The summer slowdown is officially here.
The market remains tight and buyer demand strong, but inventory keeps shrinking. In Glen Park right now we currently have only 3 active listings and two of those are multi-unit properties! Sold listings are down about 4%. The median sales price through the end of June is $2,275,000 (up 9% year over year), with properties going 20% over asking (up 6% year over year). The median price per square foot in Glen Park is now over $1,300 (up 11% year over year), and if you take condos out of the mix, it’s over $1,400 (up 14% year over year). Impressive numbers.
If you’re thinking about selling, it’s hard to imagine a much better time.
Will it get even better? Maybe. As I mentioned in my last post, there’s a lot of speculation about the AI boom minting new millionaires in San Francisco, but also talk of a bust, so it’s anyone’s guess.
What we do know is how special Glen Park is, and I don’t blame anyone for not wanting to leave.
A word on AI’s blind spots
So many people rely on AI now, and it can be a really great tool. What’s dangerous is how often people accept the first answer without question. It’s become a habit to take Google’s AI summary or a quick AI response at face value, rather than scrolling down to see the actual sources or double checking the information. I recently posted a reel from my Bernal Heights Bay Insider episode where my guest noted that homes in St. Mary’s Park resemble the Doelger homes of the Sunset District. He never said they were Doelgers, just similar in style. Someone commented that the homes actually predate the Doelgers and look more like Rousseau houses, which is a fair point.
Curious, I asked Google who built the St. Mary’s Park homes, and the AI preview confidently told me: Doelger. Digging further, I found every source behind that claim traced back to my own Instagram post. Wild.
Here’s the interesting part: Once I replied to that commenter directly on the reel with the correct information, I asked Google again, and this time it correctly said Stoneson Brothers. My original Instagram post is still referenced, but it’s now tucked into the sidebar instead of driving the answer. It’s a good reminder that AI is only as reliable as what it’s pulling from, and even then sometimes it misinterprets the source information. Take the extra minute to scroll and check them for yourself.
I’ll check back in August, so in the meantime enjoy the summer!
Now, for the Glen Park Transactions/Listings for the month of June:
Here’s a look at what sold in the month of June:
Here’s a look at what’s currently in contract:
And lastly, the inventory that is currently available in Glen Park:
If you want to check out my latest market update on The Bay Insider, you can do so HERE. Until next month…
IF YOU HAVE QUESTIONS OR REAL ESTATE TOPICS YOU’D LIKE ME TO ADDRESS IN THIS COLUMN PLEASE REACH OUT AND LET ME KNOW.