Hope you have been enjoying the beautiful fall weather! The IPO market has cooled considerably, and the trade wars with both Europe and China have added to buyer hesitation. In addition, the market typically slows and home sales generally decline this time of year. But on the other hand, San Francisco’s median sold price for condo/loft/TIC’s hit another new high - $1,272,500, just a couple thousand above last month’s $1,270,000.
In this month’s newsletter:
First look at The Grand Penthouse at 181 Fremont, SF's Second Most Expensive Penthouse Listing
Mission Rock Development Insider - Breaking Ground in the Next Few Months
Why You Should Capitalize on Mission Bay Real Estate
Bridge Loan Financing - This bridge loan allows the homeowners to access the equity in their home and use that money to help buy their new home
Listings and Off-Market Offerings by Mia Takami Real Estate Group
October Market Update
Scroll down to view my funniest real estate moment at our Q&A at the end!
Hope you enjoy the read.
Exclusive Look at 181 Fremont
Our team had the pleasure of touring San Francisco's second most expensive penthouse privately at 181 Fremont. It is a full floor residence on the 69th floor with a panoramic 360° view of the entire city listed at $46 million. It was designed by Hornberger + Worstell and comes fully furnished with interiors by Mary Ta and Lars Hypko, who have designed homes for Elon Musk and Jay-Z. The title for most expensive listing is hot right now as the Four Seasons penthouse released their pricing at $49M, bumping 181 Fremont's Grand Penthouse to second.
4 Bedrooms + Den
Only 55 residences are offered in this new condominium:
2 bedroom residences range from 1,262 to 1,748 square feet, priced from $2,970,000
2 bedroom plus den residences range from 1,602 to 2,226 square feet, priced from $3,760,000
3 bedroom residences range from 1,841 to 2,380 square feet, priced from $5,630,000
Half-Floor Penthouse residences are 3,199 & 3,256 square feet, priced from $15,000,000
Sky Lounge - The amenity floor features a wrap-around observation terrace, two lounges including one with a piano bar, fitness center with yoga room, catering kitchen, and conference room
Private sky bridge to the Salesforce Park
Internationally recognized art by contemporary artists
Call 415.728.2596 for a Personalized Private Tour & Resale Value and Comparative Market/Property Analysis.
Don't forget to download a free digital copy of our 2019 Mid Year Condo Report below
The massive 28 acre development known as Mission Rock has been in the makings for over a decade and is set to break ground early 2020. Mission Rock Partners is a joint venture between the San Francisco Giants and Tishman Speyer, as they plan to redevelop and transform Oracle Park’s parking lot into an enhanced neighborhood experience. "Mission Rock will be the place to live, connect, do business, meet up, get active, relax, chase dreams and watch tails wag."
74% of San Francisco voters approved the Mission Rock project
2,700,000 square feet of residential, office and retail space
8 acres of new parks and public open space
1200 new rental homes 40% affordable to low and middle income individuals and families
Capitalize on Mission Bay Real Estate
Median sales price for Condo/Lofts/TICs is up 17.7% from last year. Mission Bay prices will continue to appreciate as the Mission Rock neighborhood develops over the next five years. Call us to find out how much appreciation you have in your property or if you are considering investing in Mission Bay. We would love to be your valuable source of expert knowledge of local market trends in your neighborhood, and present you with off-market / pre-market opportunities through our network of buyers and sellers.
You may have heard that Compass is now offering "Compass Bridge Loan Services". We are excited to announce that we have partnered up with Jason Yui at Supreme Lending to provide our clients with bridge loan services too. This allows homeowners to access the equity in their home and use that money to help buy their new home! This loan is then paid back using the proceeds from the sale of the homeowner’s existing home.
Call us for more info. We have a solution for you!
The IPO market has cooled considerably, and the trade wars with both Europe and China have added to buyer hesitation. In addition, home sales typically decline this time of year.
On the other hand, San Francisco’s median sold price for condo/loft/TIC’s hit another new high - $1,272,500, just a couple thousand above last month’s $1,270,000. Sold price per square foot is off only slightly from its peak of $1,166 in July to $1,163. The number of new listings usually spikes in September, as properties are released to the market to meet buyers returning from Summer vacation. However, new single family home listings were down 22% compared to 2018. Sales were also down, by 4.9%. Condo/loft/TIC’s sales were also down, off a stiff 12%.
Q: Do you have a funny real estate moment? A: I was walking past one of my listings recently and noticed we have a googley eyed monster on the loose! We are still searching for the culprit! Whoever did this, please come forward! At the end of the day, you can't take life too seriously so I chose to laugh 😂
Q: What is your favorite food? A: Anything with sweet cream on it! Cream puff or a drink with fresh cream.
As you know real estate is all about relationships. Please keep me in mind if you or any family and friends are considering buying, selling, or investing. I'd love to be your go-to agent! Contact me for info on my exclusive referral program.