What’s Happening in the Market – June 2020

What’s Happening In The Market?
June Update

Please note: this data is for May 2020

While the effects of COVID-19 in the broader economy continue, real estate activity is beginning to recover across much of the country. According to Freddie Mac, mortgage rates have been below 3.3 percent for more than four weeks and are hovering near all-time lows, spurring strong interest by buyers and lifting showing activity up 4% nationally versus a year ago in the final week of May.

Buyers have been quicker to return to the housing market in force than sellers, who have been showing a bit more reluctance to list their homes than is typical for this time of year. But trends are improving and as states and localities continue to moderate their COVID-19 policies, real estate activity is expected to continue to improve in the coming weeks.

New Listings were down 33.8 percent for single family homes and 7.3 percent for Condo/TIC/Coop properties. Pending Sales decreased 41.5 percent for single family homes and 58.9 percent for Condo/TIC/Coop properties.

The Median Sales Price was down 3.3 percent to $1,630,000 for single family homes and 10.8 percent to $1,110,000 for Condo/TIC/Coop properties. Months Supply of Inventory increased 15.4 percent for single family units and 43.3 percent for Condo/TIC/Coop units.

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 MaySFARMLS month over month data.
Sales reflect contracts during Shelter in Place when showing were on hold. Loan processing was delayed.With Shelter in Place ending the Active Sale Listing are Increasing.
Rental Supply is Increasing as work from home is continuing.

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: $2,500,000

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
Automated Roller Shades
California Closets
Luxury Amenities

Available: NOW

www.Arden1405.com – Building

Arden 506, Mission Bay
For Sale: $1,698,000Spacious with Work @ Home Upgrades
718 Long Bridge St #506, San Francisco, CA 94158

Condo 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

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 2020

Lumina – Stunning Water Views

338 Main Street
23rd Floor

Move In: Ready

Amenities – Floor Plans

Description:
Rent: $4800/month
Bedrooms: 1
Bathrooms: 1
Water Views
Wood Floor
Electric Blinds
Closet Organizers
In Unit Washer/Dryer
7000 SqFt Fitness Center
In-Door Pool
Secure Building
Valet Parking 
Lumina – Bay Bridge & Water Views

338 Main Street
22nd Floor

Move In: July, 2020

Amenities – Floor Plans

Description:
Rent: $8400/month

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 St

Move 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

Move In: July, 2020
www.MuseumParcCondos.com

Description:
Updated Studio

Call for Details!
Courtyard Views
Bedrooms: 0
Bathrooms: 1
Wood Floors
Updated Kitchen & Bathroom
Secure   Building
Leased Parking Available: $310/month
Crunch Fitness & Heated Pool: Discounted Fee
SOUTH BEACH
THE MET
355 1st St #1604, San Francisco, CA 94105

Move In: READY

Description:
Rent: $3850
Bedrooms: 1
Bathrooms: 1
Square Footage: 691
Parking: 1
Storage Locker: 1
East Facing, Water Views
Wood Floors
Air Conditioning
Luxury Amenities