Client Briefing - April 2024
Clients, Friends, & Colleagues:
Following an 18 month period of decreased sales volume, the San Francisco real estate market continues to experience a noticeable uptick in momentum. During the first 100 days of 2024 more buyers toured our listings than during all of 2023. One of our listings on the market for 200+ days received multiple offers and sold close to its asking price. Our team’s year-over-year sales volume is up 75%. Some neighborhoods are more active than others, yet all are more active than last fall. We’re all working overtime to source buyers for our great listings.
This briefing includes the recently released San Francisco Quarterly Market Report published by Sotheby’s International Realty, citywide sales metrics, and more.
We’ll share more market updates next month. Until then, as always, thank you for continuing to entrust us with your real estate goals, and those of your family, friends, clients, and colleagues.
GREGG AND THE TEAM
Sotheby's International Realty San Francisco Market Update: Q1 2024
Better information means better decisions. Explore the just-released, interactive San Francisco Q1 real estate market report by Sotheby’s International Realty.
Pending - One Week on Market: 2288 Broadway #8
Our newly listed co-operative apartment at 2288 Broadway #8 has some of the best views San Francisco has to offer. Join me for a tour of one of our most coveted listings of the second quarter - in contract after just one week on the market.
Offered at $12,900,000
In the News: 2006 Washington #10
Our listing at 2006 Washington #10 has received a large volume of media coverage that included many of the most-read business and shelter publications.
Just Sold: Lumina 33B
The Q1 Market Update reported an increase in momentum citywide and our listing at Lumina 33B is a prime example of the swift change to the real estate market ushered in by the New Year. On the market since last summer, January 2024 brought this listing a 168% increase in showings and by early March buyers entered a bidding war on the downtown condominium. Congratulations to our sellers on their just closed sale of Lumina 33B!
Sold at $4,850,000
Sotheby's International Realty
领英推荐
Luxury Outlook: Hybrid Work Leads to Busier Suburbs, Some Deals To Be Had in the Cities
While Hybrid work arrangements are a hot topic in the media, some evidence suggests the flexibility is here to stay. According to data from property technology and security firm Kastle Systems, whose Back to Work Barometer tracks access to offices in top U.S. metro areas, occupancy hovered around 50% in September 2023—dipping as low as 26.2% in cities like New York and San Francisco on Fridays.
The implications are huge for commercial and residential real estate. How will overlapping work and home lives change what homebuyers and residential tenants want? What happens to retail that once served a steady, five-day flow of office workers? As workers untether from offices, what other spaces will serve as workplaces?
The 2024 Luxury Outlook Report examines these questions and more in Hybrid Work Leads to Busier Suburbs, Some Deals To Be Had in the Cities. Click below to read the article.
GREGG LYNN TEAM: View Our Listings
Homeowners partner with the Gregg Lynn Team to secure an unparalleled combination of market expertise, unprecedented marketing reach, and a unique ability to steward the most complex transactions to the closing table. View our current inventory of exclusive listings representing people & property across the City.
SOTHEBY'S INTERNATIONAL REALTY MARKET LEADERS
Our Favorite Listings Outside San Francisco
Sotheby’s International Realty is the global leader for luxury real estate representation, and our clients – who buy and sell real estate all over the world – agree: it very much matters who represents you. When you, your family, friends, or colleagues consider exploring a home in the Bay Area and beyond, please allow us to introduce you to the most trusted and experienced realtor in any market.
BOSTON, MASSACHUSETTS
PENTHOUSE COLLECTION AT MILLENNIUM TOWER
This 3-bedroom, 4.5 bathroom 4110 sq ft penthouse offers breathtaking panoramic city views through floor-to-ceiling windows ascending over 14 feet high. Featuring custom bath and kitchen cabinetry selected by renowned designer Christopher Peacock, wide-plank wood flooring from Carlisle, luxurious slab marble flooring in the primary bath, a gas fireplace, and a private terrace, every detail exudes sophistication. Including 2 garage parking, enjoy all the amenities that Millennium Tower Boston has to offer.
1 Franklin Street, PH4B, Boston Massachusetts | Offered at $10,900,000
Presented by our Sotheby's International Realty colleague, Michael Carucci
SHERMAN OAKS, CALIFORNIA
14541 Deervale Place
California mid-century modern (1963) atop one of the most coveted cul-de-sac streets in the Sherman Oaks enclave of Skyview. Deervale Circle is known and desired for unobstructed city, mountain and canyon views that set the backdrop for this impeccably restored estate. Stunning white poured-in-place Venetian terrazzo floors and a floor-to-ceiling white brick fireplace set the tone. Three bedroom suites feature solid oak hardwoods, including a primary suite with Carrera-slab modern bath. Large pool and flat grassy yard enjoy the explosive views which complete this exceptional offering.
14541 Deervale Place, Sherman Oaks, CA | Offered at $4,495,000
Presented by our Sotheby's International Realty colleague, Eric Lavey
TELLURIDE, COLORADO
8091 Preserve Drive
Nestled on a sprawling 12-acre lot, this extraordinary property offers an idyllic setting with direct access to a national forest, a tranquil recirculating creek, and a picturesque pond. Merely five minutes from Telluride's Mountain Village entrance, this meticulously crafted CCY Architects property seamlessly integrates mountain modern style with its natural surroundings. Enjoy breathtaking views from the four-bedroom main residence, find serenity, and host guests in the two-bedroom guest house. A mountain aficionado's paradise, this home epitomizes a family estate, moments from Telluride's famed ski
8091 Preserve Drive, Telluride, CO 81435 | Offered at $10,995,000
Presented by our Sotheby's International Realty colleague, Dan Dockray