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GLEN PARK REAL ESTATE–May Recap

June 11, 2022 by Amanda Martin

Summer is upon us! Historically, summer tends to be a slower season in San Francisco in general for real estate sales. During the last couple of years of pandemic lockdown, we haven’t seen that pattern as much because people were not traveling, but rather, they were moving into larger or more accommodating living spaces.

There are a lot of factors coming together right now that are shifting our market. People are traveling – this is evident by the very long lines for passports over the past month and the chatter on the streets. There is inflation, a skittish stock market, crashing crypto, geopolitical unrest, rising interest rates, and the changing landscape of work. We had reached a fever pitch of overbidding and underpricing and now we are finally starting to see some balancing out of the market. I think this balancing is needed and will help bring some sanity back to the market and pricing.

One big indicator in the market has been the increase in price reductions citywide. In March there were 43 price reductions citywide, in April that number jumped to 86, May came in with a big increase to 204, and so far in June (as of June 9th) we have already had 100! The good news here is that NONE of those were in Glen Park. Sellers may not get the 7-8 offers they were getting before, but if priced and marketed correctly, properties should still receive a couple of offers due to the ongoing scarcity of inventory, and hey, it only takes one!

Sales in May were still quite strong, and we are really only now starting to see the slowdown in pace of things in June. It will be interesting to watch where things end up in the June/July/August numbers (stay tuned!). From being out and about on broker tours in Glen Park, it seems like single family homes that are checking a lot of boxes are still very hot commodities. The biggest shifts are happening in SOMA and Inner Mission, and especially in larger newer construction condos.

Here’s a look at where things are this month versus May of 2021. Keep in mind that we are looking at a pretty small sample size, so this has to be taken with a grain of salt.

If you’re looking for a property in the neighborhood, or just curious about the current inventory, here’s a list of the active properties in Glen Park as of 6/9/22:

As always, if you want any more information about the market, please don’t hesitate to reach out to me. I’m always happy to talk real estate!

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 #01386284AmandaMartinSF.com
My Real Estate Stats Webpage

Filed Under: Real Estate, Uncategorized

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