An elegant white clock featuring 'DANIELLE LAZIER REAL ESTATE LOGO' on a sleek black background.Vivre Real Estate logo

Gettin' In While the Gettin's Good

April 20, 2021

Danielle Lazier Real Estate Newsletter: April 16, 2021

Real estate (and other markets) can turn on a dime. Case in point: 2020.

What's happening on the ground between buyers and sellers sometimes takes months to percolate up to the headlines — like this recent report by the SF Chronicle on which neighborhoods San Franciscans left in the first 9 months of the pandemic.

Interesting, but old news.

Down in the real estate trenches, my team and colleagues are all seeing the same thing: A tipping point in recovery. Big upward swings in pending sales and general buyer interest. 

The latest data show the same. In Q1 2021, the percent of listings accepting an offer hit a nearly 2-year high in condos and a 4-year high in houses. Luxury SF condo sales ($2 million+) are up 39% year-over-year.

That’s not to say it’s a seller’s market downtown. I'm not crazy. Relative bargains abound for buyers, and many sellers are taking a haircut.

But my buyer clients are looking to get in sooner than later, while the gettin's still good.

The current housing frenzy may seem bound to fizzle... but what if it doesn't?

Not all bubbles burst, and this isn't a bubble anyway, according to NAR Chief Economist Lawrence Yun: "It is simply a lack of supply."

(Further reading: The Dispiriting Housing Boom - AXIOS)

What if housing prices keep going up? What if the shortage continues?

Construction, material and labor costs, plus city planning limitations, deter home-building in SF. Would-be sellers don’t sell, because they don’t know where and what to buy next. Will any of this change substantially any time soon?

You may not want to compete now, but today might seem a relative bargain looking back a year from now. There's no guarantee of a discount or a smoother ride for those who wait.

I don't know what will happen. Prices could rise, fall or stay flat.

But as you've heard here before, no one perfectly times the market, except by accident. Real estate decisions are best made on YOUR reality — your goals, budget and timeline — not on trying to read the tea leaves.

So, if you're a first time buyer, or a homeowner wanting a new home or location, and those stars align... what are you waiting for?  

For more detailed charts and market analysis, head over to our blog. You can read the April 2021 Market Update here.

As always, please don't hesitate to reach out with any real estate-related questions. We are happy to help you and anyone you send our way!

Warmly,

Danielle Lazier signature


San Francisco Real Estate Update: News, Insights and Luxury Listings

Also featured in our April 16th, 2021 newsletter:

New York Times: Reverse Migration: Moving to Cities While Others Flee

Eater SF: Mr. Digby's Cocktail Bar Opens in Noe Valley

SF Chronicle: SF Reopening: Here's What Can Resume in the City on Thursday

And recent blogs right here on daniellelazier.com:

The April 2021 Market Update for San Francisco real estate

Get Your Home in Selling Shape With Compass Concierge Services

Meditations on Home Organization: Decisions, Decisions, a guest blog by professional organizer Sarah Grierson-Dale

Want to stay up to date on San Francisco real estate?

Sign up for the Danielle Lazier Real Estate newsletter for an info-packed update on San Francisco real estate, local insights and more, delivered twice a month to your inbox.

PS: We hate spam and love privacy as much as you do. We will never sell or share your information — period.

Yelp logo
296 reviews
View All
Zillow logo
176 reviews
View All
Danielle Elazier Realtor on Google My Business- image of Google my business logo
117 reviews
View All

WORK WITH US

Are you looking to buy a luxury home or sell your exclusive property? Our top real estate team specializes in luxury condos, estates, and high-end properties. With years of experience navigating the competitive luxury real estate market, we offer personalized guidance every step of the way.

Contact us today for a complimentary consultation. Whether you’re looking for luxury homes for sale or need help listing your exclusive property, our top-rated realtors are here to help. Find your dream home or achieve your sales goals with the best real estate agents!
Contact Me

SIGN UP FOR OUR NEWSLETTER

Stay informed with our twice-monthly email updates, featuring market insights, new listings, and local news. Subscribe to receive the latest in San Francisco luxury real estate and more. We respect your privacy and never share your information.

Danielle Elazier botanical illustration - 3 different California poppy flower branches. Black and white with line art
WATCH DANIELLE’S LATEST VIDEOS

DISCOVER LUXURY LIVING IN SAN FRANCISCO

YouTube Channel
View Full Street Address SAN FRANCISCO, CA 94114 (415) 528-7355 ©2024 VIVRE REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY. ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED AND SHOULD BE INDEPENDENTLY REVIEWED AND VERIFIED.
enteruserclockmagnifiercross