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Real Estate Market for SFO October 2021

November 22, 2021

California Trust Deed Investing

Another stellar month for San Francisco real estate in October. Despite all the naysayers’ predictions that the market was on its way down, all markers indicate a continued upward trend. Here are the results for last month’s single-family residence in San Francisco:

  • Average List Price:  $2,093,971
  • Average Sales Price:  $2,358,448 ($2,131,959 in Sept.)
  • Average Sq. Ft. Price:  $1,093.37
  • Average D.O.M: 19
  • All Sold Properties:  709 (575 in Sept.)
  • SFR Sold:  303
    • 36 below price
    • 11 for listing price
    • 256 above listing price
  • One SFR sold for $1,506,248 OVER listing price

With the holidays approaching, we usually don’t expect many homes coming up for sale, but since it appears that we are constantly in new territory when it comes to the real estate market lately, we could see a significant reversal of the norm.

If you are looking to sell/buy anywhere in California, give Sun Pacific Mortgage a call at 707-523-2099 to discuss the many lending programs we offer for purchasing, refinancing, and bridging on owner-occupied and investment properties. Or visit our website www.sunpacificmortgage.com to learn more!

Want Passive Income? Join Our Team of Investors

November 16, 2021

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Sun Pacific Mortgage has been in business for almost 34 years now, providing private mortgage loans to thousands of Californians. We continue to be there for those in need, due to the loyal and experienced Private Investors who trust us to perform our due diligence and provide them with sound investment opportunities.

Before we offer any loan to our Investors, we have carefully vetted the loan and the Borrower to reasonably ensure we endorse only those that have the legs to successfully carry it through to the end of the term.

Of all the loans entrusted to us, only 1 in 5 are presented to our Investors, thus proffering only those who fit the 2 main qualifications for getting a private loan through us:

  1. The principal factor considered for any Trust Deed that we offer is the ability of the Borrower to repay the loan and secondly, that there is enough equity/good down payment to give an Investor a reasonable sense of security in his/her risk.

We currently have thousands of partner-investors that receive new Trust Deed offerings each day, twice a day. When they see a potential opportunity for some passive income, they respond and receive further details regarding the property and the Borrower.

We are able to close most loans anywhere from one week to a month. In the past three months, we have averaged 30 new available Notes each month, for loan sizes between $150,000 and $1,800,000. Larger loans are generally fractionized, meaning more than one Investor is engaged in supporting the loan.

If you have considered or are ready to start increasing your wealth, give us a call at 707-523-2099 to discuss what it takes to join our family of trusted Investors. You can also check out our Investor website page here https://www.sunpacificmortgage.com/invest-in-trust-deeds/ and send in a form for further data.

Fall Back On This – Refinance or Purchase!

November 11, 2021

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Fast Mortgages to Fall Back on!

If you don’t qualify at this time for your home loan programs, having good Private Money loans to fall back on just might rescue your home purchase or refinance!

Give us the opportunity to help you, as we did below:

Home Loan of the Week

Loan program:  Primary Residence Rush Refinance
Location:  Sonoma County
Loan Size: $678,000

Reason Came To Us: Borrower was in Escrow, ready to close when the current Lender’s Underwriter declined the loan due to debt-to-income ratios.  This Lender reached out, in hopes we could salvage the refinance, as this loan was needed to provide the down payment for another property they were in contract to purchase.

With some rapid action on our part, we got Investor approval and quickly funded within 5 days!

 

Give us a call at 707-523-2099 or email back with any questions or scenarios.  We’ll quickly answer with what we can do to help you.

Sonoma County Real Estate Sales

November 9, 2021

Sonoma County Coming Out On Top In Move North

Sales Comparison March 2020 – August 2021

On September 26th, an article in the Press Democrat quoted statistics sourced by Compass Real Estate Brokerage for single-family home sales over past six months of 2021.  These were compared to those same numbers for 2020.  They reveal what we all knew: real estate has been booming in our neck of the woods lately!  Here are the facts to support this well-known belief:

MONTH                          NUMBER OF HOMES SOLD     MEDIAN PRICE

March 2020                       301                                              $678,910

March 2021                       421                                              $767,000

April 2020                          249                                              $659,000

April 2021                          580                                              $775,000

May 2020                           206                                              $674,495

May 2021                           546                                              $780,000

June 2020                          457                                              $710,000

June 2021                          613                                              $825,000

July 2020                            606                                              $720,000

July 2021                            663                                              $761,000

August 2020                       556                                              $701,000

August 2021                       596                                              $770,000

While the momentum may have somewhat slowed in the past month, it is still on a robust course to smash past records.  The only thing putting the brakes on sales lately is the pervasive lack of inventory.  Some of this hesitancy on the part of Sellers may be because they are concerned that they will not be able to find a replacement home fast enough after selling their present home.

Sun Pacific Mortgage has a solution: a fast, short-term, private money bridge loan!  By accessing the equity in your home before you sell, you can afford a down payment on your future home.   You can also use existing equity in your current home and merge it with the equity in the new home you want to buy – also a Bridge loan that is short term and can help you accomplish a stronger purchase offer!  With homes selling quickly and with multiple offers over asking prices, this strategy will give you the edge you need in this economy.  Call Us at 707-523-2099 to see what we can do for you !

