February 2022

 

1266 Washington Street

5 Bedrooms | 5 Bathrooms

$15,000,000

 

Luxury Listing of the Month
Listed by agent Franck Costa with Vanguard Properties

An address such as this rarely comes to market in Nob Hill. When it does, it’s here and then gone – possibly for generations, because this is iconic San Francisco real estate unlike any other.

The Boggs-Shenson House is a hidden gem, a luxury oasis on the National Trust for Historic Preservation. This brown-shingled home sits on a quarter of an acre double lot atop a hill. As one of only a few single-family homes in Nob Hill, the estate boasts five bedrooms, and five bathrooms across four stories, with every detail considered, including three outdoor living spaces, a 634-bottle walk-in wine cellar and 42 gas fireplace set in architectural stone.

The views are nothing short of spectacular, including the Golden Gate & Bay Bridges, Coit Tower, Transamerica Pyramid, the City skyline, the Bay and Grace Cathedral.

This house speaks to discerning individuals who seek to build their very own legacy in the heart of Nob Hill.

-Geneva

Market Reports

by Patrick Carlisle, Market Analyst for Compass 

Bay Area

February 2022

2022 Begins with Mixed Economic Indicators

2021 was one of the most frenzied real estate markets ever, with buyer demand far exceeding the supply o listings available to buy – and all the usual indicators, including home price appreciation trends, reflected this severe imbalance. As is the normal seasonal trend, listing and doffer activity dropped substantially mid-November through early January, resulting in very low sales volume in the year’s first month.

Click the above image or here for to view the entire February report.

Local Events
San Francisco Balet

The 2022 Season marks the farewell of our Artistic Director and Principal Choreographer Helgi Tomasson, closing a seminal era for San Francisco Ballet. It is a celebration of Helgi’s trailblazing, intrepid artistic vision that shaped San Francisco Ballet over the last 37 years into one of the leading, world-renowned ballet companies today.

2022 Hearts in San Francisco

Meet our 2022 Hearts in San Francisco artists! These 20 talented individuals donated their time and talent to raise critical funds for ZSFG.

See them on display at the San Francisco Ferry Building from February 2nd – February 28th, 2022.

Honoring Black History Month

Places to visit and support

African American Art & Culture Complex

A space for Black creatives and communities to learn, gather, and present, while being a place for all to experience the brilliance of Black art and culture.

Datebook’s Black History Month 2022:

Events, performances and more ways to celebrate in the Bay Area

In The News
Benchmark Mortgage Rate Just Jumped to a 2-Year High

The average rate for a benchmark 30-year mortgage jumped 14 basis points (0.14 percentage points) over the past week to 3.69 percent, which is nearly a full percentage point (96 basis points) higher than at the same time last year and the highest average rate since January 2, 2020.

Inflation hits 40-year high – what does that mean for mortgage rates?

Freddie Mac reveals updated US mortgage rates. The average 30-year US mortgage rate edged up on Thursday after a three-week hiatus as inflation soared to its highest level in four decades last month.

SF’s top 3 overbids all happened in one ZIP code2021 was a year of bitter bidding wars in the U.S., and the competition was even more intense in San Francisco, where a stunning 72.9% of homes sold above listing price. The top three overbid properties of last year all share two surprising thing in common: Each of these sales almost doubled the original asking price of the listing, and they are all in the same neighborhood.
There are more than 40,000 vacant homes in San Francisco, report says

An estimated 40,458 homes and condos are sitting vacant in San Francisco, and that number could potentially go down if the city were to introduce a vacancy tax that would fine homeowners who leave their properties empty, a new report released Monday by the city’s budget and legislative analyst said.

Team News
Just Sold

15 Cityview Way

2 Bed | 2 Bath

$2,100,000

Midtown Terrace

Seller Represented. Sold Off Market.

 

Featured Sales – Seller Represented

1688 Pine Street, Unit W809

Van Ness-Civic Center

3 Bed | 3 Bath

414 12th Avenue

Inner Richmond

3 Bed | 3.5 Bath

26 Crescent Avenue

Bernal Heights

5 Bed | 5 Bath

281 Molimo Drive

Miraloma Park

3 Bed | 3.5 Bath

Featured Sales – Buyer Represented

60 Cerritos Avenue

Ingleside Terrace

4 Bed | 3 Bath

50 Northwood Drive

Westwood Park

5 Bed | 2.5 Bath

218 Justin Drive

Bernal Heights

4 Bed | 4 Bath

971 Elizabeth Street

Noe Valley

3 Bed | 3 Bath

I am here for YOU
A Nationwide Network
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.
Stay Connected
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 introductions and help to find a perfect fit. If you like what you have received, I encourage you to share it with your friends and follow me on Facebook & Instagram.
   
Geneva Bumb Shanti

DRE#: #02048902
M: 415.377.2847
geneva.shanti@compass.com

Skip to content