Coming Soon! 2191 32nd Ave, San Francisco – $785,000

It’s not everyday you come across a home like this in the Parkside (many simply generalize it at “The Sunset”) District of San Francisco. This home at 2191 32nd Ave has been meticulously maintained by its owner and will be coming on the market very soon. We’re in the final stages of touching it up, and it will soon hit MLS and be available for showings, so get your finances in check and get ready for a home like none you have seen in recent memory in this part of town.

This unique home built in 1933 has hints of Rousseau and Tudor styles all wrapped up in one. From the soaring dark wood beamed ceilings with original art details, the rounded (and functional) wood burning fireplace in the formal living room, to the crown moldings in the formal dining room, this is truly a home not typical of this location. All throughout the residence you will find tremendously detailed, and pristine hardwood floors. Upstairs is a formal dining room, remodeled kitchen, breakfast area with built in cabinets. Skylights and a center patio bring in natural light and fresh air providing a tranquil outdoor setting quite literally in the comfort of your own home. Also upstairs are two bedrooms, one original detailed bathroom with separate tub and shower (wait til you see the purple tile), large closets, and OCEAN VIEWS from the bedrooms that will keep you checking the surf all day long.

Downstairs is a large bonus room with beautiful hardwood floors, access to backyard and deck, full bathroom, a small kitchenette, and – hold on – a wood burning fireplace! This room would be perfect as either a master suite or family/entertainment room. There is also a laundry room on this level and access to the large two car garage.

Asking price is going to be $785,000 and we’re aiming to be on the market officially in two weeks time. If you have any questions, please do not hesitate to ask. If you’ve been looking for a home anywhere in the Avenues around Sunset Blvd, this is going to be the home for you.

-2191 32nd Ave, San Francisco, CA – asking $785,000 and on the market soon.

Baseball Collectors Take Note: Joe DiMaggio’s Childhood Home Is For Sale, And It Could Be Yours

It’s not everyday you have the chance to own “Joe DiMaggio’s childhood home in North Beach“, but today is your day.

Not listed on the MLS, and not listed at a “fair market price”, you can own a piece of Major League Baseball Legend, and by default a piece of Marilyn Monroe history, but you’re going to have to pay.

Knowing where this home is (on Taylor in North Beach), and what it’s made of (updated unit upstairs, empty unit down, with parking), one would peg a price around $1.2-$1.4M. But this is Joe DiMaggio’s childhood home we’re talking about! You’re not buying a comparable market property, you’re buying a collector’s item. You can live in it if you like, or hold it like any prized piece of art. Asking price is $2,000,000, so if you’re a baseball nut, or avid collector who’d normally throw down that kind of cash on a baseball card, one up your competition and buy the whole darn house where legend was raised.

For the sake of privacy, we aren’t posting pictures of the actual property [permission granted, see below], but facts have been checked and sources verified…Joe DiMaggio’s childhood home could be yours, if the price is right.

Hint: It’s somewhere around here:

[Editor's Note: We have recently uncovered some discrepancies on exact address...we are told 2026-2028 Taylor is correct, but internet sources peg it at 2047 Taylor, so keep that in mind.]

Feel free to contact me (alexclark@gmail.com), if you’d like more information.

-A little bit about Joe’s Childhood
-Joe DiMaggio’s Childhood Home For Sale: $2,000,000 [PocketListings.net]

Despite Seasonal Fluctuation, San Francisco Housing Market Remains Positive – And Then Some!

With many buyers and sellers away on vacation at this time of the year, the San Francisco housing market seems to be experiencing normal patterns of activity. But the limited supply of homes for sale is not deterring determined buyers from battling it out with each other for desirable properties, with multiple offers and all-cash offers becoming the norm. Adding to the competitive atmosphere could be the belief that real estate prices have bottomed and are headed upward, as well as the belief that the days of low interest rates are numbered, making this an ideal time to purchase. The belief that prices are headed upward seems to be supported by the evidence: Since last year, the median price for a single-family home in San Francisco has risen to $785,000, a 6.1 percent increase.

