SAN FRANCISCO JULY 2024
CRISTIAN ISBRANDSTEN SALES ASSOCIATE
c. 415.535.9850
e. cristian@aw-sf.com
Happy Summer everyone! Welcome to our July 2024 San Francisco Market Report.
The housing market continued to heat up in June as more buyers and sellers entered the market.Strongerhiring in the outer SF Bay Area offset some losses in the inner SF Bay Area, and the regional economy added more than 12,000 jobs yearto-date.Theunemployment rate remainedin the low 4% range and thestock market gains also continued to boost regional demand.
Sales in the upper price tiers were still a major driver of SF Bay sales activity. Nearly 800 homes sold formore than $2.5million, a 20%increasesince April .Highlightinggrowingdemandin this price range, the segment accounted for a largershare of sales than at any point in the last seven years.The median sales price is up 2.4%since June 2023.Average price per square foot is up 5.7%since June 2023 and now is$983.Thenumber of sales increased by 20% with 222 homes sold in June 2024, compared to 185 in June 2023.
FastFact:Applegarth+Warrinwasthe#1teamatGoldenGate Sotheby’sinSanFranciscoandMarinlastyear,with$135Min sales.
TRENDING IN SF
PENINSULA CANCER TEST MAKER BIG STEP
Shares of Guardant Health Inc. closed Friday more than 13% higher day-over-day, after the Palo Alto company won a key validation for its blood test for colorectal cancer. A Food and Drug Administration advisory committee voted Thursday to recommend that the Shield test from Guardant (Nasdaq: GH) be approved by the agency to screen for colorectal cancer in adults age 45 and older who are at average risk.
NINTENDO TO OPEN STORE IN UNION SQUARE
Nintendo San Francisco will open in 2025 and join New York City as the only official stores in the U.S. The wellrecognized brand, which draws thousands of fans to the Nintendo store in New York's Rockefeller Plaza and official stores throughout Japan, could provide a welcome boost to the downtown shopping district. Nintendo San Francisco will span two floors and take up nearly 10,000 square feet in total retail space
WHY WEEWORK IS STILL BETTING ON DOWNTOWN SF
WeWork finalized its San Francisco lease portfolio Monday, saying it plans to assume another five leases in the city spanning 460,000 square feet. Among the spaces, are 201 Spear and 500 California. “There’s more VC funding for small startup companies that are utilizing co-working space rather than having their own office space,” Colin Yasukochi
BEHIND THE SCENES
HOME TRANSFORMATION
FROM DRAB TO FAB
We often focus so much on the interior of homes, it’s fun to show how much you can transform curb appeal with just plants and new lights. This house came to life with new plantings. The interior was transformed as well, but nice to show you can greatly improve starting with the exterior. This gorgeous home got new plants and exterior lights which gave it a wow factor. More before/after photos can be viewed here : A+W Before & After
BEFORE
A+W SAN FRANCISCO FEATURED PROPERTIES
Stunning Marina Penthouse
$1,199,000
SOLD SOUTH OF MARKET
Four Seasons Residence
$2.700,000
SEACLIFF
Sold Above Asking
$3,490,000
NORTH BEACH Represented Buyer
$2,595,000
Westwood Park Classic
COLE VALLEY Represented Buyer
$2,900,000
RUSSIAN HILL Represented Buyer
$2,350,000 SOLD WESTWOOD PARK
$1,550,000
$1,420,000 FOR SALE MARINA
PACIFIC HEIGHTS Elegant in Pacific Heights
PACIFIC HEIGHTS Represented Buyer
$1,125,000
FAST FACT : The Applegarth + Warrin Team nearly $135 Million last year.
