5 Bedrooms | 3 Bathrooms | 2+ Parking $3,500,000 |
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Luxury Listing of the Month |
Nestled on an exceptional corner lot in Monterey Heights, timeless charm meets modern style in this
magnificent 1920s English Tudor Revival home. Gleaming hardwood floors, new interior paint, chic
light fixtures, and an abundance of windows
throughout. The foyer leads you to the formal dining
& spacious living room with a grand stone
fireplace and floor-to-ceiling windows. The recently remodeled kitchen with new stainless
steel appliances and quartz countertops is a
chef’s dream kitchen! Upper levels have 3 bedrooms, travertine stone
bathrooms, and an adjoining office retreat. Lower
levels include a guest bedroom, family room, yoga
room, storage area, bathroom w/ sauna, and an
attached 3-car garage with a new garage
door. On the border of St. Francis Wood and within walking
distance to shops and restaurants on West Portal
Avenue. 43 Muni stops within 1/2 block in each
direction. Easy access to HWY 280 & 101. Listed by Mark Martinho & Vivienne Kelvin at Vabrato |
by Patrick Carlisle, Market Analyst for Compass Bay
Area Across the Bay Area, markets have continued to slow
and cool. As illustrated in this report, dramatic changes in
demand, inventory, overbidding, price reductions,
and year-over-year appreciation rates have usually
occurred. Bring and selling continues: Over 5200
home sales were reported to MLS from Napa County
to Monterey in July 2022 – many of them selling
quickly for over asking price – but that number is
down 38% from last year. Median home price
appreciation rates in the Bay Area have seen steep
declines from those in 2021/early 2022 – and in
June/July, SF median prices were down year over
year. Changes vary in degree by location and
market segment, but the direction of the shifts is
near universal. This report will review year-over-year changes in
prices, and in supply and demand, reflecting the
significant adjustments from the heated (often
overheated) conditions recently the norm, but also
look at longer-term trends to provide greater
historical context. There is also a comparison of
home prices within the local market, as well as
across the Bay Area. As of early August, the average, weekly mortgage rate
for a 30-year fixed rate loan fell below 5% for
the first time since April, and stock markets have
seen large rebounds since early July – but these
and other indicators have been subject to sudden
and often dramatic volatility, and their future
directions can’t be taken for granted. Within this
report is a link to a review of many of the
macroeconomic factors at play. According
to some agents, buyer interest has begun to
rekindle with the decline in competition, increase
in inventory, and economic changes mentioned
above, but if this is part of a broader recovery
in demand, it has not yet shown up in the
statistics – which are lagging indicators of
what’s occurring on the ground right now. Monthly
data can be volatile, fluctuating according to a
wide variety of factors, including market
seasonality. Longer-term trends are more
meaningful than short-term fluctuations. Mid-late
summer is usually a much slower period compared to
the spring selling season. Autumn typically sees a
very substantial spike in new listings and sales
prior to the big mid-winter slowdown. *Our
reports are not intended to convince you regarding
a course of action or to predict the future, but
to provide, to the best of our ability,
straightforward information and good-faith
analysis to assist you in making your own informed
decisions. Statistics should be considered very
general indicators, and all numbers should be
considered approximate. How they apply to any
particular property is unknown without a specific
comparative market analysis. Click
the above image or here for
to view the entire report. |
| The Ambassador of the Great American Songbook is back home in San Francisco celebrating an evening of timeless music. Michael Feinstein, a five-time Grammy Award nominee, is Founder of the Great American Songbook Foundation and Artistic Director for the Center for the Performing Arts. When: Saturday, August 20th Doors: 7:00 pm | Show: 8:00 pm |
Taste of San Francisco Enjoy this exclusive event featuring food and beverages from the finest local SF restaurants and bars in an iconic location! Socialize with friends while you enjoy beverages and taste a variety of local cuisines under the iconic rotunda at the Palace of Fine Arts to the tune of a live jazz band. Tickets include access to an open bar and heavy hors d’oeuvres. VIP tickets gain access to the exclusive VIP lounge featuring champagne service and premium catering. When: Saturday, August 27th from 1-5pm Where: The Palace of Fine Arts | |
| Founded in 1938, Stern Grove Festival is San Francisco’s original free outdoor music festival! When: now through August 14th Where: Stern Grove |
A collection of augmented reality holograms and artwork by top-selling artists from this burgeoning
space. The experience uses the Microsoft HoloLens 2, a powerful mixed reality headset that allows you to
see your surroundings and fellow guests, while cool augmented art comes to life around you. Like a silent disco for holograms, guests will comfortably
share a common activation area but will each experience their own reality. When: now through August 31st Where: The Palace of Fine Arts | |
| Benchmark Mortgage Rates Plunges Back Under 5 Percent Despite the Fed’s recent rate hikes, the average rate for a benchmark 30-year mortgage had plunged from 5.81 to 4.99 percent over the past six weeks, including a 31 basis point (0.31 percentage point) drop over the past week alone, driven by an “increased risk of a formal recession and declining consumer confidence overall,” as we outlined last week and isn’t a positive sign despite some industry spin. |
| The price gap between renting and buying Bay Area homes
reaches new highWith Bay Area rent prices still below pre-pandemic levels and home prices hovering around all-time highs — despite a recent softening as mortgage interest rates rise — the gap between the cost of renting and the cost of owning a home in the region is the highest it’s been for at least the past two decades, data shows. |
There are plenty of tricks stagers use to transform a home. The biggest misconception is that staging is
similar to interior design. “The way you live in a home and the way you stage a home is completely different,” Cirelli said. “It’s all about spatial awareness and making the rooms look big.” | |
4 Bed | 5.5 Bath | 1 Parking $3,950,000 |
|
5 Bed | 3 Bath | 5 Parking $2,395,000 |
|
Alamo Square 1 Bed | 1 Bath | 1 Parking |
|
Featured
Sales – Seller Represented |
1688 Pine Street, Unit W809 | | | |
|
Featured
Sales – Buyer Represented |
Since
Compass launched in 2012, we’ve been simplifying the
real estate process one community at a time. Today,
we have more than 350+ offices extending from coast
to coast and a network of top real estate agents
ready to bring you your buyer. |
Please
let me know if you or a friend/colleague needs a
fantastic agent in an area other than San Francisco.
Through my network I can make the connections and
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©
Compass 2022 ¦ All Rights Reserved by Compass ¦
Made in NYC Compass
is a real estate broker licensed by the State of
California operating under multiple entities.
License Numbers 01991628, 1527235, 1527365,
1356742, 1443761, 1997075, 1935359, 1961027,
1842987, 1869607, 1866771, 1527205, 1079009,
1272467. All material presented herein is
intended for informational purposes only and is
compiled from sources deemed reliable but has
not been verified. Changes in price, condition,
sale or withdrawal may be made without notice.
No statement is made as to accuracy of any
description. All measurements and square footage
are approximate. Equal Housing Opportunity.
Photos may be virtually staged or digitally
enhanced and may not reflect actual property
conditions. |
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