Welcome to John DiDominico's Tales From San Francisco's Real Estate Trenches
In this week's edition, John shares a feel-good investment story about 464-498 Bartlett, market statistics, a heads up about a hot new Richmond property coming to market in June, and more!
A Feel-Good Investment Story: Bartlett Property Yields A 500% Price Appreciation
As a San Francisco real estate expert, I find few things more rewarding than watching my clients thrive.
Over the years, I have met some fantastic people. I am fortunate to have worked with many throughout their lives – helping locate and land a piece of real estate, then later sell and market the property.
The story of my client Fish Tate and 464-468 Bartlett Street is an inspiring example...
The Story Behind The Beautiful Edwardian Home at 856 Clayton Street
In 1979 a young San Francisco public school teacher and her husband were looking for a home to buy. They fell in love with the house at 856 Clayton - its beautiful Edwardian architecture and the idyllic street lined with lovely homes.
The neighborhood, at that time, was slightly edgy and even a bit rowdy – an echoed refrain of the 1960s Haight Ashbury counter-culture. But the space, style, culture, and prized Redwood tree in the backyard suited perfectly...
Interest Rates & Housing Costs: A Look At San Francisco Real Estate
As we move into the heart of the Spring selling season, it's key to keep a pulse on the local market dynamics.
While interest rates may be up, we are still in a "seller's market." Per Freddie Mac, on March 31, 2022, the weekly, average, 30-year interest rate was 4.67%, up 50% from 3.11% on 12/30/21. The low of 2.65% occurred in January 2021. In November 2018, the rate was 4.94%.
As of April 1, 2022, the number of active/coming-soon listings posted to MLS equaled two months' supply of inventory compared to 12 months' sales. Generally speaking, under three months of inventory is typically considered a "seller's market."
Tickets For Outside Lands Go On Sale Today + Noodle Fest Is Back!
If you are a fan of San Francisco's festivals, concerts, and unique events like I am, here are two worth noting:
The Outside Lands: The 3-day Golden Gate Park festival is always a good time! Tickets go on sale today. Check out the lineup at sfoutsidelands.com.
Noodle Fest: Returning after a 10-year hiatus, Noodle Fest is a food festival and friendly culinary battle between Chinatown and North Beach. So, grab your "noodle passport" and sample yourself silly on Sat, April 30th. Go to noodlefest.com for info.
ARE YOU THINKING ABOUT BUYING, SELLING, OR INVESTING?
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