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GLEN PARK REAL ESTATE–October recap

November 7, 2024 by Amanda Martin

Brighter mornings and darker nights now that we’ve made it past daylight savings time, and it is a bit of a tumultuous time here in our fine city (and country for that matter). Lots of speculation going on, and frankly, I don’t intend to take part in too much of that on this day. I’m working on regrouping my own expectations and I’ll need a good amount of time to gather my thoughts before trying to make any predictions.

Here’s what I do know–there are people out there waiting for rates to go down more, or waiting for more inventory to hit the market. (Citywide, we are down 27% on inventory for single family homes, but up in sales by 21% for the same time period last year.) Properties are moving quicker and there is less to choose from. One interesting aspect that has come up many times in conversations lately with colleagues is that buyers seem to be more suspicious than ever of properties that have spent much time at all on the market. It used to be 3 weeks was when a property would start to get “stale.” Now it feels like it’s even started right before you hit the 2-week mark. Perhaps a result of our ever decreasing attention spans? At any rate, my point is that pricing a property properly is very important right now.

For the month of October in Glen Park the percentage of Sale Price over List Price averaged 11.43% over. People expect to pay over the list price for a property and so if you price too high you won’t get the traffic quickly enough and then you risk passing the crucial 2-week mark when the perception of your property starts to change in buyers’ minds. Pick a great realtor to work with–there are so many great agents in San Francisco–and trust their professional judgement on pricing to give yourself the best chance for success.

Another item of interest: As expected the feds cut the overnight rate by a quarter percent, but we don’t expect that to have much of an effect on the mortgage market, so don’t hold your breath on that. Last time when they made the large cut of a half a percent, we paradoxically saw a raise in the interest rates for mortgages. This time I’m anticipating perhaps a slight downward movement, but nothing significant right now. For more information on this topic, click here.

As I mentioned last week, my podcasting partner Ying and I had the great pleasure of interviewing your very own President of the Glen Park Association, Hilary Schiraldi. Our Glen Park episode of The Bay Insider will be released on November 13th, so make sure to check it out! Would love to hear your feedback. Also, we are always looking for enthusiastic neighborhood residents or business people to interview for our neighborhood series, so if you know someone that would be great for a particular neighborhood, please reach out!

Now, for the Glen Park Transactions/Listing for the month of October.

Here’s a look at what sold in the month of October:

Here’s a look at what’s currently in contract:

And lastly, the inventory that is currently available in Glen Park:

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

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

Filed Under: Real Estate

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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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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 Glen Park Greenway.
2 days ago
Glen Park Association

More people are discovering our Glen Park Greenway to Glen Canyon Park!

#glenparkgreenway #glenparksf #sanfrancisco #takeawalk #walk #hike #urban #urbanexplorer #crosstowntrail
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More people are discovering our Glen Park Greenway to Glen Canyon Park!

#glenparkgreenway #glenparksf #sanfrancisco #takeawalk  #walk #hike #urban #urbanexplorer #crosstowntrail
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Glen Park Association is at Glen Park Greenway.
6 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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1 CommentComment on Facebook

Wonder what’s stopping just organizing it separate from that non-profit. It seems like the volunteers largely come from Glen Park.

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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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