Hello Friends!
While the rest of the country starts to bid their summer adieu, we are just getting started, and there’s no better time to buy and sell real estate than when the sun is shining and Karl heads out of town. Despite some continued uncertainty in the market (world events, a presidential and SF mayoral election cycle, potential rate changes…), we are optimistic. Stagers are booked up, so we anticipate more inventory in the coming weeks and agent chatter is that buyers are eager to buy before potential rate cuts cause a market frenzy. Here’s the latest that’s worth sharing!
As always, please don't hesitate to reach out if you have any questions.
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San Francisco House and Condo Markets 2024 YTD:
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Presidio Heights, Pacific Heights, and Cow Hollow have the highest median sale price at $6.8M, $5.2M and $4.8M respectively, showing that the north side of San Francisco continues to have the highest home values.
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The Marina, Presidio Heights, and Pacific Heights have the highest median $/SQFT at $1,499, $1,461, and $1,426 respectively.
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Sunset, Parkside, and Bernal Heights have the most single family home sales at 108, 107, and 87 respectively.
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Average overbidding for condos is highest in Noe, Eureka, and Cole Valley, Corona Heights, and the Richmond District at 5.5%. Meanwhile, Pacific Heights, Cow Hollow, and The Marina have sold 1% below the list price on average.
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Surely, you’ve heard about the changes taking place in the real estate landscape. Now, buyers are required to sign an agreement with an agent before touring property together. This contract, called a Buyer Representation and Broker Compensation Agreement, clarifies our working relationship, explains how we are compensated and allows us to advocate as your representative in your real estate purchases. I am more than happy to talk about these changes with you over coffee or on the phone. What remains the same is my commitment to my clients — I will continue to work diligently for you to ensure you get the house you want at the best possible price.
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The long-awaited return of the Sunset Night Market has arrived, with two new Friday dates this summer and fall and the expanded market will double its size and focus on celebrating the food, culture, and community that shapes San Francisco and the Sunset District
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Little Original Joes - My new favorite restaurant
This is one of the Marina’s hottest see-and-be-seen destinations since the inception of Barry’s. The Italian restaurant (by the Original Joe’s team) is full even on a Monday night, so expect a wait or slide up to the bar and nurse an espresso martini to pass the time. Throw in photogenic cocktails (I highly recommend the Negroni with “LOJ” emblazoned onto a single ice cube) and a decibel level that never seems to taper off, and it’s easy to have a good time.
Pro tip: Go on a Saturday afternoon between 2-5p to snag a table w/out a long wait
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Last night we hosted a birthday dinner at our home, but lucky us, our friends did all the cooking or 'ordering' rather. One thing they did make was a gigantic peach & arugula salad. This seasonal salad was absolutely delicious and a huge hit. If you're going to any Labor Day barbecues, pool parties or beach picnics this weekend, bring this easy to make crowd-pleasing salad. It's summer in a bowl!
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*Seek advice and counsel of a medical professional and/or officials prior to going outdoors or any items mentioned in the above.
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© Compass 2024 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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