It’s not everyday our City By The Bay delivers the goods at sunset, especially in the summer, but when summer comes right before Christmas, how can you possibly complain?
Last night the San Francisco Giants clinched the World Series Title and they did it with authority, routing the Texas Rangers four games to one, in the best of seven series. What made it all the more sweet was continually seeing George W. lean over to his wife and ask her just exactly what was going on. You know she said the same thing to him as she did during his entire presidency, “Honey, we’re getting our asses kicked.” That was sweet. But what about San Francisco?
As expected, the city erupted. Fans and non-fans came out on the streets to partake in the celebration, which (did you have any doubt) quickly escalated into borderline rioting. There were reports of cars being set on fire, overturned, and vandalized. Multiple neighborhoods in the city saw streets blocked and “block parties” erupt. Valencia Street in the Mission was shut down, Chestnut Street in the Marina blocked, 9th & Irving in the Inner Sunset stopped, Market Street downtown packed, King and 2nd/3rd Streets in SOMA/Southbeach flooded, and those are just the areas we saw pictures of on our Facebook page.
As soon as the game was over sirens were blaring on firetrucks and police cars, “bombs” (read: very large fireworks of the M-80 variety) were going off, fireworks shot into the sky, and countless numbers of people driving and honking, and hanging out their windows and sunroofs were waving flags and screaming, “GIANTS!” as they raced through the San Francisco streets in celebration. Surely, many people are waking up today and wondering what hit them, and many more are wondering what is all the fuss…”they’re not ‘World’ Champs after all.”
Phew! It was awesome, it is awesome, but it’s that time. Put your Halloween costumes away (you had an extra day to wear it, you expect two?), go check out the parade tomorrow, high five everyone you know, kiss a stranger, show your support, bask in the glory, but for chrissakes….put your head back on straight will ya! You gotta work, and Brian Wilson called…he wants his f*cking beard back!
Not a whole lot of inventory has hit the market this week. A quick glance at the MLS today shows 43 new SFR (single family residence) listings. Of them, two are in the Sunset, three in the Excelsior, two in Crocker Amazon, two in Portola, and one in Bayview. All of the other new SFR listings are in other counties.
It makes sense. This is a big travel weekend and all. On the other hand, some people do make a point of getting out to look at properties during holiday weekends.
To round it out, there are 58 solds, 34 pendings, and 14 contingents. The end/beginning of this month always sees a “solds dump.”
From our reader:
Is any house in the central sunset worth 1.4 million? The average price in the central sunset 800k -900k.
Please take a look at 2960 22nd Ave, San Francisco which just came on the market.
…and the kitchen:
We must first say that this home is technically located in the Parkside, near Stern Grove and that area is quite nice. Having not actually been in the home, we can’t speak to the price, but if the pictures are any indication….oh wait, those are the before shots from the last sale in December 2007 at $900,000.
Read on for the after…. Continue reading
Lots of people yapping on and on about how San Francisco listing inventory is through the roof, sales volume is in the toilet, and both median and average home prices have plummeted, but the Fluj says:
Seemingly the perception is that there is a lot of inventory, but is there, really? And as for prices, come on now!
Discuss, debate, have fun.
…and kicking it off, we’ll go ahead and show you Fluj’s first comment in the thread to get you going:
Right, so, “Inventory.”
Seemingly the conventional wisdom is that there is a lot of it. Why the disparity between what buyers in the field are actually excperiencing and the media/blogs then?
I did a search for available properties. I used a metric that I believe to be extremely common for San Franciscans. This is a search for a couple or a small family who hope to buy something with room to grow into.
The parameters are: 750K to $1.205M, 3 brs, 2 bas, 1 car parking. I limited the search zones to only generally safe(r) areas. Essentially I included everthing except Ingleside, Ingleside Heights, and Oceanview, all of 9 save Bernal and Potrero Hill, and all of 10.
I turned up 82 properties.
1. Of the 8 Richmond properties, only one was east of Funston, and it is a cosmetic fixer on 7th Ave for 899K. (On the market for 7 days, offers Tuesday, you best to hurry if interested IMO)
2. Twenty-seven are in the central or outer Sunset.
3. For areas 3, the Arch st. listing appears to be a nice little Merced Heights home for 559 a foot. Many searchers will not entertain areas 3.
