February 2025 Newsletter

REality Check

The San Francisco real estate market has been a mixed bag, much like it has been for the last 18-20 months. It's the same story: single-family homes and boutique condos in top-tier locations of the city are trading fairly well and quickly, while our larger condo buildings (most notably in SoMa and downtown SF) are still struggling a bit with longer days on the market and price cuts.

January brought optimism, and this feeling remains. The vibrancy of downtown is inching back, our mayor is prioritizing downtown districts and business incentives, and our rental inventory has seen stronger demand. We haven't seen this activity spill into the sales market; condo sales are still slow but ripe with opportunity.

According to our CEO of Compass, Robert Reffkin, San Francisco is the most underrated market in America and is poised for the biggest rebound in the next 5 years. See Robert on CNBC's Squawk Box below.

Let's jump into the pertinent numbers (detailed report below):

• Inventory is down year-over-year: down 9.2% overall (Down 16% for single-family homes; down 5% for condos)

• The median sale price in San Francisco is slightly up 2% year-over-year (Even for single-family homes; down 2.3% for condos)

• Days on Market (DOM) pushed up to 60 days for condos; down to 18 days for single-family homes

• The 30-year fixed rate has dipped down to 6.85% (below its high in mid-January of 7%)

• Stock markets have been volatile: Dow is +3% and Nasdaq is -1% year-to-date

If you have any questions about a particular property, the market, or need additional insights, I am always here and happy to help.

Compass founder Robert Reffkin on Squawk Box:

"Q: What's the most undervalued market in America?

A: Condos in San Francisco."

Making Waves

Did You Know?

An estimated 73 million boomers, ages 60-78, live in the US, roughly 25% of the population. They own around 38% of US homes.....possibly the most potent source of future housing inventory? Many people shed their homes - or downsize - after the age of 75 years old....some estimate that by 2035, the number of homes owned by baby boomers will drop from 32 million to 23 million freeing up 9.2 million homes in the US housing market. Many will require renovation/restoration and/or rebuilding. (WSJ)

Tomorrow! GG Park's Free Concert Season Kickoff: Paul McCartney Tribute

The Opening Concert at the Bandshell will also feature a tribute to Paul McCartney, a nod to the new exhibit “Paul McCartney Photographs 1963–64: Eyes of the Storm,” which will be on display at San Francisco’s de Young Museum from March 1 through July 6.

Piccino Presidio

Beloved Dogpatch restaurant, Piccino, has officially opened its doors in the Presidio. Known for growing much of their own produce at the Piccino farm in Healdsburg, this new location is a special collaboration with Skywalker Ranch. As a result, they’ll also be incorporating ingredients from Skywalker’s renowned Organic Garden. Guests can look forward to a dining experience rooted in freshness and sustainability, all set in a cozy, welcoming atmosphere.

Tribù Travel

Dreaming of a life-changing vacation? Tribù Travel specializes in creating bespoke journeys that go beyond the ordinary, connecting travelers with the world’s most captivating destinations across Africa, Asia, The Americas, Europe, Oceania, and Antarctica. From remote African safaris to hidden cultural gems and breathtaking natural landscapes, their itineraries are thoughtfully designed to offer authentic experiences, luxury accommodations, and meaningful connections with local communities. 

Just Sold

Eureka Valley

333 Noe Street

4 BD 3 BA 1840 SF $1,753,330

Let's get social!

Debbie Rutledge

DRE#: 01886396

M: 415.860.6375

[email protected]

@compassdebbie