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GLEN PARK REAL ESTATE–June recap

July 7, 2024 by Amanda Martin

I’m writing this during the most sweltering 4th of July weekend. Wow, it’s been really hot for a long time! I have a listing in Novato and was over there the other day – 107 degrees and almost impossible to grab the steering wheel to drive when getting back in my car. I think this year, though it was a very busy travel year, a lot of San Franciscans stayed close to home instead of driving out to capture the summer weather in the North Bay. San Francisco weather has been absolutely beautiful – nice sunshine with the natural AC from the Bay.

So how are things going in the world of real estate? Well, everyone is still wrestling with figuring out new rules from the fall out of the National Association of Realtors (NAR) settlement, which is set to take hold in mid-August. There are new forms, new rules, new ways of doing business coming down the pipeline. If you missed my rundown on the new rules, you can see more info HERE. Just keep in mind that the landscape is changing and nothing is written in stone yet.

Looking at the sales for Glen Park during June, there are some impressive numbers popping up there! Take a close look at the sales and some of my notes there, but it definitely seems like the market is hot for single family homes, and the more high end listings in the neighborhood also seem to be doing incredibly well. At least 30% of the sales are all cash. The market has been a bit crazy all over San Francisco, with some things going in to contract right away with multiple bids and other properties sitting. Due to the lack of inventory, and continued pent up demand, with buyers who have been sitting on the sidelines, hoping that rates will go down but realizing it may be minimal and slow going from here, we are seeing a bit more competition for the properties that check most of the boxes.

We are now able to look back at the Spring market as a whole and it shows an impressive jump from Spring 2023. Here is a look at the rolling 3-month numbers comparison for Glen Park and also for San Francisco as a whole:

Glen Park – for all property types*

Total Sales: 21 (2023), 30 (2024) UP 43%

Median Sales Price: $1,450,000 (2023), $1,827,500 (2024) UP 26%

Median Price per Square Foot: $1,073 (2023), $1,220 (2024) UP 14%

Median % of List Price Received: 100% (2023), 111% (2024) UP 11%

Median Days on Market: 25 (2023), 13 (2024) DOWN 48%

So, to summarize – things are moving in the right direction! When you look at the San Francisco numbers and see the recovery overall, you can see that within that recovery Glen Park is doing especially well.

San Francisco – for all property types*

Total Sales: 1,246 (2023), 1,348 (2024) UP 8%

Median Sales Price: $1,350,000 (2023), $1,401,000 (2024) UP 4%

Median Price per Square Foot: $1,000 (2023), $1,017 (2024) UP 2%

Median % of List Price Received: 100% (2023), 102% (2024) UP 2%

Median Days on Market: 23 (2023), 19 (2024) DOWN 17%

*All numbers rounded to whole numbers

Now, for the Glen Park Transactions/Listing 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–

I would also like to give myself a shameless plug – on July 10th I will be launching a new Podcast, called The Bay Insider, which is about History, Lifestyle, and Real Estate in the San Francisco Bay Area. I hope you’ll check it out! TheBayInsider.com

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

IF YOU HAVE QUESTIONS OR REAL ESTATE TOPICS YOU’D LIKE ME TO ADDRESS IN THIS COLUMN PLEASE REACH OUT AND LET ME KNOW!

Filed Under: Uncategorized Tagged With: Real estate

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IMPORTANT UPCOMING DATES

Upper Noe Neighbors Community Meeting Wednesday, May 21, 7 p.m.
Upper Noe Recreation Center auditorium
295 Day Street
Agenda


San Francisco Department of Public Works logoDPW Love Our City
District 8 Cleanup Day
Saturday, June 7, 9 a.m. to afternoon
Learn more and sign up here


 

Logo Center for Creative Exploration

The Center for Creative Exploration
Explore all the Colors of the Rainbow
one-day workshop
Saturday, June 7, 10 a.m. to 4 p.m.
300 Chenery Street
Learn more and link to registration here


Weeding Party
June 21, 10 a.m. to noon
100 block of Arlington at Charles
Join neighbors on the North end of the Cut to keep down the weeds and beautify top to bottom. Tools, lunch and good company provided.


Monthly cleanup on the Greenway
First Saturday of the Month (usually)
Click here to learn more


Friends of Glen Canyon’s
Glen Canyon Habitat Restoration
Every third Saturday 9:30 a.m to noon
Sign up here

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Questions? Call 415-239-4007


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Join the Glen Park Association and help promote our community’s interests. Together, we can secure improvement funds, publicize neighborhood concerns and strive to speak as one voice on neighborhood and city issues.

Membership in the Glen Park Association is only $10 annually and can be purchased online.

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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
Glen Park Association

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
Friends of Upper Noe Recreation Center
Glen Park Neighborhoods History Project
Open SF History
Sunnyside Conservatory
Sunnyside History
Sunnyside Neighborhood Association
Tramps of San Francisco
Upper Noe Neighbors

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