San Francisco Real Estate Market Update: May 2018

April’s single family homes market in San Francisco was more of the same so far in 2018: fewer new listings and sales, and rising interest rates and sold prices. The rolling three-month median sold price for homes was up 25% over the same period last year. Condo/loft/TIC prices are also up, by 4.8%, outpacing the 3.6% Consumer Price Index rise for San Francisco.

Interest rates currently stand at approximately 4.5%, a 0.5% increase since December. So far, higher rates do not appear to have had a big impact on the market.

Single Family Homes:
The three-month rolling average median sales price of $1,679,167 is up 25% over last year’s.

Year-to-date, new listings are down 6.6% while sales are up 02.2%.

April’s inventory of 1.6 months is 30% lower than in 2017.

78% of homes sold over their list price and the median percent of list price received was 118% in April.

The three-month rolling average median sales price of $1,195,167 is up 4.8% over last year’s.

Year-to-date, new listings are down 1.9% while sales were up 9.8%.

April’s inventory of 1.9 months is 30% lower than in 2017.

70% of homes sold over their list price and the median percent of list price received was 106% in April.

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San Francisco Real Estate Market Update: April 2018

In spite of very rainy, wet weather, San Francisco buyers were buying in March, both single family homes and condominiums. The median sold price for homes eased off just a bit, from $1,700,000 to $1,687,500, while condos jumped from $1,094,000 to $1,250,000.

Likewise, the median sold price per square foot for a single family home eased off February’s record high and it was the condominium median sold price per square foot that hit a new high – $1,145.

Single Family Homes:
The three-month rolling average median sales price of $1,572,500 is up 21% over last year’s.

Year-to-date, new listings are down 11% while sales are up 0.26%.

March’s inventory of 1.5 months is 28% lower than in 2017.

79% of homes sold over their list price and the median percent of list price received was 117% in March.

The three-month rolling average median sales price of $1,131,333 is up 2.2% over last year’s.

Year-to-date, new listings are down 6.9% while sales were up 4.8%.

March’s inventory of 1.9 months is 30% lower than in 2017.

59% of homes sold over their list price and the median percent of list price received was 102% in March.

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SOLD: 342 Point Lobos

Sold for $1,400,000
Seller Represented

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10 Perfect Mother’s Day Hikes

SF Parks alliance just tweeted about this great list of walks in our cities parks. I can’t wait to try them out!

1. Moraga Tiled Steps to Grand View Park

(Photo by Duncan Calvert)

This secluded Sunset district gem takes you up 163 stunning mosaic tiled steps from 16th Avenue to Grand View Park, created by over 300 community members in 2005. Upon arrival to the top, you’re rewarded with a view of the last strip of Sunset houses on the beach to the west, Mt. Diablo to the east, and Mt. Tam to the north – Karl (the Fog) permitting. Find hike >

Distance: 1/2 mile loop

2. McLaren Park’s Philosopher’s Trail Loop

(photo by EJB)

San Francisco’s second largest park has been experiencing a renaissance over the past few years, resulting in spectacular activities and trails like Philosopher’s Way – born 2013. This trail loops you around the perimeter of the park, leading you through beautiful vistas of the Bay, eucalyptus and cypress groves, and sunny meadows. Dog friendly! Find hike >

Distance: 2.7 miles

3. Filbert Steps

(Photo by Stephan Ango)

Ground zero for the wonderfully eclectic Parrots of Telegraph Hill, this steep stroll offers amazing views with a great cardio workout! On your way up to Coit Tower, find lush gardens in nooks and crannies along the way, see the Humphrey Bogart cutout on the art deco Malloch Building, and take in the rest of the stunning views. And keep an eye out for the parrots! Find hike >

Distance Steps: 1/5 mile loop

4. Creeks to Peaks: Glen Canyon Park to Twin Peaks Summit

(Photo by Hira Zahir)

These two park treasures were recently connected by an extended green beltway to create one of the best urban hiking experiences in SF! As you make your way through Glen Canyon Park keep an eye out for Redhawks, owls, banana slugs, as well as the the only publicly accessible creek in San Francisco. Once you reach Twin Peaks summit, take in one of the most rewarding views in the Bay! Find hike >

Distance: 1.8 miles

5. Lands End

(Photo by Inna Markosvka)

