What’s Happening in the Market? September Update

What's Happening In The Market?
September Update

Please note: this SFAR data is for August 2022

Summer 2022 has been a season of change for the U.S. real estate market. With housing affordability at a 33-year low, existing-home sales have continued to soften nationwide, falling 5.9% month-to-month and 20.9% year-over-year as of last measure, according to the National Association of REALTORS® (NAR). Pending home sales have also continued to decline, while new listings have steadily increased, with unsold inventory reaching 3.3 months’ supply at the start of August. The pullback in demand has been particularly hard on homebuilders, causing new-home sales and construction to slow.

New Listings were down 13.7 percent for single family homes and 20.4 percent for Condo/TIC/Coop properties. Pending Sales decreased 25.2 percent for single family homes and 29.1 percent for Condo/TIC/Coop properties.

The Median Sales Price was down 12.0 percent to $1,625,000 for single family homes and 14.1 percent to $987,500 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 5.9 percent for single family units but was up 3.6 percent for Condo/TIC/Coop units.

Inflation, higher interest rates, and fears of a potential recession have taken a toll on buyers and sellers this summer, leading many people to stay on the sidelines to see what will happen with the market. But some experts, including NAR Chief Economist Lawrence Yun, believe the worst of inflation may be over. Although sales prices remain up from this time last year, price growth is expected to moderate in the months ahead as the market continues to shift in a more buyer-friendly direction.

San Francisco Condo/TIC/Coop Activity Overview
District 9: Central East Activity Overview

Sub-District 9 Statistics

Based on August SFARMLS month over month data.

The Return to the office!
For Condo sales, Supply and Demand continues to be an issue for the Summer. Price per Square foot is lower. For the Rental market, the rents are rising as demand is strong for return to the office.

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:


Museum Parc Condo
Yerba Buena
ASKING $1,375,000

Unique One of a Kind Garden Oasis!
Bedrooms: 2 / Bathrooms: 2
Architecturally Updated
~ 1472 Square Feet
Lush Courtyard Views
Lovely Wood Floors
Move In Ready!

Museum Parc Condo #516

ASKING $850,000

Bedrooms: 1 / Bathrooms: 1
Completely Updated
Extra Large Floor plan
Quiet Courtyard Views

Arden in Mission Bay
718 Long Bridge St, #1404

Panoramic City & Bay Bridge Views
Bedrooms: 2, Bathrooms: 2
Square Feet: 1473 Approx.
Exclusive Use Balcony
EV Parking Space & Storage
Resort Style Amenities

350 Broderick St #206
Available - $5000 / moDescription:
Bedrooms: 2 / Bathrooms: 2
2 Patios
Partially Furnished
Parking Available
NOPA Area. Panhandle area Parks, Grocery & Restaurants

Museum Parc #712
Available - Call for detailsDescription:
Bedrooms: 1 / Bathrooms: 1
Wood Floors
Quiet Courtyard Views
Easy to Show

Arden #319

Asking - $5900 / mo + ParkingDescription:
Bedrooms: 2 / Bathrooms: 2
+ Den
Patio, W/D, A/C
Available ~ 10/1/2022

Museum Parc Penthouse Studio

Call for detailsDescription:
Bedrooms: 0 / Bathrooms: 1
14th Floor -City Views
Remodeled, 10' Ceiling
Available ~ 9/20/2022

Museum Parc Condo
SOLD in 5 days

Bedrooms: 0 / Bathrooms: 1
Panoramic Skyline View

Arden #214
$1,550,000 Buyer RepresentedDescription:

Bedrooms: 2 / Bathrooms: 2
Terrace, Parking & Storage

Millennium 5E
2 Bedrooms / 2 Bathrooms

1545 Franklin St
Bedrooms: 3-4
Bathrooms: 2.5

355 1ST St #2004
Bedrooms: 1 / Bathrooms: 1