Just Listed For Lease!

For $3,000 per month, this wonderful corner unit located in the heart of downtown can be yours!

Get ready to fall in love with this bright and fun 1Br/1Ba + office at the One Hawthorne. Built in 2010, this coveted corner unit is characterized by a spacious open floor plan, floor to ceiling windows on two sides, lots of wall space for art, and stylish wood floors throughout. Enjoy cooking and entertaining in a sleek open kitchen with high-end Bosch stainless steel appliances,  including gas range, handsome gray quartz counters with breakfast bar, and Studio Becker soft close cabinetry. There is a spacious bedroom, large bathroom, in-unit washer dryer, and additional den space that could be used as a home office or child’s play area. One Hawthorne is a well maintained building with great amenities, including  24-hour staffed lobby, valet parking and on-site management. Offering a fitness center with cooling deck, bicycle storage, and impressive roof deck that has a deluxe barbecue, dining and lounge areas.  Close to wonderful cafes, shopping, theaters and nightlife easily.  Enjoy living in the center of the city near the new SF MOMA, Metreon and Yerba Buena for the Arts. Close to BART, MUNI and freeways.

February 2021 Market Activity

Check out market activity from February!

While there is a decrease from previous years in New Listings, the number of pending sales is up by 51.6% compared to the previous year and sold sales is increased by 35.2%.
Looking at this February compared to past years, the number of condos/TIC/coop on the market has decreased by 16.7%. If you thinking of selling, now could be the time with a decreased number of condos on the market.
The number of pending condo/TIC/coop sales has skyrocketed this February compared to previous years, explained by the current hot real estate market.
The number of sold listings was increased for February, again explainable by the increased market activity in recent months

The real estate market, specifically focusing with condos, tic, and co-ops for February continues to be hot. In the past few months, the market has seen much increased activity with the number of pending and sold sales. If you are considering buying or selling your condo or home, there is no better time than now! Feel free to reach out to discuss the current market, or for any advice!

Sources: San Francisco Association of Realtors

How to Make a Winning Offer on a Home?

Today’s homebuyers are faced with a strong seller’s market, which means there are a lot of active buyers competing for a relatively low number of homes and condos available. As a result, it’s essential to understand how to make a confident and competitive offer on your dream home. Here are five tips for success in this critical stage of the homebuying process.

  1. Listen to your Real Estate Advisor

An Article from Freddie Mac gives direction on making an offer on a home. From the start, it emphasizes how trusted professionals can help you stay focused on the most important things, especially at times when this process can get emotional for buyers:

“Remember to let your homebuying team guide you on your journey, not your emotions. Their support and expertise will keep you from compromising on your must- haves and future financial stability.”

2. Understand Your Finances

Having a complete understanding of your budget and how much house you can afford is essential. The best way to know this is to get pre-approved for a loan early in the homebuying process. Only 44% of today’s prospective homebuyers are planning to apply for pre-approcal, so be sure to take this step so you stand out from the crowd. Doing so make it clear to sellers you’re a serious and qualified buyer, and it can give you a competitive edge in a bidding war.

3. Be Prepared to Move Quickly

According to the latest Realtors Confidence Index from the National Association of Realtors (NAR), the average property sold today receives 3.7 offers and is on the market for just 21 days. These are both results of today’s competitive market, showing how important it is to stay agile and alert in your search. As soon as you find the right home for your needs, be prepared to submit an offer as quickly as possible.

4. Make a Fair Offer

It’s only natural to want the best deal you can get on a home. However, Freddie Mac also warns that submitting an offer that’s too low can be lead sellers to doubt how serious you are as a buyer. Don’t make an offer that will be tossed out as soon as it is received. The expertise your agent brings to this part of the process will help you stay competitive: “Your agent will work with you to make an informed offer based on the market value of the home, the condition of the home and recent home sales prices in the area.”

5. Stay Flexible in Negotiations

After submitting an offer, the seller may accept it, reject it, or counter it with their own changes. In a competitive market, it’s important to stay nimble throughout the negotiation process. You can strengthen your position with an offer that includes flexible move-in dates, a higher prices, or minimals contingencies (conditions you set that the seller must meet for the purchase to be finalized) Freddie Mac explains that there, are, however certain contingencies you don’t want to forego: “Resist the temptation to waive the inspection contingency, especially in a hot market or if the home is being sold as-is which means the seller won’t pay for repairs. Without an inspection contingency, you could be stuck with a contract on a house you can’t afford to fix.”

