What’s Happening In The Market? March Update

What's Happening In The Market?
March Update

Please note: this SFAR data is for February 2021

Mortgage interest rates ticked a bit higher in February, but remain below their  February 2020 levels. Interest rates may rise a bit further in coming weeks, but according to Freddie Mac chief economist Sam Khater, “while there are multiple temporary factors driving up rates, the underlying economic fundamentals point to rates remaining in the low 3 percent range for the year.” With rates still at historically low levels, home sales are unlikely to be significantly impacted, though higher rates do impact affordability.

New Listings were down 24.3 percent for single family homes and 16.7 percent for Condo/TIC/Coop properties. Pending Sales increased 42.4 percent for single family homes and 51.9 percent for Condo/TIC/Coop properties.

The Median Sales Price was up 3.2 percent to $1,700,000 for single family  homes but decreased 4.5 percent to $1,217,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 28.6 percent for single family units but was up 25.0 percent for Condo/TIC/Coop units.

For homeowners currently struggling due to COVID-19, government agencies  are continuing efforts to help those in need. The Federal Housing Finance  Agency announced they will allow homeowners with loans backed by Fannie Mae and Freddie Mac to receive an additional three months of forbearance, extending total payment relief to up to 18 months. Qualified homeowners must already be in a forbearance plan as of the end of February.

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 February SFARMLS month over month data.

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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
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ARDEN #1405 
Available APRIL 2021
Asking $2,399,000 For Sale
$7,800 For Lease

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
ARDEN VIDEO TOUR
MUSEUM PARC
11th Floor, Corner Condo with City Views

Asking $3,700/ monthDescription:
Bedrooms: 2
Bathrooms: 2

VIEW LISTING
MUSEUM PARC 808
Asking $2,800/ month

Description:
Fully Furnished
Bedrooms: 1
Bathrooms: 1

VIEW LISTING
Coming Soon in Museum Parc For Sale and For Lease
Studio, 1 Bedroom, & 2 Bedroom
JUST LEASED

MUSEUM PARC #1008

Description:
Bedrooms: 1
Bathrooms: 1

MUSEUM PARC
#817

8th Floor, Corner Condo with Courtyard View

Lumina #22C

Badrooms: 2
Bathrooms: 2

Infinity #27F

Badrooms: 2
Bathrooms: 2

Museum Parc #315