A+W MARIN
Premier Sausalito Estate
Striking Modern Home
Iconic Beachfront Home
$11,995,000
PENDING
CORTE MADERA
$5,295,000 FOR SALE SAUSALITO
East Coast Elegance
$5,995,000 SOLD TIBURON
Mount Tiburon Estate
$6,250,000 FOR SALE BOLINAS
SOLD BELVEDERE Over Asking
$5,300,000 COMING SOON TIBURON Stunning View Home
$11,995,000 SOLD BELVEDERE Designer Lagoon Home
$7,550,000
$4,800,000 FOR SALE SAUSALITO
$11,500,000 SOLD BELVEDERE Represented Buyer
SAN FRANCISCO SINGLE FAMILY
SALES BY DISTRICT · SINGLE FAMILY HOMES ·
DISTRICT 1
Central Richmond, Inner Richmond, Outer Richmond, Jordan Park/ Laurel Heights, Presidio, Lake Street, Sea Cliff, Lone Mountain
DISTRICT 2
Golden Gate Heights, Outer Parkside, Outer Sunset, Parkside, Central Sunset, Inner Sunset, Inner Parkside
DISTRICT 3
Lake Shore, Merced Heights, Pine Lake Park, Stonestown, Lakeside, Merced Manor, Ingleside, Ingleside Heights, Oceanview
DISTRICT 4
Balboa Terrace, Diamond Heights, Forest Hill, Forest Knolls, Ingleside Terrace, Midtown Terrace, Saint Francis Wood, Miraloma Park, Forest Hill Extension, Sherwood Forest, Mount Davidson Manor, Westwood Highlands, Westwood Park, Sunnyside, West Portal, Monterey Heights
DISTRICT 5
Glen Park, Haight Ashbury, Noe Valley, Twin Peaks, Cole Valley/Parnassus Heights, Buena Vista/Ashbury Heights, Castro, Corona Heights, Clarendon Heights, Duboce Triangle, Eureka Valley/Dolores Heights, Mission Dolores
DISTRICT 6
Anza Vista, Hayes Valley, Lower Pacific Heights, Western Addition, Alamo Square, North Panhandle
DISTRICT 7
Marina, Pacific Heights, Presidio Heights, Cow Hollow
DISTRICT 8
Downtown, Financial District/Barbary Coast, Nob Hill, North Beach, Russian Hill, Van Ness/Civic Center, Telegraph Hill, North Waterfront, Tenderloin
DISTRICT 9
Bernal Heights, Inner Mission, Mission Bay, Potrero Hill, South of Market, Yerba Buena, South Beach, Central Waterfront/ Dogpatch
DISTRICT 10
Bayview, Crocker Amazon, Excelsior, Outer Mission, Visitacion Valley, Portola, Silver Terrace, Mission Terrace, Hunter’s Point, Bayview Heights, Candlestick, Little Hollywood
SAN FRANCISCO COUNTY SINGLE FAMILY MARKET TRENDS
Graphs show trends in market activity for the county comparing this year (dark lines) with last year (light lines) for the same period. Data is gathered from Multiple Listing Service (MLS) sources, reviewed for accuracy, and charted for easy comparison. Data shown is for single family homes only.
Data Source: MLS. Data is for single family homes only. THIS YEAR LAST YEAR
SAN FRANCISCO CONDOS
SALES BY DISTRICT · CONDOS · Q2 2024
DISTRICT 1
Central Richmond, Inner Richmond, Outer Richmond, Jordan Park/ Laurel Heights, Presidio, Lake Street, Sea Cliff, Lone Mountain
DISTRICT 2
Golden Gate Heights, Outer Parkside, Outer Sunset, Parkside, Central Sunset, Inner Sunset, Inner Parkside
DISTRICT 3
Lake Shore, Merced Heights, Pine Lake Park, Stonestown, Lakeside, Merced Manor, Ingleside, Ingleside Heights, Oceanview
DISTRICT 4
Balboa Terrace, Diamond Heights, Forest Hill, Forest Knolls, Ingleside Terrace, Midtown Terrace, Saint Francis Wood, Miraloma Park, Forest Hill Extension, Sherwood Forest, Mount Davidson Manor, Westwood Highlands, Westwood Park, Sunnyside, West Portal, Monterey Heights
DISTRICT 5
Glen Park, Haight Ashbury, Noe Valley, Twin Peaks, Cole Valley/Parnassus Heights, Buena Vista/Ashbury Heights, Castro, Corona Heights, Clarendon Heights, Duboce Triangle, Eureka Valley/Dolores Heights, Mission Dolores
DISTRICT 6
Anza Vista, Hayes Valley, Lower Pacific Heights, Western Addition, Alamo Square, North Panhandle
DISTRICT 7
Marina, Pacific Heights, Presidio Heights, Cow Hollow
DISTRICT 8
Downtown, Financial District/Barbary Coast, Nob Hill, North Beach, Russian Hill, Van Ness/Civic Center, Telegraph Hill, North Waterfront, Tenderloin
DISTRICT 9
Bernal Heights, Inner Mission, Mission Bay, Potrero Hill, South of Market, Yerba Buena, South Beach, Central Waterfront/ Dogpatch
DISTRICT 10
Bayview, Crocker
Amazon, Excelsior, Outer Mission, Visitacion Valley, Portola, Silver Terrace, Mission Terrace, Hunter’s Point, Bayview Heights, Candlestick, Little Hollywood
SAN FRANCISCO COUNTY CONDO MARKET TRENDS
Graphs show trends in market activity for the county comparing this year (dark lines) with last year (light lines) for the same period. Data is gathered from Multiple Listing Service (MLS) sources, reviewed for accuracy, and charted for easy comparison. Data shown is for condo, townhouse, stock cooperative, and tenant-in-common properties only.
