1515 Union Street, Unit 6E 3 Bedrooms | 2.5 Bathrooms $5,500,000 Luxury Listing of the Month |
Listed by agents Edie A Narrido and Garrett R Frakes with Polaris Pacific Drawing inspiration from an earlier era, Handel Architects combines grand architecture with sophisticated interiors. Each expansive residence at Union House marries classic details, modern styling, and finishes of the finest quality, resulting in a collection of rare and generously proportioned residences. The 41 distinctive and extraordinary homes are offered in 1-bedroom, 2-bedroom, and 3-bedroom floor plans, multi-level Townhouses, and Penthouses with private roof terraces. Every home features oversized picture frame windows, high ceilings, and European wide-plank oak flooring throughout, creating environments that are meticulously refined and equally timeless. It is an ideal convergence of San Francisco’s most coveted neighborhoods: Pacific Heights, Russian Hill, Cow Hollow, and the Marina. |
by Patrick Carlisle, Market Analyst for Compass Bay Area Moving into Spring, Markets Remain Very Heated
So far in 2022, Bay Area real estate markets appear largely unfazed by higher interest rates, volatility in financial markets, and troubling international events. The prevailing dynamic remains one of strong buyer demand competing for an inadequate inventory of listings for sale: Crowded open houses, multiple offers, fierce overbidding, and fast sales remain common. That is not to say there haven’t been buyers negatively impacted by higher loan rates and/or recent declines in stock portfolios; and some buyers and sellers have become more hesitant or paused their plans, awaiting more clarity amid recent developments. But not enough to move the needle on the fundamentally high-demand/low-supply conditions which dominated 2021. As typical at the start of the year, the number of new listings coming on the market and the number of listings going into contract continue to rise. These normally climb rapidly through spring, characteristically the biggest selling season of the year. (Autumn is also a bug selling season, but significantly shorter.) This report will review a number of standard indicators, as well as home values, interest rates, factors that can affect real estate markets, and now much market cycles have broadly played out over the last 4 decades. March and April data will soon provide further indications of the market’s direction in 2022. Click the above image or here for to view the entire report. |
| BAY LIGHTS MIXER: MARCH MAD.NESS/FAB.NESS
Please join us this Friday 3/11/22 for our monthly Bay Lights Mixers: Art, Music and More, where art and community come together on The Embarcadero waterfront. Experience four floors of art happenings, live musicians and performances. |
| ART EXHIBIT ANDY GOLDSWORTHY: FIREHOUSE Haines Gallery is thrilled to present Firehouse, a solo exhibition by Andy Goldsworthy inaugurating the gallery’s new location at Fort Mason Center for Arts & Culture (FMCAC), on view from March 12 through May 28, 2022. This site-responsive show celebrates 30 years of collaboration between the artist and gallerist Cheryl Haines, and is Goldsworthy’s first exhibition in San Francisco since 2017. |
Where to Have a Beach Bonfire in the Bay Area Spring and summer nights are for bonfires on the beach with some of our favorite stretches of local sand opening for burn season in March, April, and May. J ust make sure to check that it’s not a Spare the Air day, and visit park sites for updated regulations, available dates, and group permits. Don’t forget the s’mores! | |
| Benchmark Mortgage Rate Dips with a Flight to Safety in Play Having slipped 3 basis points (0.03 percentage points) last week, the average rate for a benchmark 30-year mortgage has since pulled back another 13 basis points to 3.76 percent with the Fed’s expected quarter point hike having been priced in and a flight to safety over the past week driving up the price of bonds. |
Rate Hikes Will Hit Borrowing Quickly, Boost Savings Slowly. Here’s What to Do. Borrowers are likely to see interest rates go up on credit cards, personal loans, home-equity lines of credit, private student loans and other debt later this month if the central bank raises short-term interest rates as expected. But savers shouldn’t expect to see higher interest rates for savings accounts or certificates of deposit right away. | |
Featured Sales – Seller Represented |
1688 Pine Street, Unit W809 | | | |
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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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