What’s Happening in the Market – April 2020

What’s Happening In The Market?
April Update

Please note: this data is for March 2020

As COVID-19’s impact spread across the country in March, the stock market declines started in February accelerated downward before recovering a bit in the last week of the month. With volatility across all the financial markets, lenders began tightening underwriting standards and some buyers found they no longer were approved for a loan. Massive layoffs also shook the economy with 6.6 million initial jobless claims filed in a single week—double the number last week and ten times higher than any other week on record prior to this month.

New Listings were down 57.4 percent for single family homes and 56.3 percent for Condo/TIC/Coop properties. Pending Sales decreased 28.6 percent for single family homes and 40.8 percent for Condo/TIC/Coop properties. The Median Sales Price was up 0.2 percent to $1,652,500 for single family homes and 2.0 percent to $1,270,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 36.0 percent for single family units and 40.0 percent for Condo/TIC/Coop units.

While the effect of COVID-19 is varied throughout the country, we are likely to see impacts to housing activity now and into the coming months. Its continued spread is leading many companies and consumers to change their daily activities. ShowingTime is closely monitoring the situation and releasing daily updates on changes in showing activity. See national and state showing activity trends at https://www.showingtime.com/impact-of-coronavirus/.

San Francisco Condo/TIC/Coop Activity Overview

District 9: Central East Activity Overview

FOR THE FULL REPORT – CLICK HERE!

Sub-District 9 Statistics

Based on March SFARMLS month over month data.
Sales are based on contracts in the pipeline prior to Shelter in Place.The Shelter in Place is effecting Move-In & Move Outs for Sales and Rentals.

Property showings are being scheduled by appointment. Please call me any time for information about the neighborhood or current market conditions. My successful marketing plan has been raising property values over the years. Let’s make it work for you too. Read my testimonials:

and

FOR SALE
MISSION BAY – ARDEN #1405
For Sale: $2,500,000
718 Long Bridge St # 1405, San Francisco, CA 94158Condo Features:
Bedrooms: 2
Bathrooms: 2
Square Footage: 1569
Parking: 1
Storage Locker: 1
Corner Unit with Stunning Sunset Views
Wood Floors
Air Conditioning
Automated Roller Shades
California Closets
Luxury Amenities

Available: May, 2020

Virtual Tour – Building

COMING SOON!
SHOWN BY APPOINTMENT
OAKLAND HILLS with EXPANSIVE VIEWS 

Rarely Available Oakland Hills Secluded Home on a 2+ acre Wooded lot in Chabot Park Highlands.

This is a single story, ranch-style home situated on 2.19 acres. The property overlooks approximately 300 plus acres of open space and is directly above Dunsmuir House in Oakland. It has expansive views of the Oakland Estuary and southern San Francisco Bay, including the Hayward-San Mateo Bridge.

Main House: 3BR/2.5BA/2 Car
Detached Apartment: 1BR/1BA. No kitchen
Well Maintained
Will Sell Off Market

Call for details (415) 307-4300

COMING SOON!
SOUTH BEACH – THE METROPOLITAN #1604
For Sale: $995,000355 1st St #1604, San Francisco, CA 94105

Condo Features:
Bedrooms: 1
Bathrooms: 1
Square Footage: 691
Parking: 1
Storage Locker: 1
East Facing, Water Views
Wood Floors
Air Conditioning
Luxury Amenities

Available: June/July after Shelter In Place

Lumina

338 Main Street
23rd Floor

Move In: May 2020

Amenities – Floor Plans

Description:
Rent: $5100 / month
Bedrooms: 1
Bathrooms: 1
Water Views
Wood Floors
Electric Blinds
Closet Organizers
In Unit Washer/Dryer
5000 SqFt Fitness Center
In-Door Pool
Secure Building
Valet Parking
Museum Parc Condos
Yerba Buena
300 3rd St, #404

Move In: June, 2020
www.MuseumParcCondos.com

Description:
Rent: $3400 / month
Bedrooms: 1
Bathrooms: 1
Wood Floors
In Unit Washer/Dryer
Secure   Building
Leased Parking Available: $310/month
Crunch Fitness & Heated Pool: Discounted Fee

APRIL CLIENT RECOMMENDATIONS

Jane has been working with our family for more than fifteen (15) years.  We have bought and sold a number of condos in SF, but her range is vast – and we have had the privilege of having her work for us both as seller and as buyer for multi-million dollar sales on the Peninsula and South Bay.  She can take a property in any condition and maximize value – and she also has the vision to see opportunities.  We never doubt her loyalty to us and her devotion to getting us the best price.  She is our go-to for any real estate need, simply because we trust her to give us advice with our best interest in mind.  We would give her the highest recommendation!

– MC & BC, Longtime Clients