San Francisco Home Prices, Market Conditions & Trends May 2022

In April 2022, the Bay Area continued to see appreciation, overbidding and days-on-market reflecting extremely intense demand. But sales are a lagging indicator reflecting offers accepted 3-6 weeks earlier, April sales mostly reflect buyers who locked in mortgage rates before the big late-March/April jumps, buyers highly motivated to buy before their interest rate locks expired, adding short-term pressure to demand.

 

The post San Francisco Home Prices, Market Conditions & Trends May 2022 first appeared on Paragon Specific.

San Francisco Home Prices, Market Conditions & Trends April 2022

Soaring interest rates & housing costs; continuing strong demand, low inventory of house listings and high market velocity. Sales were robust in Q1 for all property types, but the supply of house listings in particular was very low. 

The post San Francisco Home Prices, Market Conditions & Trends April 2022 first appeared on Paragon Specific.

237 Lexington Street

Details

Welcome to Lexington Street, a quaint tree-lined street that runs parallel to Valencia Street in the heart of the vibrant Mission District. This gorgeous one of a kind 3 bed (one of which is currently used as a media room) 2 bath top floor condo lives like a single family home. With a contemporary concept in mind, this condo was completely remodeled to the studs and reimagined for today’s modern living. The light filled custom home features high ceilings, six skylights, designer baths and kitchen, and a large private terrace that basks in the sun. Get ready to entertain with a spacious open kitchen with generous custom cabinets, Corian counters, top-of-the-line Miele appliances featuring a speed oven, microwave, convection oven, refrig, and induction cooktop with a downdraft system finished with a Bosch Dishwasher and a Subzero wine fridge. You are just steps from all of the Mission’s best eateries, shopping, nightlife, independent shops. 

John Macon Presents: 237 Lexington Street, San Francisco, CA from Ace Home Tours on Vimeo.

96-98 Lundys Lane

Details

Nestled on the hillside of Bernal Heights this two-unit 1908 Edwardian is ideal for an owner-occupier or an investor. Overlooking Esmeralda Park with windows on 3 sides, 96-98 Lundys Lane is flooded with natural light throughout the day. This property has many original Edwardian details including coved ceilings, beautiful hardwood floors, bay windows, wainscoting throughout, and 2 ornate fireplaces. The upper unit features 3 bedrooms and 1 bath, an open kitchen/living area, and a sunny rear deck with wonderful views toward Twin Peaks. The vacant lower unit offers two bedrooms, a newly remodeled split bath, a sunny deck, and great hillside views. There is a bonus room and bath downstairs which is perfect for a home office, au-pair, workshop, or home gym. The lower full-floor flat, garage and studio space are delivered vacant. Conveniently located near restaurants, shopping, and public transportation, this is a fabulous opportunity in beautiful Bernal Heights!

  • 3 decks
  • Fully detached
  • Amazing views of Twin Peaks
  • Great location surrounded by parks
  • Next door to a mini-park, and close to Coleridge Mini Park and Esmeralda Slide Park
  • Garage with storage area
  • Walk to great restaurants and shopping
  • Easy access to freeways, BART, Muni, and tech shuttles
  • Square Footage: 2,475 per floor plan; 2,000 per tax records
  • Located on a tree-lined Cul-de-Sac
  • 96 Lundys: 3 bedrooms and 1 bath, storage, rented for $3274.
  • 98 Lundys: 2 bedrooms and 1 bath, parking, storage, lower level bonus room with bath, vacant

Please visit: 96-98lundyslane.com

San Francisco Home Prices, Market Conditions & Trends March 2022

So far in 2022, Bay Area real estate markets appear largely unfazed by higher interest rates, volatility in financial markets, and troubling international events. 

San Francisco Home Prices, Market Conditions & Trends February 2022

2021 was one of the most frenzied real estate markets ever, with buyer demand far exceeding the supply of listings available to buy – and all the usual indicators, including home price appreciation trends, reflected this severe imbalance. As is the normal seasonal trend, listing and offer activity dropped substantially mid-November through early January, resulting in very low sales volume in the year’s first month.

The post San Francisco Home Prices, Market Conditions & Trends February 2022 first appeared on Paragon Specific.

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