Giants Opening Day – April 5, 2013

Play ball! 2012 World Series champions, the San Francisco Giants, meet the St. Louis Cardinals during their home opener at AT&T Park on April 5, 2013. People in the Bay Area love to see the Giants, and for good reason as the SF Giants are one of the premier teams in the entire league. With history in the Giants favor under the precedence of players such as Willie Mays and Barry Bonds, Opening Day promises to ignite the excitement of baseball lovers with fresh chalk lines, perfectly groomed turf, the thundering of cheers and astounding athleticism.

Chosen as the 2008 Sports Facility of the Year by Sports Business Journal and Sports Business Daily, AT&T Park at 24 Willie Mays Plaza has many incredible features. Central location, breathtaking views, classic design, and the family friendly Coca-Cola Fan Lot provide a fully rounded experience of Major League Baseball. Feel what it is like to run the bases, play the game and enjoy the timeless icons of baseball at the Fan Lot, specifically designed for AT&T Park, the Giants, baseball fans and the community to further enhance the experience of a day at the ballpark.

April 5, 2013, 1:35 PM PST
24 Willie Mays Plaza, San Francisco
Seat prices starting at $158.75.

For more information go to http://sanfrancisco.giants.mlb.com/sf/ballpark/index.jsp.

466HillStreet2

466 Hill Street


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86BrookfieldDrive

86 Brookfield Drive


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851HaciendaWay

851 Hacienda Way


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January Case-Shiller Index Released

The just released Case-Shiller Index reading for January for the high-tier price segment of the 5-county San Francisco Metro Statistical Area declined slightly from December. This reflects seasonal market issues, not a decline in values, and it occurs every year – indeed, the decline was smaller than what is typical.

From January 2012 to January 2013, the Index indicates an 11% increase in house values for this segment of the metro area market. However, the real estate market of the city of San Francisco itself has outperformed the general market of the 5-county metro area. And due to its methodology, the Index is 4 to 7 months behind what is currently occurring in the market. In a quickly appreciating market, that can be a long period of time.

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Our full report on the Case-Shiller Index is here: http://www.paragon-re.com/Case_Shiller_Index_Deciphered_for_SF

SF Spring Celebration – March 31, 2013

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Union Street’s 22nd annual Spring Celebration and Easter Parade, March 31st, 2013 celebrates the diverse community of San Francisco in an outdoor bistro setting. Featuring some of Union Street’s best restaurants and focusing on children’s and family activities, this is a spectacular event for everyone. Described as wonderful, wacky, elegant and fabulous, this street fair and parade include such delights as inflatable bounces, hands-on children’s activities, costumed characters, sophisticated fashions, classic cars, a petting zoo and Easter bonnet contest. Great music, great food and great fun – this is a spectacular event for everyone!

The Easter Parade, known for the last 20 years as the Biggest Little Parade in San Francisco, showcases the unique community of the Bay Area. Featuring marching bands, balloons, self-propelled mini-floats, and a delightful procession of entries, it’s sure to please the whole family.

Sunday, March 31st, 2013 from 10:00 AM to 5:00 PM PST
Parade begins at 2:00 PM
Union Street, from Gough to Fillmore.

For more information go to www.sresproductions.com/union_street_easter.html.

From our NorCal network : The Artisan Group

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160 ESTATES DRIVE
PIEDMONT, CA 94611
Offered at $1,850,000

For more information about this property or a referral to other areas of Northern California, please contact me.

From our NorCal network : The Artisan Group

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31810 Chantrelle Lane
Gold Beach, OR
Offered at $2,290,000

For more information about this property or a referral to other areas of Northern California, please contact me.

SF Flower & Garden Show – March 20-24, 2013

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The 28th annual San Francisco Flower & Garden Show, one of the most comprehensive trade events related to the garden decoration sector of the United States, is happening from March 20th to 24th, 2013 at the San Mateo Event Center. View 20 international display gardens, 30 small space gardens, and the world’s largest rotating succulent globe. With growers’ delights such as expert seminars, DIY demonstrations, plant market and aisles of gardening items and gifts, this show is sure to please any horticulturalist. Sample delicious foods at the Chef Stage and relax in the wine garden.

Beginning with the Deadheader’s Garden Gala opening night and preview on March 19th, 6:00 PM to 9:00 PM, benefitting the Morcom Rose Garden in Oakland, guests will enjoy live music, dancing and prizes. This show welcomes leading industry professionals and gardening experts to deliberate industry issues and great opportunities alike. With over 200 exhibitors and 30,000 like minded visitors, the Show is an excellent place to network and increase client databases.

