TOP THREES
Your Quarterly Newsletter from Generation Real Estate

 

Hi there!

Welcome to our new quarterly newsletter from the Generation team at large! Every three months the eight of us are bringing you highlights from the market, our listings, and a neighborhood we love—all in the form of quick and digestible top-3 lists.

If there’s anything you’d like to see featured, please don’t hesitate to contact me at [email protected].


After months of uncertainty, the Great Rebound appears to be in full effect. Extremely low interest rates, the desire for outdoor space, and the potential reality of an enduring WFH scenario are driving a robust housing market throughout the Bay Area. In spite of an uncertain economy, most housing segments continue to show a price increase from last year. As the stats reveal, not all properties are faring equally well.

That is an all-time high for single family homes in San Francisco, driven largely by a tremendous rebound in the luxury segment. The modest 4% gain from last year is notably less than previous increases. Nonetheless, it demonstrates a recovery from the initial Shelter-in-Place dip. Oakland’s Median hit $1,000,000—a 15% increase from last year.
You can expect it to take 29 days to sell a condo in San Francisco right now. Remarkably, that represents a 107% increase from last year. Single-family homes have remained consistently strong, requiring 14 days to sell over the past year, even through the early Shelter-in-Place months. Several factors limit the desirability of a condo right now including shared elevators, limited indoor space, and HOA fees to pay for amenities that cannot be used.
More than half of single-family homes brought to market in Oakland are currently in contract—this in comparison to 33% for San Francisco. The percentage showcases a market segment’s absorption speed, and can be used as a proxy for the level of demand. As preferences move towards larger units and larger lots, communities further from the urban core demonstrate a higher absorption rate. Walnut Creek outperformed both cities, at 57%.

 

READ MORE
Bay Area Market Reports

 

San Francisco » Greater Bay Area » East Bay »

NEIGHBORHOOD SPOTLIGHT
Noe Valley’s Worldly Cuisine

Our office is in Noe Valley so we might be a little biased, but there’s a lot to love; while Noe increasingly calls to mind stroller brigades and young homeowners with IPO money, there’s more to this neighborhood than meets the eye—and mouth.
Here are three delicious local staples from whom you can currently order takeout while reading up on their storied histories: all are owned by non-white immigrants who bring rich culture and meticiulous technique to each and every dish.

 

MAHILA
Chef/Owner: Azalina Eusope

Mahila opened last year, the second venture by Azalina Eusope, a fifth-generation street vendor who grew up on Penang Island, Malaysia before bringing the mamak cuisine of her childhood with her to SF in 2001.
Azalina in the NYT »

MARTHA & BROS COFFEE
Brewer/Owner: Martha

After growing up on their uncle’s coffee plantation in Matagalpa, Nicaragua in the 1960s, Martha and her siblings brought that experience and craft to SF and small-batch coffee in 1987, and have been a staple here since.
Visit their website »

HAMANO SUSHI
Chef/Owner: Jiro Lin

Jiro Lin was born in Burma, trained for a decade in Japan, and then came to SF to work for Hamano, Hashiri, and Saison before returning to Hamano—and buying it. 95% of the fish comes from Japan, and his omakase is famous.
Jiro in the Chronicle »


TEAM LISTINGS
Currently Available

 

1945 Hyde St #7
Offered at $4,700,000

2BD, 2BA penthouse full of light, natural wood, and intriguing geometry in Russian Hill.
More »

871 Valencia St
Offered at $1,425,000

Spacious 2 BD, 1 BA with views of historic Valencia, Twin Peaks, and more.
More »

4273 25th St
Offered at $4,295,000

Custom-built Noe Valley home offering 4 bedrooms, 3 bathrooms & seamless indoor/outdoor living.
More »

 

TEAM LISTINGS
Recently Sold

 

869 Alvarado St
Sold: $4,525,000

Remodeled 4 BD, 3.5 BA home with a modern design and top-of-the-line finishes.
More »

540 De Haro St #203
Sold: $1,450,000

2 BD, 2 BA condo in one of 16 brand new luxury homes, featuring a walk-out terrace.
More »

1825 44th Ave
Sold: $1,825,000

Down-to-the-studs 4 BD, 3 BA remodel with ocean views, a coastal modern design, level yard, and 1-car garage.
More »

 

GENERATION is a licensed real estate broker (02014153) in the State of California and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. This is not intended to solicit property already listed.

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