PAUL WARRIN
SAN FRANCISCO SPECIALIST
c. 415.407.8019
e. paul@warrinteam.com
Happy Spring!
The San Francisco real estate market demonstrated clear signs of renewed momentum in the first quarter of 2025. Increased sales activity and a rise in new inventory reflected growing confidence, both in the market and the city’s broader trajectory Under the dynamic leadership of Mayor Lurie, and with the continued expansion of the AI sector, San Francisco is experiencing a meaningful resurgence drawing both talent and capital back to the city.
Strong buyer demand, particularly for homes in prime neighborhoods, are receiving multiple offers and most homes selling above the asking price Further highlighting buyer demand and upward bidding pressure, the average delta between the sales price and listing price increased to more than 11%, the largest spread since 2022. The average price per square foot rose 3.7% compared to this time last year, while the average days on market decreased to 30 days, slightly faster than the same period last year
At the high end of the market, several landmark sales illustrated continued confidence in San Francisco’s luxury segment including 260 Sea Cliff which sold for $30,000,000, 2990 Broadway which sold for $26,500,000, 3701 Washington which sold for $26,000,000.
Fast Fact: The Warrin Team was the #1 team at Golden Gate Sotheby’s in San Francisco and Marin last year, with $140M in sales
FEATURED PROPERTIES
FOR SALE
2701 BRODERICK
$3,895,000 FOR SALE
2655 BUSH #401
SOLD
2765 VALLEJO
$13,250,000
$1,775,000 SOLD
61 5 AVENUE T H
$4,425,000 Represented Buyer
WARRIN TEAM SF
1591 JACKSON #7
$899,000
2747 VALLEJO
$14,000,000
3514 PIERCE
$2,340,000
2240 GREEN #4
$2,240,000
WARRIN TEAM MARIN
SOLD
147 GILMARTIN, TIBURON
$9,000,000
SOLD
69 MONTE MAR, SAUSALITO
$5,800,000
SOLD 19 LEEWARD, BELVEDERE
$8,750,000
SOLD
96 LAGOON, BELVEDERE
$3,850,000 Represented Buyer
TRENDING IN SF
CSF Scores $575M For Medical Building in Dogpatch
state bank wants to sell $575 million in bonds to finance an ght-story medical building for UC San Francisco to serve as e anchor of a 2,600-unit office-retail village in San ancisco’s Dogpatch
e California Infrastructure and Economic Development ank, or IBank, is marketing the bonds to pay for the 300,000uare-foot medical and life sciences building.
AI Boom Fuels San Francisco Rent Surge
Blame rising apartment rents across San Francisco on the artificial intelligence boom The real estate investment trust partially attributes the rise in rents to demand from a growing number of new AI employees flooding the city to take advantage of the AI boom.
CEO Sean Breslin, says return-to-office mandates bringing people back to San Francisco, better public safety and AIdominated job growth have increased housing demand.
Related California Planning to Build 41-Story Trophy Tower
Related California has moved forward with plans to build a 41-story trophy office and hotel building in San Francisco
The Irvine-based developer is on track to build the officehotel tower at 530 Sansome Street, in the North Financial District across from the Transamerica Pyramid near Jackson Square. The $600 million project will go before the Planning Commission approval in July and a potential Board of Supervisors vote in September.
HOME TRANSFORMATION
We revitalized this Bernal Heights home with a fresh coat of paint, new hardwood flooring, and elegant Calacatta countertops. The once dated kitchen, characterized by tiled floors, worn wooden cabinetry, and older appliances, was transformed into a bright and airy space that radiates modern sophistication. This impressive renovation perfectly highlights the beautifully updated heart of the home. This property received multiple offers and sold well above asking price
SAN FRANCISCO COUNTY SINGLE FAMILY MARKET TRENDS
Graphs show trends in market activity for the county comparing this year (dark lines) with last year (light lines) for the same period. Data is gathered from Multiple Listing Service (MLS) sources, reviewed for accuracy, and charted for easy comparison. Data shown is for single family homes only.
