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It’s Friday! Top 10 Overbids To Spark Your Cocktail Conversations Tonight

You’re all probably wondering where the hell I went. I’m here. Representing buyers and sellers in this frenzied market. This market that is full of crazy overbids, properties getting many multiples of offers, and at the same time properties that are now sitting in the dead pool. I call these “Stalefish” a.k.a. 30+ Club, and you can see some of them here.

But it’s Overbids, the Top 10 to be specific, that you came to see, so here they are. Have a great weekend!

Address BR/BA/Units DOM List Price Sold Price Overbid
3955 19th St 2/2.00/N/A 12 $1,195,000 $1,830,000 53.14%
1493 Newcomb Ave 2/1.00/N/A 3 $408,888 $623,700 52.54%
14 Ulloa St 2/1.00/N/A 25 $798,000 $1,125,000 40.98%
662 Elizabeth St 2/1.00/ 9 $799,000 $1,105,750 38.39%
369 Arguello Blvd 371 2-4 Units 29 $1,650,000 $2,250,000 36.36%
131 Harold Ave 2/1.00/N/A 16 $599,000 $805,000 34.39%
3615 20th St 2/2.00/6 13 $1,049,000 $1,400,000 33.46%
525 27th Ave 527 2-4 Units 21 $1,190,000 $1,580,000 32.77%
460 Andover St 4/2.50/N/A 10 $1,250,000 $1,650,000 32.00%
17 Valletta Ct 19 2-4 Units 36 $1,100,000 $1,450,000 31.82%

-Properties Still available [The Goods 30+ Club]

298chestnut

255 New Listings In The Past 3 Days – Time To Go Shopping!

I thought I’d do a quick post directing you all to the easiest place to see the flood of new inventory just hit our market the past two weeks, specifically the past two days, including this $16,000,000 home at 298 Chestnut, and this $9,500,000 Modern Drooler at 16 Spruce.

As of today, there are about 255 new listings hit the market in the past 3 days…as a comparison, August saw 431 listings total for the entire month. Any of you buyers thinking about taking it easy this weekend…think again. Act quickly before you miss out.

BTW, these data tables are so easy and fun to sort, it’s just the thing for all of you real estate porn addicts. If you’re agent isn’t sending them to you, they should. Just sayin’.

Have a great weekend!

-New Listings on the market in the past two weeks [The Goods]

How Does San Francisco Public Transit Stack Up Against NYC, Chicago, Boston, And DC? Answer Below:

Are you one the millions of people that take BART in, out of, and around the city? Have you ever wondered how our public transit stacks up to other major metros? Well…it just so happens some fine folks at the UNC School of Government’s MPA Online Program took it upon themselves to have a look, and they’ve asked me to share it with you. It’s pretty great info, and no, it does not include MUNI, but let them know you want to learn about that too and maybe, just maybe they’ll make it happen.

[Scroll down to get to San Francisco, and visit MPA@UNC online for more info. Or just click the image.]
transportation_infographic

June Case-Shiller Index – High-Tier Home Prices Begin To Plateau For Summer

The Case-Shiller Index for the San Francisco Metro Area covers the house markets of 5 Bay Area counties, divided into 3 price tiers, each constituting one third of unit sales. Most of San Francisco’s, Marin’s and San Mateo’s house sales are in the “high price tier”, so that is where we focus most of our attention. The Index is published 2 months after the month in question and reflects a 3-month rolling average, so it will always reflect the market of some months ago. June’s Index was just recently released.

The 5 counties in our Case-Shiller Metro Statistical Area are San Francisco, Marin, San Mateo, Alameda and Contra Costa. Needless to say, there are many different real estate markets found in such a broad region, and it’s probably fair to say that the city of San Francisco’s market has generally out-performed the general metro area market.

Typically, the market cools off and plateaus for the summer months and that is what we are starting to see in the new Case-Shiller numbers for June. The next big indication of market conditions and trends will come after the autumn selling season begins in mid-September: That is typically when there is a large surge in new listings and buyer demand picks up again until the holiday slow-down begins in mid-November. It is difficult to make definitive statements about the market during the summer and mid-winter holidays because the market almost always slows substantially during these times.

The high-price home segment for the SF Metro area saw no significant change from May to June, though the low and mid-price segments both ticked up by a percentage point or two. Short-term fluctuations are much less meaningful than longer-term trends.

