April showers bring May flowers, and this April also brings us Easter, Passover and Ramadan celebrated simultaneously for the 1st time in 33 years! Even with the pandemic lingering, we were able to host a Passover Seder with family and friends for the 1st time in years. We hope you could celebrate these wonderful holidays safely and meaningfully with your loved ones. With the 3 great western religions concurrently celebrating major holidays, we hope it inspires renewal, health, and peace for all during this time and beyond.
As for the Spring real estate market in San Francisco, it usually begins to rain inventory, but much like our weather patterns, inventory levels have been tepid as available properties for sale were down 17.5% in March compared to the same time last year. With the Fed beginning to raise interest rates, some buyers have been spooked, others reformulating budgets–but many do not seem to be rattled as overbidding continues to be the norm. Going forward, inflation and interest rates are among the most significant indicators to watch for the housing market and the economy in general.
If you are thinking about selling, now is an excellent time to take advantage of the low inventory. If you are thinking about buying, real estate is an excellent investment against inflation and a good time to get in now while rates are still historically low. While we sadly cannot predict the future, San Francisco real estate has historically been an excellent long-term investment, so if you are ready to buy, or sell and cash out, there are great opportunities!
Check out our recap of the San Francisco market performance below, along with a recap of some of our recent sales, upcoming listings, and a recent success story! Don’t miss fun things to do in the Bay Area, and April is national BRUNCH month, so don’t miss 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 that can help you, your friends, and 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. Please stay safe and healthy!
Inventory Levels remain low – generally, anything under a 2.5 to 3 month supply of inventory is considered a “seller’s market”
Overbidding continues in both condos and homes but is significantly higher in home sales
“Mortgage rates move upward…home purchase demand has weakened (nationally) modestly” -Freddie Mac
Where others can’t Sell, WE can!
📍137 Castro Street – Received 10 Offers and Sold for $301K Over Asking after 10 days on the Market!
This property was originally listed with another realtor and after no luck, the sellers were referred to us by a friend! Our team recommended strategic upgrades that led to phenomenal results. We brought in an expert group of vetted vendors and managed the whole process from start to finish – getting the property ready to hit the market! We even helped guide and troubleshoot some unforeseen bumps in the road.
Grateful for happy clients and a successful sale!
(below learn about our client’s experience)
If you are thinking about selling your home and need some advice on strategic upgrades, we can help!
If you tried to keep track of every brand new restaurant in San Francisco, your head might spin. So just read this list instead. WE can’t wait for our next team dinner to start working our way through!
Come out and enjoy a movie (or five!) under the stars in the Hayes Valley every Friday night in April. Presented by HERE FOR NOW, these FREE, Friday evening film screenings at the PROXY Walk-In Theater begin at dusk [7:30-8pm] with ‘doors’ opening at 6:00 pm. Come early to claim a good spot, enjoy a frosty Fort Point Beer (all proceeds support outdoor cinema at PROXY!) and delicious fare from the Al Carajo, Coolinaria, and Mozzeria food trucks.
We heard that April was national brunch month and we are SOOOO on board! So in between our busy open house schedule, you might just catch us at a few of our favorite spots! Try some and let us know what you think!
A southern culinary tradition, Brenda’s Meat & Three offers a classic experience for lunch and dinner as well as a famous breakfast and brunch menu. Don’t miss the biscuits or beignets! Team Tip; Order; the beignet flight and don’t miss grandma’s coffee!