Real Estate Insight, Statistics, Gossip, and News – with a Twist and some Flavor

Calling All San Francisco Surfers (And Wannabes), We Have The Pad For You!

Thursday, September 10th, 2009

In our never ending quest to find the ultimate San Francisco surf pad, we were delighted to see one of our favorite oceanfront homes hit the market recently, 2534 Great Highway.

ghcooper1

It’s not everyday you can buy one of the few homes on the Great Highway that easily clear the sand dunes to enjoy unobstructed (save for a little fog 4 months out of the year) views of easily the best surf spot in all of Northern California, Ocean Beach (we may be fibbing a bit on that comment, but go with the fantasy). If we weren’t Realtors working in a recession fueled by real estate, we’d snatch this 3 bed, 2.5 bath, $1,299,000 baby up in a second.

ghcooperview1

But we are Realtors, and the market has a long ways to go for a complete rebound, so we’ll just come crash your parties, and install a nice little surf cam on your roof. We promise nobody will know the location and you too can live the dream of being a San Francisco surfer (or wannabe). You’d even be (close) neighbors with the owners/founders of the Beach Chalet/Park Chalet, so maybe you’d get a free pint or two post surf to wash away the salt water…

Guess it’s time to get back on the blogging wagon and go fishin, cuz $1,299,000 ain’t happenin for us any time soon! Have we mentioned our fresh lime margaritas?

-2534 Great Highway, $1,299,000 [Redfin]

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Over Asking In Oceanview!

Wednesday, February 25th, 2009

It’s a great day in the eyes of Realtors everywhere! Overbids are back, multiple offers have returned (stay tuned for 262 Minerva), and the rain is going to stop. Orrrrrr…maybe not.

166majestic

The story is becoming all too familiar, and 166 Majestic is no different. This 2 bed, 1 bath, 1000 square foot single family home in the Oceanview district of San Francisco was surely “priced to sell quickly” at $399,900, and sell quickly it did (Days On Market show 90 days, but that is time lag for bank approval of the REO.)

Here’s the bad part for the seller, purchased in 2006 for $699,000…and the good part for the buyer, purchased today for $461,000. Indeed that is 15% over asking today, but 34% less ($238,00) than the last recorded sale in 2006. We keep saying, if you’ve got the funds, the good credit and you plan on staying a while, “it’s a great time to be a buyer”.

-166 Majestic [sfnewsletter listing detail page]
-Oceanview District, San Francisco [Tour de San Francisco (real estate)]

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