Another busy couple of weeks in the world of San Francisco real estate. Yours truly FINALLY closed on the Mission Dolores condo I had for sale for what seemed an eternity. The pandemic really kicked us in the you know whats on that one, but it was also the market that spoke. There is stiff competition in the two bedroom condo category, especially two bedroom condos in the more densely populated neighborhoods around the city—which were all the ragé before Covid. If you’re in the market to buy or sell a condo around town, patience and flexibility are your best friends.
The single family market continues to be strong, especially on the West Side of San Francisco, pricing low is still the way to go, and with any luck (as a seller), you’ll land on the week’s top 10 Overbids.
| Address | BR/BA/Units | DOM | List Price | Sold Price | Overbid |
|---|---|---|---|---|---|
| 2551 39th Avenue | 3/1.00/N/A | 10 | $1,098,000 | $1,610,000 | 46.63% |
| 1766 10th Avenue | 4/3.00/N/A | 10 | $1,995,000 | $2,700,000 | 35.34% |
| 1822 43rd Avenue | 3/1.00/N/A | 8 | $995,000 | $1,300,000 | 30.65% |
| 88 King Street | 2/2.00/1409 | 23 | $1,095,000 | $1,420,000 | 29.68% |
| 259 Tocoloma Avenue | 3/3.00/N/A | 11 | $1,199,000 | $1,550,000 | 29.27% |
| 1963 McAllister Street | 2/2.00/4 | 6 | $995,000 | $1,275,000 | 28.14% |
| 157 Glenview Drive | 2/1.00/N/A | 14 | $998,000 | $1,275,000 | 27.76% |
| 62 Cresta Vista Drive | 4/3.50/N/A | 7 | $1,995,000 | $2,529,800 | 26.81% |
| 2047 44th Avenue | 3/2.00/N/A | 3 | $1,295,000 | $1,575,000 | 21.62% |
| 1736 Hayes Street | 2/1.00/ | 7 | $1,195,000 | $1,435,000 | 20.08% |
By way of update. Remember that wee little home at 190 Sea Cliff I told you about a while ago? You know, the $25,000,000 one with indoor basketball court and infinity pool that stares point blank at the Golden Gate Bridge? It sold for $24,000,000*, with multiple buyers interested. Noodle on that for a second….
I still have a couple amazing properties for sale, so have another look and bring us an offer!
Opportunity to restore a true San Francisco gem. With tax records showing a healthy 6825 Square feet, and including an undeveloped attic, your imagination can run wild with all the wonderful things this property could become. Period details galore, wood floors, storage space, yard, and a great NOPA location.
Escape the confines of typical city living in this wonderful urban oasis designed in 1904 by famous San Francisco architect, Conrad Meussdorffer, and redesigned by Riaz Taplin in 2013. Set in a stunning Russian Hill location perfectly situated to catch amazing Bay views from the sunken living room (with fireplace) or the expansive deck, which spans the entire width of the property, you can find your solitude in the private (exclusive use) garden, or walk the hills of one of San Francisco’s quintessential neighborhoods just out your door.
Every so often a property in San Francisco will come around that not only has the location so many people seek, but has been completely remodeled to the finest level of finishing work, and you simply must have it – 11 Shephard is that property.
Off Market Stuff
In addition to the above listings ready for you and your immediate purchase, I have a 2 bedroom condo coming at the Amelia (2185 Bush) that will be off market for a while, and for you super high price (over $15MM) ultra luxury buyers out there, I know of some truly amazing, one-of-a-kind homes not on MLS you might like—I’m talking truly amazing, unique, and unparalleled, so give me a shout if any of this sounds interesting to you.
Otherwise, Happy Aloha Friday! I hope you and your families are safe, healthy, and happy now and going forward. We all have to stay safe, wear a mask, be kind, and get through this. There is light at the end of tunnel!
–Track the market in real time, on your time: The Goods (Overbids, Underbids, Recent Sales, and Hot New Listings – Always)
–If you, or anyone you know, are in the market to buy or sell San Francisco / Bay Area real estate (on or off the market), give me a shout.