Greetings All,
Relationships.
The business of selling depends on them. Not only with clients and customers of course, but suppliers, manufacturers, distributors, contractors, sales personnel, the list goes on.
In real estate, we have relationships built with lenders, escrow workers, inspectors, sales reps, stagers, locksmiths and other vendors. We also rely on our office managers, support staff, marketing team, IT personnel, and fellow agents. In a competitive housing market as we have in the San Francisco Bay Area, every once in a while a good reputation and relationship will give you that little push to come out on top.
I’m fond of saying, “You think your career is about what you do, but it’s mostly about who you do it with. Teamwork makes the dream work”.
Over the past couple of weeks, as our City and businesses have opened up, I’ve taken advantage by attending our office re-opening with its full staff, had a fabulous visit with friends over the July 4th weekend whom I haven’t seen in over a year and a half, and patronized restaurants and stores I haven’t stepped foot in (other than the occasional takeout order) for months. I even went to my first movie at the Kabuki Theater! Does it matter that it was more forgettable than the popcorn? Not a bit.
I feel compelled to hug everyone, including strangers. I guess if you’re in a people business, it helps if you like people, lol.
In celebration of great relationships, to the people we’ll remember longer than anything we could physically possess, I’m spending this month’s Intro space expressing gratitude for some of my relationships, old and new.
First, I’m grateful for my wife Monica and son Marco, who came into my life a mere 7 years ago. Together with our two cats and brand new 10-year old dog, we’ve established quite the family unit. When things open up in Europe as they have here, we’ll look forward to visiting extended family and friends. I’m particularly thankful for Monica’s understanding and support of my long hours at work. It’s difficult to shut down completely, unless I’m out of the country, in which case…
I’ve got Natalie to cover. 13 years and going strong, I’m grateful for my business partner who helps make this job a manageable, fun one. I can commiserate and celebrate with my “office wife”, and it just wouldn’t be the same to do what I do without her. Natalie and husband John have just celebrated their 9th wedding anniversary.
A big thank you to Geneva Bumb Shanti, who joined us in 2016 as an assistant then associate, and has now joined another team as a full-time agent. Just as Geneva made the transition, we brought on team member Mo Salimi. I’ve known Mo for years, and when he recently got his sales license it didn’t take but a few conversations to have him join our team. On top of that, Virtual Professional Arwin Barrongo is a new hire, and he’s doing a smashing job of keeping this machine oiled and running smoothly.
To our clients, we treasure our friendships and working relationships with each of you. We do not exaggerate when we say it’s of utmost importance to us that you’re happy and living where you want to live. Helping you make a transition or find your place in the world is what our business is all about.
Till next month, be well, be safe and HAPPY RECONNECTING!
Till next month – Stay healthy, safe and sane.
Derek & Natalie, Mo and Arwin
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by Patrick Carlisle, Market Analyst for Compass Bay Area
July 2021
Partial year data for 2021 should be considered preliminary until full-year data is available.
This analysis reflects approximate year-to-year median dollar price changes for houses. On a percentage basis, the 2021 YTD change was 9% far below the 29% increase in 2000 (dotcom peak). The condo median sales price was basically flat from 2020 to 2021 YTD.
Click the above image or here for to view the entire report.
Tell us what you think! We’d love to hear from you.
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New Listings | Just Sold | Announcement
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Meet Steve and Vessela, clients we absolutely LOVED working with to find the very first home of their own. It was a tall order leaving a rent-controlled apartment that had a Golden Gate Bridge view, but we managed to find just the place! Wishing them many wonderful years, there.
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The next energy wave is fast approaching. Modern life, as we know it, will soon be fueled by clean energy. For investors, there are interesting opportunities in this transition over the coming decade. Batteries and carbon capture technologies. Batteries will help charge the future. Expect to see more cars, buildings, and aircraft powered by renewable energy sources as costs of battery technology continue to drop and batteries fuel more facets of our lives. Carbon capture technologies extract CO2 emissions and store them underground or reuse them to create cleaner products. These notes from MORGAN STANLEY with $1.24 trillion under management…..
The Fed – under Jerome Powell’s leadership that started in 2018 – signaled they expect to raise interest rates twice by late 2023, sooner than they anticipated in March, as the economy recovers rapidly from the effects of the pandemic and inflation heats up. 18 more months of super-low interest rates? I’ll take that! Some expect rates to rise sooner with rising inflation, an indicator of massive economic activity. We should be reminded that rates are at record lows…..
The extraordinary recovery of the U.S. economy is set to make the country the world’s top destination for overseas investment this year and next, with foreign businesses drawn by the prospect of a rapid and sustained rebound in consumer spending.
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Benchmark Mortgage Rate Drops to a Five-Month Low
Having inched back over 3 percent two weeks ago to a two-month high, the average rate for a benchmark 30-year mortgage has since dropped 12 basis points (0.12 percentage points) to 2.90 percent, which is 13 basis lower than at the same time last year, within 25 basis points of its all-time low and the lowest average rate in five months.
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As heat waves grow more severe in the Bay Area and the broader Pacific Northwest, these historically mild areas are ill-equipped to handle the onslaught of heat that is poised to come this summer — and likely future summers to come.
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A series of large-scale sculptures, inspired by environmental and cosmological phenomena, by international artists Olafur Eliasson, Teresita Fernández, and Anish Kapoor; ongoing. // SFMOMA, 151 Third St. (SoMa); advance tickets required for admission
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Aiming to prove that middle-aged dogs can learn new tricks, here’s a quick look at how we’ve adjusted to our current landscape for our selling clients. (Woof!)
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Visualizing your Upgrade:
Curious to know how Compass can transform a listing and improve its sale price?
Compass Lens uses Artificial Intelligence (AI) to visualize the potential of your space! See exactly the difference working with us can make.
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Virtual Property Presentations:
Sticking with what we’ve always done, we’ll provide Professional Photography & Videography, including Matterport 3D home tours, and a dedicated property website which includes all of this within the site.
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Video Creator:
We’re able to make quick (10 seconds or less) videos of our listings with essential details to our social feeds.
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Create a virtual open house experience using standard video from our phone:
We can record a Home Tour – more informal than a professional video, we’ll walk the property and show it as we would in a traditional open house, pointing out all of the features, opening closets and cabinets, send to prospective buyers and their agents, and be available for questions.
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Facetime or Zoom conferencing in the property:
As above but on a live feed that is mutually scheduled with prospective buyers and their agents. Offers a personal experience and 1:1 questions are answered.
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Dynamic Digital Brochures:
Home features will come to life inside this dynamic, digital brochure while creating an immersive experience for even the most discerning of buyers. Pages will turn and videos will play while allowing us to capture real-time data and actionable insights from potential buyers.
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Mobile Listing Ads:
We’ll run geo-targeted mobile ad campaigns to reach buyers in the right place, at the right time. Now more than ever, buyers and sellers are spending most (if not all) of their time at home. We’ll create a geofence around the neighborhoods where you’d like your ads to be seen. These ads will appear in mobile apps and will re-target viewers on their desktops and laptops.
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All of this is designed to bring proper exposure to our wonderful listings, and encourage eager buyers to make safe, virtual visits before making safe, in-person visits.
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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.
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Please let us know if you or a friend/colleague needs a fantastic agent in an area other than San Francisco. Through our network we can make the connections and introductions and help to find a perfect fit.
If you like what you have received, we encourage you to share it with your friends and follow us on Facebook & Instagram.
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© Compass 2021 ¦ All Rights Reserved by Compass ¦ Made in NYC
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 presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity.
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