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To learn more about Seasonality & The San Francisco Real Estate Market, check out my most recent issue of sfnewsletter by clicking that link.

As always, if you have any questions, you should know where to find me by now.

-Seasonality & The San Francisco Real Estate Market [sfnewsletter]

The Bay Area’s Biggest Earthquakes – On One Map

I get a lot, I mean thousands upon thousands, of readers visiting theFrontSteps on any given day wondering which neighborhoods in San Francisco are situated on bedrock, and which are prone to liquefaction or earthquake induced landslides. It’s interesting to view the traffic stats for these posts and see the incredible spike in traffic (like 10X) after the Bay Area experiences an earthquake. Clearly, we’re a culture of not worrying about something until it happens.

So – where’s the next quake gonna hit? Nobody knows, but The San Francisco Business Times recently published a Map of The Bay Area’s Biggest Earthquakes (and the damage they caused), which I found incredibly interesting, so I thought I’d share it with you. Enjoy…

[Click To Enlarge Photo]
Bay Area Earthquakes

-San Francisco Neighborhoods Prone to Liquefaction and Earthquake Induced Landslides (Bedrock Vs. Landfill Take Two) [theFrontSteps]
-Map: The Bay Area’s Biggest Earthquakes [SF Business Times]

Living/Great room detached on 3 sides with tons of light

NOPA Flat For Sale: You Get First Dibs

Labor Day is just around the corner, and that means we can expect an influx of listings to hit the market. Just like everyone else, we’ve been waiting and preparing a couple properties ourselves. We’ll be putting this beauty on the market 9/5, but as is always the case, my readers get first crack.

Situated in one of the most desirable neighborhoods in San Francisco, this NOPA flat is not to be missed. You can walk to everything, transportation is a breeze, and with approximately 1500 +/- square feet of living space, what more could you need. Located at 1674 Hayes, this unit features 3 bedrooms, 2 1/4 bath (2nd bedroom has a sink), 1 parking space for a small car, soaring ceilings, hardwood floors, laundry room, fireplace, and a shared yard. The bedrooms are very generous in size and have tons of closet space for all those shoes and suits. The long hallway leads you to the rear of the property where the incredibly light and bright great room allows for dining, entertaining, cooking, and lounging all in the same space.

We will be listing this property 9/5, first open house 9/7 from 2-4pm, and available for private showings anytime. Price will be $1,095,000, and the offer date (if any) is still TBD. Disclosures are in the final stages of completion, and property is in the final stretch of condo conversion. If you’d like any more details, or care to get yourself or a friend in, give me a shout: 415-254-5351.

If you live in the area, and were wondering what your home might be worth, or what we expect to sell this flat for, I’d be happy to chat.

whiskey

Top 10 Whiskey Bars In San Francisco

Because talking about real estate ad nauseam gets boring, and we can all use a good Bourbon from time to time, I decided to do a top 10 Favorite locales to enjoy Whiskey/Bourbon in San Francisco. Get at it!

Whiskey, the brown liquid brimming with magical properties, is one of the best liquors around. If you agree and happen to be moving to the Bay Area then you’re in for a treat, because the city has some excellent whiskey-heavy haunts that should please even the snottiest of liquor snobs. If you’re in the mood for chatting with somebody over a smooth glass of single malt, then consider checking out the following 10 places.

Bourbon and Branch

Bourbon and Branch is one of the more unique venues in Tenderloin. It’s easy to fall in love with this place because of its prohibition theme, secret passwords, hidden rooms, costumed mixologists and an exclusive, speakeasy atmosphere. Plus, they have a modest collection of uncommon and rare liquors, and some of the best mixed drinks around.

Hours: Mon-Sat 6 pm – 2 am
Neighborhood: Civic Center / Tenderloin
Website: bourbonandbranch.com

Nihon Whiskey Lounge

If you’re looking for an intimate encounter with your glass of whiskey, then Nihon is the place to go. This Japanese-style whiskey haunt has one of the largest selections of single malt on the West Coast, and some good food to go alongside it. Plus, if you feel like one glass of special liquor isn’t enough, you can buy an entire bottle which gets put in a private locker until you return.

