Sub-District 9 Statistics
Based on April SFARMLS month over month data.
Welcome!
For Condos, both for sale and for lease, in the South of Market Area and Mission Bay it’s a buyer’s market. With the recent influx of Generation AI companies hiring locally the property showings have increased dramatically. So, keep your referrals coming! It is a Great time to Buy; You can refinance later!
Real Estate Loans Update:
The Federal Housing Finance Agency (FHFA) conforming loan limits increase to $766,550 in 2024. Up 5.5% compared to the current limit of $726,200. This is positive for first time home buyers coupled with the recent decrease in mortgage rates. The seller can buy down the loan interest rate for the buyer or contribute to the closing costs.
Please call me any time for information about the neighborhood or current market conditions. I look forward to working with you!
CA Real Estate Commissions to Change in July 2024
The National Association of Realtor’s (NAR) settlement agreement, will go into effect in July 2024, will no longer allow agents to publish the commission in the MLS listing. That rate would be established during negotiations.
Previously, the buyer’s and seller’s agents would split the commission. Going forward:
- the Buyer will pay their agent
- the Seller will pay their agent
Read my most recent testimonial:
When my husband and I decided to sell our condo (#1404) in the Arden we weren’t sure what to expect in this market. Through Jane’s hard work, diligence, experience, and expertise the condo sold within 3 weeks and over asking! We couldn’t be happier! Having a Realtor who lives in the building is a big plus. The marketing plan for the condo including the website, photography and staging was very professional. Jane went above and beyond by finding temporary storage for some of our furniture and handling the inspections, moves, etc. Jane is willing to help out in any way that’s needed and all with a smile. She is a joy to work with and we highly recommend her.
– John & Nyra –
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