Recently, I had the pleasure of representing my client in the sale of his condominium in one of the most sought after locations and buildings in downtown San Francisco. Many people refer to this area as SOMA, some refer to it as FiDi (Financial District), some as the Barbary Coast, and others still as Yerba Buena. Regardless of what you call it, I call it a sale that far exceeded my client’s expectations and set a new price per square foot record in his building of $1233 per square foot. In the end, we received 16 offers, all over asking, and settled 31.31% above asking, and well above any recent comparable sale.
My client was so thrilled, he sent me this wonderful testimonial:
Best agent, bar none, in San Francisco
I had the good fortune of working with Alex Clark of Paragon Real Estate on the recent sale of my condo. Alex is extremely professional yet very personable and possesses a keen knowledge of the San Francisco real estate market. My unit was listed for only 11 days and received 16 excellent offers all well over the asking price.
If you are contemplating selling or buying in San Francisco, Alex Clark is a must in your strategy.
A VERY satisfied client.
Many people will chalk this up as simply a sign of the times, but there is an art to garnering tremendous interest, multiple offers, and ultimately a successful, new high water mark sale. It also helps to have your property listed here on the most popular San Francisco Real Estate blog, so it can get press on the more most popular Curbed SF real estate blog. Buyers are online, that’s where I am, and that’s where your property will be.
Congratulations on your sale Peter, and all the success and good times in New York City. I’m definitely jealous of that one way ticket.
Downtown Boutique Luxury Building
Yerba Buena Condo
Luxury Downtown / Yerba Buena Condo
-Battle Royale: San Francisco or New York City, If You Had To Choose (Over 100 comments on the matter) [theFrontSteps]
-More Testimonials [theFrontSteps/Alexander Clark]
-Recent Transaction [theFrontSteps/Alexander Clark]
-1 Ecker (16 Jessie) Hits The Market, Monday Open House Was Packed [theFrontSteps]
-A Slice of 1 Ecker Can Be Yours For $495,000 [Curbed SF]
Ritz-Carlton residence number 1502, a 2 bed, 2.5 bath, 1195 square foot condominium, originally listed for $1,825,000 back in 2008 is going to auction on December 10th…and there is no minimum bid. The current list price is $949,905, and as the spam asks, “WILL YOU BE KICKING YOURSELF IF THIS RITZ-CARLTON CONDO SELLS FOR ONLY $600,000?”
Good Lord! If it sells for $600,000 we’re all f*cked…pardon our French. Of course, if you’re a buyer, you’ll be thrilled.
-Current MLS information
*The asterisk in the title clearly relates to the email we received and does not indicate the property sold at $600,000…although it could.
Provided by: Amanda Jones of Vanguard Properties
They have sold 10% of the units in 2 weeks. They have 3 other offer
packages out on the project [Editor's note: probably more now, we're slow to print], 15 of the 32 homes are under $500,000. The building was designed by the same architect of The Palms and 3208 Pierce Street. Many of the units have floor to ceiling windows and or views.
There is NO age restriction for purchasing these homes. However, the homes are designated by occupancy by at least one person 55 years or older. (Translation: Someone 55+ needs to live there, but the person on title can be 25… one could rent it out to a 55+ person…)
[Editor's note: As it seems many, many baby boomers are down-sizing and testing out the urban life (think One Rincon Hill, The Infinity), all you young professionals might consider paying your parents back for all that money they spent on your beer and college tuition by offering them free room and board in a world class city. Just a thought.
Frank Norris Place is located at 81 Frank Norris St. in the "Upperloin", (Van Ness/Civic Center/Downtown), units are either 1 bedroom, 1 bath, or 1 bedroom + study, 1 bath, pricing for some (we saw one) as low as $399,000 (came on 4/12 and is already pending), the others hovering around $500,000. Parking is an additional $50,000/space.]
-Frank Norris Place [website]
-More New Development Articles [sfn BLOG]