Breath Easier With Us!

November 4, 2021

Breath Easier With Us

Get Relief From Stressful Real Estate Financing

Let us help you with our FAST Private Money Real Estate Loan Programs, just as we did below for these other Borrowers:

Recently Funded

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Need a sigh of re-leaf for that real estate financing but don’t know where else to turn to? Give us a call at 707-523-2099 with any questions or scenarios or visit www.sunpacificmortgage.com.  We’ll quickly answer with what we can do to help you!

Real Estate Statistics for September 2021 San Francisco Peninsula

November 2, 2021

San Francisco Real Estate Statistics For September 2021

Markets typically move in cycles characterized by pervasive economic optimism, uncertainty, or pessimism. Today, optimism is the prevailing motivation especially behind the real estate market. We have only to examine the results of September’s sales data recorded for the cities on the San Francisco Peninsula to see that exemplified.

Menlo Park

  • Days On Market: 23
  • Average Sales Price:  $3,539,340
  • Average Sales Price was 6% above asking

Foster City

  • Days On Market:  9
  • Average Sales Price:  $2,2253,961
  • Average Sales Price was 12% above asking

Belmont

  • Days On Market: 12
  • Average Sales Price:  $2,267,777
  • Average Sales Price was 11% above asking

San Carlos

  • Days On Market: 12
  • Average Sales Price:  $2,488,548
  • Average Sales Price was 6% above asking

San Mateo

  • Days On Market: 17
  • Average Sales Price:  $1,921,305
  • Average Sales Price was 7% above asking

Burlingame

  • Days On Market: 13
  • Average Sales Price:  $2,991,900
  • Average Sales Price was 11% above asking

If you are considering a purchase or refinance, whether it is for an owner-occupied or an investment property, give Sun Pacific Mortgage a call at 707-523-2099 to discuss a privately financed mortgage. Armed with a pre-approval letter, will be a huge asset when presenting your offer to a Seller in today’s economy. We are known for our fast closings friendly, informative service throughout the buying process.

Frightfully Fast Financing For All!

October 28, 2021

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Take advantage of our Frightfully Fast Private Money loans this Halloween:

  • Get your loan financed faster!
  • Our fastest funding in just 2 days!
  • Financing for Owner Occupied and Non-Owner Occupied Properties
  • Difficult to prove income – Not a problem
  • Credit issues – Not a problem

Send us your scenarios or questions and we’ll quickly let you know what we can do to help!  Call Today 707-523-2099 or visit our website www.sunpacificmortgage.com.

How Is the Autumn Real Estate in Sonoma County?

October 26, 2021

How Is The Autumn Real Estate In Sonoma County

There has been incredible movement upward in the real estate world of Sonoma County this past year. To realize just how robust the market was this year, we have only to examine the increased price per square foot in each city or region. A quick recap follows:

  • Sonoma County: Ave. price per sq.ft.= $528 (up 10%)
  • Sonoma Coast:  Ave. price per sq.ft.= $817 (up 61%)
  • Russian River region: Ave. price per sq.ft.= $578 (up 53%)
  • Windsor:  Ave. price per sq.ft.= $476 (up 27%)
  • Healdsburg:  Ave. price per sq.ft.= $830 (up 22%)
  • Petaluma Westside:  Ave. price per sq.ft.= $628 (up 21%)
  • Petaluma Eastside: Ave. price per sq.ft.= $477 (up 10%)
  • Northeast Santa Rosa: Ave. price per sq.ft.= $469 (up 13%)
  • Northwest Santa Rosa:  Ave. price per sq.ft.= $451. (up 13%)
  • Southwest Santa Rosa:  Ave. price per sq.ft.=$431 (up 4%)
  • Cloverdale:  Ave. price per sq.ft.= $450 (up 13%)
  • Cotati and Rohnert Park:  Ave. price per sq.ft.= $429 (up 6%)
  • Sebastopol:  Ave. price per sq.ft.= $578 (up 2%)
  • Oakmont:   Ave. price per sq.ft.= (up 2%)
  • Brokerwood and Glen Ellen:  Ave. price per sq.ft.= $746 (down 6%)

It becomes obvious that the North Bay real estate market has seen an incredible value increase over this past year!  Will it continue for the remainder of the year? That depends on how many Sellers come to the table between now and December 31.

If you have been frustrated in the bidding wars you have encountered lately, give family owned and operated Sun Pacific Mortgage a call now, at 707-523-2099. We can quickly get you pre-approved so you can present yourself as a serious Buyer when you make your offer to that Seller!  We have been a private mortgage lending company, servicing all of California for the past 33+ years – and are here to help get you that home you want.

Scary Good Home Financing!

October 21, 2021

Halloween Broker Loan Originator

No need to be scared – we offer FAST financing! 

Let us help with your refinance or purchase. 

We Are Direct Private Money Lenders:

 Our Programs can finance Borrowers who have: 

  • 10 Day Close on a Purchase
  • Owner Occupied Property
  • Difficult to prove income
  • Credit problems
  • Problem properties

Recently Funded

Recently Funded

Give us a call at 707-523-2099 with your questions or scenarios. We will quickly let you know how we can help make any scariness go away!

We look forward to doing business with you in the near future.

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