July San Francisco Market Update - Marker Luxury Properties

With 2021’s historically low-interest rates quickly becoming a distant memory, the market is beginning to shift. Between March and April, 100 fewer local listings went into contract. Still, while higher interest rates and a volatile stock market may be leading some potential buyers to temporarily put their plans on pause, the local market remains highly active, with new opportunities continuing to open up.

According to Realtor.com, the San Francisco metro area experienced an increase in active listings of 32.5% from May 2021 to May 2022, with new listings increasing by 2% in the last few weeks. As inventory expands, home buyers will encounter more opportunities and less competition when making offers on homes. As a result, this summer may be a great time for buyers who failed to close deals in 2021 to finally break into the local market.

As always, we’re here to help you navigate the market. If you have any questions, please feel free to reach out to us at MarkerLux.

SAN FRANCISCO MARKET UPDATE – JULY 2022

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Bernal Heights, Inner Mission, Mission Bay, Potrero Hill, Soma, Yerba Buena, South Beach, Central Waterfront/Dog Patch

Financial District/Barbary Coast, Nob Hill, North Beach, Russian Hill, Van Ness/Civic Center, Telegraph Hill

Marina, Pacific Heights, Presidio Heights, Cow Hollow

Anza Vista, Hayes Valley, Lower Pacific Heights, Western Addition, Alamo Square, North Panhandle

Glen Park, Haight Ashbury, Noe Valley, Cole Valley, Parnassus Heights, Buena Vista/Ashbury Heights, Calderon Heights, Duboce Triangle, Eureka Valley/Dolores Heights

Forest Hill, St. Francis Wood, Miraloma Park, Forest Hill Extension, West Portal

Central Richmond, Inner Richmond, Jordan Park/Laurel Village, Lake Street, Sea Cliff, Lone Mountain