What’s Happening in the Market – July 2020

While much of the country was working on a phased reopening of the economy in June, real estate activity continued to strengthen as well. Nationally, June showing activity as tracked by ShowingTime was up notably from the COVID-19 depressed levels in recent months but was also up from June 2019, reflecting pent-up demand by prospective home buyers.

New Listings were down 3.4 percent for single family homes but increased 37.3 percent for Condo/TIC/Coop properties. Pending Sales increased 1.0 percent for single family homes but decreased 6.1 percent for Condo/TIC/Coop
properties.

The Median Sales Price was up 3.1 percent to $1,805,000 for single family homes but decreased 6.7 percent to $1,212,500 for Condo/TIC/Coop properties. Months Supply of Inventory increased 25.9 percent for single family units and 76.7 percent for Condo/TIC/Coop units.

While buyer activity continues to be robust, seller activity continues to be a bit softer, with fewer homes being listed for sale than a year ago. Many housing experts believe sellers remain reluctant to list their homes due to continued concerns over COVID-19, which was beginning to see a resurgence in June. Until sellers regain confidence, housing inventory will continue to be constrained during what is expected to be an active summer selling season.

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 June SFARMLS month over month data.

The supply of homes is UP. Demand is Price sensitive.For the rental market, the rents have declined as demand is flat in the SOMA/South Beach/Mission Bay areas.

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

NOW Available to Show ‘in Person’ with COVID-19 safety protocols

MISSION BAY - ARDEN #1405
For Sale: $2,398,000 IMPROVED PRICING

Impressive Arden Corner Condo with Panoramic Sunsets
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
Roller shades and black out
Optimized closetsAvailable: NOW

www.Arden1405.com - Building

Arden 506, Mission Bay
For Sale: $1,698,000 or For Lease: Call for PriceSpacious with Work @ Home Upgrades
718 Long Bridge St #506, San Francisco, CA 94158Condo Features:
Bedrooms: 2
Bathrooms: 2
Square Footage: 1364
Parking: 1
Storage Locker: 1
Stunning Sunset Views
Wood Floors
Carpet in Bedrooms
Air Conditioning
Automated Roller Shades
California Closets
Luxury Amenities
Available in July
Sale or Lease
Museum Parc - 300 3rd St #522
For Sale: $845,000Condo Features:
Bedrooms: 1
Bathrooms: 1
Square Footage:  871
Wood Floors
Optimized Walk-In Closet
Folsom St. Views
Refresh in Process
Available to Show & Sell Off Market
Museum Parc - 300 3rd St #609
For Sale: $650,000Condo 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 to Show & Sell Off Market
Lumina - Bay Bridge & Water Views

338 Main Street
22nd Floor

Move In: August, 2020

Amenities - Floor Plans

Description:
Rent: CALL FOR DETAILS

Bedrooms: 2
Bathrooms: 2
Wood Floor
Electric Blinds
Closet Organizers
In Unit Washer/Dryer
7000 SqFt Fitness Center
In-Door Pool
Secure Building
Valet Parking Available
Museum Parc Condos
Yerba Buena
300 3rd StMove In: July, 2020
www.MuseumParcCondos.com
Description:
Bedrooms: 1
Bathrooms: 1
Wood Floors
In Unit Washer/Dryer
Secure   Building
Leased Parking Available: $310/month
Crunch Fitness & Heated Pool: Discounted Fee
Museum Parc Condo

300 3rd St, #602

Move In: July, 2020
www.MuseumParcCondos.com

Description:
Beautiful Remodel
Call for details!
Bedrooms: 2
Bathrooms: 2
Wood Floors
In Unit Washer/Dryer
Secure Building
Leased Parking Available: $310/month
Crunch Fitness & Heated Pool: Discounted Fee
Museum Parc Condos
Updated Studio
300 3rd St #1009Move In: July, 2020
www.MuseumParcCondos.com
Description:
Updated Studio

Price: Call for Details!
Courtyard Views
Bedrooms: 0
Bathrooms: 1
Wood Floors
Updated Kitchen & Bathroom
Price: Call for details!
Secure   Building
Leased Parking Available: $310/month
Crunch Fitness & Heated Pool: Discounted Fee
1541 Franklin St
San Francisco, CA 94109
VIRTUAL TOURFOR LEASE
Bedrooms: 3
Bathrooms: 2 
Description:
Appliances: Refrigerator, Range, Washer/Dryer
Flooring: Carpet and Tile
Square Footage: 1700 approx.
Apartment: 3rd Floor Walk Up
Utilities Included: Water
Tenant Pays: PGE Electric, Gas, Cable, Internet
Area parking only