Sell A Home, Save The Planet

We live in an incredibly beautiful location here in the Bay Area with amazing parks and recreation at our fingertips, and serene natural environments literally just minutes from a bustling city that affords us the opportunity to escape it all. Sadly, we’re polluting the hell out of ourselves and our environment, and it’s got to stop.

The beaches I frequent to surf are riddled with plastics and trash, the sea level is definitely rising eroding our shores, snow levels continue to rise forcing us to ski more rain days than I have ever in my life, Lake Tahoe is filled with beer cans, bottles and trash, it’s clarity diminishing, and “spare the air” days are becoming way too common in San Francisco. So what can we do?

I just joined 1% for the Planet, which means that 1% of my earnings will go towards supporting the environment and 1% for the Planet certifies my giving. It’s an iron-clad way for me, and you, to put money earned from your transaction and donate to non-profits fighting the fight of reversing the downward trajectory of our environment and everything we take for granted.

In the words of Craig Matthews, co-founder of 1% for the Planet, “If we just take, take, take, and give nothing back, we’re going to have nothing in the end…” Sadly, that’s the truth, but luckily Yvonne Chouinard, Founder of Patagonia has sage advice for all of us, “Don’t get depressed, get angry.”

I try not to get angry in my daily life, even when my kids refuse to do what I ask them, and I hope every transaction I do is free from drama, but I have to admit, I’m a little upset about the cleanliness of the world we live in, so I’m taking action.

I’ve given to many charities in my time as a Realtor, and I will continue to give to many more, but it’s time I take it up a notch on the environment, and do more by guaranteeing, no matter what, I donate.

There are numerous non-profits on the 1% for the Planet roster, so if there is one in particular you’d like me to donate to after the close of your transaction, do not hesitate to let me know.

If you’d like to get involved on your own, you can learn more at onepercentfortheplanet.org.

In the meantime, let’s get some property sold, and help save our environment.

For Sale | 875 La Playa Unit 179 | Outer Richmond / Ocean Beach | $779,000

Whether you’re looking for a starter home, Pacific Ocean view pied-a-terre, or simply an Ocean Beach property for the right price, 875 La Playa unit 179 is just the ticket.


Situated on the ground floor and just steps from Ocean Beach, this wonderful Outer Richmond residence features an open living/kitchen/dining area, spacious bedrooms, en-suite bathrooms, updated kitchen with stainless appliances and granite countertops, a patio with direct access to the common area/courtyard, a private balcony accessed from the living area and guest room…oh…and VIEWS! Views, views, views. On a clear day you can see the Farallon Islands, and on any given day you can watch ships sail in and out of the bay, whales breaching, dolphins playing in the surf, fishermen, dog walkers, runners, cyclists, surfers, and all of the wonderful things living by the beach affords.

In addition to the well maintained unit with breathtaking views, you also get parking for one car in a large underground garage, a private storage facility, and gym, art, and woodworking rooms.

This home is walking distance to the bustling Balboa Corridor Shops and Restaurants (Have you tried Miki or Shanghai Dumpling King? What about Chino’s?), but it’s also a stone’s throw from: Land’s End hiking trails; the ruins of Sutro Baths; Sutro Park; Cliff House & Beach Chalet Restaurants; Lincoln & Golden Gate Park golf courses; Beach Chalet Soccer Fields; Golden Gate Park; Safeway; and so much more. The location of this property also makes for an easy commute to the South via the Great Highway, East via 5 Fulton, 38 Geary, and 31 Balboa Muni Buses, as well as proximity to the Golden Gate Bridge and points north. If you want to go West, you’ll need a boat.

It’s just a matter of time before the Outer Richmond really gets “discovered” so get in while the gettin’s good.

