Sales Continue to Surge - Sales of single-family, re-sale homes rose again in February, gaining 36.5% year-over-year. They were up 2.6% from January. There were 157 homes sold in San Francisco last month. The average since 2000 is 214. The average sales price for homes rose 17.4% year-over-year. The median sales price for single-family, re-sale homes rose 5.6% year-over-year.

1. If you are planning on selling your property,
call me for a free comparative market
analysis.
Sales of single-family, re-sale homes
rose again in February, gaining 36.5%
year-over-year. They were up 2.6% from
January. There were 157 homes sold in
San Francisco last month. The average
since 2000 is 214.
The average sales price for homes rose
17.4% year-over-year.
The median sales price for single-family,
re-sale homes rose 5.6% year-over-year.
The median sales price for condos/lofts
was down 6.4% year-over-year.
The average sales price was off 3.2%
year-over-year.
Sales of condos/lofts rose 42.1% year-
over-year. There were 253 condos/lofts
sold last month. The average since 2000
is 230.
The sales price to list price ratio, or what
buyers are paying over what sellers are
asking, rose from 103.1% to 105.2 % for
homes. The ratio for condos/townhomes
rose from 98.2% to 100.2%.
Average days on market, or the time from
when a property is listed to when it goes
into contract, was 29 for homes and 64
for condos/lofts.
for homes rose 1.6 points to +6.7. Sales
momentum for condos/lofts was up 2.1
points to +1.3.
for single-family homes
fell 0.2 of a point to
+3.4. Pricing
momentum for
condos/lofts fell 1.8
point3 to –4.8.
Our momentum
statistics are based on
12-month moving
averages to eliminate
monthly and seasonal
variations.
Sotheby's International Realty
117 Greenwich Street
San, Francisco, CA 94111
Cell: (415) 819-2663
AnnieWilliamsSF@gmail.com
http://www.anniewilliamshomes.com
Annie Williams & Miriam Wells
ANNIE WILLIAMS & MIRIAM WELLS | ANNIEWILLIAMSSF@GMAIL.COM | HTTP://WWW.ANNIEWILLIAMSHOMES.COM
Feb 21 Month % Jan 21 Year % Feb 20
Median Price: 1,700,000
$ 8.3% 1,570,000
$ 5.6% 1,610,000
$
Average Price: 2,293,981
$ 18.8% 1,931,721
$ 17.4% 1,953,875
$
Home Sales: 157 2.6% 153 36.5% 115
Sale/List Price Ratio: 105.2% 2.0% 103.1% -3.0% 108.4%
Days on Market: 29 -9.6% 32 15.6% 25
(Condominiums)
Feb 21 Month % Jan 21 Year % Feb 20
Median Price: 1,217,000
$ 11.9% 1,087,500
$ -6.4% 1,300,000
$
Average Price: 1,352,375
$ 10.7% 1,221,217
$ -3.2% 1,396,656
$
Condo Sales: 253 -6.3% 270 42.1% 178
Sale/List Price Ratio: 100.2% 2.0% 98.2% -4.2% 104.6%
Days on Market: 64 -5.2% 68 124.3% 29
Trends at a Glance
(Single-family Homes)
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San Francisco Homes: Sales Momentum
Sales Pricing © 2021 rereport.com

2. February 26, 2021 -- Bonds continued their weeks-long
selloff this week, lifting the yield on the ten-year U.S.
Treasury to levels last seen about a year ago, and drag-
ging mortgage rates higher along with them. Based on the
Freddie Mac PMMS, mortgage rates only rose about as far
as July levels, but Freddie's survey week was closing even
as Treasury yields were still rising, so not all of the uptick
has been realized just yet.
While the current economic data doesn't seem to support
such an upward run, there appears to be a combination of
factors at work lifting yields and rates. Most especially, that
quickly-falling levels of new COVID-19 infections and in-
creasing levels of vaccination will soon allow a much more
complete engagement of economic activity. Although this
optimism alone would probably be sufficient to firm rates a
bit, the prospects of adding another $1.9 trillion in fiscal fuel
to the economic fire as the economy is coming back on line
raises investor concerns about the prospects for higher
inflation.
