What’s Happening in the Market? December Update

What's Happening In The Market?
December Update

Please note: this SFAR data is for November 2021

The economy is improving, unemployment is falling, and the U.S. real estate market remains strong as we head into the holiday season, a period when activity typically slows as people take time to travel, celebrate, and spend time with loved ones. Although the market is not as frenetic as was seen earlier this year, buyer demand is high, bolstered by attractive mortgage rates and a low supply of inventory.

New Listings were down 52.1 percent for single family homes and 29.4 percent for Condo/TIC/Coop properties. Pending Sales decreased 19.9 percent for single family homes but increased 14.7 percent for Condo/TIC/Coop properties.

The Median Sales Price was up 16.0 percent to $1,900,000 for single family homes and 8.9 percent to $1,277,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 61.5 percent for single family units and 67.7 percent for Condo/TIC/Coop units.

The most recent data from the National Association of REALTORS® reports the median single-family existing home sales price rose 16% in the third quarter of this year to $363,700, with all four regions of the country experiencing double-digitprice growth. In new construction, builder confidence increased in November, surpassing analyst expectations and rising to 83 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), the highest level since spring, despite persistent labor and supply chain challenges and a shortage of available lots.

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 November SFARMLS month over month data.

Good News! Relocation companies are back with clients!
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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MUSEUM PARC #720

Asking $1,175,000

www.3003rdSt-720.com
Description:
City Views
Bedrooms: 2 / Bathrooms: 2
Updated
Square Footage: ~1254
Shows beautifully! This is not staged.

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MUSEUM PARC #615

Available Now!
Call for details

Description:
Quiet Courtyard
Bedrooms: 1
Bathrooms: 1

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MUSEUM PARC #602

Available Now!
Call for details

Description:
Total Remodel
City Views
Bedrooms: 2
Bathrooms: 2

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MUSEUM PARC #1207

Available: Dec 22
Call for details

Description:
Quiet Courtyard
12th Floor View of the Hills
Updated floors, bathrooms & kitchen
SqFt: ~ 1000
Bedrooms: 1 / Bathrooms: 1.5
W/D

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MUSEUM PARC #719

Available: Jan 3
Call for details

Description:
City Views
Complete Remodel
Electric Blinds
SqFt: ~ 1433
Bedrooms: 2 / Bathrooms: 2
W/D

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75 Folsom “Hills Plaza” #1103

Fabulous, HOA Roof top Patio with Bridge Views
Available: Jan 3

Description:
City Views
SqFt: ~ 1000
Bedrooms: 1 / Bathrooms: 1
W/D
Parking Available

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Lumina - 23rd Floor
World Class Amenities
Available: Jan 3
Description:
Bridge & Water Views
5 Years Young
Wood Floors, Electric Blinds, A/C
SqFt: ~ 900
Bedrooms: 1 / Bathrooms: 1
W/D
View Listing
Just Sold:

ARDEN #506
SOLD
$1,763,000
ARDEN #1001
SOLD

$1,726,000 

ARDEN #1204
SOLD
$2,175,000
MUSEUM PARC #404
SOLD
$719,000 
Just Leased:

MUSEUM PARC #1008

Description:
Quiet Courtyard
Bedrooms: 1
Bathrooms: 1