4. For areas 4, if they are not on a very busy street or a fixer, only Forest Knoll, and Miraloma Park areas 4-D and 4-H have properties for 550-600 a foot. Like 3, many buyers will not entertain areas 4 as it is not particularly central.
5. Surprisingly, for areas 5, there are only two Glen Park listings. In Noe, there is only 4120 22nd, a permitted fixer in need of at least 600K in capital. In Ashbury Terrace, only one cosmetic fixer I know to have received two offers already. And there is one large fixer property up on Grand View — and it doesn’t have any views.
6. There was nothing in 6. This was surprising.
7-8. Nothing here. Not surprising.
9. Eleven are in Bernal Heights and will not appear in the search perameters of many groups. Two in Potrero Hill. The Wisconsin listing is a total fixer on a corner with very little southern exposure and an entrenched tenant. The Rhode Island property at $1.195M and 663 a foot appears to be a decent deal for North Slope.
So is that a lot of inventory? I really don’t think it is.
It seems to be the week of getting edumucated on theFrontSteps. First chickens, now rising crime in Bernal Heights? We have no factual evidence to support what we’re saying, but the information has come to us from a very reliable and trustworthy source. We’re hoping you (the reader) can shed some light on the matter. We know some of you in particular might have better knowledge on the matter than we, so please share.
It’s too damn hot and nice outside to blog about San Francisco real estate today. Maybe when we come in for a lemonade we’ll get to some posts, but for now, the sun is blazing and we say, Eff theFrontSteps! Get outside and enjoy the weather, because you know it won’t last!
If you absolutely must get your fix, try starting up a conversation or posting some videos or photos to our social network. And of course, you could always go head to head with “the Fluj” about our Redheaded Stepchild, the Sunset.
As you know by now, we caught the Fluj, and those of you that are familiar with his opinionated writing about San Francisco real estate know that he is nothing short of extraordinarily gifted at firing people up, not to mention a wizard with MLS and various other stats to support his arguments about San Francisco’s resilience in this time of national doom and gloom.
So let’s see how it goes today:
I would like to show the surprising relative strength of the Sunset market [not the Sunset Super]. It seems to be everybody’s redheaded stepchild, you know? But it isn’t exactly tanking, is it?
We would have to agree with “the Fluj” on this one, but we’ll leave it to y’all to debate.
Recently, we’ve been contacted by more than a dozen Realtors asking if we could “plug” their listings. Typically, this is not something we do as it defeats the purpose, honesty, and transparency of this blog, but we got to thinking…why not? We could make a little $$ from it, and help get the word out about some pretty cool properties that happen to still be available. Truth be told, a lot of “tips” from “tipsters” are essentially “plugs” anyway. Right?
Well, don’t worry, we’re not going to start whoring ourselves out…yet. But what has us thinking is the increase in requests to do so for properties that have only been on the market 2-6 weeks. In any other part of the country having a listing for 4 months is normal, and panic usually sets in around the 6th month that it is not sold, so why such alarm after 2-6 weeks? San Francisco Realtors are so accustomed to homes flying off the shelf, and when they don’t…they PANIC! Remember, a listing isn’t a “Stalefish” until 100 days have passed, so why all the panic?
We still say it all comes down to pricing, pricing, pricing, and location, location, location, and there is no need for panic across the board. We’re still hearing many more reports of multiple offers and properties flying off the shelf than we are of properties sitting, but is the national trend finally starting to hit San Francisco on a broader level, not just the southern districts? We’ve heard reports of homes in the Inner Richmond, Cole Valley, Westwood Park, Bernal Heights, Inner Sunset, Noe Valley (Gasp!), Parkside, Potrero Hill, and a few other nabes getting a bit stale. Properties that previously would have sold in the blink of an eye. So what gives?
We want your thoughts, especially you Realtors. Go ahead and comment anonymously, we won’t tell. And we certainly hope to hear from the Fluj, who, in case you missed it, we caught.
[If you'd like to check out what we've written about other neighborhoods in San Francisco, look to the right hand column and "Browse Site by Category".]
Not your typical Central Sunset home to say the least. Enjoy being the first to get a look inside this 3 bed, 3 bath, custom built, view home at 1575 20th Ave (website and more pics will be up soon). Asking $1,285,000. This house is SWEET! (yes caps)
The living room:
The Master Bedroom:
The Master Bath (great views from that tub!)
One Guest room:
Our contact info: should you like to go take a look.
[Update: Website is now up, www.1575-20thave.com.]