January 2025 Newsletter

Market Update

We're off into the New Year! The market is picking up quickly: We saw about a 20% increase in active listings from last week. I'm an optimistic person by nature, so I'm feeling good about 2025. It's true, we've started with horrible, nearly unimaginable wildfires in LA, and we're facing national uncertainties with a new administration. But still, I'm grateful to be here: On Jan 1st, I had a bike accident, flew over my handlebars, and landed on a car waiting at a stoplight.

It could have been SO much worse. My helmet thankfully did its job, and the fine folks at SF General patched me up. I've got a new helmet, some stitches, and a black eye, but overall I'm OK and filled with gratitude. (Just remember to please wear your helmet, even for a short trip.)

Cheers!

Lisa Z

P.S. All the charts and nifty market data you're looking for are below, of course!

The data below pulls from the SF Multiple Listing Service and is updated Monthly:

Average Sale Price

$1,433,810

$1,624,445 last month

List vs Sold Price

104%

105% last month

New Listings

139

261 last month

Sold Listings

325

469 last month

I added this Listing Snapshot because I find it so interesting, and thought you might, too. Buyers considering a Condo/ TIC may want to consider a Duplex: check out the value on a $/sf basis; great rental income to offset mortgage expenses or think about buying with friends!

Source: SFAR MLS. Data deemed reliable but is not guaranteed.

Mortgage Rates Surpass Seven Percent January 16, 2024

Mortgage rates ticked up for the fifth consecutive week and crossed seven percent for the first time since May of 2024. The underlying strength of the economy is contributing to this increase in rates. Despite rising rates, Freddie Mac research highlights that consumers can save money if they shop for several different lender quotes. When mortgage rates start to fall, be ready to take advantage. Our advice: don't wait to buy: as rates go down, competition will heat up. Get in now, & refi later.

source: investopedia.com

CURRENTLY ON MARKET - CLICK HERE!

Since August 2022, the median single-family home and condo prices have hovered around $1.6 million and $1.1 million, respectively. In December, prices were almost exactly in line with those averages. Year over year, the median price was up 5% for single-family homes, but down 1% for condos. Inventory is once again at a record low, so rising supply only increases prices as buyers are better able to find the best match.

ALL THE DATA - CLICK HERE!

Thinking about your next move or investment? I work with both buyers and sellers, for residential homes and investment property. I'm always available to answer questions, or provide updated market data, give me a call! 415.948.5747.

241-243 Scott Street

Fully Renovated TIC's

On Market in February!

Two units, each with 1 car parking!

2-3 Bedrooms (flexible layout)
2 Full Bathrooms
Thermador appliances
In-Unit Laundry
Hardwood floors
Updated electrical & plumbing
HUGE Garage & Storage
Sweet Backyard

PERFECT for partners, friends, or multi-generational family living

Join us Feb 6th for a special event:

Live Near Friends

Learn how to Buy ^this^ building together!

(click here)

1029-1031 jackson

Fully Renovated TIC's

On Market in February!

Two units, walking distance to FiDi, North Beach & Nob Hill

HUGE 3 & 4 Bedroom Units
2 -3 Full Bathrooms
Brand new Kitchens
In-Unit Laundry
Hardwood floors
Updated electrical & plumbing
Roof Access + Views!

PERFECT for partners, friends, or multi-generational family living

Interested in learning more about a 1031 Exchange? It's how real estate investors trade up from one property to another, while mitigating tax exposure. Smart. I love it. Ask me how!