On ABC7 KGO News
Statistics released from the Census Bureau show that the Bay Area is losing high-income earners and professional folks in their late 20s and 30s to other parts of the country. Indeed, our own client pool is seeing this trend too where folks who would otherwise upgrade from their San Francisco condo to their San Francisco single-family home choose to head “home” to be closer with extended family members on the east coast or Midwest. This leaving-an-expensive-urban-metro-area to be in a small or medium-sized city is even more acute here because San Francisco is filled with so many transplants. See Kevin talk about this on a story that ran in the first part of October on ABC7 KGO San Francisco (about 1 minute in).
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1264 Church Street, San Francisco, a sunny, top-floor, 2-bed, 1-bath, 1-car parking garage space with ±1,284 sqft (per LiDar) as listed by Kevin Ho and Jonathan McNarry of Vanguard Properties. SF MLS 423910006. www.1264-church.com At the heart of this stand-out property is the newly renovated chef’s kitchen (designed for cooking classes and entertaining), the new bathroom, new, in-unit laundry, new stainless appliances, dual pane windows, wood floors and designer lighting. Combined with its 1935 Spanish-revival heritage in a sought-after Noe Valley location, 1264 Church is exceptional.
Kevin Ho and Jonathan McNarry, top real estate agents of San Francisco’s Vanguard Properties, talk about a big change to the real estate market in California with State Farm and insuring California homes.
Cash vs. Mortgages in San Francisco — which is more popular in San Francisco’s housing market? Kevin Ho and Jonathan McNarry, top-ranked real estate agents at Vanguard Properties, explore showing that financed offers account for more than half of all reported purchases for the past 5 years.
Tracking development in San Francisco’s Outer Parkside and Sunset neighborhoods with Kevin Ho and Jonathan McNarry, Vanguard Properties, and a proposal for a 55-story in the Sunset/Parkside of all places.
The shift towards remote work has greatly influenced buyer preferences and led to changes in the housing market in San Francisco as discussed by top-producing relators Kevin Ho and Jonathan McNarry of Vanguard Properties, San Francisco. www.kevinandjonathan.com
While acute market forces are curtailing new construction starts now, development here was already an uphill battle. Development timelines take years, so any non-NIMBY-related delays in adding new homes will keep housing prices high that much longer. But even for people who can afford to buy in the Bay Area, there’s a shortage of accessible destination homes for folks who are downsizing or ones who can no longer do the stairs in their 3-story Victorian.
Rather than try to compete with the 49ers’ post-season run as very relevant contenders to be Super Bowl champions, many agents will treat this bit of hometown civic pride like a holiday and accommodate sports fans who are also trying to buy a small part of that hometown.
Talking about new census data saying that San Francisco is losing a key demographic of home buyers due to affordability and more on ABC7 News, KGO San Francisco.