The ultra luxury real estate market in San Francisco is experiencing a notable resurgence as of January 2025. This month, four properties have sold for over $10 million each, totaling $67 million in transactions. In contrast, January 2024 saw only two such high-value sales.  We believe that this uptick indicates a renewed confidence among buyers.

Our team is proud to have contributed to this positive trend by successfully selling 2620 Buchanan Street, and our efforts in navigating the complexities of the luxury market have not gone unnoticed. We were honored to be featured in Compass's "2024 Ultra-Luxury Report." The report highlighted our perspective on the market's evolution:

"When interest rates went up, the luxury market came to a screeching halt. Buyers froze and sellers still wanted prices they could have gotten not so long ago. Ultimately, life moves on and those who are committed to our city stopped sitting on the sidelines and started buying again. People who want to be here can only wait so long if they need to upsize or downsize or move for new jobs and life events."

While external factors such as interest rates can influence buyer behavior, the intrinsic appeal of San Francisco and the experience of people living here continues to drive demand. Looking ahead, the San Francisco real estate market is poised for continued growth. The combination of the city's enduring allure, a robust economy, and the adaptability of buyers and sellers supports a positive trajectory. Our team remains committed to providing exceptional service to our clients, leveraging our deep market knowledge and experience to navigate this dynamic landscape.

As we move further into 2025, we anticipate that the (luxury) real estate sector in San Francisco will continue to thrive, supported by the city's unique appeal.