Data Source: MLS. Data is for condos, townhouses, stock cooperative, and tenant in common properties only.
DISTRICT 1 SALES RICHMOND/LAKE/SEA CLIFF
672 Arguello $3,685,000 Sold June 20
DISTRICT 2 SALES SUNSET AND PARKSIDE
DISTRICT 3 SALES OCEANVIEW TO LAKESHORE
DISTRICT 4 SALES
FOREST KNOLLS TO WESTWOOD PK
DISTRICT 5 SALES
HAIGHT ASHBURY TO GLEN PARK
DISTRICT 6 SALES
LOWER PAC HTS TO HAYES VALLEY
DISTRICT 7 SALES MARINA TO PACIFIC HEIGHTS
DISTRICT 8 Sales
NORTH BEACH TO DOWNTOWN
DISTRICT 9 SALES SOUTH BEACH TO BERNAL HEIGHTS
POWER OF THE BRAND
SOTHEBY’S
Sotheby’s Auction House has over 200 years of history selling our clients’ treasures. Our association with the brand ensures stellar representation, brings cachet to your property and allows us access to affluent buyers around the world.
SOTHEBY’S INTERNATIONAL REALTY
With our distinguished global referral network we can find qualified buyers or quality agents for your next purchase from around the globe. Our listings achieve maximum sale price.
BAY AREA AND BEYOND
FEATURED
LISTING
London, England
$221,518,987
This five-bedroom penthouse located in the prestigious One Hyde Park residential development boasts 18,000 square feet and unfolds over the tenth and eleventh floors. The penthouse is one of the finest residential real estate assets in London, offering unparalleled lateral living space, in a super prime location in Knightsbridge, with uninterrupted views over Hyde Park. The home also features wrap-around terraces. One Hyde Park is one of the most exclusive and secure residential developments in the world. One Hyde Park: The Residences at Mandarin Oriental, London, is an iconic development of 86 residential apartments in the heart of London, between Hyde Park and the centre of Knightsbridge. Listed by United Kingdom Sotheby’s International Realty.
For more information on this listing and others from our global partners, call us at 415.289.8999.
BAY AREA AND BEYOND FEATURED LISTING
SOUTHAMPTON, NY
$40,000,000
Rare offering a traditional shingle-sided residence, down a gated drive with pool and tennis, bulk-headed waterfront with dock directly on Shinnecock Bay, plus additional 1.5-acre lot with direct ocean access across Meadow Lane. Residence with five bedrooms, six baths, powder room, and outdoor shower offers stunning water views from almost every room. Interior decor is clean and chic from entry gallery with powder room to double-height great room with fireplace that opens to waterfront decking on three sides. Open modern kitchen with top-line stainless appliances and breakfast area opens onto decking with heated 40'x18' Gunite pool. Outdoor decks and patios offer fantastic options for outdoor relaxing entertaining. Spectacular sunsets across the myriad water views, remarkably private setting from the road. Ocean beach access via private walkway off Meadow Lane. Listed by Sotheby’s International Realty-Southampton.
For more information on this listing and others from our East Coast partners, call us at 415.289.8999.
