The Best Time To Sell Since San Francisco Real Estate Went Bust…Is Now

I’ve often said, if you can’t say it better yourself, just plagiarize. Or something like that. ;-)

Even if it means sharing information from a “competing” brokerage. Mark McLaughlin is the CEO of local real estate company Pacific Union. His recent article pretty much sums up my thoughts exactly. Especially, if you live in Cole Valley.

I asked him, “Do you have any data that might suggest how poor earnings of the investment banks and the capped bonuses of the investment bankers impact the luxury goods and real estate markets in the San Francisco Bay Area?”

His response was fairly simple and as follows: “No data. I would think the Apple, Google, Facebook etc. income gains would swamp any losses in the finance sector in the Bay Area.”

It is very important to remind our sellers that the both the buyer demographics and the traditional selling season in our markets have, in fact, changed – and for the most part, our markets are supply-constrained. We have more motivated buyers than we do properly improved, located and priced properties for sale.

Put another way, now is the best time I’ve seen since 2007 to list your property for sale. Demand is through the roof.

-Wall Street vs. Apple, Google, Facebook, etc.

Toast: Trouble Coffee Co.

Make no mistake, this blog is about real estate. But real estate is all about location, location, location, and San Francisco happens to have some pretty damn good restaurants, shops, trails, architecture, museums, and so much more in so many great locations, all of which directly impact the value of real estate. (How many times have you seen in marketing remarks “Close to shops, restaurants, transportation”?) There is a reason people live in a city…to be close to the things they love.

So, I’m going to start sharing some of my favorite places.

It’s no secret anymore, and the cat is so far out of the bag it’s not even funny, but Trouble Coffee on Judah, almost at the beach, is one of my favorites. I’ve long gone in solely to purchase “the Hammer” espresso beans and pour my own cappuccino at home, and never indulged in their toast (guilty of inhaling the occasional surf snack…or whatever the hell it is they call it though). Until yesterday.

I had the “Toast”. All I can say is that it is hands down the best cinnamon toast I have ever had, and you should try it too.


Image Poach

Outer Avenues real estate is pretty damn hot as well, as mentioned in my post the other day. A little update on that, we were beat out. Still not a done deal with buyer #1 though, so anything can still happen in our favor.

There you have it. Trouble Coffee, yet another reason to live in San Francisco.

-Best Coffee in San Francisco

Four Buyers In Four Days…And 121 Beulah, How Did It End?

Hi all! I just wanted to give a little update to you from my world of San Francisco real estate.

In my humble opinion, the market is extremely hot for the right properties. On Friday I wrote four separate offers (five if you count that one property is two condos), in four entirely different neighborhoods, and have been in a multiple offer situation on every single one of them. My buyers lost out on a house near West Portal (by roughly $25-35k), and my buyer on a Outer Avenues house is still in the thick of a six offer situation.

My clients for a Cole Valley property accepted a counter offer from the seller, knowing that other offers were lurking. And thankfully, the sellers of a Russian Hill property that my client offered on realized cash truly is king in this lending environment, and wisely accepted our offer on their property, rather than the others with financing.

I would love to share details and specifics about all of these, but as you can imagine, I can’t. I am very busy representing a ton of people throughout the city at this very moment, and all of it is helping me gain that much more knowledge to help you.

As always, other agents are talking to me and sharing stories, potential buyers they may have for homes, and properties some of their sellers may sell. Why they don’t just post all of it for free on PocketListings.net is beyond me, but I’m happy they feel comfortable sharing with me.

If you, or any of your friends/family, need help with San Francisco real estate, please don’t hesitate to contact me. My head is FULL of real estate opportunity!

Oh…and that luxury remodel on Beulah I mentioned two weeks ago….SOLD IN FIVE DAYS for $2,600,000 (asking $2,495,000). We can only assume CASH, and multiple circling.

Happy Monday! It snowed!

From Hero To Zero In Less Than A Week

You know that feeling you get when you’re about to push over the ledge of an 8 foot Ocean Beach bomb? Or the feeling just before you drop an untracked line of cold smoke pow down your favorite chute? Well that’s how I felt for my buyers when I saw this sign post out front of this lovely Cole Valley home at 156 Grattan.

My elation quickly turned from thrill and excitement to the feeling of pearling the nose of your board on said 8 foot bomb, crossing a tip and being sent cartwheeling, full yard sale, down your favorite chute with the entire chairlift above watching.

Alas…the house is not coming on the market, but has been rented. It only took one week to rent it, for a mere $6000/month, and they didn’t even have time to finish putting the sign up out front.

I keep saying, Cole Valley (and San Francisco) real estate is doing just fine…thank you very much.

As for me and my buyers, we’ll continue to lick our wounds until we come out on top.

From Beater To Butter, A Before & After At 121 Beulah (Cole Valley)

[Update: This property is Sold. Was sold in 5 days, CASH, for $2,600,000. Wow…]

The Living Room was:

The Living Room is:

The Kitchen was:

The Kitchen is:

Bathroom was:

Bathroom is:

(Note: There are now 4.5 Baths, this is just one of them.)

Lower Level was:

Lower Level is:

Rear Cottage was:

Rear Cottage is:

And the Piece de Resistance…le Garage was:

Le Garage is:

As is always the case with every property in San Francisco, there are stories, and this little (now big) gem on Beulah is no exception. There are a ton more pictures online, including shots of the previously undeveloped attic, the bedrooms, more bathrooms, elegant stairway, and lovely yard and patio, so please check it out.

And as I mentioned yesterday, Cole Valley is a hot little market right now. This is not the only great property that we’ll see in Cole Valley in the near future. Yesterday, I hinted to another 3 bed, 2.5 bath Single Family ($1,550,000) home that will be coming up for any of you Cole Valley buyers that keep getting beat out. There is also another transformation on par with this 121 Beulah that we should see on MLS shortly (if someone doesn’t snag it off market first.)

Opportunity knocks. Contact me to get in on these opportunities first, because they won’t last.

True to my word, I’ll try to keep you all in the loop. For now, I gotta run. Happy Aloha Friday to all y’all!

-121 Beulah, 4bed, 4.5 bath, 4,141 sqft, asking $2,495,000 Cole Valley [MLS]
-121 Beulah Before when is sold for $1,250,000 almost one year ago…exactly.