Jessie Lee Real Estate
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Get to Know SoMa

 
 
 
Jessie Lee smiling with her arms folded in a yellow shirt.

South Beach

High-Rise Lifestyles

South Beach is a sub-neighborhood of San Francisco's South of Market (SoMa) – home of several tech industries' headquarters, world-renowned museums, Michelin-starred restaurants, skyscrapers, the Transbay development, and more. The area is at the epicenter of the city's development boom and right on the waterfront.

San Francisco’s SoMa skyline and rooftop gardens, with Oracle Park and the bay in an aerial view.

The aim of this newsletter is to show you the different districts of San Francisco as every neighborhood has its own distinct vibe, culture, and offerings. San Francisco is a world-class city that is only 46.9 square miles, though it's not uncommon to feel as though you've entered into a completely different realm when you've just crossed over into a different neighborhood.

I would like to cover San Francisco neighborhood by neighborhood, starting with SoMa. I hope you enjoy it!

Warmly,

Jessie

San Francisco SoMa landmarks, including a red garden sculpture, a baseball stadium, and a crowded outdoor market.

Neighborhood: South Beach

Walk Score: 89/100

Transit Score: 100/100

Bike Score: 89/100

Median Listing Price: $1.8 MM

Median Sale Price: $1.32 MM

Median Sale $/Sq Ft: $1.11K

Avg Days on Market: 52 Days

Types: Condos, Townhouses, Multi-Family Units

# of Residents: Approx 5,045*

# of Jobs: Approx 9,900 jobs*

San Francisco and the Bay Bridge at dusk, viewed past an illuminated glass high-rise.

The Avery

 

Luxury Condos starting at $1.8 MM

Amenities:

  • 24/7 attended lobby with concierge
  • 24/7 valet parking in private on-site garage
  • Package room with refrigerated storage
  • In-home package delivery
  • Pet spa
  • Exclusive-use car share service
  • Storage lockers & Bicycle storage, and more
Modern apartment buildings with glass balconies along a tree-lined waterfront street, with a distant skyline and bridge.
 
 

Watch a quick view from The Avery

 

The Avery is located in South Beach – home to global influencers like Salesforce, Facebook, and Google. Located just a short walk away from Union Square to the Ferry Building, SFMOMA, AT&T Park, and more.

 

From high-end shopping and hot new restaurants right at your doorstep, it's all within your reach. South Beach is home to the most exceptional dining on the West Coast.

 

Bay Area Market Analysis

Per Compass Chief Market Analyst, Case-Shiller continues to show monthly home price declines in all 3 price segments (low, middle, high) through December, with prices having peaked, so far, in July-August 2018, which should still be considered a short-term trend, and not definitive as to future market direction.

 

Below are two of the charts from our report. Case-Shiller does not use median sales prices, but its own algorithm to calculate price changes. All numbers in Case-Shiller reports refer to homes have a price of "100" in January 2000: a chart reading of "260" signifies home prices have appreciated by 160% since January 2000.

Long-term trends, San Francisco Metro vs U.S.

Chart comparing San Francisco and U.S. home-price index trends from 1987 to 2018, with major market events annotated.

Short-term trends, San Francisco Metro by Price Segment

Chart of San Francisco home prices by tier, April 2016–December 2018; low-price homes peak at 294.

The Graphs Explained

Compass report on the Case-Shiller Home Price Index and San Francisco Bay Area housing markets.
 
Black graphic reading “Inrimall oril dlert,” with dotted patterns on either side.
People gather around a beach bonfire at dusk, with sea stacks silhouetted offshore.

Ocean Beach Bonfire Returns

Fires Permitted March 1 - Oct 31 (No fires permitted Nov 1 - Feb 28

Use fire rings between stairwells 15 - 20 only

No bonfires from 9:30 pm - 6 am

Extinguish fires with water/ocean water only, and cover with sand

Groups of more than 25 must call (415) 561-4700 for a permit

Click here for more info

Free Monthly Museum Days

California Academy of Sciences

Asian Art Museum

Legion of Honor

Yerba Buena Center for the Arts

de Young Museum (pictured here)

The Exploratorium...and more!

Click here for more information

Modern angular building beside a landscaped reflecting pond, framed by palm trees.
Adults walking together on a shaded park path among tall trees and green lawns.

Free Guided Trail & Nature Walk at Golden Gate Park!

Saturday, March 2, 2019

10AM-12PM

FREE. Brought to you by Healthy Parks, Healthy People Bay Area

Meet at Stow Lake, Golden Gate Park, San Francisco

Click here for more info

 
Dark graphic with centered text reading “MNIM PAGE.”
 
Three performers pose onstage, with a woman in a red feathered costume between two men in red tailcoats.

Hello, Dolly!
Feb 19 – Mar 17
SHN Golden Gate Theatre, 1 Taylor St
San Francisco, CA

Click here for more info

Violet
Feb 14 – Mar 17
Alcazar Theatre, 650 Geary St
San Francisco, CA

Click here for more info

A woman and a uniformed man face each other while holding hands.
Actors in period costumes perform on a theater stage beneath amber spotlights.

Hamilton
Feb 28-Sep 8
SHN Orpheum Theatre, 1192 Market St
San Francisco, CA

Click here for more info

 

Work With Us

Jessie Lee Team has over 20 years of combined experience in the bay area helping clients for selling, buying, renting. We know about the SF market trends so we can provide accurate information to the buyers/sellers/landlords. Quick to respond, accurate information, getting into the contract within 1-3 months and selling it what the seller wants to achieve at. If you are buying or selling, please contact [email protected] to set up a zoom meeting or call/text at (415) 518-6402.

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