What’s Happening in the Market? November Update

What's Happening In The Market?
November Update

Please note: this SFAR data is for October 2021

The U.S. housing market remains robust, with strong activity reported across both rental and residential housing fronts. Single-family rent prices are increasing rapidly, as demand for single-family housing and inventory constraints forces some buyers to rent, increasing competition and pushing rents up across the nation. Meanwhile, sales of new construction single-family homes recently hit a six-month high, rising 14% to a seasonally adjusted rate of 800,000, according to the latest data from the U.S. Department of Housing and Urban Development.

New Listings were down 40.2 percent for single family homes and 28.5 percent for Condo/TIC/Coop properties. Pending Sales decreased 14.1 percent for single family homes but increased 18.3 percent for Condo/TIC/Coop properties.

The Median Sales Price was up 12.8 percent to $1,810,000 for single family homes and 8.5 percent to $1,250,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 55.3 percent for single family units and 66.4 percent for Condo/TIC/Coop units.

As temperatures drop, existing home sales continue to be plentiful, buoyed by strong demand, low interest rates, and a slight uptick in new listings in recent months, according to the National Association of REALTORS®. With interest rates inching upward, and experts expecting further rate increases on the horizon, motivated buyers are hoping to lock in their home purchases to take advantage of what are still historically low rates.

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 October SFARMLS month over month data.

Good News! Relocation companies are back with clients!
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 

ARDEN #506

Asking $1,795,000

www.Arden506.com
Showing by Appointment Per HOA CC&Rs

Description:
Southern Views
Bedrooms: 2 + Den / Bathrooms: 2
Square Footage: 1364
Family and Dog Friendly

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MUSEUM PARC #720

Asking $1,175,000

www.3003rdSt-720.com
Description:
City Views
Bedrooms: 2 / Bathrooms: 2
Updated
Square Footage: ~1254
Shows beautifully! This is not staged.

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MUSEUM PARC #1008

Available Now!
Call for details

Description:
Quiet Courtyard
Bedrooms: 1
Bathrooms: 1

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MUSEUM PARC #615

Available Now!
Call for details

Description:
Quiet Courtyard
Bedrooms: 1
Bathrooms: 1

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MUSEUM PARC #602

Available Now!
Call for details

Description:
Total Remodel
City Views
Bedrooms: 2
Bathrooms: 2

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MUSEUM PARC #1207

Available: Dec 1
Call for details

Description:
Quiet Courtyard
12th Floor View of the Hills
Updated floors, bathrooms & kitchen
SqFt: ~ 1000
Bedrooms: 1 / Bathrooms: 1.5
W/D

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MUSEUM PARC #719

Available: Jan 3
Call for details

Description:
City Views
Complete Remodel
Electric Blinds
SqFt: ~ 1433
Bedrooms: 2 / Bathrooms: 2
W/D

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75 Folsom “Hills Plaza” #1103

Fabulous, HOA Roof top Patio with Bridge Views
Available: Dec 3

Description:
City Views
SqFt: ~ 1000
Bedrooms: 1 / Bathrooms: 1
W/D
Parking Available

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Lumina - 23rd Floor
World Class Amenities
Available: Dec 15

Description:
Bridge & Water Views
5 Years Young
Wood Floors, Electric Blinds, A/C
SqFt: ~ 900
Bedrooms: 1 / Bathrooms: 1
W/D

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