May 2025 Newsletter

Market Update

Slow Summertime Confidence Returning

Entering May, the looming tariffs brought economic uncertainly... Yet, since then, we've seen relative stability in the stock market and a renewed confidence in our local real estate market, regardless of what's happening in Washington. In San Francisco, Single family homes are selling an average of 12% above asking. And, while condos are below peak prices (good for buyers), they are selling at higher prices than in 2023, (good for sellers!) We still have lower inventory than usual and high demand. So, if you see a property you love, don't wait - make a move! Or - consider a house-hack: buy a duplex with a friend. There are lots of ways to make things work. All the charts and nifty market data you're looking for are below, of course!

Cheers!

Lisa Z

P.S. It's summer & time for music festivals! I love live music - How about you? Last weekend, I had fun with a guest spot with my friend's band, Superbloom. I had a blast covering Blondie: Call Me - natch! If you haven't been to Music City on Bush St - Go! It's super fun. Check out my handy list at the end of great music happening in & around San Francisco this summer.

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

Average Sold Price

$1,693,499

$1,701,041 last month

San Francisco

List vs Sold Price

109.00%

unchanged from last month

San Francisco

New Listings

556

576 last month

San Francisco

Sold Listings

363

380 last month

San Francisco

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: it's excellent value on a $/sf basis; great rental income to offset mortgage expenses or consider buying with friends or family. Call / txt me at 415.948.5747 for more info.

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

Freddie Mac: Mortgage Rates Continue to Stay Under the 7% Threshold

This week, the 30-year fixed-rate mortgage rose slightly higher. Aspiring buyers should remember to shop around for the best mortgage rate, as they can potentially save thousands of dollars by getting multiple quotes. - May 29, 2025

source: Freddiemac.com

CURRENT ON MARKET - CLICK HERE !

The single-family home market remains a seller's market, with just 1.7 months' worth of supply on the market at this point in time. However, the condo market is a buyer’s market, as there is roughly 3.9 months' worth of supply ready to buy on the market right now!

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.

1029-1031 Jackson St

Designer Nob Hill Duplex

Offered as Entire Building or

Separate apartments

Asking $2,950,000

HUGE 3 & 4 Bedroom Units
Chef's kitchens, quartz countertops, Thermador Appliances
Ethernet throughout
Gorgeous Hardwood floors
Updated electrical & plumbing
Rooftop sunporch + Views!

JacksonDuplex.com

338 Scott Street

3BR 2BA Top Floor Condo

Listed at $1,495,000

Just 11 Days on Market

Multiple offers... in contract Significantly over Asking Price!

Updated Kitchen + Open Living Room
Hardwood floors
Shared Backyard
Garage Parking + Huge Storage!

1933-1935

ELLIS STREET

2 Units

Perfect Owner-User Opportunity!

Listed at $1,895,000

Just 18 Days on Market!

5 Bedrooms, 2Bathrooms
Huge Private backyard
Kitchens open directly to deck
2 car tandem parking
Large Garage, Storage & More!

Ellisduplex.com

Interested in learning more about a 1031 Exchange? It's how real estate investors postpone paying capital gains taxes until far in the future. Smart. I like it. Ask me how!