Here are a few thoughts shared by Compass CEO, Robert Reffkin and President Mark McLaughlin about real estate activity in the near future:
The real estate market has already hit bottom and started bouncing back. Over the last 3 weeks or so, we’ve started seeing a meaningful increase in pending / in-contract and new listings activity.
We have never been so intimately aware of the inadequacies of our homes. Have you found yourself saying, “Do I have enough indoor space? Outdoor space? Bedrooms? The right home office setup?” If the answer to any of these questions is ‘No,’ then it’s time to contact your Realtor.
Buyer demand is strong. Buyers are seeing record-low interest rates, and have a sense that now’s a good time to get a good price.
Summer is the new spring. Summers are normally slower because many people are on vacations. Not this year. The spring market wasn’t eliminated, it was deferred. That inventory is still going to come. And everyone’s canceling their international vacations.
Life goes on. Births, engagements, divorce, death and downsizing are all happening as well, all of which translates to real estate movement.
I have five amazing condo listings available for purchase, and I am now showing in person. Make a Covid-safe appointment to view privately.
Have a safe and wonderful weekend!
Interest Rates Are At Historic Lows
The 30-year fixed-rate mortgage has again hit the lowest level in our survey’s nearly 50-year history. According to Freddie Mac, the average rate for a 30-year conforming loan fell to 3.13% in the last week of May.
Craving outdoor space & an at-home office? This perfect one bedroom urban retreat enjoys an exclusive extra large terrace & built-in office nook. Entertain or relax at home in the open concept kitchen/living/dining area with adjacent outdoor terrace. Also has lots of closet space. 1 car deeded parking & additional storage are included.
88 Townsend Street
Panoramic City Views At The Metropolitan
THE METROPOLITAN | 355 1st Street #2007
2 Bedrooms / 2 Baths / 1 Parking / Rincon Hill
The Metropolitan residence 2007 is a corner view home that sits high up in the Met’s south tower and enjoys panoramic views of the city, Twin Peaks and a peek at the Bay. The residence features floor to ceiling windows on two walls, in the open concept living, dining and kitchen area. The chef’s kitchen is finished with Viking, Fisher/Paykel and Bosch appliances. Both bedrooms enjoy city views. Parking and additional storage is included.
The Metropolitan is a full service highrise community with lifestyle amenities that include: a 24/7 front desk with lobby attendants, a 3500+ state of the art fitness center, an indoor pool center with sauna, hot tub and showers, a fully equipped club room with double sided fireplace and catering kitchen, a theater with HD viewing, a business center, a conference room and a roof top terrace with BBQ.
333 1st Street
355 1st Street
Residence 1507 at Arden in Mission Bay
Now $2,598,000 | Seller Says, “Sell!”
Virtual Open House
Sunday, June 7th, 11:00am-12:00pm
$152,000 Price Reduction!
ARDEN | 708 Long Bridge #1507
3 Bedrooms / 2 Baths / 1 Parking with EV Charger / Mission Bay
Residence 1507 is a turnkey 3 bedroom, 2 bath corner residence with approximately $100,000 in upgrades and improvements. This 1565 square feet corner home has big views of the San Francisco Bay, Mission Creek canal, and the city skyline. The grand scale entertaining space is perfect for family and social gatherings.
Built in 2016, Arden’s amenities are suited for today’s lifestyle and include: an outdoor entertaining area with dual BBQs, an adjoining lounge with kitchen, TV and pool table, a lap pool and spa, a fitness center, dual lobbies with lounges and more.
Live at The Brannan in South Beach. This thoughtfully designed 2 bedroom urban home has a unique floor plan with dual, separated master bedroom suites. The residence also features a formal foyer and a large living/dining area with sliding doors to a balconette. There’s new wide plank white oak hardwood flooring throughout. Included is one car deeded parking and additional storage.
Enjoy 5 star amenities that include: a full time lobby attendant, concierge services, a 75′ heated lap pool, a whirlpool spa, a 3,000 sq.ft. gym and an outdoor entertainment area. The Brannan is one of South Beach’s premier luxury highrises.
Residence 601 at Parc Telegraph is an almost new, reimagined urban home. The Sellers redesigned the layouts of the kitchen, baths, and laundry, moved interior walls and upgraded the plumbing, electrical, and insulation. They installed custom cabinetry in living room, dining area, kitchen, and laundry
Designed with state of the art finishes, the upgrades, too many to name all, include:
Custom kitchen by Bentwood Luxury Kitchens
Miele kitchen appliances
Subzero Designer Series refrigerator-freezer
Fireplace by Avanti with pull-out cabinetry housing
In cabinet electrical lift system for flatscreen TV by Autron
Built-in sound system
Custom lighting and electrical
Heated floors in both bathrooms
Why Residents Love Parc Telegraph
Great running paths along the Embarcadero
Right next to Filbert Steps with rewarding views of The Bay at the top
Easily walk to Financial District and North Beach
Secured building with helpful and friendly doormen