Data Source: MLS. Data is for single family homes only. THIS YEAR LAST YEAR
San Francisco CONDOS
SALES BY DISTRICT · CONDOS · Q1 2025
DISTRICT 1
Central Richmond, Inner Richmond, Outer Richmond, Jordan Park/ Laurel Heights, Presidio, Lake Street, Sea Cliff, Lone Mountain
DISTRICT 2
Golden Gate Heights, Outer Parkside, Outer Sunset, Parkside, Central Sunset, Inner Sunset, Inner Parkside
DISTRICT 3
Lake Shore, Merced Heights, Pine Lake Park, Stonestown, Lakeside, Merced Manor, Ingleside, Ingleside Heights, Oceanview
DISTRICT 4
Balboa Terrace, Diamond Heights, Forest Hill, Forest Knolls, Ingleside Terrace, Midtown Terrace, Saint Francis Wood, Miraloma Park, Forest Hill Extension, Sherwood Forest, Mount Davidson Manor, Westwood Highlands, Westwood Park, Sunnyside, West Portal, Monterey Heights
DISTRICT 5
Glen Park, Haight Ashbury, Noe Valley, Twin Peaks, Cole Valley/Parnassus Heights, Buena Vista/Ashbury Heights, Castro, Corona Heights, Clarendon Heights, Duboce Triangle, Eureka Valley/Dolores Heights, Mission Dolores
DISTRICT 6
Anza Vista, Hayes Valley, Lower Pacific Heights, Western Addition, Alamo Square, North Panhandle
DISTRICT 7
Marina, Pacific Heights, Presidio Heights, Cow Hollow
DISTRICT 8
Downtown, Financial District/Barbary Coast, Nob Hill, North Beach, Russian Hill, Van Ness/Civic Center, Telegraph Hill, North Waterfront, Tenderloin
DISTRICT 9
Bernal Heights, Inner Mission, Mission Bay, Potrero Hill, South of Market, Yerba Buena, South Beach, Central Waterfront/ Dogpatch
DISTRICT 10
Bayview, Crocker
Amazon, Excelsior, Outer Mission, Visitacion Valley, Portola, Silver Terrace, Mission Terrace, Hunter’s Point, Bayview Heights, Candlestick, Little Hollywood
SAN FRANCISCO COUNTY CONDO MARKET TRENDS
Graphs show trends in market activity for the county comparing this year (dark lines) with last year (light lines) for the same period. Data is gathered from Multiple Listing Service (MLS) sources, reviewed for accuracy, and charted for easy comparison. Data shown is for condo, townhouse, stock cooperative, and tenant-in-common properties only.
DISTRICT 1 SALES
RICHMOND/LAKE STREET/SEA CLIFF
DISTRICT 2 SALES SUNSET AND PARKSIDE
DISTRICT 3 SALES OCEANVIEW TO LAKESHORE
DISTRICT 4 SALES
FOREST KNOLLS TO WESTWOOD PARK
DISTRICT 5 SALES
HAIGHT ASHBURY TO GLEN PARK
DISTRICT 6 SALES
LOWER PACIFIC HEIGHTS TO HAYES VALLEY
DISTRICT 7 SALES
MARINA TO PACIFIC HEIGHTS
DISTRICT 8 SALES
NORTH BEACH TO DOWNTOWN
DISTRICT 9 SALES
SOUTH BEACH TO BERNAL HEIGHTS
POWER OF THE BRAND
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BAY AREA AND BEYOND FEATURED LISTING
SOUTHAMPTON, NEW YORK
$27,500,000
Situated on a 200-foot stretch, this oceanfront beach house, offered by its original owners, is a masterpiece of modern design and luxury With the ocean's soothing waves as the only backdrop, this residence offers an unparalleled combination of seclusion and serenity. Its striking contemporary architecture features vast glass panels on both the north and south sides, showcasing sweeping, uninterrupted views of the ocean, a serene pond, and the protected Shinnecock Bay The open, two-level layout with lofty ceilings creates a sense of space and light, designed to provide the ideal setting for both relaxed living and grand entertaining The flow from indoors to outdoors is seamless, with direct access to the pool area, pool house, lounges, dramatic dune landscape, and a privat
BAY AREA AND BEYOND FEATURED LISTING
g g p y g p g
the serene setting Located just minutes from world-class wineries, fine dining, and the best of St Helena, this
estate is a rare opportunity to own a true Napa Valley retreat Listed by Golden Gate Sotheby ’ s International
Realty, Napa Brokerage For more information on this listing and others from our wine country part
BAY AREA AND BEYOND FEATURED LISTING
BAY AREA AND BEYOND FEATURED LISTING
PROVENCE, FRANCE
gnificen
of land planted with olive tree
prestigious domain offers top of t
area, a 4 km jogging track and its own heliport which can accommodate multiple helicopters This exclusive estate of 3 luxury houses offers 2100 square meters of elegant living space, benefiting from 17 suites This luxury estate also features several staff accommodations' (5 studios and a 1 bed apartment) and 3 garages The Manor house of 1000 sqm is composed of 5 suites, a fully equipped kitchen, charming terraces surrounding the pool, and a night-club. A true haven of peace. Listed by Sotheby ’ s International Realty, Côte d'Azur Brokerage
$17,500,000 For more information on this listing and others from our global partne
BAY AREA AND BEYOND FEATURED LISTING
MALLORCA, SPAIN
$14,431,144
en suite a large and bright living room and a high-end equipped kitchen Highlight the beautiful Mediterranean garden and pool area Additional features: stone floors, alarm, underfloor heating, reversible air conditioning, sauna, domotics, solarium, gym, terraces and a garage for several cars Listed by Sotheby ’ s International Realty, Spain
TEST YOUR SAN FRANCISCO IQ
WHERE AM I?
Last issue ’ s answer: Audium Theater
WORLDS LARGEST REFERRAL NETWORK
WE CAN FIND QUALIFIED BUYERS AROUND THE GLOBE BY ACTIVATING OUR WORLDWIDE AGENT NETWORK
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950 OFFICES
70 COUNTRIES
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WORLDWIDE REACH
The Sotheby’s International Realty brand is a collection of the finest real estate companies in the world. Today our network boasts more than 22,000 affiliated independent sales associates, located in approximately 950 offices, in 70 countries and territories worldwide, placing over 10,000 referrals every year. Our network members utilize innovation with relevant reach to present a home in the most unique way.