Tag Archives: Alexander Clark

“Sensibility And Overall Likability Are A Winning Combination”

I just wrapped up a deal with some buyers in NOPA, and this is what they had to say about working with me:

Great agent. Not only did Alex stick by us through multiple offers but finally landed us our new home even though we weren’t the highest bidders and we were up against all cash offers. By really getting to know us and meeting with the sellers agent at offer time Alex was able to position us as the best fit for the home. His knowledge & navigational skills through this unpredictable market combined with a down to earth sensibility and overall likability are a winning combination. Thanks Alex – we look forward to hosting you at our moving in party!! Lauranne, Mike and Mary

Thanks guys! Looking forward to beers and barbecue. I’ll bring Tequila!

Pacific Heights Property Fetches $1,706,000 Over Asking

You read that correctly, 2224 Jackson Street, a Pacific Heights trophy three unit property listed at $2,095,000, just knocked out last week’s stunner at 2514 Gough (Sold $1.4M over), to take the cake for most insane insanity ever in real estate anywhere, ever, by selling for $1,706,000 over asking price, or a grand total of $3,801,000. It is a vacant multi unit property in one of the best areas of town, but still – that’s nuts.

That was the winner, but there were more. Second place was a paltry $600,000 over asking- that one got kicked off the list today. See the top 10 Overbids list below.

Address BR/BA/Units DOM List Price Sold Price Overbid
2224 Jackson St 2-4 Units 13 $2,095,000 $3,801,000 81.43%
1783 Noe St 2/1.00/N/A 24 $1,195,000 $1,705,000 42.68%
390 Franconia St 2/1.00/N/A 6 $895,000 $1,262,375 41.05%
239 Judah St 3/2.00/N/A 27 $1,199,000 $1,661,000 38.53%
2200 Lyon St 3/2.50/N/A 19 $2,100,000 $2,900,000 38.10%
141 2nd Ave 3/3.50/N/A 9 $1,900,000 $2,600,000 36.84%
3700 Folsom St 2/2.00/N/A 12 $1,049,000 $1,425,000 35.84%
79 Everson St 3/2.50/N/A 24 $1,195,000 $1,610,000 34.73%
5725 Diamond Heights Blvd 4/3.00/N/A 8 $1,595,000 $2,139,250 34.12%
727 35th Ave 5/4.50/N/A 13 $1,525,000 $2,025,000 32.79%

I need a drink. You?

It’s A Great Time To Be A Buyer

I’ve been thinking a bit about our cliche Realtor statement that now is “a great time to buy”, and I’ve come to a conclusion:

Now is not necessarily a great time to buy, as prices may continue to fall, credit is likely to continue to dry up, and the global recession only looks to be getting worse instead of better (poor Obama inherited a big mess didn’t he, and my iPhone continues to see red), but it IS a great time to be a buyer.

When I started in this business only 6 years ago, I never in a million years thought I’d see homes get into the “affordable” level again. Every single client I worked with could expect, without a shadow of a doubt, to have to offer way over asking price on a home, compete with at least 10 other buyers on every property, and strike out at least 5 times before the home of their dreams (usually only 80% of their dreams, because perfection was not to be had) became a reality. True, “affordable” is a relative term, but for the buyers that thought owning a home in San Francisco would only ever amount to pipes full of dreams, your day may soon be here.

I’m hearing from buyers that are literally coming out of the shadows (they’ve been reading sfnewsletter for quite a while), and they’re licking their chops. New developments are slashing prices, offering incentives, literally telling me “make an offer”, and prime homes are starting to trade for much less than anyone expected, and some are getting downright stale.

No, now might not be a “good time to buy”, but it sure as hell is a good time to be a buyer, and I think you’d have to agree.