Property Details:
List Price: $779,000
1306 Square Feet (per tax Records)
2 Bedrooms
2 Bathrooms (both en-suite)
1 Car Parking
1 Storage Unit
Updated Kitchen
Updated Bathrooms
Open Living/Dining/Kitchen
Patio
Private Balcony
Pacific Ocean Views
In Unit Washer & Dryer
HOA dues $733.34 per month (water, garbage, outside management, on-site manager, maintenance, repairs, building insurance, reserves)
Common Areas (Gym, bike storage, BBQ area, woodworking and art rooms)
Close to Public transportation

Showing Schedule:
By Appointment only
Sunday Open House 2-4pm

Exclusively listed by:
Alexander Clark
Keller Williams Luxury Realty International
theFrontSteps.com
alexclark@gmail.com
415-254-5351
BRE#01339386

217 Single Family Homes For Sale In San Francisco … Right Now … That’s It

In the past 7 days, there have been only 23 single family homes come on the market in ALL of San Francisco…16 of those homes hit the market today. Total, there are currently only 217 single family homes “active” for sale in ALL of San Francisco, a city of around 865,000 permanent residents.

There are currently 217 people looking for a single family in the Outer Sunset alone!

Chew on that for your weekend commute.

Happy Aloha Friday, here are your top 10 Overbids:

Address BR/BA/Units DOM List Price Sold Price Overbid
436 Valley Street 3/1.00/N/A 12 $1,195,000 $1,821,300 52.41%
387 Silver Avenue 389 2-4 Units 16 $999,000 $1,520,000 52.15%
4388 23rd Street 1/1.00/N/A 7 $749,000 $1,065,000 42.19%
208 Banks Street 2/2.00/N/A 10 $1,195,000 $1,620,000 35.56%
1622 35th Avenue 5/2.00/N/A 13 $1,349,000 $1,825,000 35.29%
771 Teresita 2/1.00/N/A 16 $1,088,000 $1,470,000 35.11%
2 Seal Rock Drive 2/1.00/N/A 12 $895,000 $1,200,000 34.08%
703 San Bruno Avenue 4/2.00/N/A 16 $1,495,000 $2,000,000 33.78%
647 28th Avenue 3/1.50/N/A 17 $899,000 $1,200,000 33.48%
1282 18th Avenue 3/1.50/N/A 4 $1,350,000 $1,800,000 33.33%

Prosst!

Inventory Price Watch – San Francisco

My friends over at Trulia asked me to share this report with all of you. Before you dive into it, it’s important to note, according to my numbers, research, and data, Trulia calculations in this article are pretty far off the mark, and a damn good reason why you should always contact a real estate professional in your area before making ANY decisions on whether to buy/sell based on online listing calculations and valuations. You need boots on the ground. That said, have a read, as despite the ridiculously low (some would argue affordable) prices mentioned below, there is some great info to be digested if you’re in the market now, or might be in the future.


In today’s tight housing market, affordable homes are more of a scarcity than their luxury counterparts. Starter home inventory is critically low, especially in a hot market like San Francisco where everyone wants a piece of the pie.

According to Trulia’s Market Mismatch, a score given to each metro area that reflects the difference between price point search demand and corresponding availability, starter and trade-up homes comprise just 45.8 percent of available listings nationwide. Yet, 60.5 percent of all home searches are for homes in the starter and trade-up home categories. Essentially, there are fewer options for the increasing number of first and second-time home buyers, leading to greater demand which tends to boost home prices in the process. Meanwhile, premium home buyers see a 14.7 percentage point excess of listings compared to demand.

First-time home buyers in San Francisco may be at a slight disadvantage, but preparing for the road ahead helps ensure you can transition into homeownership seamlessly. Consider the current prices and inventory in the San Francisco metro area – and what to expect when starting your home search this year.

What’s a San Francisco Starter Home Cost?
Per Trulia’s latest Inventory and Price Watch Report, the median home price in San Francisco is $778,667 [Editor’s note: I’m not quite sure where they got this number, as our reports for median single family homes run closer to $1,350,000…but let’s roll with it.]. For trade-up buyers considering San Francisco real estate, the median list price is $1.17 million. Luxury home buyers face a median list price of slightly under $2.7 million.

In the third quarter of 2017, there were 230 starter homes, 215 trade-up homes and 417 premium homes available for sale. Starter and trade-up listings comprised 26.7 percent and 25 percent of market share, respectively. Premium homes, on the other hand, made up almost half of all for-sale listings during the quarter.

