Client Briefing - May 2024
Clients, Friends, & Colleagues:
The momentum of the Spring real estate market continues this May as buyers seek the best listings on the market. Read below to learn how one of our new listings received multiple offers and sold 24% over asking while setting a new citywide record.
We are ecstatic about the return of Bay Area residents who left during the Pandemic. Last week we welcomed back clients from Southern California and helped them secure an off-market home on the Peninsula. More clients are here from New York City, Miami, Austin & Boston – all seeking best-in-class homes.
This briefing includes data on market performance for the month of April, highlights of our listings, our newly launched Modern Oasis, a selection of our favorite listings outside of San Francisco, and more.
Over the next four weeks our team will be launching listings across the city priced from $2M-$6M. Stay tuned for more details. 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
April 2024 Market Statistics
Just Sold: Citywide Record Set for Price Per Square Foot
Following a year of planning, our listing at 2288 Broadway #8 debuted to the market for its first time in 30+ years. With its soaring ceilings and full-height windows framing captivating views of the Golden Gate, Alcatraz, & beyond, this exceptional apartment is located at the apex of Pacific Heights — walkable to the restaurants and shops of Upper Fillmore Street. Buyers shared our enthusiasm; after one week on market multiple offers were received and the apartment sold 24% over its asking price, setting a new citywide MLS record at $4,500/price per square foot. Congratulations to our clients!
Sold at $16,000,000
New Listing: A Modern Oasis for City Living
In a most remarkable setting, this modern oasis in the city is unlike any home in South of Market. Beyond the unassuming concrete walls and doors of steel lies downtown’s most tranquil residential retreat. Designed and owned by two renowned San Francisco designers this peerless offering represents one of the most extraordinary escapes within the bounds of the city.
Offered at?$4,950,000
Sotheby's Concierge Auctions: Inaugural Live Auction at Sotheby's London
Join Sotheby's Concierge Auctions for the inaugural live auction, as for the first time since its inception in 1744, an exhibition of luxury real estate gavels live at Sotheby's London on 30 May. Part of its ‘The Luxury Sales’ series, our 'Exceptional Global Properties' sale will be simultaneously showcased with Sotheby's and feature a selection of marquee Sotheby's International Realty offerings alongside the finest luxury items in the world. Join us as history is made.
领英推荐
Newly Launched, In Escrow: 1750 Taylor #2302
Our listing at 1750 Taylor #2302 is a case study on the strengthening of the hi-rise market on San Francisco's Northside. With 34 comparable apartments available on the Northside with an average of 41 days on the market, #2302 received a compelling offer after just two weeks on the market.
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.
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.
Woodside, California: 460 Raymundo Drive
A four-acre estate designed by the highly acclaimed architect, Howard J. Backen in bucolic Woodside, California. Rectilinear architecture featuring floor-to-ceiling glass doors transforms the living areas into expansive outdoor spaces with limestone terraces and magnificent live oaks. Outdoors, a lap pool with an infinity edge and an antique French fireplace create a truly stunning setting. This private oasis is 10 miles from Stanford University and 40 minutes to San Francisco.
460 Raymundo Drive, Woodside, California | Offered at $22,000,000
Presented by our Sotheby's International Realty colleague, Michael Dreyfus
Greater Zion, Utah: 405 E Nichols Peak
Set atop a private mountain near St. George, Utah, this modern masterpiece captures spectacular 360-degree views. The home features a thoughtfully designed floor plan that creates an effortless flow between plentiful indoor entertaining spaces and luxury outdoor amenities. The surrounding grounds include a pool, spa, pickleball court, putting green and par 3 hole, water feature, and beautiful outdoor kitchen. Every aspect, from the views to the amenities, defines this as a once-in-a-lifetime architectural gem for a uniquely luxurious lifestyle.
405 E Nichols Peak Road, Washington, Utah | Offered at $6,950,000
Presented by our Sotheby's International Realty colleague, Thomas Wright
Great update!!
Sales Experience Manager
6 个月Great job Gregg and team! Thank you for keeping all of SF in the loop. Welcome to our newest neighbors!
Golden Gate Sotheby's International Realty
6 个月Love this Gregg! Interesting to hear you clients are coming back to the Bay. Your clients, April & John, have impeccable taste. I love their furnishings, art & sculptures. I may have to make a trip up there for a tour!