Welcome To The 2023 Holiday Home Stretch
We are officially in the holiday home stretch for 2023. Here’s a breakdown of what’s available in the house, condo and TIC markets.
Market Insights
We are officially in the holiday home stretch for 2023. Here’s a breakdown of what’s available in the house, condo and TIC markets.
A temporary interest rate buydown is a great way to help sell some of the more than 700 condos sitting on the market.
We saw YOY median price and volume declines, but some buyers bucked the trend and really went for it when it came to spacious, updated flats in older buildings.
Big overbids, properties sitting on the market and a luxury market liftoff contributed to a mixed-bag month.
We saw year-over-year (YOY) drops in volume and median price in September, but the luxury market came to life with a $17.5M penthouse closing after almost 500 days on the market.
We just closed on my listing at 135-137 Duncan in Noe Valley. Here’s a look at how things unfolded.
Transactions are harder these days, and there aren’t enough able and willing buyers for all our high-priced inventory.
I had the opportunity to tour Ansel Adams’ past home today on broker tour and deeply appreciated the creative vibes there.
We’re seeing almost a quarter of all buyers paying cash for single-family homes and condos.
Summer saw volume and median price decline from last summer, and almost half of all current inventory has been on the market for 30 days or more.
Summer was noticeably slower this year, but we saw plenty of competitive offer situations and overbidding in the face of low inventory.
I’m happy to report that my two-bedroom condo listing at 3350 22nd Street just off the Valencia Corridor closed escrow in a very smooth transaction at the end of August.
The San Francisco real estate market needs to take a breather before the popular fall selling season kicks off.
We’re still seeing lots of condo inventory in San Francisco, and I’m hoping buyers take advantage of the recently lower interest rates to purchase some of the available units.
June house sales were a direct reflection of a busy spring market. Here’s the latest on how this segment of the market did last month.