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GLEN PARK REAL ESTATE–February recap

March 9, 2023 by Amanda Martin


We’ve made it past the shortest month of the year and are staring right into our busy spring real estate market. As expected, things are continuing to pick up with an increase of buyer interest and available inventory. That said, if we look at new inventory coming to market in February 2023 versus 2022, it’s a pretty big decrease year over year – 780 new listings in February 2023 in San Francisco overall versus 1,140 in February 2022. There were 295 properties that sold in February 2023 versus 455 in 2022, so demand is also down overall, and the ratios remain pretty steady. Looking specifically at Glen Park, we had nine new listings coming on the market in February 2023, but in February 2022 there were 17! As for the sales, we had four in February 2023 and six in February 2022.

The interest rates continue to fluctuate around 6%+/- for a 30-year fixed mortgage. Right now, that’s a little +. One thing we are seeing come back into the equation is the possibility of seller financing. This can be a great option for a seller who doesn’t need a big chunk payment when they sell their home. If you’re looking for consistent income and to make a high return on your money while selling your house for a higher price because the buyer isn’t paying as much interest to the bank, this can be a great option. If you want to know more about the logistics of how something like this can work for you, I’m happy to discuss. There can also be some tax benefits for the seller – definitely something to discuss with an accountant regarding your own personal financial situation. As the market changes it’s important to understand all of your options.

Here’s a look at what sold in the month of February:

Here’s a look at what’s currently in contract:

And lastly, here’s the inventory that is currently available in Glen Park:

 

For more San Francisco sales data, visit: thegoods-sf.com/AmandaMartin/

Amanda Martin
BarbCo Real Estate Group
415.601.9111 (Text/Call)
Amanda@RealEstateSF.com
License #01386284 AmandaMartinSF.com

 

 

Filed Under: Real Estate

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IMPORTANT UPCOMING DATES

Upper Noe Neighbors Community Meeting Wednesday, May 21, 7 p.m.
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Explore all the Colors of the Rainbow
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100 block of Arlington at Charles
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Glen Park Association is at San Francisco Public Library Glen Park Branch.
2 days ago
Glen Park Association

Photos and Fun courtesy of the Glen Park Library!
It was a great turnout at the Glen Park Library Open House on Saturday May 17th!

Thank you to all who attended and a big thank you to Glen Park Branch Library Manager Darren Heiber and his staff for a fantastic day!! 🙌🏽

San Francisco Public Library Arion Press | Artist Books Museum of Craft and Design Rafael Mandelman 🏳️‍🌈 #glenparklibrary #arionpress #museumofcraftanddesign #glenparksf #sanfrancisco #InCommunity
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Photos and Fun courtesy of the Glen Park Library! 
It was a great turnout at the Glen Park Library Open House on Saturday May 17th!

Thank you to all who attended and a big thank you to Glen Park Branch Library Manager Darren Heiber and his staff for a fantastic day!! 🙌🏽

@sfpubliclibrary @arionpress @museumofcraftanddesign @rafaelmandelmand8 #glenparklibrary #arionpress #museumofcraftanddesign #glenparksf #sanfrancisco #incommunity
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Glen Park Association is at Glen Park Recreation Center.
2 days ago
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Qi Gong & Tai Chi Thursdays at the Glen Park Rec Center!

Thursdays 2:00PM - 2:45PM
Room #1
Led by led by Ashima Sarin

Beginners and All Levels of Mobility Are Welcome! It’s FREE and drop-in!

(There will be no class the second half of June and July)

📍Glen Park Rec Center, 70 Elk Street

QUESTIONS? CALL 415-239-4007
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Qi Gong & Tai Chi Thursdays at the Glen Park Rec Center!

Thursdays  2:00PM - 2:45PM 
Room #1
Led by led by Ashima Sarin

Beginners and All Levels of Mobility Are Welcome! It’s FREE and drop-in! 

(There will be no class the second half of June and July)

📍Glen Park Rec Center, 70 Elk Street 

QUESTIONS? CALL 415-239-4007
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Coyote Yipps
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Open SF History
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Sunnyside History
Sunnyside Neighborhood Association
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Upper Noe Neighbors

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