June Newsletter

June 11, 2020

Mia's Newsletter

Hi Everyone,

It's been so wonderful to hear from you! I appreciate all your replies to this newsletter and thank you for continuing to watch my journey in the Bay Area real estate market.

Real estate is recovering!! The current market is definitely more active with motivated buyers and sellers. Although things are picking up, we cannot ignore the recent events surrounding systemic racial inequality and injustice. As a woman minority business owner, I support everyone in non violent protest on this issue. There are many ways you can support the movement and demand change. I encourage you to sign petitions and donate to causes that will make the world a better place here at Change.org.

In this months newsletter:

San Francisco Market Update
Polaris Pacific Condo Market Update (Look up your resale potential today!)
May Sold by Mia Takami
Exclusive Listings by Mia Takami Real Estate
SF Rental Market Update
Rental Listings by Mia Takami Real Estate

I am also excited to announce we were the #5 TOP TEAM out of 5,400 Keller Williams Agents in April! In addition, I made Gary Keller's Top 100 Individual Agents List ranked out of all agents nationwide. Thank you to all our clients, friends & family. We appreciate you!!

Market Update

Even though we are still under shelter in place, SF real estate services have opened dramatically allowing all staging, showings of occupied homes and Open Houses by appointment starting mid July. It is expected that the recovery will continue to surge over the coming months.

In May, the number of listings going into contract significantly increased. You can see SIP began mid March with a steep decline in offers accepted as the market went on "pause". This provides a most up to date measure of current market activity bouncing back.

As we reported, new home sales in April were up and these numbers were deals closed at the height of the lockdown. May sales and sales prices are down and reflect the impact of COVID-19 from late March to April.

Buyer demand is still strong as interest rates hit another historic low at the end of May. More and more buyers are taking advantage of low mortgage rates + a less competitive market.

Nationally, Zillow reported in the week ending May 10, newly pending sales nationwide were up almost 50% from the same period in April, plus, new for-sale listings were up 12.5% monthly and home values up 4.3% year-over-year.

30 YEAR MORTGAGE RATE

Polaris Pacific Condo Market Update

Polaris Pacific released their May 2020 Market Report featuring currently selling + sold out condo building statistics and resale values.

"During the three-month period ending April 30, the median price increased 3.1 percent from the prior year to $1,237,500. At the same time, there were 518 total resales, a 35.8 percent decrease from the prior year. Since March 2015, the median price has surpassed the $1,000,000 mark. For the month of May, resales in San Francisco decreased by 36.1 percent due to COVID-19 concerns." See graph below.

Read Full Report Here

May Sold

JUST SOLD - BUYER REP
181 Fremont St #60D
$3,600,000
2 Bedrooms / 2 Bathrooms
Corner condo with panoramic Bay Bridge & City Skyline views!

JUST SOLD - SELLER REP

5735 Claremont Ave | Oakland
$745,000
2 Bedrooms / 1 Bathroom / Approx. 750 Sq Ft
Charming condo in intimate 2 unit building. Close to shops/restaurants & 1 car garage!

JUST SOLD - BUYER REP

255 Berry St #701 | Mission Bay
$1,595,000
2 Bedrooms / 2 Bathrooms / Approx. 1365 Sq Ft
Beautiful top floor condo in prime Mission Bay neighborhood!

IN CONTRACT - BUYER REP

115 Uptown Circle #0095 | Oakland
$739,990
2 Bedrooms / 2.5 Bathrooms
High tech solar powered townhome in beautiful gated community Ice House!

Exclusive Listings

OPEN HOUSE BY APPOINTMENT &
COVID COMPLIANT IN-PERSON TOURS AVAIL NOW FOR ALL LISTINGS!

Book an Appointment Here

COMING SOON | Beacon Penthouse 250 King St #952

Offered at $2,450,000

3 Spacious Bedrooms / 3 Fully Renovated Baths
Custom Wood Built-In Home Office / Large Den or Family Room
5 high-efficiency/high-output VRF units (AC!)

Exquisite 2,450 sq ft combination of two of the most desirable Penthouse Condos on the southeastern corner of The Beacon in vibrant Mission Bay! Floor to ceiling windows provide a stunning backdrop with breathtaking views of the Bay, Oracle Ballpark and Downtown skyline. Over $500K worth of upgrades included!

NEW LISTING!
567 Vallejo St #301 | North Beach
$2,138,000
3 Bedrooms / 3 Bathrooms / Enclosed Den / Approx. 2139 sq ft
Entertain in grand style in this modern, generously spacious residence! Best value $999/ sq ft!!

NEW LISTING!
New Montgomery St #1010 | Yerba Buena
$1,348,000
2 Bedrooms / 2 Bathrooms / Bonus Room / Approx. 1149 Sq Ft

Class and elegance are uniquely embodied in this SE corner condo w private balcony!

260 King St #535 | Mission Bay
$1,248,000
CLICK HERE TO VIEW 3D TOUR
2 Bedrooms / 2 Bathrooms / Approx. 1230 Sq Ft
Stylish corner home w a spectacular front row birds eye view to all Mission Bay has to offer!

260 King #703 | Mission Bay
$1,299,800
CLICK HERE TO VIEW 3D TOUR
2 Bedrooms / 2 Bathrooms / Approx. 1286 Sq Ft
Amazing corner condo at The Beacon! Large private balcony off the master suite.

201 Folsom #39 | South Beach
$5,754,000
CLICK TO VIEW 3D TOUR
4 Bedrooms / 3 Bathrooms / Approx. 2692 Sq Ft
Signature corner sky residence with Panoramic Bay Bridge, Bay, Downtown City Skyline views with private balcony at LUMINA!

5737 Claremont Ave | Oakland
$699,000
CLICK HERE TO VIEW 3D TOUR
1 Bedroom / 1 Bathroom / Approx. 733 Sq Ft
Charming top floor condo in vibrant North Rockridge neighborhood! Close to shops, restaurants, public transportation!

101 Lombard St #802W | Telegraph Hill
$1,694,800
CLICK HERE TO VIEW 3D TOUR
2 Bedrooms / 2 Bathrooms / Approx. 1532 Sq Ft
Exceptional Waterfront Living w/ Breathtaking Bay views from every room! Over $400K worth of upgrades included!