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.
Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services.
In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company.
In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix.
Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.
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