Withmortgagerates ontheuptick,afairquestiontoaskis whether
ornottherewill beany outsizedeffectonthehousingmarket.Tobe
sure,anincreaseinratesis rarely welcomedbypotential homebuy-
ers,butevenwiththeriseoverthelastcoupleofweeks,rates
remainveryfavorable,justlessso.Theriseinrates willcurtail
refinancing,though,as asmallerinterestrategapbetweenan
existingloantoanewonecanchangetherefinancingcalcula-
tionforahomeowner.
Asfaras homesalesgo,well,alittlecoolinginthepacemight
actually notbeabadthing,as aslowingindemandwouldallow
inventorylevelsofexistinghomes forsaletorecoverabitandhelp
todampsurgingprices.TheNationalAssociationofRealtorsPend-
ingHomeSalesIndex wasalreadyshowingabitofbuyerfatiguein
January;thesalesindicatorbasedonsignedcontracts easedby
another2.8%forthemonth,andhasdriftedbacktoalevel roughly
akintolastJuly (stillabout13%aboveayearagoJanuary,though).
Firmermortgagerates asFebruaryprogressedmayseethePHSI
settlebackalittlemoreinFebruaryasaffordabilityisimpingedabit,
buttherehavebeentimeswhenasuddenshiftinrateshasactually
seenfolksjumpintothemarketbeforecosts andratesgetany
higher.We'll knowwhichoccurredinamonth's time.
Salesofnewhomespopped4.3%higherinJanuary,risingtoa
923,000annualrate,andthatontheheelsofanupwardrevisionto
Decembersales.Sincemorecanbebuiltondemand,sales ofnew
homesdon'thavethesameinventoryissues as doestheexisting
homemarket,butsuppliesherearetightatfourmonthsofsupply at
thepresentrateofsale.Thisis anactual 307,000builtandready to
besold,thehighestlevelofinventorysincelastMay.Also,and
whilethereareissues withshortages oflandandskyrocketing
lumberprices,themedianpriceofanewhomesoldlastmonthwas
$345,600--upjust1.7%comparedtoyear-agoprices.Conversely,
at$303,900,themedianexistinghomescostwas14.1%higher
thanayearago,andexistinghomepricesarelikelystillsettoaccel-
erateintothespringhomebuyingseason,ifperhapsatalesser
pace.
(Continued on page 4)
ANNIE WILLIAMS & MIRIAM WELLS
SOTHEBY'S INTERNATIONAL REALTY
ANNIEWILLIAMSSF@GMAIL.COM
The chart above shows the National month-
ly average for 30-year fixed rate mortgages
as compiled by http://
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30-Year Fixed Mortgage Rates
Unit
Median Average Sales DOM SP/LP Median Average Sales Median Average Sales
San Francisco $1,700,000 $2,293,981 157 29 105.2% 5.6% 17.4% 36.5% 8.3% 18.8% 2.6%
D1: Northwest $2,625,000 $2,970,453 13 29 102.0% 25.0% 25.4% -43.5% 45.8% 24.5% 44.4%
D2: Central West $1,407,500 $1,724,396 24 13 111.4% -4.7% 10.9% 33.3% -9.2% 3.5% -4.0%
D3: Southwest $1,260,000 $1,366,222 9 37 105.8% -18.7% -0.7% 28.6% -10.0% -19.0% 28.6%
D4: Twin Peaks $1,740,000 $1,963,444 27 22 111.7% -8.1% 7.2% 125.0% -5.9% -1.5% 3.8%
D5: Central $2,700,000 $3,276,465 30 32 101.0% 13.7% 23.2% 200.0% 22.7% 0.6% 130.8%
D6: Central North $3,000,000 $3,668,750 4 38 100.9% 36.3% 43.7% 0.0% 29.9% 32.0% 33.3%
D7: North $6,756,250 $7,343,750 6 12 101.0% 47.7% 40.8% 100.0% 121.5% 77.8% -14.3%
D8: Northeast $3,025,000 $3,025,000 1 14 151.6% 199.5% 199.5% 0.0% -0.8% -29.6% -80.0%
D9: Central East $1,700,000 $1,712,112 15 37 101.4% 6.9% -8.3% 15.4% 14.7% 12.0% -6.3%
D10: Southeast $1,000,000 $1,031,722 27 41 108.8% -14.2% -10.9% 28.6% -2.9% 0.3% -35.7%
February Sales Statistics
(Single-family Homes)
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San Francisco Homes: Sold Prices & Unit Sales
(3-month moving average — $000's)
Ave Med Units © 2021 rereport.com

