What’s Happening In The Market? October Update

What's Happening In The Market?
October Update

Please note: this SFAR data is for September 2020

Strong buyer activity has continued into the fall, which is normally the start of the seasonal slowing of the housing market. With stronger buyer activity in the market this year and the continued constrained supply of homes for sale, speedy sales and multiple offers are likely to remain a common occurrence and will keep the housing market hot even when the weather is cooling.

New Listings were down 14.2 percent for single family homes but increased 1.0 percent for Condo/TIC/Coop properties. Pending Sales increased 30.3 percent for single family homes and 29.5 percent for Condo/TIC/Coop properties.

The Median Sales Price was up 8.8 percent to $1,665,000 for single family homes but decreased 9.1 percent to $1,205,000 for Condo/TIC/Coop properties. Months Supply of Inventory increased 21.2 percent for single family units and 92.7 percent for Condo/TIC/Coop units.

While mortgage rates remain near record lows, The Mortgage Bankers Association reports that lending standards are tightening, which makes it a bit more difficult for some buyers to qualify. At the same time, unemployment remains substantially higher than a year ago due to COVID-19. Despite all this, buyers are out in full force this fall, showing amazing resilience in the middle of a pandemic.

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 September SFARMLS month over month data.
The purchase market for single family homes continues to be active well into October.The rental market is picking up due to employees returning to work. Large companies will continue to work from home for some time.

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 

Museum Parc - 300 3rd St
Museum Parc #522 - Price Improvement $819,995
This is a great time to buy with low interest rates and low prices.
www.3003rdSt-522.com
Virtual Tour

Condo Features:
Bedrooms: 1
Bathrooms: 1
Square Footage: 871
Wood Floors
Optimized Walk-In Closet
Folsom St. Views
In Person Showing
Available Now

MUSEUM PARC #1008
Call for pricing

Description:

Move In ready
Call for Pricing
6 month minimum
Bedrooms: 1
Bathrooms: 1
New Carpet
Secure Building
Peaceful Courtyard Views
Leased Parking Available: $325/month
Crunch Fitness & Heated Pool: Discounted Fee

MUSEUM PARC #724
Call for pricing

Description:
Move In ready
Call for Pricing
6 month minimum
Bedrooms: 1
Bathrooms: 1.5
New Wood Floors
Electric Blinds
Secure Building
City Views
Leased Parking Available: $325/month
Crunch Fitness & Heated Pool: Discounted Fee
MUSEUM PARC #808
$2950

Description:

VIRTUAL TOUR
Executive Fully Furnished – 6 month minimum
Bedrooms: 1
Bathrooms: 1
Wood Floors
In Unit Washer/Dryer
Secure Building
Courtyard Views
Leased Parking Available: $325/month
Crunch Fitness & Heated Pool: Discounted Fee

MUSEUM PARC

MP #1012 – CORNER with PRIVATE ROOFTOP PATIO

Call for pricing

Zillow

Bedrooms: 1
Bathrooms: 1

Description:
Private corner condo
Spectacular Rooftop patio with sliding doors
Bask in the sun & watch the sun set behind the dome of city hall
Wrap around floor to ceiling windows
Floors: Wood, Carpet, Tile
In Unit Washer/Dryer
Dual Pane Windows
Secure Building
Views: Bayt, Mission Bay, SOMA, Yerba Buena
Leased Parking Available: $325/month
Crunch Fitness & Heated Pool: Discounted Fee
Coming Soon

MUSEUM PARC
300 3RD St

FOR SALE or FOR RENT
2 Bedroom, 2 Bathroom, Courtyard view

Call for pricing

Description:
Coming in November
Call for Details
Split Bedroom Floor plan
Bedrooms: 2
Bathrooms: 2
Brazilian Cherry Floors
Kitchen Updates: Partial
In-Unit Washer/Dryer
Optimized Closets
Peaceful Courtyard Views
Private Outdoor Patio
Hills Plaza 11th Floor

75 Folsom St @ the Embarcadero

Call for pricing

Bedrooms: 1
Bathrooms: 1
Size: 950 SqFt

Description:
Boutique Condo Building – only 67 units
Floors: Wood Floors, Carpet, Tile
In Unit Washer/Dryer
Dual Pane Windows
Secure Building
Urban & Water Views
Parking Available
Arden #1501

For Lease: $5,500

718 Long Bridge Street
San Francisco, CA

www.ardeninfo.com

Description:
Bedrooms: 2
Bathrooms: 2
Floors: Hardwood, carpet, tile
Laundry: In-Unit
A/C: Yes
Pets: None
Parking, Storage: Optional
View: Magnificent water view
LUMINA #17D

For Lease: $3,600

338 Main Street
San Francisco, CA 94105

Bedrooms: 1
Bathrooms: 1
Size: 950 SqFt

Description:
Views: Water, Bay Bridge
Morning Sunlight
Floors: Wood Floors, Tile
In Unit Washer/Dryer
Dual Pane Windows
A/C
7000 Sq Ft Fitness Center
Indoor Pool
Secure Building
Parking Available
Museum Parc Studio

300 3rd St, #1403
LEASED

www.MuseumParcCondos.com

Museum Parc Studio

300 3rd St, #609
LEASED