Hello Friends!
I hope everyone has been enjoying their summer so far, and that you've had a chance to take some time off for an exciting adventure or a little R&R. We just got back from glamping in the Mt. Shasta forest over the 4th of July.
While not my normal jam 😉, it was fun to celebrate the holiday in a small Americana town &
genuinely unplug.
We are officially mid-way through the year, and I would describe the market so far as slow
yet steady. We don't anticipate much of a summer slow down this year but potentially an uptick come fall, with an anticipated rate drop in September. Speaking of fall, we are planning our next client appreciation event which will be taking place in the next couple of months. More details to follow in my next newsletter! In the meantime, see below for the latest market data and happenings around the city.
I'd also like to give a special shout-out to my clients who have recently referred me to their friends and family. Repeat clients and referrals are the soul of my business and your trust and confidence mean the world to me. Thank YOU!!
As always, please don't hesitate to reach out if you have any questions.
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As of early July, mortgage rates continue to hover around 7%, though hopes remain for at least one reduction in the Fed's benchmark rate in 2024. Stock markets have sustained their extraordinary rise. The homeowner's insurance situation remains challenging, with policies often difficult to locate and increasingly expensive. And the latest Census estimates revealed the Bay Area is growing older, with fewer children and a rising number of residents aged 65+.
• The median house sales price in Q2 2024 rose 6% from Q2 2023, while the median condo sales price declined by 2.5%.
• The number of homes for sale on July 1st rose 3% year over year. San Francisco has, so far, not seen the large increases in listings in 2024 common in other Bay Area counties.
• Q2 home sales rose 9% year over year, but homes selling for $3 million+ jumped 29%, and $5 million+ sales soared 54%: Very affluent households have been playing an outsized role in the housing market since late 2023 (when financial markets began their rebound).
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Overbidding percentages hit their highest readings, and average days on market their lowest readings in 2 years. The number of price reductions declined year over year.
•Market dynamics continue to be much more heated in the house market than in the condo market, reflecting significant differences in supply and demand in those segments.
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A new 'beachy, French bistro' just opened in the Outer Avenues
Just in time for Bastille Day (this Sunday, July 14th) the newly opened Galinette in Outer Parkside, is
an everyday French bistro with a casual beach vibe & full wine list; the
menu features traditional French fare like burgers, roasted chicken, steak frites & fisherman's stew.
Oui Oui!
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GOOP Marin
This one is for my bougie babes...
Goop's 6th brick & mortar, is now open at the Marin Country Mart.
Escape the city's summer fog and plan a day of shopping, facials & an al-fresco lunch with your bestie.
The store promises to be filled with casual-cool accessories like Janessa Leone hats, classic Ray-Bans & chic Birks, along w/ plenty of cult-favorite beauty products & a treatment room.
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The U.S.’s hottest job market in 2023 was Utah’s tech sector, nicknamed Silicon Slopes for its proximity to the Wasatch Mountain Range. Heavily concentrated in the state’s north region, startup and established tech companies run about 80 miles from Ogden to Provo, with Salt Lake City in the middle. Roughly halfway between Salt Lake City and Provo is Draper, a city that 30 years ago had a population around 8,500, according to census data. Today, with a population closer to 50,000(WSJ)
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Foodwise
Summer Bash
Sunday, July 14th,
5:30 - 8:00 PM
Celebrate the local food community in style at the Foodwise Summer Bash! Enjoy unlimited tastings from 48 Bay Area favorites, featuring the freshest produce from the Ferry Plaza Farmers Market & Mission Community Market. Held at San Francisco’s iconic Ferry Building, this summer party offers a feast from 32 top restaurants and beverages from 16 spirit makers.
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1329 Pierce Street, Unit 7
Seller Represented
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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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