Happy Holidays Glen Park!
As I mentioned in last month’s post, this has been an interesting holiday season so far! Demand is still very high, and any property that is functional (and even some that are questionable) is getting a lot of interest and multiple offers — as long as it’s not overpriced. Overpricing right now is a very bad idea. Buyers are burnt out on falling in love with homes that inevitably get bid well out of their range, so properties that aren’t aggressively priced are getting overlooked. Meanwhile, plenty of homes are selling for many hundreds of thousands of dollars over asking.
So what should potential sellers do? List your house! The demand is out there. Maybe skip the week of Christmas, but outside of that, it truly feels like you can’t go wrong. I anticipate the market will remain strong through the spring selling season, though there will be more competition. San Francisco is different from other parts of the country — you’re not tied to the same “best time to sell” rules that apply elsewhere.
And what about potential buyers? Get ready now. Even if you’re not planning to buy immediately, begin learning the market and start conversations with a realtor who can help you track activity and prep for when the right opportunity appears. Lenders don’t always need to run a hard credit pull for a pre-approval, so there’s really no downside to being prepare — just a little time and attention.
San Francisco is HOT HOT HOT right now. AI businesses are moving in, people are returning to the office, tourism is back, and I’ve noticed an increasing number of empty nesters relocating to the city now that their kids are grown — eager for easy access to services, culture, and the arts. There are so many exciting things happening in San Francisco!
Affordability and lack of inventory have definitely been challenges for some time. Just a few days ago, Supervisors voted (7–4) to move forward with the new Upzoning (“Family Zoning”) Plan, which will affect the western and northern neighborhoods. If you want to explore the SF Planning map and see the proposed height limits, you can click HERE. To read more about the Family Zoning Plan, click HERE.
In other (less plausible) news, Trump has floated a couple of ideas aimed at addressing affordability. One is the 50-year mortgage. I have thoughts on that one — you can hear them on my 50-Year Mortgage Debate podcast episode. Another idea being tossed around is Portable and Assumable Mortgages. Intriguing and would certainly help unlock more movement and inventory, but it also comes with issues and would be a logistical nightmare for mortgage bankers. Both concepts have potential unintended consequences, but they definitely make for interesting discussion.
Thanks for reading along this year — it’s been such a wild and fascinating time for San Francisco real estate, and I’m grateful to be part of this amazing community. If you ever have questions, big or small, I’m here and happy to help. Cheers to a festive holiday season and an exciting year ahead!
Now, for the Glen Park Transactions/Listings for the month of November:
Here’s a look at what sold in the month of November–
Here’s a look at what’s currently in contract–
And lastly, the inventory that is currently available in Glen Park–
For more San Francisco sales data, visit: thegoods-sf.com/AmandaMartin/
Join us in The Bay Insider, a San Francisco Real Estate Podcast, as we explore its rich history, share what makes living here so exciting, and offer our insights into navigating this wild real estate market!
Looking forward to checking in after Christmas–have a great one!
IF YOU HAVE QUESTIONS OR REAL ESTATE TOPICS YOU’D LIKE ME TO ADDRESS IN THIS COLUMN PLEASE REACH OUT AND LET ME KNOW.
I’m looking for a guest for my Mission Terrace podcast episode – if you know anyone who would be good for this, please reach out to me with their contact information. Thank you!
IF YOU HAVE QUESTIONS OR REAL ESTATE TOPICS YOU’D LIKE ME TO ADDRESS IN THIS COLUMN PLEASE REACH OUT AND LET ME KNOW.