Tom LeMieux
How to Price Your Home in 2024

Across the Bay Area, overpricing leads to much lower sales-price-to-original-list-price percentages and much longer days on market (of course), but also an approximate 5% - 9% drop in the average dollar per square foot value. (Which doesn't include expired/withdrawn listings that don't sell at all.) These numbers are generalities: details will vary between listings - price segment, how much they're overpriced, how soon and how much they reduce their prices.

How to Price Your Home in 2024
Tom LeMieux
What is the Compass Concierge Service?

Maximize the value of your home.

Compass Concierge is the hassle-free way to sell your home faster and for a higher price. From painting to flooring and everything in between, Concierge transforms your home with zero upfront costs and no interest - ever.

Exclusive to Compass, our Concierge program is among a suite of services designed to prepare your home for the market. Whether it’s roofing repairs, moving and storage costs, or additional needs, we will work with you to assess every opportunity to elevate your home’s value and improve your selling experience.

With Concierge, you don't have to pay the initial out-of-pocket costs for home improvement services. When your home sells, simply pay back the funds that the program provided and nothing more. Funds will be advanced to you for the home improvement services with no interest cost. When your home sells, you’ll pay the costs of services rendered and nothing more. By helping you invest in your home's potential, we aim to provide a faster and more profitable sale.

What is the Compass Concierge Service?
Jolene Lasaga
Bay Area housing market shifting in ...

Executive Summary:

  • IPO expectations are already showing up in home sales activity, particularly in San Francisco and San Mateo 

  • Sales of homes in San Francisco, San Mateo and Alameda have solidly exceeded last year – up 7 percent, 4 percent and 2 percent respectively year-over-year in April

  • Santa Clara, Wine Country and Contra Costa remain slower compared to last year

  • Homes priced between $1 million and $2 million continue to struggle, except in San Francisco and San Mateo, likely a result of tax reform changes and reduced state and local tax (SALT) and mortgage interest deductions

  • Nevertheless, sales of homes priced above $3 million have surged again, posting a 5 percent year-over-year increase, matching last year’s peaks 

  • While growth in inventory of homes for sales is broad based, availability of homes priced above $3 million accelerated again to a 26 percent annual growth in April

  • While price growth remains flat in most regions, San Francisco median prices up 2 percent year-over-year in April

  • A 9 percent annual increase in homes under contract suggests buyers are back in droves, especially for homes priced over $3 million, up 44 percent year-over-year

Bay Area housing market shifting in anticipation of IPO demand
Jolene Lasaga
April U.S. Jobs Report: Are we in a Goldilocks ...

A Goldilocks Economy is an economy that is neither too hot or cold, in other words, it sustains moderate economic growth and has low inflation, which allows a market-friendly monetary policy.

·      Today’s national employment report from the U.S. Bureau of Labor Statistics once again outpaced expectations by posting a 263,000 increase in jobs added in April. The strong gain adds to the upward revisions of the two previous months, bringing the year-to-date monthly average to 205,000 jobs added, only slightly below the 223,000-monthly average in 2018.

April U.S. Jobs Report: Are we in a Goldilocks Economy?
Jolene Lasaga
U.S., Golden State Home Price Growth Is ...


U.S. home prices are expected to increase by 4.8 percent year over year by November 2019.

  1. November home prices were up on an annual basis in the San Francisco and Los Angeles metropolitan areas by a respective 5.9 percent and 5.3 percent. 

  2. Prices appreciation for new homes is projected to slow in 2019 in all four major Bay Area housing markets, while new-home prices in Los Angeles are forecast to begin depreciating.

U.S., Golden State Home Price Growth Is Expected to Slow in 2019

Economic Straight Talk

Bay Area Luxury Home Sales Doubled in February

Bay Area Luxury Home Sales Doubled in February

Executive Summary:

  • Sales of Bay Area homes priced above $3 million doubled in February, with most local regions posting large gains.
  • Sales of homes priced higher than $1 million also continued to grow.
  • Regionally, East Bay sales slowed, while Silicon Valley and the Wine Country saw more sales this February.
  • The Bay Area median price jumped another 16 percent year over year, though high-end sales drove a large part of the increase.
  • Buyer demand is not abating amid market challenges. Seven in 10 Bay Area homes sold for more than asking price, with the average premium increasing to 12 percent, up from 8 percent premiums observed in the last two Februarys.
  • Thirty-year, fixed-rate mortgages reached 4.46 percent as of March 8, 2018 according to a Freddie Mac survey, the highest since the spring of 2014.