I just published my most recent issue of sfnewsletter (sign up at sfnewsletter.com), complete with a couple market stories and a new link to awesome things like Top 20 Overbids, Top 20 Underbids (they exist), Recent Sales, New Listings, and Stalefish (Properties on the market 30+ days):
San Francisco House & Condo Values
Which Neighborhoods Dominate Home Sales?
Who Is Buying the City’s Luxury Condos and Why?
September saw the largest surge of new listings coming on market in the past 2 years, which led to a big jump in deal-making, but data on transactions negotiated in September won’t be available until most close escrow in October and early November. In the meantime, we’ll look at the last 2 quarters.
Median Sales Prices & Average Dollar per Square Foot
The following 2 charts look at current and longer-term trends in home values. As is common, median house sales prices dropped a bit in the 3rd quarter – this is due mostly to seasonality issues – though condos have held steady for 3 quarters now at $950,000. Dollar per square foot values have continued to increase to new peaks: This metric is particularly being impacted by new-development condo sales, which are breaking dollar per square foot records virtually everyplace they’re being built.
If you wish to drill down on values in very specific city neighborhoods, we recently updated our interactive map, which can be found here: SF Home Price Map
Where Home Sales Occur at What Prices
“After having mostly settled into our new home, it’s finally time write a few words about our realtor – Alex Clark. Whether you are looking to buy or sell (and we used Alex for both), Alex knows the San Francisco market and how to get a deal closed, regardless of how stiff the competition might seem.
On the buy-side, Alex helped us get a true gem of single family home in the Inner Richmond by working patiently, but persuasively, with the Seller, who was hesitant to let go of the house after having it in the family for over forty years. But by making a personal connection with the Seller’s agent, and nudging us gently to get to where we needed to be to make a winning offer, we came out on top. And if you are familiar with how competitive the San Francisco real estate market can be and how quickly it’s moving, that’s no small achievement. On the sell-side, Alex’s knowledge of the neighborhood, comps, and how to market the property to generate packed open houses, helped us get the most for our condo. Bottom line – we crushed the closet comp listing by 20%, which we attribute directly to Alex’s understanding of the market.
Alex worked tirelessly to help us make both our buying and selling goals a reality, and above it all, he’s a genuinely good guy and easy to get along with.
Thanks Alex!”- Amanda & Sergio
You’re so very welcome! Thank you for putting your trust in me, and thank you for the great testimonial. Since I know you’re not moving for the next 50 years, I look forward to helping your friends and family when it comes time for them to buy/sell. Pray for snow!
For those of you that know me, you know I work to live life, I don’t live life to work. I strive to give you the best level of service I can offer, and top notch support in this frenzied market we call San Francisco, but I don’t do it to get rich. I do it because I love it, and I do it to support my lifestyle, and my family. My lifestyle that has deep roots in skiing, all the way back to my Grandpa bringing Kneisl skis to the U.S., and he and my Uncle taking Vaurnet to the next level. I had a life spent as a child at Ski trade shows and hours spent waiting in ski shops while my mom sold all kinds of products to the retailers who’s lives (including ours) depended on snow. My Dad was a huge cross country skier and I remember days building snow forts with my brother while my parents did some of the fist XC races up around Tahoe. Roots that run so deep, I recently found out my Grandpa (Opa) was offered not only the opportunity to be an early investor in Heavenly Ski Resort by the founder personally (for $5000), but also a little mountain not near, but certainly dear to a number of you SoCal skiers (Mammoth) — Don’t get excited, $5k was a lot of money back then, so sadly I have no interest in either of those mountains.
So where am I going with this? Every so often, something, or someone, comes across your life path that has a profound impact on you, or maybe someone you know. I’ve had many a moment that has changed my life, so I won’t get into them here, but this video clip, the rider in it (JP Auclair), and the skis he’s on (Armada- The skis single handedly responsible for me leaving snowboarding and getting back into skiing) have been my favorites for years, and sadly JP has lost his life:
I have been watching ski movies for as long as I can remember, and used to froth at the opportunity to get autographs of my favorite skiers at Warren Miller Movies (you might remember Scot Schmidt and Glen Plake?) Those movies were always great, and most ski movies today are also great, but they’re all very similar: Crazy skier drops big line, hucks big cliff, skis deep powder, bounces down the moguls, airs the half pipe, rail slide here, nose tap there, bluebird skies. Then a movie (in this case trailer) comes along that bends your mind. Something totally different from the rest: Practically no snow, no blue sky, skiing on pavement, skiing through a working class neighborhood, different camera angles, different lines, great soundtrack, and an entirely different approach. An approach that gets me watching this clip over and over every ski season since I’ve seen it, and wishing like hell I could ski like this. An approach that lives at the very core of riders like JP, and companies like Armada.
Sadly, the skier in this video recently lost his life in an avalanche in South America, along with his friend Andreas Fransson. Sadly, we’ll never get to see new tricks come out of this kid, my kids will never get to meet him, and his family has to deal with their tragic loss. His skiing is smooth, his life was epic, his path was primed, and it has all come to an end, way too soon. This is my tribute to him.
You might not give a shit, you might wonder why the hell I post this on a real estate blog, and you might just brush it off as a consequence of pushing the boundaries of safety, and what you consider “real life”. You might think you’ll live forever. But I hope you do give a shit, and I hope you do realize a life was taken from this world from a true talent, and I hope you let this serve as a reminder to you, and everyone you know, life is really, really short, you could die tomorrow, so get out and LIVE IT! Create. Inspire. Be kind. Be Real. Innovate. Enjoy. Share. Life is better that way. RIP JP and Andreas. Your innovation will be missed.