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California  + Bay Area  | 

San Francisco Luxury Condo Market Early Autumn Update

The San Francisco luxury condo market is shaping up for a record-breaking month of new listing activity. According to Paragon Real Estate, by mid-month, 49 new luxury condo, co-op and TIC listings hit the SF market since the beginning of September.

That follows June’s new high in sales volume, and feverish spring real estate markets around the Bay Area. Though the more affordable segments were most frenzied, home markets were somewhat hotter than condo markets.

The biggest shift in the luxury condo market has been the dramatic year-over-year drop in sales in the greater South Beach-SoMa district, even as listing inventory there hit new highs. Paragon notes, virtually every market indicator – months supply of inventory, average days on market, and others – indicate it is the softest luxury condo market in the city. It is also the area where many large, new projects continue to come on market, which Paragon surmises is almost certainly cannibalizing MLS sales as they aggressively compete with the resale market.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Economy
  • ◦Sale/Acquisition
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