“I Bet It Sold For…” There’s An App (In San Francisco) For That

Just Sold (the app) wants you to put your money where your mouth is (assuming you’re betting people like ourselves), and guess the sales price of homes in San Francisco and our oh-so hyperlocal neighborhoods, and they’ve made a game of it (because isn’t that what all this crazy overbidding is anyway? A Game.)

justsoldtheo

The concept is simple, pull up your desired ‘hood, find a property, guess what it sold for. Get it right, or get it wrong, and move on to the next. It’s another great way for you to get to know your neighborhood sales as they happen, and another great way for you to claim ultimate real estate knowledge from the comfort of that big fat armchair you’re sitting in. Call out your neighbors, call out your friends. You know you’re the expert, and don’t let any Realtor tell you otherwise.

theosold

After you download this app, you might ask yourself, “Why can’t I see ALL of the recent sales in San Francisco?” Well now, that’s a long murky story, but ultimately, the MLS holds that data, and they don’t want you to have access to it, unless it’s coming from your real estate agent, and you’ve established a “relationship” with said agent. We’ll leave it at that.

Currently two brokerages allow their listings to display on the app (Zephyr Real Estate, and Hill & Co.), so until MLS either loosens its grip, or other brokerages opt in to sharing on this service too, that’s all you’re gonna get.

Anyhow, check out the app. It’s kinda fun…

-Just Sold in iTunes Store [Apple]
-Just Listed, Just Sold San Francisco [sfnewsletter/MarketTracker]
-Some insight on how to bid in this market [theFrontSteps]

$80,000 @ 88 Townsend…For A Parking Spot In San Francisco

88townsend

Just one single, solitary, lonely parking space…

If you’re a Giants fan, it might be just the thing. If you’re in Kentucky and looking to buy a farm, you might be wondering WTF we’re thinking here in San Francisco.

-SOMA parking spot for sale at 88 Townsend [MLS]
-The $65,000 Parking Spot [theFrontSteps]
-Spot or Not, Parking In San Francisco [theFrontSteps]

Comment Du Jour: From San Francisco Shack To Seattle Mid Century For Under $650,000

When readers comment, we listen…

Abuseintake writes in reaction to the $401,000 Overbid at 235 28th Street in Noe Valley:

…moved from a $750,000 2 bed, 1 bath shack in Dogpatch and bought a 2,800 sq.ft, 3 bed, 2 3/4 bath mid-century split-level with a stunning view, for $645,000…in Seattle. You can keep SFO.

Abuseintake took it one step further to share some comparable properties in his/her area of Seattle, should you be so inclined to peruse them.

Sounds like a good time to sell and wander for you San Francisco residents pondering a move to greener pastures.

Just sayin’…

-<a href="“Maximum Overbid Of the Week: 235 28th Street, Noe Valley [theFrontSteps]

REALLY Expensive Real Estate…Like $35,000,000

Twenty-nine fifty Broadway sold “off market” last month for $35,000,000.

2950BroadwayFacade
[Photo Source: SocketSite]

As reported on SocketSite today:
“Hidden behind non-disclosure agreements and tax records stamped “DO NOT FILM,” you’re not supposed to know about the sale of 2950 Broadway which was purchased for $29,500,000 in 2011, remodeled a little last year, and very quietly sold off the market last month. But now you know. And you’re about to know the record setting sale price as well.

With a sale price of $35,000,000 (roughly $3,182 per square foot) and $875,000 in transfer tax confidentially paid, 2950 Broadway has just displaced 2840 Broadway to become the most expensive single-family home ever sold in San Francisco.”

Wow…and some people will wonder and cry foul that it never hit the MLS.

Thinking Of Selling Your Property? Read This First

Sellers, it’s time. We need your inventory, and look how happy you could be!

Alex thanks for selling my home as quickly and painless as possible at a price way beyond my expectation! I especially liked that you provided expert advice/service from staging, lighting and photography to make this a success. Using [electronic signature solutions] for all document signing made my life so much easier, and not to mention saving wasted paper from going into the environment. You keep up with the latest trends, you have access to new and potential audience/followers via social networking sites, and you’re just damn good at what you do so, THANKS!!!!

Cheers,
Judy

Brings a tear to one’s eye, doesn’t it. You’re welcome Judy! Thanks for the great testimonial. Call us when you’re ready to buy.

And to all of you other sellers, did you notice how good to the environment we can be? I’ll even come meet you on my bike. Just give a shout, and we’ll get the ball rolling to getting you top dollar on your property too.

-More Testimonials [theFrontSteps]
-Maximum Overbid Of The Week: 235 28th St, Noe Valley [theFrontSteps]

Maximum Overbid Of The Week: 235 28th Street, Noe Valley…

This one is hot off the presses. So hot, this property at 235 28th Street in Noe Valley still has dust billowing up around it from the flurry of bidding that just went down.

235noefacade

235noekitchen

235noerear
By all accounts, this is a great, great house. Sure, it needs a little work, but could be really nice and totally livable with ripped up carpet and buffed out floors, new paint (get rid of the wallpaper), and tidy up the yard. It’s actually livable now, but we have champagne tastes like all of you. To take it even further, the house could be expanded down, up and back. Big project for sure, protect that lovely historical facade, dig out the downstairs, add one more parking spot, and go big…and that’s exactly what all of you, dear readers/buyers, can expect to hit the market in or around another year, and expect it to be in the $3,000,000 range.

