• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

The Glen Park Association

Up-to-the-minute news from Glen Park

  • Home
  • Glen Park Association
    • About the Glen Park Association
    • Join the GPA
    • GPA Board Contacts
    • GPA Meeting Minutes
    • Bylaws
    • Neighborhood boundaries
  • News Stories
    • Glen Park News
    • Editor’s Picks
  • Greenway
    • About
    • Greenway Plan
  • GPA Grants Program
  • Crime & Safety
  • Contact
    • Contact
    • Volunteer Sign Ups
    • Event Submission
    • Author Submissions

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

Primary Sidebar

IMPORTANT UPCOMING DATES


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

Glen Park Library

Subscribe to this Newsletter

Sign Up for Glen Park Association News Updates

* indicates required

Glen Park Rec. Center

Renew Your Glen Park Association Membership for 2023

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.

Glen Park Association Advertising Sponsors

JE_Digital Small Space Ad
GPA Ad- Perez Construction ad 6.27.22 v Glen Park
martin
moroco
JE_Digital Small Space Ad
GPA Ad- Perez Construction ad 6.27.22 v Glen Park
martin
moroco
previous arrow
next arrow
Shadow

Current Weather & Air Quality

Glen Park featured on…

FacebookSF ChronInstagramTwitter

Join the Glen Park Association on Facebook

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons
Glen Park Association is in Glen Park.
2 days ago
Glen Park Association

Happy 4th Anniversary to @crosstowntrail !!

We love having hikers explore the Glen Park neighborhood and our beautiful Glen Park Greenway!

#glenpark #sanfrancisco @glen_parkmerchantssf @rafaelmandelmand8
... See MoreSee Less

Happy 4th Anniversary to @crosstowntrail !! 

We love having hikers explore the Glen Park neighborhood and our beautiful Glen Park Greenway!

#glenpark #sanfrancisco @glen_parkmerchantssf @rafaelmandelmand8
View on Facebook
· Share
Share on Facebook Share on Twitter Share on Linked In Share by Email
View Comments
  • Likes: 10
  • Shares: 0
  • Comments: 0

Comment on Facebook

Glen Park Association is in Glen Park.
1 week ago
Glen Park Association

Bicycle Mass rolling through Glen Park this evening of the last Friday of the month!🚲🚲🚲

#CriticalMass @glen_parkmerchantssf
... See MoreSee Less

Bicycle Mass rolling through Glen Park this evening of the last Friday of  the month!🚲🚲🚲

#criticalmass @glen_parkmerchantssf
View on Facebook
· Share
Share on Facebook Share on Twitter Share on Linked In Share by Email
View Comments
  • Likes: 6
  • Shares: 0
  • Comments: 0

Comment on Facebook

Blog Roll

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

Copyright © 2023 · Metro Pro on Genesis Framework · WordPress · Log in