Sean Sullivan San Francisco Real Estate New Construction Discusses the May Home Sales and Price Report from California Association of Realtors

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Sean Sullivan San Francisco Real Estate New Construction and Senior Sales Leader with Climb Real Estate Group in San Francisco discusses the California Association of Realtors® (CAR) May 2013 Home Sales and Price Report.

Sean Sullivan San Francisco Real Estate New Construction and Senior Sales Leader with Climb Real Estate Group in San Francisco who was recently featured in a KRON4 news report, discusses the California Association of Realtors® (CAR) May 2013 Home Sales and Price Report as reported in their press release published on June 17, 2013.(1) The median home price in California, pushed up by strong sales in higher-priced markets, and the continuation of a supply shortage, saw its highest year-over-year price increase in 33 years. May 2013’s median price of an existing single-family home rose 31.9 percent over May 2012. This year-over-year price increase is the highest since at least 1980, when CAR began tracking this statistic. The median sales price is the point where half of all houses sold below this number, and half sold above this number. It is influenced by the types of homes sold, such as in higher-priced, or lower-priced markets, as well as market changes in over-all real estate values. Available now at ICON, these 1 and 2 bedroom homes feature contemporary, tasteful finishes located adjacent to shopping, transit, services, food and drink. Amazing views toward the top of the 6 story building. Represented for sale by Paragon Real Estate Group’s Suzanne Gregg and Jason Gorski.

Sullivan says that it is important to realize that CAR Vice President and Chief Economist Leslie Appleton-Young said: “While home prices are increasing at levels above those observed in 2006-2007, the fundamentals of the housing market are much more solid than what we experienced a few years ago. More home buyers are putting down larger down payments, and many of them are opting for more stable loan products.  Additionally, historically low mortgage rates have reduced monthly mortgage payments substantially, making owning a house more affordable, even with rising home prices.” The CAR report also notes that the supply of homes available for sale dipped in May, with an inventory supply of 2.6 months, down from April at 2.8 months, and down from 3.6 months in May of 2012. Homes sold more quickly in May, decreasing to 27.1 days to sell a home, down from a revised 45.7 days from the same period a year ago. Sean Sullivan specializes in San Francisco real estate new construction and more information about other new properties can be found on his website. Century Condominiums, a chevron shaped building will open for sales late this summer.  They are 1 and 2 bedroom floor plans at the crossroads of Duboce Triangle and Upper Market. The View Penthouses feature commanding views and large private terraces. Represented for sale by Vanguard Properties’ Jean-Paul Samaha and Ed Deleski.

Sullivan notes that for San Francisco County, the median sold price of existing single-family homes increased 32 percent from a year ago to $947,250 from $717,500 in May 2012. Inventory supply was down to 2.9 months from 3.7 months a year ago, and the median time on the market dropped to 24.2 days from 29.8 days a year ago. In the San Francisco Bay Area, Napa and Solano counties saw the greatest increase in the median price, at 42.2 percent and 37.4 percent respectively. Time on the market dropped 40 percent and 31 percent respectively in these counties. The Linea condominiums are perhaps the most architecturally stunning residential development along Upper Market, Linea offers myriad views and floor plans to suit buyers who crave privacy or who want to be front-and-center in this dynamic location.  Glass curtain wall construction allows for floor-to-ceiling glass in most homes.  With the historic Art Deco San Francisco Mint and a new Whole Foods as neighbors, Linea graces an already remarkable location. Represented by for sale by Polaris Pacific.

About Sean Sullivan San Francisco Real Estate Agent

Sean Sullivan serves as Climb Real Estate Group’s Senior Sales Leader. With more than fifteen years in the real estate industry, Sullivan has sold over $600 million in residential real estate and built a reputation for customer-focused sales leadership in San Francisco. 

Sullivan has extensive experience in a variety of real estate transactions, both on the buyer’s and on the seller’s sides, and collaborates with attorneys, brokers, and the real estate community at large. His relationships with sellers, buyers and developers allows him to leverage market knowledge and experience in negotiating and surmounting challenges.  As a Top Producer in 2010, 2011, and 2012, his reputation is built on putting clients first by being responsive, consultative, collaborative, ethical and honest.  

“Community is important to me” said Sullivan. He is a member of San Francisco Association of Realtors, California Association of Realtors and National Association of Realtors and active in SPUR (San Francisco Planning and Urban Research Association), SF SAFE, The National Trust for Historic Preservation, Jewish Vocational Services, SF Bicycle Coalition and Panhandle Park Stewards. 

Television, radio, print and electronic media often reach out for Sullivan’s take on the local and national real estate market. He has appeared on television numerous times, been featured on the front page of The San Francisco Chronicle and featured on The Today Show, Fox News Business, The Daily Mail UK and LA Times. In 2012 I received the great honor of The Armed Forces Civilian Service Medal.

Originally a Connecticut Yankee, he has lived in San Francisco for 16 years.  His interests include family, urban planning, yoga, surfing, and gardening.  He has also been fortunate to travel to over 30 countries. He currently resides in the Upper Haight.

Sean Sullivan can be contacted at 415-215-0554, Sean(at)climbsf(dot)com. Please visit his website at: http://sfresource.com.
Contact Information
Sean Sullivan, Senior Sales Leader
Climb Real Estate Group
San Francisco, CA 415-215-0554
Sean(at)climbsf(dot)com
http://sfresource.com

(1) http://www.car.org/newsstand/newsreleases/2013releases/homepricerecords

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