We’ve officially hit FALL! I find joy lighting my favorite candle, making homemade soup for dinner and cuddling up with a super soft throw blanket! What are some of your favorite fall activities that make you thankful?
I am very excited to announce, our team was ranked amongst 5,400 Keller Williams Agents in Northern California & Hawaii, and announced as the #5 Top Team for Closed Volume in September! Thank you to all our amazing clients, rockstar team and vendors for your continuous support!! We are truly grateful! ❤️
In this months newsletter:
- 2020 Mid Year Condo Report is LIVE on our website (Link Below!) – Email us to receive a copy of our 2020 Year End Report in January w market trends from the full year with 16 Buildings featured!!
- San Francisco Market Update – Home Sales BOOM + the market has yet to slow down for the holidays.
- Recent Sold by Mia Takami Real Estate – 5 PENDING!
- Exclusive Listings – NEW & EXCITING Listings + newly staged photos!
- About Mia & Team – Team Spotlight on our Operations Manager, Taylor!
The home buying boom continues, despite seasonality. The National Association of Realtors, reported that homes sold faster in October than September for the first time in 9 years as low interest rates drove pent up buyer demand from the beginning of the year. We expect that Q4 will be more active than past years. The market has not yet slowed down for the holidays. We are currently doing about 10-14 showings per week among all of our listings, and just put 2 into contract this week!
San Francisco continued to experience strong buyer demand in October for both single family homes and condo/loft/TIC’s, but not at the same level as September. These buyers had very different pricing appetites with single family home buyers offering strong above list-price numbers and condo buyers offering below-list-price numbers. The year-on-year sales price levels reflect this, with single family homes up 3.1% while condos dropped 8.2%. Inventory continues to grow faster than sales, and we are seeing that condos make up apprx 80% of the price reductions in the San Francisco. The number of Condo, co-op and TIC listings on the MLS are at their highest point ever, apprx. 85% higher compared to last year.
The market for Single Family Homes is HOT and interest rates are still LOW! Are you considering buying and curious what the home buying process looks like? Read it on our website here.
With the election behind us, it is likely that buyers and sellers who may have paused in October will re-engage with the market. This is especially true given the incredibly low interest rates that make buying now affordable for so many. On the selling side, passage of Proposition 19 will bring more long-time owners over 55 to the market with their new property tax portability.
Unless the economy or interest rates changes significantly, expect buyer demand to remain strong and single family prices to remain high throughout the remainder of 2020 and into first quarter 2021. However, it is likely to take widespread use of a vaccine to change the sales price downward trajectory with condos.
Are you considering buying, selling or investing in real estate inside OR outside of San Francisco? We are here to help! We have a wide network of top agents in all surrounding areas and states. Please reach out for a personalized consultation at email@example.com, 415.729.2596.
Napa, Solano County, Santa Clara County, Marin, San Mateo Market Reports available upon request.
IN CONTRACT | 250 King St #630
Offered at $1,399,000 (In Contract in 7 Days!)
2 Bedrooms / 2 Bathrooms / 1 Den / Approx. 1415 SF Per HOA
NEW STAGED PHOTOS:
Spectacular corner home with floor to ceiling windows showcasing Bay Bridge & city views! Perfect for the urban explorer seeking an exclusive luxury lifestyle with thoughtful upgrades throughout. See full list of upgrades here.
290 Holyoke | Portola
3 Bedrooms / 2.5 Baths / Approx. 1652 SF
Mid Century Corner Single Family Home w Downtown Views!
932 Edy Lane | Oakland
Buyer Represented at $734,990
2 Bedrooms / 2 Baths
New Construction – Ice House’s solar-powered townhomes showcase modern exteriors & innovative designs!
2755 79th Ave | Oakland
Buyer Represented at $530,000
2 Bedrooms / 1 Bath / Approx. 1010 SF
Sophisticated bungalow w chic upgrades throughout in Eastmont neighborhood!
SHOWING BY APPOINTMENT
COVID COMPLIANT IN-PERSON TOURS AVAIL NOW FOR ALL LISTINGS!
Coming Soon | 300 3rd St
Will Show and Sell Off-market! Museum Parc 1BR home with garden patio. Situated in the heart of Yerba Buena, world-class dining, shopping, entertainment and cultural amenities are all at your doorstep! Inquire for more info.
Just Listed | 207 King St #405
Offered at $799,000
1 Bedroom / 1 Bathroom / Outdoor Terrace / Approx. 684 SF
Will Show and Sell Off-market! Airy & bright GLASSWORKS residence w ultra-high ceilings and large private outdoor terrace! This tranquil home overlooking the interior garden features stylish upgrades, expansive floor to ceiling windows, beautiful hardwood flooring and recessed lighting
Just Listed | 260 King St #917
Offered at $645,000
Jr 1 Bedroom/ 1 Bathroom / Approx. 722 SF Per Condo Map
Photos, Floor Plan, More Info:
Charming Jr 1BR at The Beacon w truly spectacular walls of windows showcasing amazing downtown skyline + Twin Peaks views! The expansive living space has shelving in front of the windows creating an airy feel with the opportunity to add decor or storage. An open walled shelf provides practical and creative living, effortlessly dividing the room with a separated bedroom alcove.
Just Listed | 255 Berry St #107
Offered at $1,750,000
4 Enclosed Bedrooms (2 Bedroom Suites, Bedroom/Den, Office) /
Private Balcony / 3 Bathrooms / Approx. 1707 SF
NEW STAGED PHOTOS:
Magnificent 2 level townhome on Mission Creek! The generous living space opens to a private balcony on a quiet pathway where you can admire water views & beyond!
110 Channel #104 | Mission Bay
2 Bedrooms / 2 Bathrooms / Approx 1030 SF
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!!
2 Bedrooms / 2 Bathrooms / Approx. 1275 SF
201 Folsom #39 | South Beach
4 Bedrooms / 3 Bathrooms / Approx. 2692 SF
Signature corner sky residence with Panoramic Bay Bridge, Bay, Downtown City Skyline views with private balcony at LUMINA!
333 1st St #N202 | South Beach
1 Bedroom / 1 Bathroom / Approx. 758 SF
Bright and spacious waterfront living at the desirable Metropolitan! Assigned parking & storage, AC, WD, low HOA/full amenity w doorman!
250 King St #780 | Mission Bay
2 Bedrooms / 2 Bathrooms / Approx. 1142 SF
Renovated designer home at The Beacon with serene courtyard & downtown views! Highly desirable split layout with remodeled kitchen.
Taylor Rees – Operations Manager
Originally from Arizona, Taylor is an experienced professional who has a passion for community. Her background in Operations, Project Management and Community Building have been a strong asset to our team.
Taylor volunteers with SF City Impact, a non-profit in the Tenderloin District that serves the immediate needs of the community in areas of Poverty, Hunger, Urban Children + Community Outreach. Over 3k kids live in the the 1 square mile of the Tenderloin neighborhood where they witness frequent drug use, violent crime and unsafe situations. Taylor is a mentor to kids in the Tenderloin to provide life giving relationships and opportunities to overcome these challenges, have fun and grow in their faith.