What is up with the San Francisco real estate market? It’s a question I get asked a lot. Now that in-person broker’s tour is back in San Francisco, it’s a great chance to keep up with inventory and chat with other agents. Real estate agents were the original social media network. But I digress.
A huge shout-out to the fine team at myTheo – makers of pro-grade search and collaboration tools for brokers and agents. They are also, as far as I know, the only app available for accessing, planning, and going digital with no paper print-out (which is currently its own mess).
Oggi Kashi has a sweet three-bedroom condo out in the Central Richmond while 354 27th present a great example of “after” and 672 27th a great example of “before.”
JS Sullivan has his newest development on the market. Noir is at 1523 Franklin at Pine is a sweet 8-unit boutique condo building with full-floor flats and private/direct elevator access to your home. Nicely sized rooms, the finishes you’d expect, outdoor space with every home plus a roof deck with grill. Parking is with stackers and can accommodate electrical charging infrastructure. Two are reserved already!
Over in Corona Heights, 251 Roosevelt is an enormous (2,000ish square feet) condo with rooms in the right places and garage parking that isn’t an acrobatic parking exercise. Under 900 a square foot…
In general, buyer traffic overall (not specific to above listings) was mentioned as lower than expected by more agents than not. Between gray skies and the ability to travel again, a lot of folks seem to have vacated San Francisco for vacation time, wherever that may be. With sun. Sellers are being flexible to get things into contract.
Plenty of buyer activity in single family market as expected, although dynamics vary by neighborhood and price point. Yes, it’s still competitive. And yes, listing price is usually low to extremely low end of value range.