Despite the ongoing health and economic pandemic, the SF real estate market has made a large recovery from the steep declines in March and April. On a positive note, interest rates remain at historic lows, which have helped support home prices. Buyers are active in the market with new showing regulations to ensure safety. Some buyers may no longer be looking in the city, but rather the suburbs for larger homes and outdoor space. We see condo market inventory spike compared to single-family homes.
Within San Francisco itself, supply and demand conditions have diverged dramatically between single-family home and condo markets. It is important to note that if you are considering selling or buying, it is now more important ever to choose a realtor who has their finger on the pulse of the market on a minute-by-minute basis. Here is the link to our concierge services that have proven to maximize our clients’ selling price.
In this months newsletter:
- 2020 Mid Year Condo Report – 16 Buildings Featured!!
- San Francisco Market Update
- Recent Sold by Mia Takami Real Estate
- Exclusive Listings
- Rental Listings
- Fun Photos of my Camping Trip to Big Sur!
We are pleased to announce that we were featured in the Real Trends and Wall Street Journal’s List of America’s Best Real Estate Professionals in 2020. This achievement was only possible because of our wonderful team and our amazing clients. Thank YOU for making this happen again this year.
2020 Mid Year Condo Report
Our 2020 Mid Year Report, outlines the condo market trends for the first half of 2020. 16 buildings are featured in our new report along with year over year statistics, recent sold and much more!
Despite the ongoing health and economic pandemic, the SF real estate market has made a large recovery in activities from the steep declines after Shelter In Place. Although we are learning how to adapt to a new “normal”, we invite you to embrace the uncertainty. Whether you are staying in San Francisco or embarking to a new city, you can do your research with our team. We hope to be your valuable source of expert knowledge in neighborhoods and local market trends. Call us to discuss how we can help you achieve your real estate goals 415.728.2596.
San Francisco condo inventory peaks! At the end of July, single-family homes made up only 26% of active listings and only 34% of new listings. Buyers may be prioritizing single-family homes as compared to condos as they are looking for more outdoor and work from home space. Single family homes have not seen the same level of declining demand and median home sales prices are as high as they have ever been.
The median condo sales price, while not particularly low, has been running lower than the highs of last year. However, as the number of listings accepting offers decreased in April, offers in June and July 2020 rose slightly higher on a year-over-year basis. Listings under contract continue to trend upward and continues to show stability. But at a much lower rate than inventory is growing.
We have 7 condo listings and 3 buyers in contract this month. With an amazing team and marketing strategy, we are able to attract the right buyers and create an overall image of our listings that showcases its best attributes. Buyers can walk into our listings and appreciate the overall aesthetics, making them fall in love and want to come back again! Most of our sales are the first condos to be sold in a whole building since the shelter in place was started in March.
We are able to deliver the best results for our clients through our team’s work ethic and dedication. For sellers, we have a strong design + marketing team that creates all assets in house. In addition, our concierge services and preferred vendors are proven to deliver great results! Learn how you can maximize your selling price using our Concierge Services for your home. Read on our blog here.
For buyers, we find great opportunities in this market for investors, first time home buyers and even retiring parents. We have a large network of sellers + agents. With our in depth market knowledge, we are able to negotiate you the best deal.
Recent Sales by Mia
MIRA 25F & MIRA Townhome – Buyer Rep!
OPEN HOUSE BY APPOINTMENT &
COVID COMPLIANT IN-PERSON TOURS AVAIL NOW FOR ALL LISTINGS!
One Mission Bay Penthouse | 1000 3rd St #1406
Offered at $1,749,000
2 Bedrooms / 2 Bathrooms / 1 Parking / 1275 Sq Ft Per Appraiser
Experience penthouse living in this gorgeous corner residence with stunning 180° Bay, Creek & Twin Peaks views at One Mission Bay. Superior features include 9′ ceilings in the entryway and a wall of expansive windows showcasing an open span living area with separate bedroom suites.
Exclusive waterfront park residence w 12 ft ceilings & private patio. One of only six units with 12 ft ceilings and direct access to Mission Creek Park!! Open concept floor plan creates optimal space for relaxing & dining while entertaining!
Luxurious LUMINA corner residence w private view balcony. Breathtaking sunrise, sunset + evening light shows of the shimmering Bay Bridge & downtown skyline!
250 King St #874 | Mission Bay
2 Bedrooms / 1.5 Baths / Approx. 1104 Sq Ft
Peaceful sights of the city and glistening pool below become your daily backdrop in this charming top floor home at Beacon!
250 King St #780 | Mission Bay
2 Bedrooms / 2 Bathrooms / Approx. 1142 Sq Ft
Renovated designer home at The Beacon with serene courtyard & downtown views! Highly desirable split layout with remodeled kitchen.
201 Folsom #39 | South Beach
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!
101 Lombard St #802W | Telegraph Hill
2 Bedrooms / 2 Bathrooms / Approx. 1532 Sq Ft
Exceptional Waterfront Living w/ Breathtaking Bay views from every room! Over $400K worth of upgrades included!
Coming Soon | 301 Main St #24D | South Beach
Furnished $6250 includes 1 Parking
2 Bedrooms / 2 Bathrooms / Approx. 1317 Sq Ft
501 Beale St #12G | South Beach
Furnished $4495 + $285 Parking
2 Bedrooms / 2 Bathrooms / Approx. 1037 Sq Ft
657 Ulloa St | West Portal
$4,899 Per Month
2 Bedrooms / 1 Bathrooms/ Approx. 1506 Sq Ft
2009 Pine St | Lower Pacific Heights
$5,995 Per Month – 1 MONTH FREE W COMMITMENT BEFORE SEP 1
4 Bedrooms / 2 Bathrooms / Approx. 1700 Sq Ft
2008B Lombard St | Marina
$3,999 Per Month
3 Bedrooms / 2 Bathrooms / Approx. 1343 Sq Ft
757 North Point St | Russian Hill
$5,500 Per Month
2 Bedrooms / 2 Bathrooms / Approx. 1519 Sq Ft
301 Mission St #27B | The East Cut
$7,500 Per Month
2 Bedrooms / 2.5 Bathrooms / Approx. 1652 Sq Ft
That gooey campfire treat composed of chocolate bars and toasted marshmallows sandwiched between two graham crackers!!
- Use 2 skewers – this gives you better control of the marshmallow placement and lowers the chances of dropping a marshmallow into the fire.
- Practice makes perfect. Keep making them until you are full and happy 🙂