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.