BAY AREA AND BEYOND FEATURED LISTING
KAILUA, HAWAII
$13,800,000
An artistic masterpiece of design and architecture. Sculpted into Lanikai hillside 380 Lama Place offers the ultimate in luxurious living with privacy and unparalleled views of the Mokulua Islands and beyond. Completed in 2023 no details were overlooked when crafting this property. Designed by Cesar Giraldo Design and executed by James McPeak Architecture and Crema Builders. Features include artwork commissioned by Pierre Bonnefille in France, Meridiani of Italy furnishings, Gaggenau appliances, Venetian plaster interior and exterior, BauformatKitchen, Celestron smart home, Temperature controlled wine room, Sky frame windows, Kone commercial elevator and more. Accented by lavender marble, travertine, teak, and European white oak throughout. A truly one-of-a-kind property for the most discerning owner. Listed by Carvill Sotheby’s International Realty.
For more information on this listing and others from our Hawaii partners, call us at 415.289.8999.
BAY AREA AND BEYOND FEATURED
LISTING LEFKADA, GREECE PRICE UPON REQUEST
Along the coastline of Lefkada, with its cerulean, picturesque backdrop, Mystique presents an enchanting panorama from its secluded vantage point. The carefully manicured gardens, adorned with foliage and fragrant blooms, gracefully guide you through a private trail toward a sun-kissed beach. The allure of the shimmering turquoise waters is irresistible. Meticulously designed to harmonise with the natural surroundings while displaying contemporary aesthetics, Mystique exudes an ambiance of modern grandeur. The high ceilings, expansive glass facades, and minimalist lines all contribute to the overall impression of elegance and sophistication. Embrace the allure of Mystique where dreams find their home amidst the timeless beauty of the Ionian Sea. Listed by Greece Sotheby’s International Realty.
For more information on this listing and others from our global partners, call us at 415.289.8999.
BAY AREA AND BEYOND
FEATURED LISTING
UPPER EAST SIDE, NY
$65,000,000
Sophisticated and richly appointed, this rare offering of one of New York's great Gilded Age limestone Beaux Arts mansions, is a glistening survivor, one of the few remaining and most architecturally intact of its Gilded Age splendor on the Upper East Side. Superbly located just off Fifth Avenue and Central Park between Fifth and Madison Avenues on prestigious East 63rd Street and forming part of a group of stunning facades in a beautiful strip of mansions by great architects including CPH Gilbert, D & J Jardine, and Delano & Aldrich, transforming the block for prominent residents such as Woolworth, Bloomindale, Brokaw, Oscar Hammerstein, and presentday residents such as Neil Diamond. One of the most exclusive shopping areas in the world is just steps to Madison Avenue and includes names such as Graff, Hermes, Lalique, Dolce & Gabbana and Maison Goyard. Listed by Sotheby’s International Realty – East Side Manattan.
For more information on this listing and others from our East Coast partners, call us at 415.289.8999.
BAY AREA AND BEYOND
FEATURED LISTING
YOUNTVILLE, NAPA
$28,500,000
Prepare to be astonished by this totally private 5± acre estate in the town of Yountville, with sprawling architecture surrounded by vineyards! Spanning an impressive 9,077± sq.ft. with 7 bedrooms, 7 full baths, 2 half baths, turn-key and fully furnished by Restoration Hardware, this resort-like enclave is move-in ready. The main house encompasses 7,077± sq.ft., accompanied by a 1,000± sq.ft. guest house, and a 1,000± sq.ft. pool house, complete with a gym, sauna, and steam shower. Situated on 5± acres, which includes 1.9± acres planted to 5,000± Cabernet Sauvignon vines, this property is a wine lover's dream. Enjoy the separate tennis court, pickleball court, bocce court, and a 5,000± sq.ft. custom putting green. Unwind at the pool and spa while the kids play on the incredible custom playground with water park. Listed by Sotheby’s International Realty – St. Helena Brokerage.
For more information on this listing and others from our Wine Country partners, call us at 415.289.8999.
GOLDEN GATE SOTHEBY’S INTERNATIONAL REALTY
LOCAL KNOWLEDGE CONNECTED AROUND THE BAY AND THE WORLD
Our brokerage is the number one Sotheby’s International Affiliate in Northern California. We can help you find your buyer. We have more than 500 agents in 22 offices representing active qualified buyers and sellers throughout the San Francisco Bay Area. We service the counties of:
•Alameda
•Contra Costa
•Marin
•Napa
•San Francisco
•San Mateo
•Santa Clara
•Solano
•Sonoma
•Santa Cruz
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