Bottom Line: Today’s competitive market makes it more important than ever to make a strong offer on a home. Let’s connect to make sure you rise to the top along the way.

Where Have all the Houses Gone?

In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of recording- low mortgage rates and purchases a home, housing inventor dropped even further. Experts consider this to be the biggest challenge facing an otherwise hot market whole buyers continue to compete for homes. As Danielle Hale, Chief Economist at realtor.com explains:

“With buyers active in the market and seller participation lagging, homes are selling quickly and the total number available for sale at any point in time continues to drop lower. In January as a whole, the number of for sale homes dropped below 600,000.

Every month, realtor.com releases new data showing the year- over-year change in inventory of existing homes for sale. As you can see in the map below, nationwide, inventory is 42.6% lower than it was at this time last year:

Where Have All the Houses Gone? | MyKCM

Does this mean houses aren’t being put on the market for sale?

Not exactly. While there are fewer existing homes being listed right now, many homes are simply selling faster than they’re being counted as currently inventory. The market is that competitive! It’s like when everyone was trying to find toilet paper to buy last spring and it was flying off the shelves faster than it could be stocked in the stores. That’s what’s happening in the housing market: homes are being listed for sale, but not at a rate that can keep up with heavy demand from competitive buyers.

In the same realtor.com report, Hale explains:

“Time on the market was 10 days faster than last year meaning that buyers still have to make decisions quickly in order to be successful. Today’s buyers have many tools to help them do that, including the ability to be notified as soon as homes meeting their search criteria hit the market. By tailoring search and notifications to the homes that are a solid match, buyers can act quickly and compete successfully in this faster- paced housing market.”

The Good News for Homeowners

The health crisis has been a major reason why potential sellers have held off this long, but as vaccines been more widely available, homeowners will start making their moves. Ali Wolf, Chief Economist at Zonda, confirms:

“Some people will feel comfortable listing their home during the first half of 2021. Others will want to wait until the vaccines are widely distributed.”

With more homeowners getting ready to sell later this year, putting your house on the market sooner rather than later is the best way to make sure your listings shines brighter than the rest.

When you’re ready to sell your house, you’ll likely want to sell as quickly as possible, for the best price, and with little to no hassle. If you’re looking for these selling conditions, you’ll find them in today’s market. When demand is high and inventory is low, sellers have the ability to create optimal terms and timelines for the sale, making now an exceptional time to move.

Bottom Line

Today’s housing market is a big win for sellers, but these conditions won’t last forever. If you’re in a position to sell your house now, you may not want to wait for your neighbors to do the same. Let’s connect to discuss how to sell your house safely so you’re able to benefit from today’s high demand and low inventory.

Luxury Condo for Lease at Mission Bay

110 Channel Street #531, San Francisco – $3,600

Located in a brand-new building in the heart of San Francisco’s vibrant Mission Bay neighborhood, this bright and modern junior 1 bedroom, 1 bathroom condo offers impeccable style. As the home’s very first resident, you’ll enjoy luxurious designer living.

The open floor plan showcases a spacious living room with a wall that offers separation from the bedroom. There is ample cabinet and counter space; the new refrigerator and dishwasher are cleverly concealed behind wood panels. In-unit laundry and 1-car parking complete the home.

One Mission Bay affords residents the utmost in luxury living. The last condo building to be built directly on the channel, One Mission Bay’s residents have some of the area’s best views and best park access. Nothing else compares to being directly next to the water and overlooking AT&T Park. The building offers numerous amenities including a 24-hour doorperson; an outdoor heated pool; resident dining and lounge areas; a large terrace with a fire pit, cabana, barbecues, and outdoor dining; a state-of-the-art fitness center; a business center and library with private meeting rooms; a reservable guest suite; and an adjacent hotel.

Thriving Mission Bay continues to be one of the most up-and-coming neighborhoods in the city with significant corporate investment, family-friendly playgrounds, and soon-to-be completed the Exchange offering world-class shopping, retail, and office space. You are close to Spark SF, Reveille Coffee Co., and the Market Hall. Public transit abounds in this area, making your commute a breeze. A UCSF campus, the Warriors’ basketball stadium site, and AT&T Park are minutes away, adding a unmatched level of energy and vitality to the area.

  

Address: 110 Channel Street #531
Community: One Mission Bay
Neighborhood: Mission Bay
City: San Francisco
Bedrooms: Jr 1 BR
Bathrooms: 1 BA
Style: Condo
Parking: Assigned
Security Deposit: 1.5 Months
Lease Term: 1 Year
Asking Rent: $3,600