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The San Francisco Real Estate Market Begins To Bounce Back…Slowly

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San Francisco Real Estate Market Begins to Bounce Back – Slowly

Median-condo-sales

Market activity begins to tick up after severe shelter-in-place plunge. Median home sales prices are up. Interest rates hit new low.

Shelter-in-place caused steep drops in activity across the board in what is typically the busiest selling season of the year. However, though still far below normal levels, activity has been picking up since bottoming out in late March/early April, and will presumably continue to do so with the easing of both shelter-in-place and property-showing rules.

So far, home prices have increased, but a fair proportion of the sales behind April median sales prices still reflects offers accepted prior to shelter in place. Interest rates hit a new historic low in the last week of April.

Week by Week Supply & Demand Trends

The only way to clearly perceive the recent changes in the market – sudden plunge and the beginning of recovery – is by looking at WEEKLY trends in buyer and seller activity. These are illustrated in this first chart below.

Market Dynamics

Year-over-Year Monthly Activity Comparisons

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median-home-Sale

Attractive Interest Rates Persist

Per Freddie Mac, on April 30, 2020, the weekly average 30-year interest rate was 3.23%, an all-time low. In November 2018, the rate hit 4.94%. In 2007, the average was 6.3%.

mortgage-interest rate

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IT’S A GREAT TIME TO BUY A NEW CONDO

If you were considering buying a new and never lived-in condo residence before the Shelter in Place order, there is a window of opportunity right about now. Click on any of the following new developments for a sampling of inventory available on MLS. Contact me more for offerings and info on buyer deals.

181 Fremont

THREE AVAILABLE LISTINGS READY TO BUY NOW

City and Water Views! Luxe Finishes at Arden
Expansive Corner 3 Bedroom Highrise

You’re Invited!
Virtual Open House at Arden 1507

Sunday, May 17th, 2:00-3:00pm
To join the meeting on a computer or mobile phone, click below:
https://us04web.zoom.us/j/78708292457
Meeting ID: 787 0829 2457
Password: 9BN1M4

RSVP

708 Long Bridge

ADDRESS: 708 Long Bridge #1507
3 Bedrooms / 2 Baths / 1 Parking with EV Charger / Mission Bay

Residence 1507 is a turnkey 3 bedroom, 2 bath corner residence with approximately $250,000 in upgrades and furnishings. This 1565 square feet corner home has big views of the San Francisco Bay, Mission Creek canal, and the city skyline. The grand scale entertaining space is perfect for family and social gatherings.
Built in 2016, Arden’s amenities are suited for today’s lifestyle and include: an outdoor entertaining area with dual BBQs, an adjoining lounge with kitchen, TV and pool table, a lap pool and spa, a fitness center, dual lobbies with lounges and more.

Offered at $2,750,000

Arden Floor Plan

Floor Plan

Amenities at Arden

Arden pool

Arden map

Neighborhood Map

Mission Bay
Arden
708 Long Bridge Street

Lowest Priced 2 Bedroom At The Brannan
An Amazing Floor Plan with 2 Master Suites!

Brannan bedroom

ADDRESS: 219 Brannan Street #3H
2 Bedrooms / 2 Baths / 1 Parking / South Beach

Live at The Brannan in South Beach. This thoughtfully designed 2 bedroom urban home has a unique floor plan with dual, separated master bedroom suites. The residence also features a formal foyer and a large living/dining area with sliding doors to a balconette. There’s new wide plank white oak hardwood flooring throughout. Included is one car deeded parking and additional storage.

Enjoy 5 star amenities that include: a full time lobby attendant, concierge services, a 75′ heated lap pool, a whirlpool spa, a 3,000 sq.ft. gym and an outdoor entertainment area. The Brannan is one of South Beach’s premier luxury highrises.

Offered at $1,399,000

A Virtual Walk Through Residence #3H

The Brannan #3H Floor Plan

floor-plan-Brannan-3h

The Amenities At The Brannan

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Brannan-pool

South Beach Map

Neighborhood Map

South Beach
The Brannan
219 Brannan Street

Stunning Build Out With Water Views!
Down-to-the-Studs Renovated Urban Home

601 Floor Plan

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Address: 111 Chestnut Street #601
2 Bedrooms / 2 Baths / 1 Parking / North Waterfront

Residence 601 at Parc Telegraph is an almost new, reimagined urban home. The Sellers redesigned the layouts of the kitchen, baths, and laundry, moved interior walls and upgraded the plumbing, electrical, and insulation. They installed custom cabinetry in living room, dining area, kitchen, and laundry.

Designed with state of the art finishes, the upgrades, too many to name all, include:

  • Custom kitchen by Bentwood Luxury Kitchens
  • Miele kitchen appliances
  • Subzero Designer Series refrigerator-freezer
  • Fireplace by Avanti with pull-out cabinetry housing
  • In cabinet electrical lift system for flatscreen TV by Autron
  • Built-in sound system
  • Custom lighting and electrical
  • Ash flooring
  • Heated floors in both bathrooms

Offered at $1,990,000

five-reasons

North Waterfront Map

Neighborhood Map

North Waterfront
Parc Telegraph
111 Chestnut Street

ROBYN’S FAST SALES IN MARCH

the met-355-1st-2603

SOLD
THE MET

355 1st St #2603
$1,965,000
2BD/2BA

the-met-355-1507

SOLD
THE MET

355 1st St #1507
$1,700,000
2BD/2BA

vida-45

SOLD
VIDA

45 Bartlett #704
$1,300,000
2BD/2BA

blanc-1080

SOLD
BLANC

1080 Sutter #504
$1,199,000
3BD/2BA

338 Potrero

SOLD
ROWAN

338 Potrero #603
$1,150,000
2BD/2BA

355 1st #1008

355 1st #1008
$898,000
1BD/1BA

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