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Pacific Edge Real Estate - In the Top 1% of San Francisco Agents

SFMTA claims that their recent survey indicates residents are in favor of making some Slow Streets permanent, but they are yet to pass the pudding around for proof. Granted, they have reduced fatal car accidents, even made car light areas feasible in densely populated cities like San Francisco. But, can these be made permanent without broader consensus and dialogue with the residents? That answer is a definite “no”. On the brighter side, they nicely fit into the discourse of sustainability and equity – two major social issues that have incredible relevance in today’s times.

Back when the San Francisco Municipal Transportation Agency (SFMTA) incorporated ‘Slow Streets’ into the city’s landscape, it was a reaction to the changing times. Twenty- five temporary Slow Streets came into existence, giving residents access to improved socially distanced essential travel. The concept was initially met with some backlash but eventually gained immense community support. Now that the COVID-19 pandemic has meandered halfway into 2021, authorities are considering dropping the temporary tag from three different Slow Streets. The fate of Page Street, Shotwell Street, and Sanchez Street hangs in the balance.

The fact remains that Slow Streets aren’t suitable for all neighborhoods. For some of these to become permanent requires a deep and nuanced understanding of the vicinity, its socio-political temperament, and the urge to do something holistic for the community.

In the end, the concept of Slow Streets must incorporate inclusivity, diversity, and sustainability to its very core to be truly successful. Yes, it will change the urban landscape in more ways than imaginable – but this change will be a good one. Or so we hope. Have a blast of a weekend and do tell us your opinion on this change to the city’s landscape!

270 Sadowa had been a steadfast multi-generational home for over 25 years. It was the site of playful sleepovers, festive birthday parties, and countless family dinners. After all those years of hard work, this mid-century lady was tired and in need of an upgrade! A major home makeover was needed before she was ready for her “For Sale” debut.

The lovely owners put their trust in us to spearhead a big transformation. What a difference a couple of months makes! After some TLC and a beautifully executed vision, this Oceanview home was ready for her time to shine in the spotlight. Check out this stunning home makeover!

A little paint touchup can make a big difference! Fresh trim, painted gate, and upgraded fence gave this beauty a glow up from the outside!
Wow! What a difference knocking down a wall makes! New open layout in the living room creates an airy space to entertain guests or just relax. Built in shelving creates storage that is both space efficient and chic!
A bright pop of color on the door and new sparkling string lights make this casa shine!
Look at this yard transformation! Large flowerbeds with planted veggies and flowers make this a gardening delight! An upgraded patio and hanging string lights create a warm, inviting, space to entertain!
New lighting & updated countertops make this kitchen a beautiful space to cook and entertain!

And they lived happily ever after. This beauty was presented by Cynthia Pagán. With a sales price of $1,425,000, this was a huge success story and the renovations were a fantastic ROI for our clients! 

Thinking of selling your home but overwhelmed by a list of needed upgrades? Contact us to learn how you can get a chic home makeover and get your home lovely and market ready!

Market Focus

School’s out for the summer, and as vaccination rates rise and America enters a new normal, the U.S. housing market continues along at a frenzied pace, with low interest rates and limited inventory fueling record high sales prices. May saw the median existing-home sales price exceed $350,000, a 24% increase and the largest year-over-year increase since 1999, according to the National Association of REALTORS®. Eager buyers are making multiple offers, some for well over asking price, while others are making offers on homes sight unseen.

New Listings were down 31.2 percent for single family homes and 41.3 percent for Condo/TIC/Coop properties. Pending Sales increased 17.2 percent for single family homes and 57.7 percent for Condo/TIC/Coop properties.

The Median Sales Price was up 12.1 percent to $1,940,000 for single family homes and 2.0 percent to $1,250,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 59.1 percent for single family units and 57.7 percent for Condo/TIC/Coop units.

The increase in sales prices comes with a slight decline in existing home sales nationwide, as homebuyers struggle with declining affordability amid a lack of inventory, forcing some buyers to simply wait it out in hopes of more inventory and less competition. Meanwhile, home builders are trying to meet the increased market demand, with housing starts up 3.6% in May from April, according to the Commerce Department. As we ease into new routines and look forward to a post-pandemic future, one thing remains certain: America desperately needs more homes.

Read the entire MLS report here

If you see Realtors gleefully twirling and skipping through the streets , it’s because open houses in San Francisco are officially legal again. For the first time in over an entire year, it’s back to (almost) business as usual. If you’re shopping for a home, your life just got a HECK of a lot easier. If you’re a classic “looky-loo” (no shame in that game), you can once again spend weekends cruising through kitchens and baths to your HGTV-heart’s content. This is an exciting time for home buyers and agents alike- and we can’t wait to have you pop in!

Hot Tips: The SF real estate community has been trying to move open house hours from 2-4PM to earlier slots like 11AM – 1PM. The idea is to free up some weekend time for buyers and agents alike. So be sure to check the times carefully before you go-they can vary! As the city has opened back up and life has returned to (mostly) normal, open house rules and restrictions have, for the most part, dropped. However, masks are still the dress code du jour, so be sure to bring yours along with you for the house hunting journey! A last big update, is that the state has dropped the paperwork/waiver requirements as previously enforced for entry. No more pesky paperwork upon your arrival, means more time to focus on the ins and outs of the home itself and focusing on finding the home of your dreams!

If you’re looking to pop into some open houses in San Francisco this weekend, check out our property page for some great options! You know you love to look….

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