Luxury Listing of the Month
Whimsically set within the highly desirable tree-lined block of Cow Hollow adjacent to San Francisco’s world-renowned Presidio National Park, this gorgeous Beaux-Arts Style architectural gem enjoys sweeping views of the Bay, Alcatraz, Angel Island and the Gold Coast.
Breathtaking formal entertaining rooms flow seamlessly with fun casual areas, while terraces and a beautifully landscaped gardens provide a wonderful Californian indoor/outdoor lifestyle.
Close to the popular shopping, dining and entertainment attractions of Union, Fillmore and Chestnut Streets- as well as the natural hiking and boating attractions of one of the world’s most beautiful parks and yacht harbors- this legacy estate is perfect for enjoying a sophisticated and comfortable urban lifestyle in the heart of one of the City’s most desirable and vibrant historical residential neighborhoods.
Joel Goodrich at Coldwell Banker Realty
by Patrick Carlisle, Market Analyst for Compass Bay Area
In early August, we mentioned agents reporting that buyer activity – renewed interest in getting back into the market, visits to open houses, and so on – was picking up due to a number of issues: Price reductions, less coipition, the drop in interest rates, and the dramatic recovery in stock markets. And a small rebound in SF sales did show up in August data – sales usually tick down in August from July – though volume was still well below last year.
Across the Bay Area, year-over-year, home-price appreciation rates and overbidding statistics have continued to drop, and days-on-market to climb. In August, the number of new listings coming on the market was lower year over year, and the number of active listings for sale declined, though still significantly higher than last year. There is usually a dramatic jump in new listing activity after Labor Day: In fact, September is typically the single month with the highest number of new listings, which then fuels autumn sales.
As of early September, interest rates have increased again and stock markets declined once more: They continue to see substantial sort-term volatility and it remains difficult to confidently predict their future movements and effects on real estate markets. The next major indicator of buyer and seller psychology and market dynamics will be what occurs during the next 2 months of autumn selling season, prior to the mid-November to mid-January holiday slowdown, typically the slowest market of the year.
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 wi though a specific comparative market analysis.
BAZ LUHRMANN’S REVOLUTIONARY FILM COMES TO LIFE –
is the winner of 10 Tony Awards® — including Best Musical!
Head over to the Orpheum Theater for one of several performances of this award winning musical. It’s the story of an aspiring writer new to Paris with dreams to write for Moulin Rouge. He meets many famous people and quickly falls in love with someone that is already in love with the person that finances the Moulin Rouge shows. How will it all work out for him? Find out this September in San Francisco!
When: September 8th-November 6th
Where: the Orpheum Theater
Experience a global art and culture odyssey at our next Bay Lights Mixer: Art Inspired by Travel. Come enjoy a performance by Xiaopei Chinese Dance, a wine tasting from the Republic of Georgia, textile art from Finland, and see art representing destinations from all over the world. Checkout the Club’s 2 new exhibitions, Art Inspired by Travel featuring visual artists Zdenka Bleile, Mague Calanche, Ebuka Okoli, Dennis Hearne and Pacific Rim Sculpture works.
When: September 30th
Where: The Commonwealth Club of California, San Francisco
Kick off the new season in style! Music Director Esa-Pekka Salonen leads the San Francisco Symphony and Chorus in an imaginatively entertaining presentation of Felix Mendelssohn’s jovial music to A Midsummer Night’s Dream, featuring African-American Shakespeare Company actors and surprise guest stars. Opening Night includes pre-concert libations, a spirited performance, and post-concert festivities.
When: September 23rd
Where: Davies Symphony Hall
Once a year, local comedians say “thank you” to the community by hosting a free afternoon of comedy in Golden Gate Park. The event features more than 40 comedians from the San Francisco Bay Area and beyond.
When: September 18th
Where: Robin Williams Meadow in Golden Gate Park
In The News
The average rate for a benchmark 30-year mortgage ticked up another 11 basis points (0.11 percentage points) over the past week to 5.66 percent, an average rate which is now 97 percent higher than at the same time last year and 114 percent higher than last year’s all-time low of 2.65 percent.
“These data indicate an economy that is still growing, but perhaps at an inflection point”
The Bay Area housing market is notoriously unaffordable, with homes often selling for way over their asking prices. Even with interest rates rising and the market showing signs of cooling, the median home price in San Francisco was nearly $1.5 million in July 2022, according to Redfin.
Mark Zandi, the chief economist at the venerated firm Moody’s Analytics, told Fortune in a report published Wednesday that the San Francisco Bay Area housing market is overpriced, albeit not to the degree of rapidly growing housing markets elsewhere in the country.
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