Dear Friends,

While downtown may be in need of an overhaul with shuttered stores and homeless encampments, the neighborhoods are thriving! Just take a stroll down Clement Street and window shop, or dine at one of the 3 restaurants from the NYT annual list of America’s Best Restaurants in the neighborhood. And if that is not enough, hit up a night market out in the avenues or enjoy a FREE festival or outdoor movie! And we’re not the only ones who think so! TimeOut magazine ranked the Richmond District in its list of the “40 Coolest Neighborhoods in the World” (full list here). Read more about the Richmond in THIS SF Chronicle article and don’t miss our other neighborhood spotlights on our website on our Neighborhoods page and on our new VLOG page.

The buzz and energy found in the City’s neighborhoods is also beginning to show in the real estate market. While the housing supply is still below normal, September saw the largest single month of new listings in 2023 and inventory currently has hit a YTD high. This may lead to a substantial increase in sales in October. Supply and demand dynamics continue to be stronger for houses than for condos, and the downtown condo market is softer than condo markets in the neighborhoods. The best properties that check all the boxes are going fast with over-bidding and more cash offers!

Looking ahead, the California Association of Realtors® has provided an optimistic forecast for 2024. Their outlook includes a 23% increase in existing single-family home sales and a 6.2% rise in the median home price throughout the state. However, the housing supply is projected to remain below normal. If you are a buyer right now, this might be a great opportunity to find your dream home before the winter slow down and what will likely be a Spring surge. For sellers, it’s time to get ready for Spring. We are happy to check out your home and let you know what strategic upgrades are needed to help you maximize your sale price.

In the spirit of our LOVE of San Francisco, check out the video below, “Five Things We LOVE about SF.” It kicks off our “Five Things” series, so stay tuned for more! Also, check out some of our recent sales & some of our available homes. And, of course, don’t miss 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 local real estate-related questions. If you need help outside San Francisco, we also have an amazing network of great agents who can help you, your friends, and your family with real estate needs nationwide. We look forward to connecting. Dale can be reached at 415.748.1519 and Alla at 415.748.2550.

Discover the 5 reasons why we have called San Francisco home for over 30 years! 🌉 From iconic views to vibrant neighborhoods, we’re sharing the love for this dynamic city. Join us on a journey through the heart of SF! ❤️

San Francisco Market Trends

San Francisco Neighborhood Price Map

Average Median Sales Price trends (since 2005)

Median sales prices have had peaks and valleys over the years. Illustrated below, you can see that post pandemic surges have flattened out and median prices are in line with pre-pandemic prices.

a Mano

a Mano means “by hand” in Italian and refers to the way in which the kitchen and the bar approach the creation of each and every dish and cocktail. Each morning, the cooks make their pasta fresh by hand.

DA TEAM TIP: Our favorite time to visit is on the weekend when you can enjoy outdoor dining while Hayes Street is closed to cars: Fridays from 4pm to 10pm and Saturdays and Sundays from 10am to 10pm. It’s a fantastic spot to hang out and savor the weekend!

“Indeed, we consider ourselves very fortunate to work with Dale and Alla and their team. We are delighted to receive this unexpected gift, which is further evidence (if any were needed) of what excellent agents they are! “

– THE WHEELERS, BUYERS