November 2023 Market Report |

San Francisco – November 2023 Market Report

Dear Friends, 
Happy Autumn! I hope this finds you well and enjoying the beautiful sunny days we've been having.  
 
It's hard to generalize the state of the current real estate market.  Some properties just sit and others sell as soon as they are listed.  The difficulty in getting property insurance has been an obstacle for many transactions.  The higher interest rates reduce the affordability of properties which has a downward impact on prices.  That said, there are many all-cash buyers who are in the market as well.

In the past few weeks I have had 5 closings, all over the city and one in Daly City.  4 of the 5 were all cash.  The buyer profiles of the all-cash buyers varied:  Parents buying for their children (and children buying for their parents), young couples looking to expand their living space for their growing families.  Getting insurance was an issue, but not an insurmountable one.

Please click on the image or button below to access this month's full report.  There are also a few charts contained within this newsletter.  

I try not to inundate your inboxes, so I only send the reports once every few months.  But they do come out monthly.  If you ever want to see the current report, just go to www.sfcityhomes.com.  

As always, please call with real estate questions or just to say hi!  

Best,
Pota

Click here for full report

Pota’s listing corner

Sherwood Forest

80 Robinhood Drive
REPRESENTED BUYERS 

5 BD   4 BA   3160 SF   $3,400,000

North Panhandle

46 Ashbury Street

2 BD   2 BA   1499 SF   $1,595,000

North Panhandle

2092 Fell Street

2 BD   2 BA   1050 SF   $995,000

Central Richmond

255 17th Avenue
Represented buyers

4 BD   3 BA   2874 SF   $3,250,000

Pota Perimenis

DRE#: 01117624
M: 415.407.2595
pota.perimenis@compass.com

Statistics are generalities, essentially summaries of widely disparate data generated by dozens, hundreds or thousands of unique, individual sales occurring within different time periods. They are best seen not as precise measurements, but as broad, comparative indicators, with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, especially in smaller, expensive market segments. Last period data should be considered estimates that may change with late-reported data. Different analytics programs sometimes define statistics – such as "active listings," "days on market," and "months supply of inventory" – differently: what is most meaningful are not specific calculations but the trends they illustrate. Most listing and sales data derives from the local or regional multi-listing service (MLS) of the area specified in the analysis, but not all listings or sales are reported to MLS and these won't be reflected in the data. "Homes" signifies real-property, single-household housing units: houses, condos, co-ops, townhouses, duets and TICs (but not mobile homes), as applicable to each market. City/town names refer specifically to the named cities and towns, or their MLS areas, unless otherwise delineated. Multi­county metro areas will be specified as such. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate.

Many aspects of value cannot be adequately reflected in median and average statistics: curb appeal, age, condition, amenities, views, lot size, quality of outdoor space, "bonus" rooms, additional parking, quality of location within the neighborhood, and so on. How any of these statistics apply to any particular home is unknown without a specific comparative market analysis.

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Pota Perimenis

Pota Perimenis

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