October 2022 Newsletter
The SF Market Update
You Autumn Know…
With 79 days left til the New Year, buying or selling this year is still possible! The relatively short autumn selling season began after Labor Day and runs through November. The mid-winter holiday slowdown then runs through mid-January. Though sales continue in every month of the year, listing and sale activity drops dramatically as we near Thanksgiving. Slower markets can offer opportunities to buyers, but the selection of homes for sale usually tumbles. Bottom line- when you find a great home, buy it! If you need to prep your home for sale, planning for early 2023 is wise.
When looking at recent market changes, it is important to remember how overheated the market was in 2021 and early 2022 – many quarter-to-quarter, and year-over-year comparisons are distorted by the unusual (sometimes frenzied) conditions that prevailed then. It is also wise not to jump to definitive conclusions based upon a single quarter’s data: The economy and real estate market are still in a period of adjustment. There are certainly major economic and demographic challenges at play right now, but a market correction is not a crash, being more like a slow leak in an over-pressurized tire than a blowout on the highway at high speed.
Click one of these charts for more granular real estate info.
Fun Local Events!
Date: All month long
Event: Halloween events around town that we can’t list them all here. Click on photo to access a handy list of nearby family-friendly events.
LOCATION: Throughout SF-from pumpkin patches to Boo at the Zoo, plan your spooky and fun activities now!
DATE: October 30, 1-4pm
FREE EVENT: “The Great Hauntway”
LOCATION: The Great Highway
The Great Hauntway will take place on the Upper Great Highway between Judah and Taraval Streets. Attendees may RSVP at www.greathauntway.com to decorate a table, hand treats out to kids, bring kids to trick or treat, or volunteer at the even
Eye on: Gutters
This is not a sexy topic AND the rain is coming so now is the time to clean them out!
As small as your home’s gutters may be in respect to the rest of the home, it is an important home design feature that serves an important function. Properly installed gutters keep the integrity of your home intact by draining water from rain away from your home, thwarting any unwanted and potentially costly water damage. So grab your gloves and a hose and begin…or call a professional!
What Else Am I Focusing On?
Reading: The 12 Week Year, Brian Moran
AudioBook: Shadows Reel, CJ Box
Eating: Apple Turnovers (Yum!)
Struggling With: How to Get a Good Night’s Sleep
Contemplating: My Morning Routine
Loving: My “Spenga” Workout (Spin, weights, yoga)
Planning: Summer 202
My Recently Sold Properties
SALE PENDING – 521 Magellan Ave
2 Bedrooms, 1 Bathroom, 1 Car Garage
Offered at $1,795,0000
This charming split-level Craftsman is situated on one of the best blocks in Forest Hill. Possessing all the artisanal beauty of 1920 architecture- preserved woodwork, built-ins, & hardwood floors-multiple offers and pending in 6 days!
2058 12th Avenue
Golden Gate Heights – 4 Bed | 4 Bath
Represented Seller
1885 Vallejo Street, Unit 5
Pacific Heights – 1 Bed | 1 Bath
Represented Buyer
81 Glover Street
Russian Hill – 3 Bed | 2 Bath
Represented Sellers
254 Valley Street
Noe Valley – 4 Bed | 2.5 Bath
Represented Buyers
With over 17 years of real estate experience, I am here to help. Whether that’s here in the Bay Area or leveraging Compass’ national presence clear across the country, I would love to give you a hand.
Let’s talk!
SAN FRANCISCO REALTOR DISTRICTS
San Francisco Realtor 1: Sea Cliff, Lake Street, Richmond (Inner, Central, Outer), Jordan Park/Laurel Heights, Lone Mountain
San Francisco Realtor 2: Sunset & Parkside (Inner, Central, Outer), Golden Gate Heights
San Francisco Realtor 3: Lake Shore, Lakeside, Merced Manor, Merced Heights, Ingleside, Ingleside Heights, Oceanview
San Francisco Realtor 4: St. Francis Wood, Forest Hill, West Portal, Forest Knolls, Diamond Heights, Midtown Terrace, Miraloma Park, Sunnyside, Balboa Terrace, Ingleside Terrace, Mt. Davidson Manor, Sherwood Forest, Monterey Heights, Westwood Highlands
San Francisco Realtor 5: Noe Valley, Eureka Valley (Castro, Liberty Hill), Cole Valley, Glen Park, Corona Heights, Clarendon Heights, Ashbury Heights, Buena Vista Park, Haight Ashbury, Duboce Triangle, Twin Peaks, Mission Dolores, Parnassus Heights, Dolores Heights
San Francisco Realtor 6: Hayes Valley, North of Panhandle (NOPA), Alamo Square, Western Addition, Anza Vista, Lower Pacific Heights
San Francisco Realtor 7: Pacific Heights, Presidio Heights, Cow Hollow, Marina
San Francisco Realtor 8: Russian Hill, Nob Hill, Telegraph Hill, North Beach, Financial San Francisco Realtor, North Waterfront, Downtown, Van Ness/ Civic Center, Tenderloin
San Francisco Realtor 9: South of Market (SoMa), South Beach, Mission Bay, Potrero Hill, Dogpatch, Central Waterfront, Bernal Heights, Inner Mission, Yerba Buena
San Francisco Realtor 10: Bayview, Bayview Heights, Excelsior, Portola, Visitacion Valley, Silver Terrace, Mission Terrace, Crocker Amazon, Outer Mission , Hunters Point, Candlestick Point, Little Hollywood
It is impossible to know how median and average value statistics apply to any particular home without a specific comparative market analysis.
These analyses were made in good faith with data from sources deemed reliable, but may contain errors and are subject to revision. It is not our intent to convince you of a particular position, but to attempt to provide straightforward data and analysis, so you can make your own informed decisions. Median and average statistics are enormous generalities: There are hundreds of different markets in San Francisco and the Bay Area, each with its own unique dynamics. Median prices and average dollar per square foot values can be and often are affected by other factors besides changes in fair market value. Longer term trends are much more meaningful than short-term.
Compass is a real estate broker licensed by the State of California, DRE 01527235. Equal Housing Opportunity. This report has been prepared solely for information purposes. The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Compass disclaims any and all liability relating to this report, including without limitation any express or implied representations or warranties for statements contained in, and omissions from, the report. Nothing contained herein is intended to be or should be read as any regulatory, legal, tax, accounting or other advice and Compass does not provide such advice. All opinions are subject to change without notice. Compass makes no representation regarding the accuracy of any statements regarding any references to the laws, statutes or regulations of any state are those of the author(s). Past performance is no guarantee of future results.