March 19th, 2013 6:00 PM to 9:00 PM PST – Opening Night Gala and Preview
March 20th to 24th – Flower & Garden Show
San Mateo Event Center
Gala tickets: $100 in advance, $125 at the door (includes Show passes)
Show tickets: $20 per day or $30 for multi-pass (good for all 4 days)

For more information go to http://www.sfgardenshow.com/ or email info@gardenshow.com.

March Newsletter: What Costs How Much Where in San Francisco

San Francisco Home Values by Neighborhood & Bedroom Count

The March 2013 Paragon Market

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We’ve just completed our semiannual review of SF house and condo values by average and median prices, average size and average dollar per square foot for sales occurring September 1, 2012 – February 28, 2013, as reported to MLS.

The maps contain median sales price data only, while the tables include the full range of value statistics. (The tables are easier to read, but they’re not as colorful.) If a price is followed by a “k” it references thousands of dollars; if followed by an “m”, it signifies millions. Remember that medians and averages are very general statistics.

Further down in the newsletter are charts tracking supply and demand dynamics and price appreciation trends for the city’s residential real estate market. Statistical definitions can be found at the very bottom. For the smaller images, you’ll need to click-to-expand them to really make them decipherable.

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4-Bedroom House Values
This is the table for 4-bedroom house sales over the past 6 months. This link goes to the full analysis by property type, neighborhood and bedroom count.
Neighborhood, Property Type, Bedrooms

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2-Bedroom Condo Median Price Map
A map of median sales prices for 2-bedroom condos around the city. The table in the full analysis provides further statistical measures.
Full Analysis

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Trends in Inventory & Sales Volume
Sometimes there’s nothing like a chart to depict trends. Here one can clearly see the drastic decline in inventory. And this link goes to a chart on Months Supply of Inventory, another statistic of supply and demand:
Months Supply of Inventory

5New Listings Coming on Market
The quantity of new listings ebbs and flows by season, however even accounting for seasonality, the number of new listings coming on market is much lower than usual. And this link shows the increasing demand since the market recovery really got underway in 2012:
Percentage of Listings Accepting Offers

6Median Price Trends by Month
Monthly price data often fluctuates due to a variety factors. For example, median and average prices almost always drop in January since the higher end of the market usually checks out for the holidays: Values haven’t changed; the demographic of buyers and available inventory changed. However, the clear upward trajectory of prices over the past year is clear in both median and average sales prices.
Average Price Trends

The MEDIAN SALES PRICE is that price at which half the properties sold for more and half for less. If there were 3 sales, at $1, $2 and $10, the median price would be $2. If there were 4 sales at $2, $2, $5 and $10, the median would be $3.50. Median sales price may be affected by seasonal trends, and by changes in inventory or buying trends, as well as by changes in value.

AVERAGE DOLLAR PER SQUARE FOOT is based upon the home’s interior living space and does not include garages, storage, unfinished attics and basements; rooms and apartments built without permit; decks, patios or yards. These figures are typically derived from appraisals or tax records, but can be unreliable, measured in different ways, or unreported altogether: thus consider square footage and $/sq.ft. figures to be very general approximations. Generally speaking, about 60-80% of listings report square footage, and dollar per square foot statistics are based solely on those listings. All things being equal, a house will have a higher dollar per square foot than a condo (because of land value), a condo will have a higher $/sq.ft. than a TIC (quality of title), and a TIC’s will be higher than a multi-unit building’s (quality of use). All things being equal, a smaller home will have a higher $/sq.ft. than a larger one. The highest dollar per square foot values in San Francisco are typically found in upper floor condos in prestige buildings with utterly spectacular views.

The AVERAGE SIZE of homes of the same bedroom count may vary widely by neighborhood: for example, the average size of a 4-bedroom house in Pacific Heights is much larger than one in Noe Valley; and the average of a Marina 2-bedroom condo is larger than one in South Beach. Besides the affluence factor, the era and style of construction often play large roles in these disparities.

Some neighborhoods are well known for having additional ROOMS BUILT WITHOUT PERMIT, such as the classic 1940′s Sunset house with “bedrooms” and baths built out behind the garage. These additions often add value, but being unpermitted are not reflected in $/sq.ft. figures.

Many aspects of value cannot be adequately reflected in general statistics: curb appeal, age, condition, views, amenities, outdoor space, “bonus” rooms, parking, quality of location within the neighborhood, and so forth. Thus, how these statistics apply to any particular home is unknown.