San Francisco has seen four major housing booms in the past 40 years. Each time, there were enthusiasts who believed the boom would never end, but like all markets, corrections eventually occurred. Since the Gold Rush, San Francisco has seen boom and bust with major industries replacing those that left or became antiquated – but it has always rebounded and morphed into an even better version of itself. Enduring for generations is the fact that San Francisco is one of the world’s premier metropolitan areas, renowned for its role as a financial and cultural hub, its stunning natural surroundings and expansive open spaces, its vibrant ecosystem fostering innovation, as well as its ethos of diversity, openness, and boundless opportunity. Yes, San Francisco faces well documented challenges – challenges faced by every metropolitan area in the country. Based on the City’s history of bouncing back again and again, we firmly believe that it will innovate, face the adversity and maintain its status as a global powerhouse.
These current market forces demand adding new approaches to buying and selling real estate. If you or someone you know is ready to consider buying, leveraging our expertise in negotiations and our connections for buyers is essential with less inventory and more competition for homes. For sellers, we’ll identify strategic upgrades and the appropriate list price and marketing strategy so you’ll achieve optimal results.
Below, check out the latest news on the San Francisco real estate market, some of our listings and don’t miss fun things to do in SF along with our team’s pick of the month!
We look forward to connecting. Dale can be reached at 415.748.1519 and Alla at 415.748.2550. Please stay safe and healthy!
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Below is a look at long-term mortgage interest rate trends and consumer confidence. Two macroeconomic trends strongly impacting not just the SF real estate market but the US real estate market.
Dale + Alla Team Take
Although buyers are not accustomed to the current “higher” interest rates, if you compare current rates to those over the past several decades, they are still relatively low. Nevertheless, higher rates coupled with lower consumer confidence have contributed to the current slowdown in buyer demand.
BEAUTIFULLY TRANSFORMED & SOLD!
We’re thrilled to announce the sale of 644 Fillmore Street! After being a rental property for 7 years, the home underwent a stunning transformation under our guidance to get it ready to hit the market. Combined with an impressive marketing campaign, the sellers saw a super quick sale and an ROI of ~400% on their investment in strategic property preparation 💥
This incredible success story is just one of many examples of how our team’s expertise can help our wonderful clients achieve their real estate goals!
If you would like to learn more, please reach out. We are happy to help!
Are you or someone you know looking to move out of the area? We are the exclusive San Francisco Members of the Private Client Network, a nationwide group of like-minded Compass agents that collectively sold $8.4 billion in real estate last year. Reach out, and we’ll put you in touch with a top professional – all of whom we know personally!
Let us help you with your next move regardless of where it is.
June 3rd & 4th
Union Street Festival in the historic Cow Hollow District has a long standing tradition of connecting the community together, and more than ever look to building back the neighborhood atmosphere of San Francisco. They believe in creating a space for diversity, unity and inclusion to allow for a safe gathering of local artists, musicians and families, while charting a path forward of sustainability and reducing the event’s overall carbon footprint.
The Best Food To Pick Up On Your Way To A Picnic
The weather is slowly transitioning into what we can passably call “summer,” and it doesn’t seem like outdoor get-togethers are going away any time soon – which means we’re contractually obligated to provide you with ideas for your next picnic. And luckily, San Francisco is home to some fantastic parks. So grab your favorite tote bag and head to one of these 21 spots to pick up food for your afternoon in the sun.
NORCINA
The Marina restaurant turns out creative handmade pastas and pillowy Neapolitan pies that are perfectly charred. But the salads, snacks, and large plates aren’t afterthoughts, which is exactly why this spot rises to another level. The toasted little gem with poached egg, boccarrones, and bread crispies is warm and creamy. Impressive-looking pork shanks, chicken Milanese, and sausage-stuffed pork snouts come over well-seasoned grains. For dessert, roast your own marshmallows at the table for s’mores.
D+A Team Pick: Don’t miss the spritz tasting to start and of course finishing up with roast your own s’mores is a MUST!
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