An old time San Francisco favorite. Check out Sutro Baths, the infamous rock labyrinth, and 1.5 miles of Golden Gate Bridge views. After the hike, head up to Legion of Honor or continue onward to Ocean Beach!Find hike > 

Distance: 3.5 mile loop

6. Heron’s Head Hike

(Photo Hannah Russel-Goodson)

The beauty of the Blue Greenway (13 miles of forthcoming parkway from Candlestick Point to AT&T Park) is at its best at Heron’s Head Park. This short and sweet trail on the southeastern waterfront offers a bay front experience perfect for observing the more than 100 species of birds in the area. The site is also home to the EcoCenter, an environmental education center. Find hike >

Distance: 1.5 mile loop

7. Bernal Hill

(Photo by Dakota Dorn)

One of the biggest off-leash areas in San Francisco, Bernal Hill includes a 360 panorama view of the city, great for sight seeing the Golden Gate Bridge, downtown, the San Bruno Mountains, and watching Twin Peaks succumb to the afternoon fog. Don’t forget to check out the new swing atop the summit! Find hike >

Distance: 1 mile loop

8. Mt. Sutro Loop

(Photo by Dennis Belogorsky)

Hard work from our park partner Sutro Stewards has revived this glorious San Francisco forest, with multiple trails that take you up and around the Eucalyptus mountain. Hear over 45 species of bird chirping, pass the spring wildflowers, and find the unique wood sculptures along the way. On a foggy day you can walk through the clouds. Find hike >

Distance: 2 mile loop

9. Batteries to Bluffs

(Photo by Ray Bouknight)

A go-to hike for those new to San Francisco, this Presidio bayside hike offers unrivaled views with plenty of history along the way. As you stroll up and down the stairs on the the edge of the Pacific, stop by Baker and Marshall’s Beach, learn about the abandoned gun batteries, and take in an up close and personal view of the Golden Gate Bridge and the Marin Headlands. Find hike >

Distance: 2.3 mile loop

10. Mission Creek Trails

(Photo by Jes Muse)

This peaceful stroll is a gem on the north side of the Blue Greenway and is sure to receive more traffic with the forthcoming Warriors Arena. Find the fun boathouses and paddle boarders as you hike along the hidden creekside paths. Find hike >

Distance: 1 mile

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SOLD: 28 Yukon St

Offered at $ 1,049,000
Sold for $ 1,501,000
Buyer Represented


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Yes on Prop G on June 5!!

Anyone who’s talked to me for very long knows I’m a huge fan of SFUSD’s public school and it’s teachers. I think that the strength in our city comes from many different factors and that having great schools is an important part of that. I don’t tell you to move to Marin or send your kids to private school as so many of my colleagues do. I say, learn about our complex school district and all it’s options and celebrate the opportunities available.
But we do have a big problem with teacher retention because the high cost of living places a lot of stress on teachers. I’m doing my part one family at a time getting teachers into homes whenever I can, but you can help too and a semi-permanent pay raise would be a big step in the right direction.
I think Bridget does a better job than I could and gets her point across quite eloquently. I appreciate your taking a moment to read what she has to say!
From client and friend middle school counselor Bridget Early:

I have worked for SFUSD for ten years as a School Social Worker, THE ENTIRE TIME at Everett Middle School. I have seen the same problem every year…teachers leave. The majority of teachers do not quit due to being unhappy. Everett Middle School is a great place to work. Our administration is exceptional and teachers feel supported by them. Teachers at Everett love the kids and the entire staff gets along with each other. It is the same story you’ve heard before: teachers simply can’t afford to live here. They are sick of living with five roommates and working side jobs and teaching summer school IN ORDER TO MAKE ENDS MEET. The good news is THAT San Francisco is trying to address this problem. They have developed teacher housing loan programs, from which my family has benefited. Companies such as SalesForce are giving public schools money (and yes, how sad that we have to do this). Although I see these attempts as promising, it’s still not enough. Let’s keep in mind that teachers teach because they care about the public good and the future of our children and THE world. They are not paid nearly what they deserve, but they teach anyway. THIS argument is not about MAKING teachers wealthy. This is about a decent livable wage. In San Francisco, a livable wage IS MUCH HIGHER than the current median teacher salary of $68,000 a year (if we made this and lived in the middle of Kansas… I wouldn’t be complaining– but we don’t and we need more). If our SF teachers were compensated well, then our schools would be more stable and ultimately, our children would benefit. More good news: there is hope, but it depends on YOU! To the voters of San Francisco who came here to live in a progressive place, you can do something about it. Vote YES on Prop G. This is why:

