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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

Arlington Path Beautification
Saturday, July 19, 10 a.m. to noon
Meet at 300 Mateo (x Arlington) for an exciting day of weeding, watering, seed collecting.
Tools, gloves and good company provided.


2025 Glen Park Night Market poster


 


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

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GPA Ad- Perez Construction ad 6.27.22 v Glen Park
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Center for Creative Exploration - adult
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Glen Park Association is at Glen Park Greenway.
3 days ago
Glen Park Association

Saturday’s Glen Park Greenway Work Party is Cancelled.

“I’m very sorry to say that
we have cancelled our Work Party for this Saturday July 12, along with all organized volunteer activity on the Greenway until further notice.
As you may have read in the news, our fiscal sponsor, San Francisco Parks Alliance (SFPA), has shut itself down. Just as SFPA has shut itself down, the Greenway, as an organized part of SFPA, has also been “shut down.” We are busy looking for a suitable alternative fiscal sponsor that is willing to replace SFPA. That search is going well but it is a slow process. We had hoped to find temporary ways to enable the Greenway project to function responsibly as a community activity without a fiscal sponsor. Sadly, despite our best efforts and the help of many others in Glen Park, we have failed. That is why we must cancel our Saturday Work Party and discontinue future work parties and other organized volunteer activity on the Greenway (like weeding and watering) until further notice. We recognize that the Greenway is public open space and that the organizers of the Greenway project have no control over the activities of you or of anyone else on the Greenway. However, if you do venture onto the Greenway to satisfy your urge for outdoor recreation, please be aware that your activity is not in any way organized or sanctioned by the organizers of the Glen Park Greenway project. I’m well aware of the efforts that many of the
Greenway’s supporters are making to get the Greenway organized with a new fiscal sponsor and I’m confident that this will be arranged within weeks or perhaps a few months.
However long it takes, I will contact you with news of our progress.
Many thanks for all that you do for the Greenway.”

Nicholas Dewar, volunteer Project Director

#glenparkgreenway #glenparksf #sanfrancisco @rafaelmandelmand8 @danielluriesf @crosstowntrail
#crosstowntrail #sfparksalliance #publicspace #nature
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Wonder what’s stopping just organizing it separate from that non-profit. It seems like the volunteers largely come from Glen Park.

Glen Park Association is at Laidley Street SFO.
6 days ago
Glen Park Association

It was a beautiful day for the annual #july4th celebration on Laidley street!

📷: Photos courtesy of Michael Waldstein

#glenparksf #sanfrancisco #laidley
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It was a beautiful day for the annual #july4th celebration on Laidley street! 

📷: Photos courtesy of Michael Waldstein 

#glenparksf #sanfrancisco #laidley
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Coyote Yipps
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Glen Park Neighborhoods History Project
Open SF History
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