Not only do they have the most options, premium home buyers spend the smallest share of their income on home purchases at a healthy 30.9 percent. Trade-up and starter home buyers spend drastically more of their income, 62.4 percent or more, mostly due to exorbitant home prices in the area. Given how far San Franciscans stretch their wallets to afford home-ownership, it’s best to contact a mortgage professional to determine how much a home purchase will cost now and in the long run.

When to Find the Best Deal

Bearing in mind the steep costs of San Francisco homeownership, timing your first-time home search based on market trends is imperative, especially if you’re looking to buy in a popular neighborhood. Take Historic Russian Hill homes, which could cost somewhere around the neighborhood median price of $1.65 million. Even a modern condo in SoMa, a slightly less expensive community closer to the urban core, might cost upwards of $800,000, which is the current median price for a one-bedroom home.

When it comes to inventory, San Francisco starter homes are most plentiful at the end of the year. On average, first-time buyers benefit from 33.7 percent more starter home listings in San Francisco in the fourth quarter compared to the first quarter of the year. Simply put, more inventory gives buyers better bargaining power and the ability to find the right place in a reasonable time frame. Heightened supply also tends to help home prices soften, but the impact is not immediate. This is likely why San Francisco starter homes wind up 8.7 percent less expensive in the beginning of the year – just a few months after inventory peaks – than they are in the third quarter.

Assume the home search process takes at least a month or two. That means first-time home buyers who search when inventory is highest at the end of the year could theoretically put in offers at the beginning of next year, when list prices are lowest.

Based on the data, now is a great time for San Francisco home buyers to get serious about their search, especially with potential mortgage interest rate hikes forthcoming next year. To discuss the benefits of owning your own home in San Francisco along with listings currently available in your price range, contact San Francisco Realtor Alexander Clark today.

Jennifer Riner is a real estate marketing professional whose work has been featured on Zillow, Forbes, Inman News, and more…and I thank her for this post.

As mentioned above, this is a great article with a lot of great info, and should be one of many pieces of the puzzle when considering the best time for you to buy or sell in and around the San Francisco / Bay Area.

Pray for snow!

Buying Or Selling I Got Your Back…Another Great Testimonial

Just got this in from my clients I helped sell 754 18th Ave and buy 2139 15th Ave:

Alex helped us sell our home and buy a new home, both in San Francisco in 2017. Alex understands the market very well and brought a skilled team of stagers, painters and handymen to prepare our home for sale and make it look great. They’re a good group to work with, they all know what sells in the current market and got our place ready and looking great in quick time. Alex’s sales and marketing skills are one of his strengths.

The sale price of our home exceeded our expectations and set a new high for the neighborhood. On the buy side, once we found a home we wanted, Alex was a tiger in pushing our bid forward against multiple competitive offers. It helped that Alex had a prior working relationship with the seller’s Realtor. After some negotiation, our bid was accepted and we’re very happy in our new home. Thanks to Alex.

In both buy and sell transactions, Alex stayed closely involved throughout and handled any bumps. You can trust Alex to take care of your buying or selling of your home.

p.s. we’re very happy with our new home, love the views, garden, great location and neighborhood…thank you!
Cheers
Denis and Mercy

Congratulations to the both of you, and thank you for the great testimonial.

754 18th Ave, Central Richmond [theFrontSteps]
2139 15th Ave, Inner Parkside [theFrontSteps]

Just Shy of $1,000,000 OVER Asking…and Nine Other Overbid Head Spinners

It’s kind of like an “own-goal” in Soccer (Internationally referred to as Football)…sometimes you just gotta put your head down and accept the disbelief…

San Francisco’s Top 10 Overbids, with 1 Miguel on top selling just shy of a staggering $1,000,000 over asking:

