5 Bedrooms | 7 Bathrooms | 2 Parking
Luxury Listing of the Month
Listed by agent
Recently completed and masterfully executed with the finest materials, this 5 Bed, 8 bath home is luxurious.
This contemporary home has a rare and large yard and walls of glass that provide endless views of the Golden Gate Bridge, Twin Peaks and the City from the living room, dining room and kitchen. The seamless indoor-outdoor flow to an expansive front and back yards.
The double entry leads into the main living areas with a book-matched marble fireplace, a chef-grade kitchen with Miele appliances, double refrigeration wall, marble countertop/backsplash, and seamless cabinetry.
The primary suite is appointed with dual spa-grade bathroom, large walk-in closet, 4 additional luxurious ensuite bedrooms, expansive family room, a study/bonus room, built in custom office, radiant heat, tall ceiling, and laundry rooms on each floor.
The entire house is hard wired for ethernet and cable, Wi-Fi, audio/video and security system, solar panels, designer light fixtures, and much more!
– Francis, Geneva, Gerardo and Amy
by Patrick Carlisle, Market Analyst for Compass Bay Area
Clear Indications of Cooling Market Dynamics
Sales are declining, and the numbers of active listings and price reductions are increasing. But the homes that are selling are still, on average, selling quickly for well over asking: Median sales prices and year-over-year appreciation rates remain high. When an overheated market cools, the change is typically gradual (absent a disaster event), and does not mean the market is weak by any normal standard. As an analogy, if traffic is going 100 miles per hour and drops to 65, it feels a lot slower, but cannot reasonably be described as slow. People will continue to have excellent personal and financial reasons to buy and sell homes.
As of late spring, across the Bay Area, less expensive home sales have been considerably impacted by rising interest rates – and this certainly occurred in San Francisco, particularly in the condo market. Sales of higher-price homes (mostly houses) have held up much better, but cooling demand is beginning to show up in pending-sale data. (Affluent buyers tend to be more affected by financial markets, which became very volatile in May.) Market changes are often uneven in the early months of a transition, with one home selling in days at well over list price, while next door, the seller has to reduce their price to get an offer. As markets cool, buyers become more discriminating; negative conditions previously ignored are noticed; more negotiation occurs; multiple offers and overbidding decline. Listings that are well prepared, show well, and priced right will have an increasing advantage.
The homes that are not selling quickly won’t affect overbid and days-on-market statistics until future months. The high appreciation rates of the last 2 years will almost certainly start to decline (which is not the same thing as an imminent decline in prices). After peaking in spring, activity in San Francisco typically slows through summer. Autumn usually sees another big, short spike in activity prior to the mid-winter slowdown. There are common seasonal dynamics, though other factors can come into play.
This report will look at recent, year-over-year changes in inventory and demand, while also reviewing longer-term trends for more context.
Click the above image or here for to view the entire report.
IT’S TIME TO BELIEVE
IN MAGIC AGAIN
There’s more magic in every moment at Harry Potter and the Cursed Child, the most awarded new play in history and “one of the most defining pop culture events of the decade” (Forbes). And now, the 8th Harry Potter story is live on stage eight times a week.
We are excited to announce Summer at SFJAZZ 2022, featuring over 100 concerts across both the 39th Annual San Francisco Jazz Festival (Jun 8-19), and SFJAZZ Summer Sessions 2022 (Jul 7-Aug 14). Tickets are now on sale!
The Festival is hosted by the North Beach Business Association and all proceeds from the festival are granted to local community organizations helping those most in need. Supported programs include free meals, after-school activities, job training, temporary housing, etc.
Saturday, June 18, 2022 – 10:00 AM to 6:00 PM
Sunday, June 19, 2022 – 10:00 AM to 6:00 PM
The Festival is held on Columbus and Grant Avenues, and on numerous adjacent streets in San Francisco’s historic North Beach.
GET HAPPY: A JUDY GARLAND CENTENNIAL CELEBRATION
Breathtaking Broadway talent with full symphony orchestra commemorates Judy Garland’s most precious life moments projected live-to-screen. Broadway star Jessica Vosk brings Garland’s legendary songbook to life, accompanied by rare performance footage, intimate home movies, and cherished photographs and interviews.
US housing market crash coming?
The fall in home sales as buyers are put off by soaring house prices is not a sign of an impending market bubble or crash, according to Lending Tree economist, Jacob Channel.
Snellgrove wants to create a family-friendly “waterfront playground” with a mix of boating, recreation, maritime businesses, food, with a financial engine of office space. Three brick-and-mortar restaurants, with seating overlooking the bay, would occupy a portion of Pier 38.
1 Bed | 1 Bath | 1 Parking
631 Folsom Street, Unit 16E
2 Bedrooms | 2 Bathrooms | 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.
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