Single-Family Home Sales

Compared to July of 2011, the inventory of single-family homes for sale in the city has declined by 42.6 percent, while the number of homes under contract has risen by 11.2 percent. By the end of last month, the total number of homes sold was 205 properties, a 1 percent increase from last year.

For homes that were priced below $700,000, the months of supply inventory fell by 71.2 percent to a reading of 0.9. For higher-priced homes between $700,000 and $1.2 million, the months of supply inventory also dropped, by 65.4 percent to 1.1 months. With such a limited supply of inventory, homes in San Francisco are selling in very little time.

One area of the city which has experienced an increase in sales activity is the northwestern corner, which includes such neighborhoods as the Richmond, Sea Cliff and Laurel Heights. As of July 2011, the number of homes sold in this area increased by 20 percent to a total of 18 properties. Bordering Golden Gate Park, the Richmond offers homes that are more moderately priced and is filled with a number of mom-and-pop specialty shops and restaurants along the Geary Boulevard and Clement Street corridors, while Sea Cliff and Laurel Heights boast some of the most grandiose and picture-perfect homes in the city. The median price for a home here is $1,242,050, which is up by 3.6 percent from 2011.

Another area of the city which has experienced healthy sales activity is the southeastern section, east of Interstate 280 and extending past Candlestick Park. Compared to one year ago, the number of homes under contract here has increased by 33.9 percent, while the number of homes sold has also increased by 2.1 percent to a total of 48 properties. The Outer Mission, the Excelsior, and Visitacion Valley are some of the ethnically diverse neighborhoods that make up this area, where the median home price is among the lowest in the city. Homebuyers seeking an easy commute to the Peninsula may find a diamond in the rough in these areas. The median price for a home here is $493,000, which is up by 2.7 percent from last year.

Condominium Sales

Just as with single-family homes, the inventory of condominiums for sale in the city fell by 42.3 percent, while the number of condominiums under contract has increased by 36.1 percent. At the end of the month, the total number of condominiums sold was 266 units, a 12.7 rise from last year.

For condominiums that were priced between $500,000 and $900,000, the months of supply inventory contracted by 73.7 percent to a reading of 0.9. For luxury condominiums priced above $900,000, the months of supply inventory also fell by 60.2 percent to 1.8 months.

One area which saw a strong increase in condominium sales activity is the South Beach and South of Market (SoMa) neighborhoods in the central-eastern portion of the city. Compared to this time last year, the number of condominiums under contract has risen by 49.2 percent, while the number of condominiums sold has increased by 29.5 percent to a total of 101 units. Home to AT&T Park, the up-and-coming South Beach area offers some of the city’s most desirable and stylish condominiums, while SoMa has become a leading destination in San Francisco for new and trendy restaurants and nightclubs. The median price for a condominium here is around $650,000, which is up by 16.7 percent from 2011.

Outlook

Nationally, the Wall Street Journal reports that “July’s stronger-than-expected job gains sent stocks soaring and eased fears that the U.S. is veering into recession, but the broader picture remains one of an economy stuck in low gear. Nonfarm payrolls rose by a seasonally adjusted 163,000—the largest monthly gain since February. The politically salient jobless rate, derived from a separate survey, ticked up to 8.3 percent from 8.2 percent. Markets welcomed the news, powering the Dow Jones Industrial Average to its third-largest percentage gain of the year.”

The consumer confidence index, which had declined in June, improved slightly in July. The index now stands at 65.9, up from a reading of 62.7 in June. Lynn Franco, director of the Conference Board Consumer Research Center, says that, “Despite this month’s improvement in confidence, the overall index remains at historically low levels. Consumers’ attitude regarding current conditions was little changed in July, but their short-term expectations, which had declined last month, bounced back. However, while consumers expressed greater optimism about short-term business and employment prospects, they have grown more pessimistic about their earnings. Given the current economic environment—in particular the weak labor market—consumer confidence is not likely to gain any significant momentum in the coming months.”

