What’s Happening in the Market – May 2020

What's Happening In The Market?
May Update

Please note: this data is for April 2020

While the stock market recovered significantly in March, the effects of COVID-19 to the economy continue to build. In just the last four weeks, more than 20 million people filed initial unemployment claims according to the United States Department of Labor, fueled by stay at home orders and a slowdown of economic activity across the country. Added to the unemployment claims from March, more than 30 million people have become unemployed since COVID-19 has become widespread in the U.S. In the face of these challenging times, real
estate activity in April slowed significantly.

New Listings were down 61.9 percent for single family homes and 62.9 percent for Condo/TIC/Coop properties. Pending Sales decreased 68.0 percent for single family homes and 72.0 percent for Condo/TIC/Coop properties.

The Median Sales Price was up 5.4 percent to $1,699,500 for single family homes and 6.1 percent to $1,300,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 15.4 percent for single family units and 13.3 percent for Condo/TIC/Coop units.

While the effect of COVID-19 continues to vary widely across the country, it is expected that social distancing, higher unemployment, and lower overall economic activity is likely to continue to constrain real estate activity in the near term. At the same time, the industry is adapting to the current environment by conducting business using technologies such as virtual showings and e-signing to help buyers and sellers with their housing needs in the face of these challenges.

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 April SFARMLS month over month data.
Sales are including contracts in the pipeline prior to Shelter in PlaceThe Shelter in Place is effecting Move-In & Move Outs for Sales and Rentals.

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
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

COMING SOON!
SHOWN BY APPOINTMENT
OAKLAND HILLS with EXPANSIVE VIEWS 

Rarely Available Oakland Hills Secluded Home on a 2+ acre Wooded lot in Chabot Park Highlands.

This is a single story, ranch-style home situated on 2.19 acres. The property overlooks approximately 300 plus acres of open space and is directly above Dunsmuir House in Oakland. It has expansive views of the Oakland Estuary and southern San Francisco Bay, including the Hayward-San Mateo Bridge.

Main House: 3BR/2.5BA/2 Car
Detached Apartment: 1BR/1BA. No kitchen
Well Maintained
Will Sell Off Market
Asking $2M

Call for details (415) 307-4300

COMING SOON!
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: June, 2020

Amenities - Floor Plans

Description:
Rent: $5100/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 
Museum Parc Condos
Yerba Buena
300 3rd St

Move In: June, 2020
www.MuseumParcCondos.com

Description:
Rent: $3400 / month
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 Condos
Updated Studio
300 3rd St

Move In: June, 2020
www.MuseumParcCondos.com

Description:
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 METROPOLITAN
355 1st St #1604, San Francisco, CA 94105Rent: $3900
Bedrooms: 1
Bathrooms: 1
Square Footage: 691
Parking: 1
Storage Locker: 1
East Facing, Water Views
Wood Floors
Air Conditioning
Luxury Amenities

Available: June/July 2020

NEW Pending Sale

350 Broderick St # 206, San Francisco
Another Happy Buyer in Escrow!

APRIL CLIENT RECOMMENDATIONS

Jane has been working with our family for more than fifteen (15) years.  We have bought and sold a number of condos in SF, but her range is vast - and we have had the privilege of having her work for us both as seller and as buyer for multi-million dollar sales on the Peninsula and South Bay.  She can take a property in any condition and maximize value - and she also has the vision to see opportunities.  We never doubt her loyalty to us and her devotion to getting us the best price.  She is our go-to for any real estate need, simply because we trust her to give us advice with our best interest in mind.  We would give her the highest recommendation!

- MC & BC, Longtime Clients