June Real Estate Report

Market Outlook: Signs of Strength Amid Shifting Conditions

Momentum is building. While interest rates continue to shape the landscape, motivated buyers are actively engaging—and sellers who price strategically are seeing strong results.

Spring Market: Subdued, But Not Silent Traditionally one of the busiest times of year, this spring brought a more measured pace. Sales activity remained below the frenzied peaks of 2021–2022, but serious buyers are in the market, and well-presented homes are moving.

San Francisco Real Estate – June Market Highlights

1. Spring Activity Slower than Normal
   Despite it being spring—a typically strong season—sales volume and buyer activity remained below historical averages, especially compared to 2021 and 2022.

2. Prices Holding Steady
   Median home prices have leveled off, showing modest fluctuations rather than dramatic declines or increases.

3. Inventory Still Limited
   The number of homes for sale remains low, contributing to steady prices and occasional competitive bidding in select neighborhoods.

4. Interest Rates a Key Factor
   Mortgage rates continue to influence buyer behavior, with many waiting for more favorable terms before making moves.

5. Luxury Market Holding Ground
   The high-end market—particularly properties over $3M—shows resilience, with some properties receiving multiple offers and strong interest.

6. Condos vs. Single-Family Homes
   Single-family homes are seeing stronger demand than condos, though well-located and remodeled condos continue to perform.

7. Days on Market Varies by Segment
   Homes priced and presented well are selling quickly, while others sit longer—emphasizing the importance of expert pricing and marketing.

8. Marin County Staying Competitive
   Across the bridge, Marin continues to see tight inventory and strong buyer interest, especially in lifestyle-driven locations like Mill Valley and Tiburon.

9. Selective Buyer Behavior
   Buyers are active but highly discerning, placing value on move-in ready properties and prime locations.

10. Outlook: Cautiously Optimistic
    While challenges remain, especially around interest rates, buyer interest is present and sellers who price smartly are being rewarded.

Recent Sales Northside of town:

2935 Jackson - Decorator showcase house - sold $16,200,000 -  17% lower than list price.

3565 Clay Street, Sold at $9,900,000

2500 Pacific Ave, Sold at $9,500,000

2050 Jackson Street, $9,000,000

2565 Union Street, 16,800.000

 ^{Max has been a San Francisco real estate agent for over twenty years and consistently ranks within the top agents in the city.}

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^{Max Armour today 📲 (415) 290-6058}

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