Sub-District 9 Statistics
Based on May SFARMLS month over month data.
Welcome!
For Condos, both for sale and for lease, in the South of Market Area and Mission Bay it’s a buyer’s market. With the recent influx of Generation AI companies hiring locally the property showings have increased dramatically. So, keep your referrals coming! It is a Great time to Buy; You can refinance later!
Real Estate Loans Update:
The Federal Housing Finance Agency (FHFA) conforming loan limits increase to $766,550 in 2024. Up 5.5% compared to the current limit of $726,200. This is positive for first time home buyers coupled with the recent decrease in mortgage rates. The seller can buy down the loan interest rate for the buyer or contribute to the closing costs.
Please call me any time for information about the neighborhood or current market conditions. I look forward to working with you!
CA Real Estate Commissions to Change in July 2024
The National Association of Realtor’s (NAR) settlement agreement, will go into effect in July 2024, will no longer allow agents to publish the commission in the MLS listing. That rate would be established during negotiations.
Previously, the buyer’s and seller’s agents would split the commission. Going forward:
- the Buyer will pay their agent
- the Seller will pay their agent
Read my most recent testimonial:
I am thrilled to share my extraordinary experience working with Jane Hopkins, a truly exceptional real estate agent who transformed my condo into a modern masterpiece. From the moment we began, Jane demonstrated an unparalleled vision and dedication that redefined my property.
What started as a condo with outdated shag carpet and faux plaster walls was meticulously reimagined into a sleek, elegant space featuring white engineered floors and smooth white walls. This remarkable transformation extended to two bathrooms and a kitchen, all upgraded to reflect contemporary style and sophistication.
Navigating the sale of my condo during a challenging real estate market with interest rates at 7% and concerns about the future of San Francisco’s South of Market area was no small feat. However, Jane’s patience, perseverance, and expert negotiation skills ensured that we successfully closed the sale despite multiple challenging offers.
If you are considering buying or selling a property, I wholeheartedly recommend Jane. Her visionary approach, professionalism, and unwavering commitment to her clients make her the ideal partner in any real estate endeavor. Working with Jane was an absolute pleasure, and I am confident she will exceed your expectations just as she did mine.
– C.F., Seller –
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