard Street
San, Francisco 94123
with a 45- to 60-day lag to closing and re-
cordation, it would seem that we'll start to
see an upturn in existing home sales before
long.
With the still-solid GDP report covering the
fourth quarter leading the way, underlying
interest rates that influence fixed-rate mort-
gages moved higher late in the week and
mortgage rates are likely to follow. Howev-
er, the GDP report is backward-looking and
we're already two-thirds through the first
quarter of 2019, where incoming data has
generally has had a mixed-to-softer tone. With this
in mind, while odds may favor firmer mortgage
rates in the next week there will likely also be a
bit of present-reality tempering in place. As
(Continued from page 2)
such, we think that the average 30-year FRM as
reported by Freddie Mac next Thursday will rise by perhaps just four or five basis points.
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San Francisco Homes: Year-Over-Year Median SalesPrice Change
© 2019 rereport.com
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San Francisco Condos/Lofts: Year-Over-Year Median Sales Price Change
© 2019 rereport.com