theFrontSteps – San Francisco

Real Estate, Insight, Statistics, Gossip, & News…With a Twist and Some Flavor

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Hmmm….$354,000 Over Asking in a Down Market?

Is that correct? Let’s see, sales price $1,553,000, minus list price $1,199,000 equals $354,000. Is that right? Hmmm. Day offer received 9/28/07 minus list date 9/12/07 equals 16 days on the market. Is that right? It can’t be. We just said volume is down 41%. Ohhhh. We get it. We’re just being led astray that [...]

Tanking Market? Come Again? “That’s what she said” (1705 Broderick)

She being 1705 Broderick, a 3 bed, 3.5 bath, single family home in Lower Pacific Heights, and the pun being that she just came on the market 10/03/07 for $2,450,000 and just sold for $2,800,000. For the mathematically challenged (that includes us) that is $350,000 above asking (14.29%), a staggering month on the market (MLS [...]

It’s a cold market indeed…(130 Retiro Way: an Update)

Not too long ago, we featured a friendly wager on 130 Retiro Way in the Marina district, what it will sell for (asking $1,725,000) and what kind of remodel we’ll see. RentsUP” nailed the sales price at $1,850,000, or $125,000 above asking (7.25%). It closed yesterday. Now about the remodel? And did you buy it [...]

Nothing special, just $421,000 over asking, that’s all (1809 Diamond)

Asking $1,799,000 1809 Diamond in Noe Valley, a 5 bed, 3.5 bath, just closed for $2,220,000 or $421,000 (23.4%) above asking. Debate the pricing all you want, demand is there. We might add this home listed 9/21, and was on the market a staggering 12 days. Ahhh, what the hell. Previous sale, September 2004, $1,375,000, [...]

Noe Valley wins, Pacific Heights loses … BIG!

Way back when on July 3rd one of our readers, “Eddy”, sent in a post pitting two districts against each other titled “A tale of two districts”. We showcased two properties: 689 Douglass, which absolutely flew off the shelf, and ultimately sold for $2,050,000 from the $1,895,000 asking price (Close of escrow was 8/15/07). The [...]

Done Deal in the Marina and only $395,000 over (2330 Bay)

Our readers have come up with some good finds this last week, and thankfully I have some time to post them, so you can pick your jaw up off the ground along with the rest of us: Take a look at this. [2330 Bay] Closed in 21 days for almost $400,000 more [asking $2,495,000 selling [...]

Just “Wondering”

A reader kindly asks about 2746 Gough #1 in Cow Hollow, and 120 Cherry in Presidio Heights, so I thought we’d give the answers. 120 Cherry is a home that hadn’t been on the market…ever, since it was built in 1923. (According to the “remarks”.) It is in Presidio Heights, is a trophy home, and [...]

Bernal Heights strikes again (145 Coso…$309,000 over)

We’re not making this up, but it might help answer the question, “is Bernal on Fuego or Hielo?” All pricing issues aside, this is a pretty damn good find. Thanks Garrett: 145 Coso, a 3-bed, 2-bath, 13 days on the market and $309,000 above asking, which brings the sales price to $1,408,000 in Bernal. No [...]

FYI, 289 Marina ($905,000 over asking)

A reader kindly calls out, and we verify: I heard the 289 Marina Blvd. house just sold. Asking $2.795 mil… north of $3 mil…. can anybody verify? I went inside… 1950’s…. needed A LOT of remodelling. [Editor’s note: Correct. Sold for $3.7M. Seven offers.] In the nick of time? Time will tell.

Stump the Stammtisch: Bernal on Fuego or Hielo?

Being that it is the middle of summer, we’re curious to see what kind of replies we get to this post, but we hope the Stammtisch can come through nonetheless. If they can’t…readers!? “Hi, Over the past few weeks I’ve been seeing a Realtor post on Craig’s List that Bernal Heights is “on Fuego”. For [...]