You're Invited To Come Check Out This Amazing Home
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Open Sunday, October 17th, 12:00-2:30PM
5BD/4.5BA/2PRK - $9,500,000
From Presidio Heights to the Inner Mission, my clients found some of the coolest renovations and iconic neighborhood homes in the city. Buyers were active in this last push of Fall activity before the winter slowdown. For buyers, anytime is the right time to purchase as long as there is a willing seller at any given time of the year. Sometimes the most strategic time to buy is during the off months, when homes that didn’t sell are taken off market. Whether you are a seller or a buyer, call me anytime if you have questions about the real estate market. Next year is projected to be another strong one for real estate.
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Since the pandemic hit, SF’s year-over-year appreciation rate peaked (slightly) in July 2021.
Some market insights:
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The average sales price in SF increased 10% since Sept 2020 and there were 40% less listings than last year. Lack of inventory is driving this market and homes are simply more expensive. Interestingly enough, sellers that were on the fence were caught flat flooted in 2020 and quickly listed their homes on MLS in the middle of the pandemic. They sellers did very well - the city's home appreciation rate peaked in July 2021.
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Average price per square foot values for houses hit a new high in 2021. Square footage on MLS typically is calculated on interiors only. It doesn’t include decks, patios outdoor space, garages or unpermitted rooms. However, homes with usable outdoor space saw spikes in property value because of sheltering in place ordinances. Landscaped yards and roof decks with views were in high demand in the past year.
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The pandemic upended typical seasonal trends in 2020, but 2021 appears to have reverted back to the norm. We expect to see an October 2021 surge in closed sales volumes.
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Condo markets, though rebounding strongly from mid-2020 lows, have seen somewhat softer dynamics, with large variations between neighborhoods.
More house stats in other neighborhoods available below. Click on the graphic to enlarge.
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Open Houses This Weekend
This list is a loose compilation of open houses in the city. As inventory and open houses pick up, I will send more neighborhood specific lists. Feel free to contact me for more housing inventory.
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The California Association of Realtor forecasts that California's housing market to remain solid if pandemic is kept under control, but structural challenges will persist.
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JUST SOLD
631 LA MESA | PORTOLA VALLEY
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5 Bed | 3.5 Bath | 2,050 Sq. Ft. | Asking $3,488,000SOLD $4,550,000
Sold $1 Million+ Over Asking Price
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JUST SOLD
3733 CLAY STREET | PRESIDIO HEIGHTS
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3 Bed | 3.5 Bath | 2,345 Sq. Ft. | Asking $2,750,000
SOLD $2,910,000
Sold $160K Over Asking Price
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JUST SOLD
1286 45TH AVENUE | OUTER SUNSET
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4 Bed | 4 Bath | 1,898 Sq. Ft. | Asking $1,699,000
SOLD $1,960,000
Sold $261K Over Asking Price
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JUST SOLD
711 4TH AVENUE | INNER RICHMOND
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2 Bed | 1 Bath | 1,248 Sq. Ft. | Asking $1,799,000
SOLD $1,825,000
Sold $26K Over Asking Price
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JUST SOLD
458 2ND AVENUE | INNER RICHMOND
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4 Bed | 2 Bath | 1,780 Sq. Ft. | Asking $1,780,000SOLD $1,810,000
Sold $30K Over Asking Price
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In Contract
4 Bed | 4.5 Bath
Asking $3,199,000
In Contract For Over Asking
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Just Sold
112 Arguello #5
PRESIDIO HEIGHTS
2 Bed | 1 Bath
Asking $1,200,000
Sold For Over Asking Price
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Sold
2 Bed | 2 Bath | 1.350 Sq. Ft.
SOLD $909,000
Sold 14% Over Asking Price
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Sold
4403 24th Street
Noe Valley
3 Bed | 3 Bath
SOLD $2,300,000
Sold $305K Over Asking Price
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