April 2025

 

Greetings, All:

We have a new listing coming on the market very soon, the much-loved home of the Citret family for 71 years. To say matriarch Muriel Citret lived an incredibly full and productive life wouldn’t begin to adequately describe it. I was honored to attend her memorial service recently in a room packed with her friends and family. Those who spoke were all able storytellers, including Muriel’s great grandkids. Muriel lived to 106, so her great grandkids actually knew and spent quality time with her.

I’ve appreciated every memorial service I’ve attended. They can be sad occasions to be sure, but I always come away with a better sense of who that person was, and what kind of life they led, even those I’ve known or thought I’d known for years. And when you “meet” a person like Muriel Citret, you envy her family and friends and wish you’d had a chance to know her when she was here. Sometimes I convince myself I’ve learned from their example and will live better and make more of an impact on people around me in the years ahead. Wishful thinking.

I left the memorial service feeling almost unworthy to sell this house, the scene of momentous gatherings and celebrations. I’ll say one thing…if the karma of the previous family can stick to a house, the next owners are going to be very lucky people. And the very next time I step into 1480 Willard Street, it’s going to feel very different.

Till next month,

Derek, Emily, Natalie, Mo, Chrissie & Arwin

 

Market Report

by Patrick Carlisle, Market Analyst for Compass Bay Area

April 2025

It’s hard to know what to say regarding the staggering volatility and uncertainty that has recently characterized political and economic conditions, much less predict how they will play out over either the short or long term. As of the week ending April 4th, both consumer confidence and financial markets have seen enormous declines. Whether this will continue, or reverse direction is unknown: Policies, actions and reactions have been changing very quickly in 2025.

Team News

 

JUST LISTED

300 3rd Street, Unit 918

2 BD 2 BA 1387 SF (Approx) $995,000

JUST LISTED

401 Harrison Street, Unit 16A

1 BD 1 BA 840 SF (Approx) $950,000

JUST LISTED

601 Van Ness Avenue, Unit 501

1 BD 1 BA 749 SF (Approx) $495,000

IN CONTRACT

1207 Indiana Street, Unit 5

2 BD 2 BA 1467 SF (Approx) $998,000

in contract

200 29th Street, Unit 2

2 BD 3 BA 1294 SF $1,499,000

JUST SOLD

105 West Crystal Cove Terrace

2 BD 3 BA 1300 SF (Approx) $900,000

just sold

180 Clifford Terrace

0 BD 4 BA 5141 SF (Approx) $3,078,000

 

Did You Know?

* This is the NAHB breakdown of the cost of the average US house:

Total Construction Cost: $428,215 64.4%

Finished Lot (including financing cost): $91,057 13.7%

Financing Cost: $10,220 1.5%

Overhead and General Expenses: $38,248 5.7%

Marketing Cost: $5,633 0.8%

Sales Commission: $18,955 2.8%

Profit: $72,971 11.0%

* Four investor lessons from this past week:

1. Don’t bet against good companies.

2. Don’t expect certainty: expect drama.

3. Nobody ever made a dime panicking.

4. Bulls make money, bears make money: pigs get slaughtered. (CNBC)

* This is the biggest policy mistake in 95 years. The good news? I think the FED has to lower Interest rates as a result of this global shock. Yes there will be higher inflation. Trade is a much more important part of the global economy than it was 95 years ago, so the implications are far worse. If you are a longterm investor, these tariffs are not going to be forever. There will be brighter days to be sure.

– Jeremy Siegel, Wharton (CNBC).

 

Client Spotlight

Muriel Brody Citret – After she reached her eightieth birthday, Muriel often said she felt that all the days to come felt like gravy. Little did she know that she would experience twenty-six more years of “gravy;” twenty-six high functioning and independent years added to a life already long and exceptionally well lived.

Muriel Brody was born in Newark, New Jersey in 1918, into a close and loving extended family of immigrants who had escaped a life of poverty and the fear of pogroms in the Balkanized countries of Eastern Europe. She was the eldest of fourteen first cousins who loved reminiscing about gathering every day after school at their grandparents’ home while their parents were at work, determined to provide for their children a secure life and-most importantly-the education they were not able to have. They were remarkably successful in reaching these two goals, while at the same time providing endless memories of good times together, filled with laughter and plenty of feasting. She attended South Side High School in Newark where, at the very end of her senior year, she reconnected with Coleman Citret, a not especially close friend who had graduated from South Side the year before. That was the start of a seven-year courtship. In 1941 Coleman finished medical school, and they embarked officially on a long and fulfilling life together that continued until Coleman’s untimely death after forty-three years of married life. Muriel valued her education and always spoke of it warmly. She was a scholarship student at New Jersey College for Women-now Douglass College, the historically women’s college within Rutgers University-and was proud of having been elected to Phi Beta Kappa in her junior year. After graduation she could see that her Classics major was perhaps not as practical as she might have wished, and during the War, while Coleman was in the Navy in the European theater, she entered and graduated from Columbia University’s degree program in Architecture. She worked all her life in the field. She designed her last job, a much appreciated home remodel, when she was ninety-five!

Muriel and Coleman left the East Coast and settled in San Francisco in 1950. In 1953 the family, which now included daughter Erica and son Mark, moved into (1480 Willard Street) their beloved home of seventy-one years, where they thrived. One of their many interests led them in a wonderful and unexpected direction. Music had always played a huge part in their lives, and Coleman was a passionate amateur flutist. In 1959 he learned that Jean-Pierre Rampal, then well-known in the flute world but not yet as widely known as he would become, would be passing through San Francisco. He and another flute-playing doctor friend, Sidney Levin, were able to make contact, and invited Rampal and Robert Veyron-Lacroix, his keyboard friend and musical colleague, to a party at the Citret home. What followed was a lifelong friendship, and entry into the French and extended international flute world of joyous, inclusive, generous music making. How many young flute students, at the many music parties that followed at the house, were delightedly incredulous when Jean-Pierre handed them his gold flute and encouraged them to give it a go?!

Muriel, who had become a fabulous cook, supplied endless spreads of creative and delicious food at the flute parties, as well as at many gatherings of friends and family, inspiring one of her friends to label her the Universal Food Goddess. She continued to cook this way well into her nineties. She often said she could hardly believe, and found it ridiculous, that she was 106 years old (she was ninety-four when the accompanying photo was taken).

(Excerpted from Muriel Citret’s August 2024 obituary.)

 

News

 

Downtown San Francisco’s path to post-pandemic revitalization is long and winding, but amid the doom-and-gloom headlines, there’s been one undeniably bright spot: Downtown First Thursdays.

One of San Francisco’s most famous bars just received another prestigious accolade. Trick Dog, once dubbed one of the “World’s Best Bars,” was just christened a top-10 bar in the United States by Food & Wine.

 
 

Adames’ double down the left-field line scored Christian Koss and Patrick Bailey. Heliot Ramos later added a solo homer, his third of the year, and that was all Webb (1-0) would need. He held the Astros to just one run and five hits with six strikeouts and no walks.

 
 
 

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Since Compass launched in 2012, we’ve been simplifying the real estate process one community at a time. Today, we have more than 250+ offices extending from coast to coast.

 
 

The Dunn & Chin Group
Top 1% SF Realtors

Derek Chin DRE #: 00854466
Emily Dunn DRE #: 01424486
Natalie Rome DRE #: 01386654
Mo Salimi DRE #: 02128819
Chrissie Emmons DRE #: 01479221

M: 415.793.6734
dunn-chin@compass.com

 
Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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