Q1 INVENTORY SLOWS AS THE PACE OF HOME SALES PICKS UP
Bayview real estate has remained steady over the last 6 months. During the early days of the pandemic home sales slipped to just two home sales a month from May through August. The pace has since doubled and is currently holding steady.
SIX Q1 HOME SALES OVER $1M
- 1343 Palou Ave 4 Bed 3 Bath – $1,393,000
- 30 Hawkins Ln 3 Bed 2 Bath – $1,200,000
- 1013 Mendell St 3 Bed 2 Bath – $1,150,000
- 1572 Thomas Ave 2 Bed 2 Bath – $1,120,000
- 1352 Quesada Ave 3 Bed 2 Bath – $1,100,000
The last 3 months of Bayview home sales
# of Home Sold (down 15%)
Median Per SqFt (Up 4.82 %))
$ 0 .50
Days On Market (Down 6.9 %)
Q1 Bayview Single Family Home Prices
$ 0 K
$ 0 .1K
$ 0 .393M
Q1 Bayview home sales have seen a small drop in closures and a marginal uptick in both average price per square foot and the speed in which homes are closing.
On average homes closed 6.47 % over asking with some notable outliers:
30 Hawkins Lane closed 25% over asking for $1.2M.
1343 Palou Ave and 1563 McKinnon Ave closed 20% over asking $1.393M and $960K respectively.
2020 was by far one of the strangest years on record. In terms of real estate the early part of 2020 brought sales close to a grinding halt. Since then we have seen the Bayview real estate market gain traction and make up for the quiet early months of 2020.
On average Bayview homes sold 1.03% over asking.
We saw some noteworthy overbids in Q4 2020:
1562 Innes Ave was listed at $699K and sold 25% over asking.
I’M INTERESTED IN A CUSTOM MARKET ANALYSIS FOR MY HOME
WE ARE THE #1 BAYVIEW DISTRICT MOTHER/DAUGHTER TEAM
Jennifer Burden and Carren Shagley love and understand the nuances of Bayview real estate unlike any other. Carren and Jennifer moved to the Bayview neighborhood in 2016.
Jennifer has fond memories of growing up in San Francisco when many of the streets remained unpaved. Fast forward and the real estate duo have helped hundreds of San Francisco buyers and sellers achieve their home ownership goals. On average Legacy Real Estate client’s homes were on the market for as little as 11 days and secured a healthy 17.5% over listing price. If you are thinking of buying or selling in San Francisco or if you know someone that is – be sure to ask for references or check out our online reviews.
WHY HIRE US?
As one of the most experienced real estate teams in the Bayview district, Jennifer and Carren know how important it is to understand the local market dynamics. In an environment such as the present one, in which homes go quickly and prices are rising, buyers and sellers need the expertise of the most skillful agents to navigate the local market waters with the most up to date information.
Legacy Real Estate will:
- Spend the time to fully understand your priorities
- Prepare a custom market analysis of recent neighborhood sales
- Advise you on pre-sale inspections
- Represent you with all parties
- Guide you through disclosures
- Negotiate artfully on your behalf
- Provide a complete file at closing
We stand by our work and our commitment to helping our community reach their goals of homeownership. Reach out to us today with any questions and find out for yourself why so many others have put their trust in Legacy Real Estate.
580 4th St, San Francisco, CA 94107