Greetings, All!
The other day, as I reveled in the San Francisco Giants’ National League West title win, the first since 2012, I thought about the catchword that has become their battle cry this season – “Resilient”. Resilient is the ability to withstand or recover quickly from adversity. Giants Manager Gabe Kapler used “resilient” to describe the team’s grit and hustle, and their willingness to battle to the final out. Sure enough, many of our victories happened in the late innings, as we came from behind in more torturous games than I can remember.
Well, “Resilient” now stands for more than our team on the field. Resilient epitomizes the brave people of the Bay Area: the front line workers, the local businesses, the teachers, the healthcare workers and first responders that have struggled and persevered throughout the pandemic. The past 18 months during this COVID pandemic have been easy for no one, and obviously much more difficult for some than others. But as a group, we masked up, got vaxxed, remained socially distant, and thought about the collective good rather than just of ourselves.
And now, as we we enter the last quarter of the year, as we see solid evidence that this pandemic is declining after a recent surge, as we see the economy grow and improve and re-employ those who lost jobs, we can move forward with optimism, support one another and heal and recover from a moment in time we’d all rather forget.
Oh, and…GO, GIANTS!!!
Till next month – Stay healthy, safe, and sane.
~ Derek & Natalie, Mo, and Arwin
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The inventory of condo listings on the market has been soaring, and price reductions are heavily concentrated in the condo market.
Hundreds are still selling each month and that number has been rebounding in the last couple of months – but increases in supply continue to outpace demand.
Within the condo market, the high-rise segment appears to be the weakest, almost certainly due to pandemic-related reasons.
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New Listings | Just Sold | Announcement
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The Wongs were referred to us by one of our most favorite, long-time clients. We were delighted to help them purchase a home they’d been renting in the Sunset District for the past 8 years, and even more pleased to help them buy it for well under fair market value! This very active family of four now has a home they love and will enjoy for many years to come.
“Derek and Natalie are an absolute pleasure to work with. They are very responsive and professional,…have a calm demeanor that helped me and my husband tremendously at the most stressful time…Home buying is stressful, and they helped us navigate through some tough decisions and information that we truly couldn’t understand. Thank you, Derek & Natalie.”
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* A truly practical approach to making the best use of time demands that we stop trying to deny the undeniable, acknowledging not merely that we might not get around to everything but that we never will. That we’re guaranteed to have to abandon certain ambitions, disappoint certain people and drop certain balls to make time for doing a few things that count. (FT)
* In California Senate Bill 9 makes it possible to build more than one housing unit on land that was previously designated for only one unit. SB 10, allows for denser development near public transit corridors, such as bus and train lines…..zoning that allows more density is supposed to bring down property prices…..Nearly two-thirds of all homes in California are single-family. Compared to roughly 42% in New York State. In 50 years, California’s population has doubled, now more than all the population of Australia or Canada…and its economy is about the size of France’s! (LA TIMES)
* California is experiencing another kind of traffic jam….in the ocean. Hundreds of thousands of containers on ships await docking as the infrastructure struggles to keep up with the surge in demand for imported goods that land in Los Angeles and Long Beach from the Far East. The congestion this year has been caused by a surge in imports as consumer demand in the U.S. has shifted away from services to goods and home improvements and retailers have rushed to restock inventories that were depleted last year in the early months of the pandemic. The ripple effects of those months are pretty astounding! In 2020 Los Angeles and Long Beach ports handled the equivalent of 8.8 million loaded import containers, more than double the 3.9 million loaded boxes that arrived at the nation’s next busiest port at New York and New Jersey.(WSJ)
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Rents in San Francisco Tick up but Still Depressed
The weighted average asking rent for an apartment in San Francisco has ticked up 1.6 percent since the end of August to $3,425 per month. Our analysis is based on a subset of (well) over 100,000 listings going back to 2004 that we maintain, normalize, and index on a monthly basis. And as always, we’ll keep you posted and plugged in.
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The root beer brand has Bay Area origins dating back to 1940 when it first hit the market in San Francisco as Belfast Root Beer. It was first made by San Francisco-based Belfast Beverage Company, mostly known as sparkling water and ginger ale maker since 1877.
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Richmond’s Landfill Loop may be the quirkiest hike on the San Francisco Bay Trail
As an avid hiker and a perpetual novelty seeker, setting foot on a new trail always gives me a rush. As far as I know, I’ve hiked every trail in San Francisco as well as many trails in the East Bay, Marin, and on the Peninsula. But I’m always looking for something new. One weekend while browsing AllTrails.com, I came across an intriguing listing for the “Landfill Loop” in Richmond. With a name like that, I knew I needed to check it out.
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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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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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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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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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