SAN FRANCISCO DECEMBE R 2024
CRISTIAN ISBRANDTSEN
SAN FRANCISCO SPECIALIST
c. 415.535.9850
e. cristian@warrin.com
Welcome to the December 2024 San Francisco Market Report.
Despite rising mortgage rates and a late-season heat wave, housing demand in the SF Bay Area remained strong throughout October. The boost in affordability fueled increased buyer activity, particularly in the lower price tiers, while demand for high-end homes held steady. Job growth added 30,000 positions a 0 7% year-over-year increase while the regional unemployment rate stayed low at 4.3%.
October saw over 3,900 homes sold across the Bay Area. While it's common for sales to rise in October due to seasonal trends, this year’s closings surged by over 20% compared to last month and 17% from the previous year marking the highest growth rates since 2020. Nearly 75% of San Francisco homes sold above their list price, highlighting fierce competition for quality listings in neighborhoods offering workplace proximity and vibrant urban amenities. Homes also sold in an average of less than three weeks, marking the fastest market turnover in over two years
The most expensive sales in San Francisco in October and November were 825 Francisco which sold for $22,100,000, 2855 Pacific which sold for $15,250,000 and 2747 Vallejo which sold for $14,000,000.
Warmest wishes to you and yours this holiday season!
Fast Fact: The Warrin team was the #1 team at Golden Gate Sotheby’s in San Francisco and Marin last year, with nearly $140M in sales.
TRENDING IN SF
SAN FRANCISCO’S IGNITE TECH CONFERENCE
San Francisco has been chosen to host a major tech conference for the first time in 2025. Microsoft Ignite already has 14,000 people booked to attend next years event. It’s a win for the Bay Area’s business tourism industry, which has struggled to fully rebound since the pandemic. The conference will be held at Moscone Center in SoMa and account for 61,510 hotel bookings and $41.5 million in direct spending.
GILEAD OPERATIONS ON PATH TO NET ZERO
Gilead Sciences Inc. has prioritized its commitment to addressing climate change by pairing its environmental sustainability efforts with its operational strategy. The Foster City-based biopharmaceutical company embraced a series of sustainability goals in 2021, including a commitment to transition its operations to have net-zero greenhouse gas emissions by 2030, and achieving its pledge to reduce GHG emissions by 46% from a 2019 baseline. Leading
BIG INVESTORS NARROW IN ON SF TOWERS
San Francisco commercial real estate purchases in recent years have been dominated by smaller investors willing to take on the risk of a difficult market in return for an eye-popping discount. Now some see more traditional institutional investors preparing to jump into the market. VTS finds tech-heavy markets such as San Francisco in 2024 have gained “significant momentum in office demand after years on the sidelines.”
BEHIND THE SCENES
HOME TRANSFORMATION
FROM DRAB TO FAB
BEFORE
A fresh and modern living room completely elevated this Telegraph Hill condo. The original living room with its antiquated Brazilian cherrywood flooring and wood burning stove, was completely transformed with the incorporation of wide plank Oak flooring and paint. Now bright and airy, and stunning all the way around. More before/after photos can be viewed here : A+W Before & After
A+W SAN FRANCISCO FEATURED PROPERTIES
SOLD PACIFIC HEIGHTS
Modern Masterpiece
$14,000,000 SOLD SEACLIFF
Sold Above Asking
SOLD SOUTH OF MARKET
Four Seasons Residence
$2.700,000
$3,490,000 SOLD COLE VALLEY Represented Buyer
SOLD NORTH BEACH Represented Buyer
$2,595,000
$2,900,000 SOLD RUSSIAN HILL Represented Buyer
$2,350,000 SOLD BERNAL HEIGHTS
Sold Above Asking
$1,900,000
Westwood Park Classic
$1,420,000 SOLD WESTWOOD PARK
$1,550,000
FAST FACT : The Warrin Team has sold nearly $140 Million this year. SOLD PACIFIC HEIGHTS Elegant in Pacific Heights
A+W MARIN FEATURED PROPERTIES
$11,995,000
$6,750,000
$5,300,000
$4,750,000
SAN FRANCISCO SINGLE FAMILY
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.
