Name: The Hatvany Kitchen Team
Address: 1699 Van Ness Avenue, San Francisco, CA, 94109
Telephone: (415) 710-6462

Dear Clients, Colleagues and Friends,

Happy New Year! We hope you all had a wonderful holiday season. 2025 is still a bit of an unknown as of yet, but we are excited and energized to get started! As is typical in San Francisco, real estate slowed down significantly in December (post-election) although many properties that had been lingering for months on end finally went into contract as motivated sellers came to the negotiating table with eager buyers. Many buyers are currently on the sidelines, waiting for the inventory drought to end, so we are hopeful that more properties will hit the market in the coming months. Looking back at data from 2024, price appreciation for single-family homes in 2024 was up 4% from last year, as opposed to down 13% in 2023, which was welcome news for sellers. Median condo prices were up about 1% from 2023, and are back to slightly above 2017 levels, still recovering from the large dip in median prices in 2023. The number of new listings was up from 2023 but still lower than historical norms, and sales volume also increased but remained on the low side as compared to the numbers in 2011-2022. Encouragingly, the number of $5M home prices was up significantly and was a higher overall annual number of sales than pre-pandemic times, and number of $10M homes sold remained fairly flat, as it has over the past 10 years, with the exception of a major jump in 2021. Average days on market was down slightly from 2023 for both houses and condos, though sales are still moving more slowly than we are used to. In California, due to the high interest rates, the number of all-cash sales hit 27% of the overall sales in 2024. Overbidding has come down significantly as heavy underpricing becomes a thing of the past in most neighborhoods. Condo overbidding is not happening in much of the city (in fact, in many neighborhoods condos are selling for 1-5.5% under list price) except the Sunset, at 5% over list price, where underpricing is still common, and for single family homes the Sunset-Parkside-Golden Gate Heights neighborhood is still seeing an average overbid of 18.5% — but that’s actually significantly down from the 20-30% numbers we have seen in recent years. In other neighborhoods, that number was more like an average of 6-10% for overbidding and interestingly, in Pacific Heights, Cow Hollow, and the Marina, houses were selling for 2% UNDER the original list price. As we move into 2025, much remains unknown but it looks like the interest rates will remain fairly high at least for now, and it remains to be seen how the new President’s proposed policies will impact rates, the stock market, inflation, and the real estate market. While stock values remain high, there is still significant buyer demand amidst a dearth of inventory. We are pleased to announce a number of great properties hitting the market this month– 1450 Franklin #602, a lovely 2 bedroom condominium, 1412 Diamond, a single family home in Noe Valley hitting the market mid January, and at the end of this month, 3062 Jackson, a large house-like condominium in Pacific Heights with an elevator, and 3627 Divisadero, a gorgeously renovated single-family home in the Marina. Keep a lookout on our website, www.teamhatvany.com, for these listings and more coming soon. As always, please get in touch if you want more information about any of the above, or to discuss renovation plans, potential sales or rentals, or the market in general. We love to connect with our clients! Please enjoy our holiday card below, in case you missed our snail mail copy. Sending you warm wishes for a fantastic 2025!

Here is the link to the Flipbook.

DMCA NOTICE

The Hatvany Kitchen Team strongly respects copyright protections. We will respond as promptly as possible to any reports of copyright infringement on our primary and supplemental websites, and in any IDX displays and IDX content. The Hatvany Kitchen Team works within the guidelines of the US Digital Millennium Copyright Act ("DMCA") to address and rectify any and all reports and instances of copyright infringement.

Infringement Reporting Procedure. To report copyright infringement, please email (preferred), fax, or mail all of the below required information, in written English, to The Hatvany Kitchen Team (our contact information follows):

i. Signature (hand-signed or electronic) of the owner, or a person authorized by the owner, of a copyright that is allegedly infringed.
ii. Identification of the original copyrighted work that is allegedly infringed, including website address / URL, location on the webpage, type of material (such as whether it is text, a photo, or both), a description of the work, and any other relevant information, sufficient for The Hatvany Kitchen Team to identify it.
iii. Identification of the material in an The Hatvany Kitchen Team website or display that is allegedly infringing upon the work from point ii. above, including website address / URL, location on the webpage, type of material (such as whether it is text, a photo, or both), a description of the work, and any other relevant information, sufficient for The Hatvany Kitchen Team to identify it.
iv. Statement that the complaining Party has a good faith belief that use of the material in the manner complained of is not authorized by the copyright owner, its agent, or the law.
v. Contact information for the complaining Party, including email address, mailing address, and phone number.
vi. Statement that the information in the notification is accurate, and under penalty of perjury, that the complaining Party is authorized to act on behalf of the owner of an exclusive right that is allegedly infringed.

Copyright Agent Contact. The Hatvany Kitchen Team's Copyright Agent contact information is as follows. Email is our preferred method of communication.

The Hatvany Kitchen Team, Inc.

Attention: The Hatvany Kitchen Team DMCA/Copyright Designated Agent

(415) 710-6462

team@teamhatvany.com

Take-Down Procedure. Upon receipt and verification of notice of infringement, The Hatvany Kitchen Team will remove the infringing materials, at its sole discretion. To the extent possible, The Hatvany Kitchen Team will notify the infringing party in writing after removal. Advance notice of removal is generally not possible.

Termination for Repeat Infringement. The Hatvany Kitchen Team reserves the right to terminate access, for any or all of our Software and Services, to any Party, if that Party is found to be repeatedly infringing copyrights.

Last updated: 10/29/2025

January 2025 Market Report - San Francisco Real Estate

January 2025 Market Report - San Francisco Real Estate

January 2025 Market Report - San Francisco Real Estate

January 2025 Market Report - San Francisco Real Estate

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DMCA NOTICE