What’s Happening In The Market? February Update

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What's Happening In The Market?
February Update

Please note: this SFAR data is for January 2021

January started off strong for the housing market, with healthy buyer demand  and strong market fundamentals. A robust increase in housing starts in  December points to an active year for new construction, but higher material  costs, especially lumber, and a limited supply of buildable lots will temper the  number of new units.

New Listings were down 29.4 percent for single family homes and 0.9 percent  for Condo/TIC/Coop properties. Pending Sales increased 69.4 percent for  single family homes and 77.4 percent for Condo/TIC/Coop properties.

The Median Sales Price was up 13.8 percent to $1,695,000 for single family homes but decreased 8.5 percent to $1,075,000 for Condo/TIC/Coop  properties. Months Supply of Inventory decreased 20.8 percent for single family  units but was up 45.7 percent for Condo/TIC/Coop units.

The Mortgage Bankers Association’s January research estimates approximately  2.7 million homeowners with mortgages are currently in forbearance plans.  Some of these homes may eventually come to market, but given the strong  appreciation in most market segments in recent years, these eventual home  sales are likely to be mostly traditional sellers. However, a modest increase in  short sales and foreclosures at some point this year would not be surprising.

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 January SFARMLS month over month data.

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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Museum Parc #522
Pre-MLS Listing - Asking $699,000
Condo Features:
Bedrooms: 1 | Bathrooms: 1
Square Footage: 871
Wood Floors, Optimized Walk-In Closet, Folsom St. Views, In Person Showing, Available Now
VIEW LISTING - VIDEO TOUR
ARDEN #1405 
Available APRIL 2021
Asking $2,399,000

Light filled, corner condo with two walls of glass to eclipse the panoramic city skyline and bask in glorious sunsets

Bedrooms: 2 | Bathrooms:2 | Patio: 2

VIEW LISTING - VIDEO TOUR
MUSEUM PARC
11th Floor, Corner Condo with City Views

Asking $3,998/ monthDescription:
Bedrooms: 2
Bathrooms: 2
VIEW LISTING
MUSEUM PARC 1008
Asking $2,500/ monthDescription:
Bedrooms: 1
Bathrooms: 1
VIEW LISTING
MUSEUM PARC 808
Asking $2,900/ monthDescription:
Fully Furnished
Bedrooms: 1
Bathrooms: 1
VIEW LISTING
MUSEUM PARC
300 3RD St
8th Floor, Corner Condo with Courtyard ViewAsking $3,700 /month
Description:
Split Bedroom Floor plan
Bedrooms: 2 | Bathrooms: 2
Brazilian Cherry Floors
Kitchen Updates: Partial
In-Unit Washer/Dryer
Optimized Closets
Peaceful Courtyard Views
Private Outdoor Patio
VIEW LISTING
Lumina #22C

338 Main Street
San Francisco, CA 94105
Badrooms: 2
Bathrooms: 2
Size: 1400 SqFt

Asking $7,800 /month

Description:
Views: Water, Bay Bridge, Morning Sunlight
Floors: Wood Floors, Tile
In Unit Washer/Dryer
Dual Pane Windows, A/C
Outdoor Terrace
7000 Sq Ft Fitness Center
Indoor Pool
Secure Building
Parking Available
VIEW LISTING - VIRTUAL TOUR
Infinity #27F

301 Main Street
San Francisco, CA 94105
Badrooms: 2
Bathrooms: 2
Size: 1300 SqFt

Asking $4,988 /month

Description:
Available - Now
Security Deposit $4988 with 740 FICO
Parking: Considered
Application fee: $40
HOA Move fee: $600
Size: Approx. 1300 Sq Ft.
VIEW LISTING - VIRTUAL TOUR
Coming Soon March 2021
Asking $2,800/ monthDescription:
Hardwood Floors
Patio: Extra Large Private Outdoor Space
Pets: Considered. There are HOA CCRs restrictions
Coming Soon in Museum Parc For Sale and For Lease
Studio, 1 Bedroom, & 2 Bedroom