June 2024 Market Report |

San Francisco – June 2024 Market Report

Dear Friends, 

Hello and Happy Solstice!  
I hope you are having a fun and relaxing summer thus far.  

Despite the low inventory, the spring season was quite busy, especially for single family homes.  

I experienced the market from both sides, representing buyers and sellers. It can be challenging to be a buyer in this market with multiple offer situations being very common.  One property in Forest Hill Extension received 27 offers.  Another in Noe Valley sold for $1 million over the asking price!  Inventory is limited, so it’s common for buyers who really want a home to offer much more for homes than the recent sales of similar properties may indicate.

On the listing side, my last listing received 10 offers and will sell for more than $500,000 over the asking price. Tomorrow I will look at offers on a fixer Victorian that I have listed in Noe Valley (which has essentially been in the same family since it was built).  I’ll let you know how it goes in my next newsletter : )

As always, feel free to give me a call for all things real estate or just to say hi!

Cheers,
Pota

Pota’s listing corner

Sunnyside

378 Mangels Avenue

3 BD   1 BA   1071 SF   $1,149,000

3 BR on one level! This charming and inviting mid-century home nestled in the coveted Sunnyside neighborhood is the perfect blend of comfort, convenience, and style.Step inside to discover an inviting living room infused with abundant natural light and southern views, adjoining dining area, updated kitchen and bath, hardwood floors, large garage with plenty of storage, front and rear yards. Upgrades include: freshly painted inside and out, dual pane windows, and recently re-done electrical wiring.The chef-inspired kitchen features stainless steel appliances and ample cabinetry. The convenient location enjoys proximity to an array of amenities. Sunnyside Playground and Glen Park are nearby for leisure and outdoor enjoyment. At Glen Park Village, enjoy easy access to shops and restaurants. Fulfill daily needs effortlessly with Safeway and various stores and restaurants along Monterey Blvd just moments away. Commuting is a breeze with nearby public transit including Glen Park Bart and MUNI lines. Proximity to highways further enhances accessibility to the wider Bay Area.

North Panhandle

1735 McAllister Street

2 BD   1 BA   1350 SF   $1,650,000

On the market for the first time in almost 50 years, this enchanting home, located in sought-after NOPA, exudes a timeless elegance with its picturesque Victorian exterior paired with the convenience of urban living. The remodeled interior features high ceilings, ornate mouldings, and hardwood floors throughout. The spacious living room and dining room provide the perfect setting for gatherings and entertaining, while the remodeled kitchen w/alder cabinets offers both style and functionality. Enjoy leisurely mornings in the cozy breakfast nook tucked behind the kitchen. Step out onto the walk-out deck and soak in the sunshine while you relax and unwind in the tranquility of the beautifully landscaped southern garden, adorned with a vibrant array of flowers and shrubs.Two comfortable, well-appointed bedrooms, a remodeled bath, and in-unit laundry complete this level. Large garage with storage, and much more. With pride of ownership evident throughout, this home has been lovingly maintained and cared for. An array of amenities, including the bustling Divisadero corridor, the lush greenery of the Panhandle, and the vibrant local farmer’s market are close by. Easy access to public transportation and shuttles.

Eureka Valley-Dolores Heights

674 Noe Street

3 BD   1 BA   1755 SF   $1,600,000

On the edge of the Castro and Noe Valley, this untouched Victorian home is calling out with opportunity. First time on the market in nearly 70 years, now is the chance to make it your own. With an abundance of original detail, the main level showcases high ceilings including one bedroom, the living room, formal dining room, kitchen, laundry area and extra sunroom. The upper level has two rooms, one having a beautiful view of Eureka Valley, as well as the full bathroom. There is one car parking in the garage along with expansive extra space for storage or build out as part of a renovation. Just a few blocks from Market St. MUNI, commuter shuttles and all the restaurants/shops the neighborhood has to offer. 98 Walk Score.

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

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