Hours: Tue-Sat 5:30 pm – 1:30 am
Neighborhood: Mission
Website: dajanigroup.net/establishments/nihon-whisky-lounge

Rickhouse

There is a reason GQ put Rickhouse on its best whiskey bars in the country 2013 list: it’s amazing. It’s the go-to haunt for an after work drink, particularly if you’re lucky enough to snag a seat at the bar. This place breathes whiskey, from its 300 Kentucky-imported barrels that make up the ceiling staves, to the walls in the back which are inspired by prohibition era distilleries.

Hours: Mon-Sat 6 pm – 2 am
Neighborhood: FiDi
Website: rickhousebar.com

Tradition

Another Bourbon and Branch whiskey house, this place is a wonderful stop, if for nothing more than they age their own barrels on the second floor. Plus, the place boasts more than 80 different cocktails, a knowledgeable staff and a traditional drinking atmosphere.

Hours: Mon-Sat 6 pm – 2 am
Neighborhood: Tenderloin
Website: tradbar.com

83 Proof

The signless 83 Proof is a wonderful bar, if you can find it. This hidden gem is quite literally hidden. It has no signage and it’s rather hard to find unless you know where you’re looking, which means the lounge is not nearly as crowded as its other popular counterparts.

Hours: Tue-Sat 2 pm – 2 am
Neighborhood: SOMA
Website: 83proof.com

Hard Water

If you’re craving rare bourbon and don’t mind being squished in this tiny hole-in-the-wall haunt, the Hard Water is where you want to be. This NOLA-themed place has the best options for rare bourbon by the flight in the city.

Hours: Mon-Sat 5 pm – 12 am
Neighborhood: Embarcadero
Website: hardwaterbar.com

Whiskey Thieves

If you’re looking for a more casual environment to enjoy your whiskey in, then Whiskey Thieves is the place to be. It boasts a relaxed, but substantial option of liquors, pool tables, jukeboxes, and affordable prices.

Hours: Mon-Fri 1 pm – 2 am; Sat-Sun 12 pm – 2 am
Neighborhood: Civic Center / Tenderloin
Website: Yelp Profile

Bloodhound

If you need a reprieve from the average yuppie San Francisco bar, then Bloodhound is your best bet. It’s themed as a country western lodge with leather sets, exposed wooden beams, hunting apparel decorating the walls and Edison light bulbs. The liquor selection is massive, and the pool table and old school jukebox finish off the rugged touch.

Hours: Mon-Sun 4 pm – 2 am
Neighborhood: SOMA
Website: bloodhoundsf.com

Swig

If you’re in the mood for a classy atmosphere to enjoy your glass of whiskey, then look no further than Swig. In the colder seasons the bar offers a pleasant fire to cozy up to, and an impressive selection of more than 150 whiskeys that span 80 years. The prices are not cheap, but it’s worth the splurge now and then.

Hours: Mon-Thu 4 pm – 1:30 pm; Fri-Sat 2 pm – 1:30 pm; Sun 5 pm – 1:30 pm
Neighborhood: Civic Center / Tenderloin
Website: swigbar.com

The Alembic

The Alembic is a small, tucked away narrow room that has an overwhelming list of excellent liquor choices. The bar specializes in getting you the perfect glass of bourbon, single malt scotch, American whiskey and Irish whiskey. If you’re feeling for something a little less straight forward, then try the new school and old school mixed options to liven things up.

Hours: Mon-Sun 12 pm – 2 am
Neighborhood: Haight Ashbury
Website: alembicbar.com

And of course, if you need a comrade, I’m a quick text message away.

Cheers!

larryellisontahoehome

Larry Ellison Sells Tahoe “Pad” for $20.3M | Inside Tim Lincecum’s $4M Arizona Abode

In case you like to follow your local celebs and what they’re doing with real estate:
insidelarryellisonstahoepad
-Larry Ellison Sells His Lake Tahoe Property for $20.35 Million [Wall Street Journal]

Not to be outdone:
timlincecumhome
Tim Lincecum’s Arizona Mansion just hit the market for $3,995,500 [San Francisco Business Times], but sadly it only comes with Basketball court and no batting cage.

Representing Buyers & Sellers Of Residential Real Estate In San Francisco, Marin, & Palo Alto – Follow/Connect @theFrontSteps

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