Living415

SOLD: 656-658 Andover Street

Sold for $1,300,000

Buyer Represented
Property Type: Single Family Home

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San Francisco Real Estate Market Update – July 2017

June’s median sales price for single family in San Francisco backed off a bit from its all-time high in May, dropping from $1,502,675 to $1,465,989. At the same time, single family home inventory was at the lowest level, 1.6 months, for June in 10 years. This is largely due to the fact that the number of new listings on the market in 2017 is down 8.8% from 2016 while the number of sales is up 1.3%.

The incredibly tight supply coupled with strong demand pushed overbids up as well, to 115%, the highest since October, 2015.

Condo listings are also down from 2016, by 13.3%. And, like homes, sales are up, by 6.6%, leading to a 2.2 months supply. So, like single family homes, condos sold at a median overbid of 102.5%, off just slightly from May’s 102.7%.

The exceptionally strong San Francisco economy continues to be behind these numbers. Unemployment stands at just 3.0%, down from 2016’s 3.4%. There are more jobs filled in every category tracked by the Bureau of Labor Statistics in June, 2017 than there were in June, 2016. And while the increase in the number of new jobs is slowing, jobs are still being added.

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SOLD: 4136-4138 Judah Street

Sold for $951,000

Buyer Represented
Property Type: Single Family Home

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San Francisco Is Burning

A series of strange and unsettling fires in the Mission District have people wondering: Are the city’s landlords using arson to drive out low-income tenants? And is this the deadly endgame of gentrification and tech-boom greed? Jon Ronson investigates the mystery.

I’m sitting by the fireplace, as I told him I would be. This is in a café near the Mission District in San Francisco. I spot him straightaway because he looks so jumpy. He’s never talked to a journalist before. We give each other surreptitious nods. He sits down. He’s nice-looking, in his early 50s, with shaggy hair and tinted glasses.

“Don’t screw me over,” he says.

It’s about the first thing he says to me.

He stirs his coffee. “I don’t lead a life of crime, just so you know,” he says. “You probably don’t realize that.”

Then he tells me why he plotted to burn down the apartment building he owned.

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SOLD: 24 Blake Street #1

Sold for $1,425,000

Buyer Represented
Property Type: Condo

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Film Night in the Park

I think you might find us watching the *old* Beauty and the Beast on Saturday, July 15th at Union Square. This is always great fun!

2017 Film Night in the Park Schedule Presented by Monterey Bay Aquarium with the S.F. Neighborhood Theater Foundation.

All films begin at dusk.

BEAUTY AND THE BEAST (1991), Saturday, Julu 15th, Union Square
FOOTLOOSE (1984), Saturday, August 5th, Dolores Park
LA LA LAND (2016), Saturday, August 26th, Wash. Sq. Park
THE GRADUATE (1967), Saturday, September 9th, Union Square
THE BREAKFAST CLUB (1985), Saturday, Sept. 23rd, Dolores Park

About Film night in the Park:

Film Night in the Park is San Francisco’s premiere outdoor film series. Over 125,000 people have attended Film Night in San Francisco since 2003. Films are presented free of charge on a giant outdoor screen in beautiful park settings. Attendees are encouraged to picnic before screenings and are discouraged from bringing chairs.

Become a Sponsor of Film Night in the Park!

Sponsorships are still available for Film Night in the Park 2017. Join the generous family of corporate and neighborhood sponsors who make Film Night possible. For more information click here or call (415)465-3456.

Getting to Film Night:

Guests are encouraged to walk, bicycle or take public transportation to all Film Night in the Park screenings.

Dolores Park
Dolores Park is bounded by Dolores, Church, 18th and 20th Streets and the film will be screened in the park at Dolores and 19th Streets. Dolores Park is served by the MUNI Metro J-Line and by MUNI’s 33-Ashbury. The 16th Street BART/MUNI station on Mission Street is a 15-minute walk from Dolores Park.

Washington Square Park
Washington Square is located at the intersection of Columbus and Union Streets in San Francisco’s North Beach neighborhood. The Park is served by MUNI bus lines 30, 45 and 39. The Powell/Mason Cable Car line stops one block from the Park (at Union).

Union Square Union Square is bounded by Powell, Post, Stockton and Geary Streets in San Francisco. It is served by all MUNI Metro lines (Powell Street Station), by BART (Powell Street Station), and by multiple MUNI bus and cable car lines. read more →

San Francisco Real Estate Market Update – June 2017

The median sales price hit an all-time high for both single family houses and condo/loft/TIC’s in May. The incredibly tight supply coupled with strong demand pushed the prices up and the overbids as well. Single family homes sold at a median overbid of 114.7%, the highest since October, 2015. Condos sold at a median of 103% of list price, the highest overbid percentage since May 2016.

As we discussed last month, the number of new single family home listings coming on the market was down sharply in April, 25.5%, and we saw that repeated again in May with a 12% year-on-year drop.

Likewise, the precipitous decline, 33.5%, in new condo/loft/TIC listings coming on the market in April, was followed by a 23% drop year-on-year for May. This is the third double-digit monthly year-on-year decline for new condo/loft/TIC listings this year.

The total number of single family homes sold was up 5.5% in May while condo/loft/TIC sales were unchanged.
Inventory stands at 1.8 months for single family homes, down 25% year-on-year, and 2.3 months for condo/loft/TICs, also down 25%.

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SOLD: 225-229 Clayton Street

Sold for $2,501,000

Buyer Represented
Property Type: Multi-Unit

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SOLD: 311 Jersey Street

Sold for $2,250,000

Seller Represented
Property Type: Single Family Home
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