April 2025 Newsletter

REality Check

From a national (and global) perspective, there’s no question 2025 has brought a lot of uncertainty and volatility. Political and economic shifts seem to be happening on a dime, and it’s tough to predict how things will play out in the short or long term. While uncertainty usually puts a damper on demand, we’re seeing it play out differently across various sectors.

Locally and on a much brighter note, there’s a lot to feel good about in San Francisco:

• Blackstone just bought 199 Howard Street for $111 million, marking the city’s first nine-figure deal since the pandemic.

• JPMorgan Chase is doubling down on San Francisco, expanding its presence at 560 Mission Street, which will now serve as its Bay Area headquarters.

• Office leasing just hit a post-pandemic high in April, with tech companies making up 60% of the top 25 deals this quarter.

• Single-family homes are still seeing intense competition in our top-tier zip codes, thanks to tight inventory and cash-rich buyers. (Yes, even with the broader economic turbulence!)

Meanwhile, multi-family properties and condos/TICs remain in a buyer’s market, generally speaking. There are some incredible opportunities downtown right now if you’re looking.

• The median price for single-family homes jumped about 7% over the last month to $1.62M.*

• The median price for condos climbed about 3% to $1.045M, still well below pre-pandemic highs (~$1.3M) and nearly 10% lower than this time last year.

(Worth noting: These stats mostly predate the latest round of major financial developments.)

Interest rates have been bouncing around between the low and high 6% range.

If you have any questions about the market or want to chat about a specific property or neighborhood, reach out anytime. Always happy to catch up and share what I’m seeing on the ground.

Making Waves

Did You Know?

I’m thrilled to share that Compass has officially been named the #1 brokerage in the U.S. by RealTrends for the fourth year in a row!

This recognition is a testament to the strength of our nationwide network of Compass agents, cutting-edge technology, and unwavering commitment to delivering exceptional results for

our clients.

46th annual San Francisco Decorator Showcase House 

Step inside one of San Francisco’s most iconic homes as the 2025 Decorator Showcase opens its doors! This annual design event brings together top Bay Area interior designers to reimagine a historic residence, offering visitors a rare glimpse into bold trends, timeless elegance, and cutting-edge creativity. Whether you’re seeking design inspiration or simply love great architecture, this showcase is a must-see. 

April 26- May 26

2359 Pacific Avenue

I Regret Almost Everything

Keith McNally, the restaurateur behind iconic NYC restaurants like Balthazar and Pastis, is known for his bold personality and occasional controversies. His upcoming memoir, out in May, offers an unfiltered look at his rise to fame, the restaurant world’s behind-the-scenes drama, and the colorful characters he's encountered. Expect a candid, conversation-starting read. I pre-ordered the hardcover and audible. Book club, anyone?

SINNERS

Gritty, gripping, and full of twists, Sinners is one of those thrillers that hooks you from the start and doesn’t let go. Directed by Oakland native Ryan Coogler and quickly becoming a cult classic, this one’s making waves for all the right reasons.

PENDING

Outer Sunset

1595 43rd Avenue

4 BD 2 BA 1525 SF

Asking $1,249,000

SOLD

Forest Hill Extension

115 Balceta Avenue

3 BD+ Office 4 BA 3057 SF

$3,450,000

Let's Get Social!

Debbie Rutledge

DRE#: 01886396

M: 415.860.6375

[email protected]

@compassdebbie