Category Archives: It is Brisk Out

SOLD (In 3 Days) | 62 Buena Vista Terrace

We accepted offers on Monday, we closed yesterday…that’s a three day close. Remarkable, to say the least. Congratulations to my clients, and thank you all for an incredibly smooth transaction. I wish they all went like this.

Listed $1,295,000, SOLD $1,500,000. Property details below:

Located on an elegant street in San Francisco’s Buena Vista Park District, one of San Francisco’s most coveted neighborhoods, 62 Buena Vista Terrace affords you the ability to immerse yourself in all this city has to offer, yet escape from it too.


Walking distance to Duboce Triangle, the Castro, Haight, Hayes Valley, Upper Market, Mission Dolores, Alamo Square, Buena Vista Park, Duboce Park, and NOPA, this luxury residence is truly in the heart of the city, and truly awesome…yes awesome.

Top floor condominium in a small 2-unit building, 62 Buena Vista Terrace has 2 + bedrooms, 1 bath, 1 car parking, views, formal dining room, living room, beautiful bamboo flooring throughout, new double paned windows, tons of natural light, two fireplaces, exclusive deeded deck off of kitchen, beautiful lush garden, in unit Washer & Dryer, tons of extra storage, and plentiful closet space.

The designer kitchen is a chef or entertainer’s dream, complete with granite countertops, Viking Range, Amana refrigerator, custom cabinets, island with Carrera marble countertop, under cabinet LED lighting, microwave, Miele Dishwasher, and an extra room off the kitchen perfect for morning coffee or evening cocktail preparation (could be a great breakfast nook too). Trust me when I say your friends will envy you here.

The unit is approximately 1353 square feet (per tax records), HOA dues are $300/month.

Property Summary:
-Buena Vista Park Top Floor Condominium
-Address: 62 Buena Vista Terrace
-2 bedrooms
-Bonus room/office
-1 bath
-1 parking
-1353 Square feet (per tax records)
-$300/mo HOAs
-Bamboo Flooring
-New Windows
-Formal Dining Room
-Living Room
-Deck
-Yard
-Views
-W&D
-Storage
-Designer Kitchen
-Breakfast nook/office
-$1,295,000
-Boom!

This one went fast. Contact me for further details or to talk about selling your property.
Alex Clark
415-254-5351
alexclark@gmail.com

30 Days Later, Property Resells For $101,000 More

This is for those of you that just fought your way into contract, closed, and are now wondering, “Will I ever make my money back?”

A good friend and colleague of mine recently (just this March) represented her buyers in the purchase of this awesome top floor penthouse at 2200 Market #502. They closed for $949,000, in an all cash purchase.
2200 market street

2200 Market

The owner decided not to move in, and therefore wanted to sell. Recently listed again – this time for $899,000, 2200 Market #502 came back on only 30 days after the buyers closed on their purchase. Fast forward four days of marketing, it went into contract, and voila! It has sold $101,000 higher than it sold for just 30 days prior – and it was an all cash transaction.

Because I know most of you are doing the math on how much this buyer/seller made, probably around $30,000 after commissions, title/escrow fees, and transfer tax. Not bad for holding a property just 30 days.

How’s that for nuts?

-2200 Market #502 [Listing Detail]

It Is Certainly Brisk Out, And We’re Not Talking Weather

Somebody has certainly turned the tap on with regards to San Francisco real estate. Case in point (like we need to see more), 1998 Broadway #1007.

I just called on this Pacific Heights property to get an appointment for a client to take a look at it next Tuesday. How foolish of me to think it’d still be available! They accepted offers yesterday, received five, and will certainly not be looking for another by next Tuesday.

That’s a two bedroom, one and one half bath, 1030 square foot condominium asking $750,000, gone in seven days.

-1998 Broadway #1007, $750,000 [MLS]

San Francisco Real Estate Market Update, Recent Sales, And IPO Madness

Another week, another issue of sfnewsletter sent. All kinds of great market info and real estate p*rn for you to peruse. Including many off market opportunities I’ve already mentioned here.

Have a great weekend!

-Latest issue of sfnewsletter/MarketTracker

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.