The National Association of Realtors (NAR) class action lawsuit settlement is causing quite a stir in the media, and we have been engaging clients in discussions about how it will impact the market here in San Francisco. So, what is changing? At the core, not a whole lot, to be frank. Brokerage commissions are, and always have been, negotiable and the subject of meaningful conversations with our clients on how agents get paid, as well as the impact of shifting some of the commission burden from sellers (the traditional model) to buyers. The NAR settlement IS changing how the commissions (soon to be referred to as “concessions”) are advertised as sellers’ offers to pay buyers’ brokers will no longer be published on the MLS. Instead, sellers can advertise the “concessions” offered to buyers’ agents just about anywhere else, including brokerage websites, paid digital and print advertisements as well as property marketing materials that are published anywhere except the MLS. When it comes down to it, working with a full-service, experienced agent makes a difference in a successful home purchase or sale. It’s not just about the commission rate; it’s about getting the whole package – expertise, service, and value. Teaming up with a trusted, experienced and well-connected agent has been and will continue to be crucial for sellers to maximize their sale price and buyers to get into properties for the best possible price.

Below, check out our property spotlight, some of our upcoming listings, available homes & recent sales. And, of course, make sure to take advantage of fun things to do in SF and our team’s pick of the month!

As always, don’t hesitate to reach out to us with any real estate-related questions; whether you are ready to buy or sell or just want to explore options, we are here to help! If you need guidance outside San Francisco, remember that we also have an amazing national network of great agents who can help you, your friends and your family with real estate needs. We look forward to connecting with you soon! You can reach us at 415.845.5614.

✨ ✨ Sold for $4,100,000 – CASH Offer!

1369-1371 Sanchez was another resounding success! 🌟 We worked with our longtime client on the successful purchase of this property and we all saw major potential!

After consulting with the sellers on the purchase and design and helping them navigate several years of planning, including working with them to advise on a myriad of roadblocks from the planning department, we brought in one of the top design teams in the city to advise on a strategic staging approach.

We also marketed the property as a private listing and used the exclusive “Compass Coming Soon” program to reach over 50% of the real estate agents in San Francisco. Simultaneously, we leveraged our Top Agent Affiliation and connections to find Realtors with qualified buyers. In the end, we were all thrilled with the outcome — A cash offer and swift closing!

This success story demonstrates how our team’s expertise helps clients achieve their real estate goals! Ready to sell? Prep now for the Summer season! Reach out for more info!

San Francisco Market Trends

San Francisco Neighborhood Price Map

Hottest Market Since the Peak of the Pandemic Boom
Ever since the beginning of the year, and now moving into the spring selling season, striking shifts in supply and demand have occurred and continued to accelerate, resulting in a dramatic leap in the heat and competitiveness of market conditions. Based on current indicators and, more importantly, what is being experienced on the ground as new listings arrive on the market, deals are negotiated, and homes go into contract, it appears likely that significant home price increases will begin to show up in Q2 2024.

Listings Accepting Offers (going into contract)
The March 2024 number of listings going into contract (pending sale) was the highest since mid-2022, an illustration of the rapid heating of the market this spring.
This statistic is the most up-to-date indicator of buyer demand.

Percentage of Listing Accepting Offers
Absorption rate measures buyer demand vs. the supply of listings for sale: The higher the percentage, the more heated and competitive the market.
Absorption rates for both houses Spring (yellow columns) and condos
2022 (brown line) have recently seen huge jumps, and are now at their highest points in years.

SF Ferry Building May Events!

San Francisco’s Ferry Building hosts events, pop-ups, a farmers’ market, and countless excellent merchants who sell their wares daily in the building’s many stalls. This May brings an exciting new lineup of activities including a special Mother’s Day pop-up and weekly movie nights at Fort Point Beer.
May 5: Head West Marketplace
May 12: Gardeneur Plant Market
May 12: Mother’s Day activities
Fridays: Ferry Flicks
Wednesdays: Live Music on the Plaza
Tues/Thurs/Sat: Ferry Plaza Farmers Market

Grandview Park

We love visiting Grandview Park, which is just steps from our home! Climb the stairs and see how the park got its name! At the top, you will enjoy jaw-dropping views stretching from downtown to Golden Gate Park and beyond. But there’s more to this hilltop gem than meets the eye! Picture this: a quirky mix of dune plants thriving atop 140-million-year-old Franciscan chert, a rock with a tale as old as time, formed when this area was part of an ancient sea floor. How cool is that? And let’s not forget the Grandview Trail, a whimsical adventure of wooden staircases and sandy pathways leading to the summit!

DA TEAM TIP: Stop at one of the many nearby eateries like Tartine on 9th Ave and pack a picnic and enjoy the View!

“The DA Team are truly best in class Realtors! From start to finish, their professional standards and expertise made selling my house a seamless process. Their understanding of neighborhoods, market nuances and unique selling points coupled with their genuine care for clients is why they have earned their outstanding reputation.“

– J.B., SELLER