Address BR/BA/Units DOM List Price Sold Price Overbid
1 Miguel Street 3/2.50/N/A 2 $1,675,000 $2,600,000 55.22%
2306 41st Avenue 2/1.00/N/A 12 $799,000 $1,155,000 44.56%
106 Edna Street 3/2.00/N/A 15 $1,098,000 $1,575,000 43.44%
275 London Street 3/2.00/N/A 14 $995,000 $1,415,000 42.21%
263 Duncan 2/1.50/ 7 $1,149,000 $1,600,000 39.25%
350 Joost Avenue 2/1.00/N/A 7 $799,000 $1,100,000 37.67%
248 Elsie Street 2/1.00/N/A 12 $1,095,000 $1,480,000 35.16%
18 Abbey Street 2/1.00/ 10 $950,000 $1,275,000 34.21%
104 Marview Way 3/1.00/N/A 14 $985,000 $1,320,000 34.01%
1717 Alabama Street 3/2.00/N/A 8 $1,550,000 $2,060,000 32.90%

In case you missed that “DOM” on 1 Miguel, it’s a 2, as in two days on the market.

Have a great weekend. Come visit me at 740 Clayton and take a look at this one-of-a-kind property before it’s gone.

FOR SALE | 740 Clayton | Haight-Ashbury / Cole Valley | $2,495,000

First time on the market since the 1960’s, and currently used as a Church, 740 Clayton is a true (circa 1906) Victorian gem just waiting to be restored to its original glory, or developed to the max (zoned RH-3), situated on a massive L-shaped lot with 38 feet of frontage, and containing an additional structure / cottage in the rear.


The main level features a grand entrance, and staircase, large open area, kitchen, and half bath.
Second level has 4 bedrooms, 1 bath, 2 fireplaces.
There is an unfinished attic with incredible views, and an unfinished basement level.
Period details abound, Hardwood floors underneath carpets, fireplaces have been covered up, and property has a fire sprinkler system.

This is a one of a kind property in an A+ location that doesn’t come around that often.

Property Details:
List Price $2,495,000
Built 1906
Large L-Shaped Lot
4652 Square Foot Lot
38 feet frontage
Zoned RH3
4 beds
1.5 baths
3 Fireplaces
Hardwood Floors
Additional Structure in Rear (approximately 400 square feet)
Unfinished Basement
Parking for many cars

Showing Schedule:
By Appointment only
Saturday & Sunday Open House 2-4pm
DO NOT DISTURB CHURCH SERVICES

Exclusively listed by:
Alexander Clark
Keller Williams Luxury Realty International
theFrontSteps.com
alexclark@gmail.com
415-254-5351
BRE#01339386

San Francisco Real Estate Market Report October 2017

Single Family Homes:
September’s median sales price continued its predictable seasonal backing off from its Spring peak in May of $1,475,000, off by 8.5% to $1,350,000. Prices are still up 10.9% above September, 2016.

Inventory is up from August’s 1.9 months to 2.1 months. The number of new listings on the market year-to-date is down 7% from 2016 while the number of sales is up 2.6%.

The incredibly tight supply coupled with strong demand kept the level of overbids high as well, up to 115.6%, higher than last September’s 108%.

86.3% of single family homes sold above the list price, up from 77.5% last September.

Condo/Loft/TIC’s:
Median sold prices are up 7.8%, to $1,100,000, compared to September 2016’s 1,020,000.

Inventory is at the highest level so far for 2017, at 2.9 months. That is still down 17% from last September’s 3.4 months. Like single family homes, the number of Condo/Loft/TIC listings are also down year-to-date compared to 2016, by 8.2%. However, unlike single family homes, sales are down, by 0.5%.

The slightly more balanced condo/loft/TIC market is keeping sold prices closer to list prices, at 101.1% of list price. This compares to last September’s 101.4%.

In September, 55% sold above list price, off from August’s 61% and last September’s 58%.

SOLD | 1143-45 Jackson | It’s a Good Story…

I had the pleasure of representing some repeat clients on their purchase of this well located and highly sought after two unit property at 1143-45 Jackson for $2,150,000. We had to go to battle, for sure, but in the end we beat out 11 other buyers (including one higher) to seal the deal. The story on this is very interesting…


My clients really wanted this property, despite having just recently (2 weeks prior) purchased another property in the neighborhood. Listed for $1,688,000, it was anybody’s guess where 1143-45 Jackson would go, so we guessed $1,850,000 as our original offer (cash, 7 day close, no contingencies) would “get us a seat at the table”. Well…it almost got us kicked out of the club as we were the LOWEST of 11! Laughable, but not laughable. Many agents would stop there. Not me.