For those of you who need a refresher, Prop G is a parcel tax. Homeowners will be taxed $300/year — except for those who are 65 and older. This parcel tax will NOT affect renters. Landlords must pay the cost. If it passes, all educators in the district including: school nurses, social workers, counselors, wellness coordinators, paraprofessionals and other non-classroom teachers will receive a 7% raise that will last for twenty years. This would make a HUGE difference in the life of San Francisco educators for all of the reasons stated above. JUST AN EXAMPLE: if a teacher today makes the median salary of $68,000 and Prop G passes, this teacher would make $72,760 for the following school year. This is a difference of $4,760 a year or $400 more per month. This modest increase MAY NOT SEEM LIKE MUCH, BUT IT IS A CAR PAYMENT, A DOCTOR’S APPOINTMENT, GROCERIES FOR A FAMILY–IT is the least we can do for those who play such an important role in the development of our youth. For anyone who is a little bit skeptical… I’ve got you. Show them this:

Homeowners! The median price of a home in San Francisco is 1.6 million dollars. I know what you’re thinking…you cannot pay one more cent in property taxes. I feel you; I’m a homeowner too. But… yes you can. $300 dollars more a year in property taxes is less than what you would pay if you bought a small latte at Starbucks every day (you know you do that; don’t worry, I was educated by a public school teacher so I’ve done the math for you, and it’s $1,218/year) for that frothy beverage. I’m not saying you need to give up coffee (trust me, I love my morning jolt) I’m saying…If you can afford that extra, you can afford the $300. And be grateful that you’re paying $300 to teachers. Just for the record, if you are a household of four and you earn $80,000 or more a year, 24.9% of your tax dollars go to National Defense. 3.6% goes to Education and Job training. I’m not an economist, but that doesn’t seem right.

Okay, this one is for your next door neighbor, a homeowner, who sends her kid to a private school because they specialize in the arts. Are San Franciscans aware that only 17% of SF homeowners send their kids to public school? What if you told her that if she votes “yes” on Prog G, our public school teachers would actually get paid a decent wage and our district would have more money for programs like the arts, music and yoga–AND SHE COULD SAVE 30,000 DOLLARS A YEAR THAT SHE’S PAYING PER CHILD AT PRIVATE SCHOOL. How great would it be if we could change that 17% into a much higher percentage? We need you. Join us, you know you want to. If you’re not sure, come talk to our students at Everett… they’ll convince you that public school is where it’s at.

This next argument is for your uncle who is a Republican, but only for fiscal reasons. The vast majority of people caught up in the criminal justice system did not graduate from high school. According to the ACLU, most of the money you send to run the government operates jails and prisons filled with Black and Brown people who had substandard public school experiences because good teachers couldn’t afford to teach. Everyone knows that there is a clear link between lack of education and jail. What would happen if we paid teachers more and our schools were filled with excellent teachers who stayed committed to their students for years and got paid well for doing it? What if the start of this revolution only took $300 more from your uncle’s tax bill? I can’t imagine he’d say “no.”

Lastly, the techies! Don’t worry, I haven’t forgotten about you. I’ve heard you… you work 80 hour weeks too and you don’t get the summers off. The difference is (and I know you can google it but I’ll just tell you)…a median beginner tech salary is $106,000 annually. A beginning median salary for a credentialed teacher is $50,000 less than yours. So yes, we would love to travel around the world in the summer but we are here teaching your future kids (when you enter into your childbearing years, we know you will send your kids to public school). Thank you in advance and yes, your company probably helped fund our school.

So, throw us a bone… please vote yes on Proposition G… the city will be better because of it. Our children will benefit and YOU will feel good about yourself for helping the people who spend more time with your kids than you do, AND CARE ABOUT THEM DEEPLY…their teachers !!!!

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Sold: 2302 Damuth Street

Offered at $729,000
Sold for $956,000
Seller Represented
Property Type: SFD
Bedrooms: 3
Bath: 2

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SOLD: 152 Mckinney Avenue

Offered at $799,000
Sold for $1,010,000
Seller Represented

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SOLD: 365 Ralston Street

Offered at $998,000
Sold for $1,485,000
Seller Represented

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