SAN FRANCISCO CONDOS
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.
DISTRICT 1 SALES RICHMOND/LAKE/SEA CLIFF
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
TEST YOUR SAN FRANCISCO IQ
Where am I?
Last issue’s answer: Camera Obscura & Hollograph Gallery
BAY AREA AND BEYOND
FEATURED LISTING
PARK CITY, UT
$1 8,250,000
New Construction in the coveted gated Pinnacle within Promontory, this contemporary style home combines the sleek clean lines of wood, metal, stone, and glass with smart comforts.
Focused on the spectacular mountain and golf course views, the interior and exterior living spaces are seamlessly blended by floor-to-ceiling windows and an expansive open floor plan on two levels with gracious decks. Designed by Michael Upwall, this masterful home is nestled in the gated community of Promontory. Listed by Summit Sotheby’s International Realty.
For more information on this listing and others from our Ski Country partners, call us at 415.289.8999.
BAY AREA AND BEYOND
LONDON, ENGLAND
$ 219,932,135
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. 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
DEL MAR , CA
$ 75,000,000
Completed in October 2024, Ocean House Del Mar was designed with a beachgoer’s DNA to emphasize livability while embracing 21st century technology, longevity and functional elegance. Richly restful and seriously playful, Ocean House Del Mar evolves the modern-day beach retreat. Designed like a super yacht to withstand the elements without sacrificing style or comfort, the house features marine-grade materials to provide whole-of-life performance. There’s a DaVinci roof, Arriscraft Walnut brick and Hardie Artisan Siding, and a new seawall protecting property's 75 feet of ocean frontage. Listed by Pacific Sotheby’s International Realty.
For more information on this listing and others from our Southern California partners, call us at 415.289.8999.
BAY AREA AND BEYOND FEATURED
LISTING
LOS ANGELES , CA
$ 119,950,000
La Fin, translated as 'The End', aims to provide accommodation and entertainment on a scale comparable only to the world's finest hotels. An extraordinary estate perched atop Bel Air, redefines luxury living with unparalleled sophistication and breathtaking views of Los Angeles and Century City. This meticulously crafted residence epitomizes opulence with 12 bedrooms, 17 baths. Every corner of La Fin exudes extravagance, from its grand glass-walled entryway and a majestic 44-foot crystal chandelier to a sprawling formal living room adorned with shimmering chandeliers. Listed by Beverly Hills Sotheby’s International Realty.
For more information on this listing and others from our Southern California partners, call us at 415.289.8999.
BAY AREA AND BEYOND FEATURED LISTING
ALEXANDRIA , VI RGI NIA
$6 0 ,000,000
Described by many as the most beautiful estate in the close-in DC region, River View Estate is Sited on 16.5 acres of George Washington's original Mount Vernon estate; the largest privatelyowned parcel of Mount Vernon remaining. A visit to River View reminds us of why Washington boldly proclaimed, "I had rather be on my farm than emperor of the world." This one-of-a-kind property, and its sublime aspect, uniquely had the power to calm the mind of America's founding father. It is likely that President Washington would approve of this 21st century version of River View. Listed by TTR Sotheby’s International Realty.
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
NEW YORK, NY
$29,000,000
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. Located on East 63rd Street, between Fifth and Madison Avenues, this property is part of a prestigious row of mansions designed by renowned architects like CPH Gilbert, D & J Jardine, and Delano & Aldrich. Built 25' wide x 100' deep, on a lot 25' x 100', with steel beam construction and elevator to every level. Listed by Sotheby’s International Realty, East Side Manhattan Brokerage.
For more information on this listing and others from our East Coast partners, call us at 415.289.8999.
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.
PRINCIPAL
415.407.8019
paul@warrin.com
holly@warrin.com
PRINCIPAL
415.407.7979
cristian@warrin.com