We just bid on this property, and we lost. Asking $899,000, we bid $1,250,000, we were “in the top four”. Winning bid (hate that word) was $1,300,000, cash, seven day close. That’s $401,000 over asking. Hard to beat. And for our buyers, it’s another one lost. It stings just as bad this time (the 7th) as it did the first.

To all you sellers, we keep saying it’s a great time to sell, are you believing us yet?

-235 28th Street, Noe Valley: 3bd, 1ba, $899,000 [MLS]
-When Someone Else Tells You Our Market Is Hot Will You Listen? [theFrontSteps]
-Telegraph Hill Neighbors: Our Opposition Is Unconditional [theFrontSteps]

The Ultimate Agent Photo Fail X 6…Actually X 7

If you saw our recent post about the house with all that fabulous ($302,000 worth of) furniture for sale, none of which you got to see in the marketing, you might have been just as curious as us about said furniture.

Lucky for all of us (lest curiosity killed this cat), we dug a little deeper and found that the previous listing holds all the answers. The furniture is there, and….well, it’s furniture, so whatevs. But what’s really awesome is how many times you get to see the agent’s photo ghost. Six times! (Seven if you count the double mirror shot.)

We can hear the conversation now, “It’s such a hot market all you gotta do is slap a sign out front and throw it on MLS.” Not true. So not true. There is an art to multiple offers and Maximum Overbids. And there is clearly a new art of agent marketing and self promotion we have yet to discover.

-$302,000 Worth Of Furniture Comes With This House…Sort Of [theFrontSteps]
-San Francisco’s Sexiest Realtor 2009 [theFrontSteps]

$302,000 Worth Of Furniture Comes With This House…Sort Of

Originally listed for sale in the Fall of 2012 for $1,850,000, price chopped, relisted a mere 11 days ago, now asking $1,798,000, this property apparently has an “expansive, unobstructed view of the City and the bay”, but that’s not all.

From the “agent only” remarks we occasionally can’t help but to share with you. It’s a “beautifully remodeled home in Diamond Heights, with the option to buy the house furnished for $2,100,000.00. Show this house blind.”

21ora

Are we the only ones that are confused by the marketing of a home that apparently has a fabulous remodel, great views, and great furniture ($302,000 worth), none of which we get to see?

Oh…hold on, hold on, hold on. It’s there…”Show this house blind“. Now we get it.

-21 Ora, San Francisco [MLS]

Hey Buyers! Turns Out There’s More Inventory Than You Thought

Have a look at what hit our email in the past couple months, and the companies heavily marketing “pocket listings”, “off market” property, or “not on MLS” opportunities.

You, the buyer, would probably like to know about these opportunities, wouldn’t you? Well…you can’t. Not until these brokerages wake up and join the year 2013, move beyond “private” or internal email as the method of choice for delivering these opportunities, look to social networks for some guidance as to where the buying (and selling) public lives, and get with the program!

Pacific Union, McGuire, Zephyr, Paragon, TRI Coldwell Banker, Vanguard, Sotheby’s, the list goes on and on…you ALL have pocket listings, and you’re all marketing them “privately”, so let’s make an effort to encourage each other to participate in an alternative marketplace to bring these opportunities to your fellow agents and the public, rather than continuing to shove this growing marketplace under the massive bureaucratic rug that is our National, State, and Local Association of Realtors. And for heaven’s sake, quit throwing your colleagues (Climb Real Estate) under the bus for taking a step in the right direction! (You know who you are.) It’s high time an alternative to the MLS takes shape, and the opportunity is right here and now.

[The same properties shown above, with links to the site:]
-Dominican Estate [Decker Bullock/Sothebys]
-53 Clifford Terrace [Vanguard]
-1299 Bush Street [Vanguard]
-219 Brannan [Vanguard]
-524 Roosevelt [Vanguard]
-2876 25th Ave [Vanguard]
-466 Hill [Vanguard]
-2509 Polk [McGuire]
-855 Folsom [McGuire]
-2094 Bush [McGuire]
-66 Parker [McGuire]
-2200 Pacific [McGuire]
-171 Caznea [McGuire]
-615 Buena Vista West [Sotheby's]
-2245 Francisco [Sotheby's]
-29 Oak Springs [Sotheby's]
-26 Sanford Lane [Pacific Union]
-1200 Laguna [Zephyr]
-1278 Stanyan [Zephyr]
-50 Lansing [Zephyr]
-Nob Hill Secret address [TRI Coldwell Banker]
-2325 Divisadero [TRI Coldwell Banker]
-2220 Sacramento [TRI Coldwell Banker]
-465 10th St [TRI Coldwell Banker]
-6 Emlin, Kentfield [TRI Coldwell Banker]
-595 12th Ave [TRI Coldwell Banker]
-850 Powell [TRI Coldwell Banker]
-287 Mangels [Barbegelata]

[Editor's Note: Some of these properties were placed on PocketListings.net, and others have since hit MLS and are now sold, but they did land in our email a very short time ago. You can expect some of these links to be killed by day's end, due to panicking brokerages.
Finally, if you'd like to be alerted when these opportunities hit our inbox, drop us a line, and we'll figure out a way to get them to you.]

-PocketListings.net: How To Tutorial [blog.pocketlistings.net]
-Climb Real Estate, PocketListings.net Join To Bring You More Buying And Selling Opportunity [theFrontSteps]
-It’s not listed, but it’s definitely for sale [New York Times]
-Remaking Real Estate, Again [SF Gate]