The San Francisco Chronicle recently reported that, “Distressed homeowners in California are seeing a trickle of extra assistance six months after the historic $25 billion ‘robo-signing’ settlement with the Department of Justice was announced. The settlement, designed to give homeowners redress for banks’ fraudulent foreclosure practices, provides more ways to keep people in their homes, most notably through reducing principal—something banks have fought fiercely until now—and easing refinances for underwater loans. It also requires banks to provide a single point of contact and bars them from dual tracking—pursuing foreclosures while homeowners seek loan modifications.”

How about the months of supply inventory?! Insane!

139 Corbett, Asking $799,000, Receiving 30+ Offers: Where Will It Be When The Dust Settles?

At what point do you, dear fellow colleague and wonderful real estate companion, stop and say, “Okay, maybe I under-priced this property a bit, so I’ll just go ahead and raise the marketing price $100,000 now, so I don’t make a lot of agents and their buyers think they stand a snowball’s chance in hell of getting this property?”

Case in point, 139 Corbett, a Single Family Home in “Corona Heights” (we can just call this almost heart-center Castro), with three bedrooms, two baths, two car parking, expansion potential down, a yard, and big (nay, fantastic) VIEWS of Eureka Valley/Castro…asking $799,000:


There were 30+ offers! My client offered $932,000 and wasn’t even close. It’s certainly going to sell over $1,000,000, and I’d even guess a sales price close to $1,100,000…but “comps supported” a $799,000 list price? Really? Do you need 30 offers? Wouldn’t 10, or even two, offers be just as good?

Maddening. Truly maddening.

-139 Corbett, $799,000, 3bd, 2, ba, 2 pk [MLS]

America’s Cup San Francisco…Here We Go!

The official beginning of the America’s racing in lovely San Francisco Bay is upon us, and if you’re not an avid sailing fanatic, you’ll want a bit (just enough) information to get you out enjoying the action this week and through to the AC Finals in 2013 (Perhaps even enough information to discuss the America’s Cup at one of your favorite coffee shops.)

First you’ll need to know where to go to watch.



You can pretty much go to any part of of the northern end of San Francisco and you’ll be able to see the action. There are definitely some higher vantage points and any number of homes in Pacific Heights that will be bragging about their view being better than yours, but forget about them, focus on you. Unless you live in the north end of town, I would suggest getting to and from your viewing area of choice on bike…it’s going to be a madhouse.

Second, you’ll need to know why, and for what, these boats are competing. What is all this hype about racing today, since San Francisco has the America’s Cup in 2013? Today racing begins for what is called the AC World Series…smaller boats, same venue, different trophy. The World Series comes back to San Francisco in October, then leaves for Venice and Naples Italy. Then from July til end of September 2013 we’ll see the return of America’s Cup action to San Francisco when the BIG AC72s come to our waters to compete for the Louis Vuitton Cup, and ultimately the America’s Cup Finals. Unless the wind decides to die that time of year (not likely), the racing action is going to be awesome! The only thing I’d think we’d need to worry ourselves with would be the fog and freezing temperatures that make San Francisco summers so famous. All you tourists make sure to bring jackets and long pants…this ain’t Newport, Rhode Island.

Finally, you’ll need to know what those strange objects zipping across the water are made of, and what makes them so special. This week, August 21-26, we will not see the big big boats sailing our waters. Although massive, and insanely fast in comparison to anything we’re used to seeing on the Bay, the boats this week are what they call the AC45s, as opposed to the AC72s we’ll see here in 2013 for the Louis Vuitton, and America’s Cup Finals.

The mast height on an AC72 is 131.2 feet! That’s the equivalent of a 13 story building! How many of you work downtown? Step outside and look up, count 13 stories, and be amazed.

Have a look at this video to see these boats in action and learn even more about what’s in store for San Francisco:

That should be just enough information to get you through this week and into next year, because if you and the people around you aren’t talking at least a little bit about the excitement that is the America’s Cup and what it will bring to San Francisco, you’ll need to climb out from under that rock and embrace the city you call home. If anybody out there needs a good strong set of arms and hands to crank some winches and hoist some sails, I am available.

Visit the Official America’s Cup Website for more information, and get your sail on!