What’s Happening In The Market? September Update

What's Happening In The Market?
September Update

Please note: this SFAR data is for August 2020

The housing and stock markets continue to be the leaders in the economy. In August, showings and pending sales remained at strong levels while housing inventory remained limited, continuing the competitive bidding market we have seen in recent months. With the stock indexes at or near record highs as mortgage rates remain near record lows, signs point to a busy fall housing market.

New Listings were down 15.8 percent for single family homes but increased 41.3 percent for Condo/TIC/Coop properties. Pending Sales increased 48.3 percent for single family homes and 45.8 percent for Condo/TIC/Coop properties.

The Median Sales Price was up 3.3 percent to $1,656,000 for single family homes but decreased 2.9 percent to $1,244,500 for Condo/TIC/Coop properties. Months Supply of Inventory increased 28.6 percent for single family units and 115.6 percent for Condo/TIC/Coop units.

As we look towards the fall, we normally see housing activity begin to slow a bit as the back-to-school season begins, but this year is far from normal. While uncertainty remains on what effects the upcoming elections and any seasonal resurgence of COVID-19 may have on the financial and housing markets, the healthy housing demand we see today will create significant tailwinds in the near term.

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 July SFARMLS month over month data.

The purchase market for single family homes is active well into the September.The rental market is picking up due to employees returning to work. Large companies will continue to work from home.

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:

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Museum Parc - 300 3rd St
Museum Parc #522 - $845,000
This is a great time to buy with low interest rates and low prices.
www.3003rdSt-522.com
Virtual TourCondo 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 #1403
Call for pricing

Description:

Rarely Available Penthouse Level with 10ft Ceilings
Studio, Jr. One Bedroom
Views: South Beach
Bathrooms: 1
Wood Floors
Remodeled Galley Kitchen
Remodeled Bathroom
Newer Blinds
Secure Building
Move In ready
Call for Pricing
6 month minimum
Leased Parking Available
Crunch Fitness & Heated Pool: Discounted Fee

MUSEUM PARC #808
$2950 (Reduced)
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
300 3RD St
MP #1012 – CORNER with PRIVATE ROOFTOP PATIOCall 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
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: $4,000

338 Main Street
San Francisco, CA 94105

Description:
Bedrooms: 1
Bathrooms: 1
Size: 950 SqFt
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 Condo

300 3rd St, #602
LEASED

www.MuseumParcCondos.com

Museum Parc Studio

300 3rd St, #404
LEASED