3. ANNIE WILLIAMS & MIRIAM WELLS
SOTHEBY'S INTERNATIONAL REALTY
ANNIEWILLIAMSSF@GMAIL.COM
Unit
Median Average Sales DOM SP/LP Median Average Sales Median Average Sales
San Francisco $1,217,000 $1,352,375 253 64 100.2% -6.4% -3.2% 42.1% 11.9% 10.7% -6.3%
D1: Northwest $1,100,000 $1,221,635 14 46 97.5% -15.4% -3.7% 100.0% -15.4% -5.6% 7.7%
D2: Central West $825,000 $912,000 5 31 109.5% -38.8% -34.9% 25.0% -1.7% -11.6% 25.0%
D3: Southwest $827,500 $759,667 3 153 97.0% -37.5% -42.7% 200.0% -17.2% -25.6% -40.0%
D4: Twin Peaks $990,000 $871,244 3 116 101.7% 107.0% 82.1% 50.0% 16.8% -10.9% -25.0%
D5: Central $1,464,125 $1,493,831 40 42 103.9% 6.5% 8.5% 81.8% 19.2% 17.6% -20.0%
D6: Central North $1,120,000 $1,104,687 36 57 102.1% -20.8% -24.8% 125.0% -2.2% -8.6% 2.9%
D7: North $1,701,250 $1,817,625 32 68 99.0% -19.0% -7.4% 28.0% 41.8% 23.0% 68.4%
D8: Northeast $1,280,000 $1,396,440 42 85 99.7% 1.6% -3.5% 35.5% 18.8% 3.7% -4.5%
D9: Central East $1,100,000 $1,297,115 76 67 98.6% -7.2% 3.3% 33.3% 18.1% 11.2% -9.5%
D10: Southeast $610,000 $642,669 3 99 98.3% -19.2% -19.8% -62.5% -14.1% -13.6% -70.0%
February Sales Statistics
(Condos/TICs/Co-ops/Lofts)
Prices Yearly Change Monthly Change
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San Francisco Homes: Sales Price to List Price Ratio
© 2021 rereport.com
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San Francisco Condos/Lofts: SalesMomentum
Sales Pricing © 2021 rereport.com
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San Francisco Condos: Sold Prices & Unit Sales
(3-month moving average — $000's)
Ave Med Units © 2021 rereport.com

4. Annie Williams & Miriam Wells
Sotheby's International Realty
117 Greenwich Street
San, Francisco, CA 94111
Withtheriseinmortgagerates overthelastcoupleofweeks(and
perhapsabitmoreyettoberevealed),applicationsformortgage
credithavebeenbacksliding.Overall,theMortgageBankers
Associationreporteda11.4%declineinrequestsformortgage
creditintheweekofFebruary19,withthedeclinenearly equally
balancedbetweenan11.6%dropinapplications forpurchase-
moneymortgageandan11.3%fallinrequests forrefinancing
funds.Tobesure,mortgageappshavebeendecliningoflate,
withthelatestweekbeingathirdconsecutivefallforbothpur-
chasesandrefinances.
Sohereweare,inthemidstofafinancialmarket
recalibration,withinvestors shiftingpositions abruptly
inthelastcoupleofweeks.Thisisn'tanuncommon
occurrence;wehadseveralsuchepisodesinthe
lastyearalone,butsincethoseresultedinlower
mortgagerates,littleconcernwas expressed.It's
worthrememberingthatthelowestinterestratesare
usuallyaproductoftheworsteconomic times,and
thatmarket-based(ifnotpolicy-based)rates have
movedfromemergency,shelter-in-placelevelsin
responsetobothrealandexpectedimprovements
ineconomicactivity,andthatisactuallyagoodthing.
Ofcourse,toomuchofagoodthingcanalsohave
negativeconsequences,sowehopethattheuptick
andreadjustmenthasrunitscoursefornow.Alt-
houghtherearesomesigns thatithas,mortgage
ratesarestilllikelytokick higheragainnextweek,
probablybyanother8basis pointsorso...butour
crystal ballhasbeenundershootingthelastcouple
(Continued from page 2) ofrises.Don'tpanic,though...we'lllikelyseethehighestmort-
gageratessince...lastJune.
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Condos 148 268 312 342 347 400 319 317 309 351 278 328 523
Homes 185 253 285 312 271 290 362 206 215 201 211 211 310
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© 2021 rereport.com