May 2025

 

Greetings, All:

Many of you know that my real estate journey began over 30 years ago—but the story really starts well before that. In 1954, my grandfather opened Dick Chin Realty right in the heart of San Francisco’s Chinatown. He built a business that combined real estate and insurance sales, and later passed it on to my father, Richard, who carried the torch with pride.

Encouraged by a friend, after college I decided to get my real estate license—and never looked back. Three generations of Realtors in San Francisco, all doing business in much the same way: meet with a client, show them homes or list theirs for sale, coordinate with the bank and title company, and close the deal.

Back in my grandfather’s day, offers were sometimes scrawled on restaurant napkins and finalized with a quick phone call to a lender. Deals were made with a handshake, and the paperwork came after. When I started out, contracts had evolved to a single page. If I was representing a buyer, I’d fill in the blanks, have the client sign, and then drive across town to personally present the offer to the listing agent and seller.

I’d wait in the office lobby, then head into the conference room to make my pitch. If the offer was accepted, I’d stick around while the paperwork was signed. If not—or if other offers were in play—I’d drive back to my office and wait by the phone. No cell phones. No fax machines. Just handwritten messages from the receptionist left neatly on our desks.

Finding listings meant flipping through the MLS book—a hefty, encyclopedia-sized volume delivered monthly. Black-and-white exterior photos and brief descriptions were all we had to work with.

And staging? It wasn’t a thing. Buyers saw homes exactly as the sellers lived in them. I’d gently suggest taking down family photos and clearing the surfaces of excessive tchotchkes, but not everyone listened. Sometimes, a room remained just as cluttered as it began—despite my best efforts.

Flash forward to 2016. Natalie, Emily and I were swayed by Compass CEO Robert Reffkin to join this new real estate startup. “If Apple decided to go into real estate, what would that look like?”

In short order, Compass became the nation’s leading real estate company, and we’re very proud to have witnessed this growth from the get-go. And here, ladies and gentlemen, is what Compass is rolling out now. May I introduce…Compass One.

“Buying, selling, or renting a home can be stressful and confusing – but it doesn’t have to be. Compass One is the first-ever, all-in-one client dashboard designed to keep agents and clients seamlessly connected before, during, and after every transaction – all within the Compass platform. Compass One showcases our value well beyond facilitating transactions: it reinforces your agent’s role as trusted, full-service real estate advisors, providing clients with expert guidance at every stage of homeownership. It starts with a first-of-its-kind client dashboard that puts everything you need – exclusive Compass listings, essential documents, key resources, and a seamless step-by-step timeline – right at your fingertips. Whether you’re buying, selling, or renting, Compass One keeps you informed, empowered, and supported at every stage of homeownership.”

Click on the link and check out the video. Pretty, prettyy, prettyyyy pretty neat — Compass One.

We’re excited to implement Compass One moving forward. Naturally there will be a learning curve, but wowza, this is definitely not my granddad’s real estate business.

Till next month,

Derek, Emily, Natalie, Mo & Arwin

 

Market Report

by Patrick Carlisle, Market Analyst for Compass Bay Area

May 2025

While most of the Bay Area saw significant shifts to more uncertain and uneven markets in April, the SF house market remained characterized by robust demand, though its condo market remained much softer. However, there were indications of increased hesitancy among some buyers as they tried to come to terms with new economic uncertainties both personal and macroeconomic.

Team News

 

JUST LISTED

601 Van Ness Avenue, Unit 501

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

JUST LISTED

2295 Vallejo Street, Unit PH1

2 BD 1.5 BA 915 SF (as per tax record) $1,395,000

IN CONTRACT

1653 17th Avenue

2 BD 1 BA 1525 SF (Approx) $1,395,000

IN CONTRACT

300 3rd Street, Unit 918

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

IN CONTRACT

1480 Willard Street

4 BD 3 BA 2581 SF (Approx) $2,495,000

JUST SOLD

380-382 Day Street

5 BD 3 BA 3316 SF (Approx) $1,395,000

JUST SOLD

401 Harrison Street, Unit 16A

1 BD 1 BA 840 SF (Approx) $900,000

JUST SOLD

1207 Indiana Street, Unit 5

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

JUST SOLD

200 29th Street, Unit 2

2 BD 3 BA 1294 SF (Approx) $1,490,000

JUST SOLD

393 Corbett Avenue, Unit A

2 BD 3 BA 1640 SF (Approx) $1,685,000

JUST SOLD

648 Vermont Street

3 BD 1 BA 1245 SF (Approx) $1,395,000

 

Did You Know?

** What are the TOP 10 things to do when selling your home? First, contact a professional real estate agent/advisor: they’ll take care of the other 9!

** Canadians are the largest cohort of foreign US property owners. Most of the properties held by Canadians are vacation homes, rather than primary residences. They own mostly in Phoenix, AZ, which takes the top spot, and Florida. Of all homes owned by Canadian Snowbirds in the US, around 27% are in Florida, followed by 11% in each of California and Arizona. Many of Florida’s coastal cities are popular with Canadians, from Sarasota to Naples to Miami. (www.home-economics.us)

 

Client Spotlight

After 70 years in the same loving hands, this cherished family home has found its next chapter. We have been honored to guide the sellers through the process —with 10 offers and a heartfelt decision, they can now exhale, knowing the torch is being passed to new owners ready to make their own memories. We are so grateful to be a part of this meaningful transaction.

 

News

Over the next 60 years, Scoma’s would grow into a massive, 350-seat tourist destination and celebrity haunt — Brad Pitt, Jennifer Aniston, Michael Jordan and members of the band U2 have dined there.

 
 

Late in the San Francisco Giants’ 3-1 win over the Cubs on Wednesday, outfielder Heliot Ramos made a weird gesture in the outfield.

 

Maximize the value of your home with Compass Concierge.

 
 

A Nationwide Network

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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