What’s Happening In The Market? August Update

What’s Happening In The Market?
August Update

Please note: this data is for July 2020

Healthy buyer demand and constrained supply continue to be the story for much of the country. Nationally, showing activity in July remained substantially higher than a year before and multiple offer situations are a frequent experience in many markets. With the inventory of homes for sale still constrained, a competitive market for buyers shows little sign of waning.

New Listings were up 20.8 percent for single family homes and 46.6 percent for Condo/TIC/Coop properties. Pending Sales increased 38.5 percent for single family homes and 14.0 percent for Condo/TIC/Coop properties.

The Median Sales Price was up 6.0 percent to $1,670,000 for single family homes and 3.7 percent to $1,268,200 for Condo/TIC/Coop properties. Months Supply of Inventory increased 40.0 percent for single family units and 109.7 percent for Condo/TIC/Coop units.

While the number of unemployment insurance weekly initial claims have been far lower in recent weeks than their peak in March and April, more than 1 million new claims are still being filed each week and more 31 million were claiming benefits in all programs as of early July, compared to fewer than 2 million in July 2019. Despite this significant economic impact, home buyers remain extremely resilient. With mortgage rates remaining near record-low levels and home purchase mortgage applications up from a year ago, high buyer activity is expected to continue into the late summer and early fall market.

San Francisco Condo/TIC/Coop Activity Overview

District 9: Central East Activity Overview


Sub-District 9 Statistics

Based on June SFARMLS month over month data.
The purchase market for single family homes is active well into the summer months.

The rental market is picking up for employees returning to work. Large companies will continue to work from home.

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:

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FOR SALE
ARDEN – MISSION BAY
Arden Video: VIMEO
Building: www.ArdenInfo.com

ARDEN 1405 – LEASED

Impressive Arden Corner Condo with Panoramic Sunsets
718 Long Bridge St # 1405, San Francisco, CA 94158

Website: www.Arden1405.com

Condo 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
Furniture Available

Arden 506, Mission Bay
Available For Sale: $1,698,000 or For Lease: Asking $5,500

Spacious with Work @ Home Upgrades
718 Long Bridge St #506, San Francisco, CA 94158

Website: www.Arden506.com

Condo Features:
Bedrooms: 2
Bathrooms: 2
Square Footage: 1364
Parking: 1
Storage Locker: 1
Stunning Sunset Views
Wood Floors
Carpet in Bedrooms
Air Conditioning
Roller shades and black outs
Optimized Closets
Luxury Amenities
Available Now
Sale or Lease
Museum Parc – 300 3rd St
Museum Parc #522 – $845,000 – NEW LISTING

www.3003rdSt-522.com
Virtual Tour

Condo Features:
Bedrooms: 1
Bathrooms: 1
Square Footage:  871
Wood Floors
Optimized Walk-In Closet
Folsom St. Views
In Person Showing
Available Now

Museum Parc #609
Available For Sale: $650,000 or For Lease: Asking $2,200

Condo Features:
Jr. One Bedroom Studio with Alcove
Bathrooms: 1
Square Footage:  569
Wood Floors
Updated Full Size Kitchen
Washer/Dryer
Update Bathroom
Optimized Walk-In Closet
Courtyard Views
Available: Now

MUSEUM PARC
300 3RD St

MP #808 Furnished
$3,600

Available Now
Zillow – Virtual Tour

Description:
Executive Fully Furnished – 6 month minimum
Bedrooms: 1
Bathrooms: 1
Wood Floors
In Unit Washer/Dryer
Secure Building
Courtyard Views
Leased Parking Available: $325/month
Crunch Fitness & Heated Pool: Discounted Fee
MUSEUM PARC
300 3RD St

MP #404 – Urban Retreat with City Views

Call for pricing

Zillow – Virtual Tour

Description:
xLarge Floorplan
Rooms are huge with abundant space to work from home
Bedrooms: 1
Bathrooms: 1
Wood Floors
In Unit Washer/Dryer
Dual Pane Windows
Secure Building
Urban Views to 3rd St.
Leased Parking Available: $325/month
Crunch Fitness & Heated Pool: Discounted Fee
MUSEUM PARC
300 3RD St

MP #1012 – CORNER with PRIVATE ROOFTOP PATIO

Call for pricing

Zillow

Bedrooms: 1
Bathrooms: 1

Description:
Private corner condo
Spectacular Rooftop patio with sliding doors
Bask in the sun & watch the sun set behind the dome of city hall
Wrap around floor to ceiling windows
Floors: Wood, Carpet, Tile
In Unit Washer/Dryer
Dual Pane Windows
Secure Building
Views: Bayt, Mission Bay, SOMA, Yerba Buena
Leased Parking Available: $325/month
Crunch Fitness & Heated Pool: Discounted Fee
Lower Pac Heights

For Lease: $5,500

1541 Franklin St
San Francisco, CA 94109

VIRTUAL TOUR

FOR LEASE
Bedrooms: 3
Bathrooms: 2 Full

Description:
Appliances: Refrigerator, Range, Dishwasher, Washer/Dryer
Flooring: Carpet and Tile
Square Footage: 1700 approx.
Edwardian Apartment: 3rd Floor Walk Up
Utilities Included: Water
Tenant Pays: PGE Electric, Gas, Cable, Internet, Recology
Street parking only
Hills Plaza 11th Floor

75 Folsom St @ the Embarcadero

Call for pricing

Bedrooms: 1
Bathrooms: 1
Size: 950 SqFt

Description:
Boutique Condo Building – only 67 units
Floors: Wood Floors, Carpet, Tile
In Unit Washer/Dryer
Dual Pane Windows
Secure Building
Urban & Water Views
Parking Available
Museum Parc Condo

300 3rd St, #602
LEASED

www.MuseumParcCondos.com

Museum Parc Studio

300 3rd St, #1009
LEASED

www.MuseumParcCondos.com