I practically begged to be involved in a multiple counter, and advised the listing agents we could go higher, but simply didn’t know where to begin. So we got the counter from sellers at $2,150,000…and it was ours, because we had excellent terms and a well put together offer package. BUT! We countered at $2,125,000, which was a risky move and could backfire. It backfired. The sellers said they were accepting a higher offer than ours, because we didn’t go where we needed to go. We were devastated.

Then we got the call…the other buyer was M.I.A., and so we could again have the property at $2,150,000 if we could get it signed within 30 minutes. While cooking Salmon on the barbecue, and managing my starving children, I was able to sit down to Docusign (our electronic signature system) between grill checks, some flames, and occasional shouts of “the fish is on fire dad!” to get the counter sent to my buyer, signed, and back to the seller within 10 minutes. Fish off the grill. White wine and milk poured. Napkins in laps. Mahlzeit.

They put the other buyer in “backup” position, in case we faltered. We closed 7 days later.

That’s probably more story than you needed to hear, but that’s how you get it done for your buyers in this market.

Congratulations!

Some Epic San Francisco Homes Still Without Buyers

As you know, I put a lot of attention on the Overbids, as they are truly jaw dropping and it’s amazing they just keep happening all over the City for the better part of a decade. But something that often goes under the radar is a little something I used to call Stalefish, but now refer to as the 30+ club…properties on the market 30 days or more.

This is for you buyers that think everything that hits MLS is gone two weeks later, so don’t even bother checking back. Not true. Many a property you would think goes in a flash, sometimes sits and begs for a buyer just like you.

Take for example, 4261 23rd Street in Noe Valley:

a complete, down to the studs home renovation, including new foundation and seismic upgrades, and designed by renowned architects Dumican Mosey…still on the market after 31 days (an eternity in San Francisco). Priced at $3,795,000 that price is getting more negotiable by the day. Might be worth a second, or maybe first look.

Have a look also at 125 25th Ave:

You’ve seen this house, tucked off the street on 25th Ave just before you get to El Camino Del Mar, right on the edge of Sea Cliff. Originally built in 1916 as a carriage house, and now on the market for the first time in 40 years, this home may have come across your radar, then vanished…alas, it’s still sending a signal and that signal is “make me an offer”…now 59 days on the market.

How about one more? If you’ve ever been to Russian Hill, had to endlessly circle the blocks and look for parking, you’ve surely seen this building:

As luck would have it, this home, the Livermore Polk House II “is a magnificent four bedroom home designed by Willis Polk with exquisite Mission/Spanish Colonial Revival architectural details and gracious timelessness in every room.” A rare home indeed, and (unless MLS is not accurate) 147 days on the market.

All of these homes are easy to search and track on my page of The Goods, called 30+*. You can filter the page by clicking “Filters” to the left of the search bar, and search for all of the same properties I peruse every day.

If you find something you like, you can easily share it with your friends, get their opinions, go see it, the whole 9 yards. There are deals to be found, and there are usually many, many homes on the list you would have already expected to be sold. Check it out, and contact me if you have any questions.

Happy Monday to everyone. What a glorious San Francisco weekend that was, and continues to be for many of you fortunate enough to not be working today. My thoughts and well-wishes go out to all of those in Napa/Sonoma battling the fires. As for us San Franciscans wondering when our air will clear, according to the multitude of wind sites and apps I check daily, we should have some onshore flow this afternoon to blow it out…but then winds clock back around from the N/NE this evening, so expect smoke back in the City tonight and tomorrow morning.

*Are you a real estate agent wondering how to get this same information to your sphere? Here’s how: http://thegoods-sf.com (new version coming soon).

The Goods 30+ Club

[Data of 30+ properties is deemed accurate, but not guaranteed. Information pulled for SFAR MLS and subject to agent input, which means if the agent hasn’t updated the MLS, that information is not sent to us.]