It’s On! Tons of New Listings | A $12M Glen Park Estate For Sale | Overbids | Market Data, Data, Data

Oh my, oh my…it’s like a kid in a candy store. So many choices, what is one to do!? As of right now (12:10pm) there are 168 new listings that have hit MLS in the last 24hrs…that’s nuts, but expected.

There are some gems in the mix, like the most expensive home to hit MLS, 47 Chenery, an extraordinary 10 bedroom, 11 bath Neo-Classical Estate in Glen Park asking $12,500,000…are you kidding me!? Look at this place.


Not my style, but man – oh – man could King Louis be replaced with Maniscalco and call this place amazing!
[Update: You gotta read what Curbed has shared about this property.]

So many cool properties to check out, and not enough time to tell you about them all, so feel free to browse all the Hot New Listings right here.

Since it’s Friday, I know you all expect your weekly top 10 Overbids, so here you go… (important to note, the top 20 Overbids you find on this page runs on a 14 day cycle, whereas this list below I refine to the past 7 days):

Address BR/BA/Units DOM List Price Sold Price Overbid
1718 12th Avenue 3/1.00/N/A 13 $1,195,000 $1,750,000 46.44%
2058 45th Avenue 3/1.00/N/A 13 $799,000 $1,100,000 37.67%
1030 Ortega Street 2/1.00/N/A 8 $998,000 $1,368,000 37.07%
3550 22nd Street 3552 2-4 Units 35 $925,000 $1,200,000 29.73%
2007 28th Avenue 4/4.00/N/A 13 $968,000 $1,255,400 29.69%
3624 Folsom Street 3/2.00/N/A 7 $1,428,000 $1,850,000 29.55%
1500 Plymouth Avenue 3/2.00/N/A 5 $1,425,000 $1,810,000 27.02%
54 Howth Street 2/1.00/N/A 10 $799,000 $1,008,000 26.16%
28 Rebecca Lane 2/2.00/N/A 15 $699,000 $866,000 23.89%
1287 37th Avenue 4/2.00/N/A 0 $1,395,000 $1,710,000 22.58%

Finally, since it’s been so long, what the hell is the market doing?

On August 22nd Pacific Union released their July recap, and in so many words confirmed the strength of our market, “Home prices rose in all nine Bay Area counties on an annual basis, ranging from 1.3 percent in Contra Costa County to 12.7 percent in Sonoma County. For the second time this year, the median price in San Mateo County hit $1,500,000, tying its all-time high, according to historical housing-market data from CAR. Like last July, the Bay Area is home to California’s other three seven-digit housing markets: San Francisco ($1,428,000), Marin ($1,224,000), and Santa Clara ($1,165,000) counties.”

Keller Williams Report pretty much says the same thing, and if you want to go crazy nuts into detail, Patrick Carlisle over at Paragon Real Estate gives you more data and analysis than you could possibly ever want, and sums up nicely what has happened the past couple months, and what might be in store.

Generally speaking, late summer market dynamics (or, for that matter, during the mid-winter doldrums) are not of great significance and do not tell us much about where the market is heading. September, however, is usually the single month with the greatest number of new listings hitting the market in San Francisco, and that surge fuels sales through mid-November, when activity begins to plunge. The coming two months will be the next major indicator: Will the SF market continue to maintain the intense high-demand, low-supply heat of this past spring, or will it cool? While the entire market is affected by seasonality, the luxury home segment is fiercely so, and the next couple months will be the peak selling period for high-end homes until spring 2018 rolls around.

And if that’s not enough for you, you can always give me shout, buy me a beer, and I’ll be happy to share my two cents.

Happy Aloha Friday! Go play.

SOLD | Victorian Single Family in Cole Valley / Haight Ashbury | $2,250,000 Off Market

This wonderful late / early century Victorian home has all the right bones in all the right places, including a grand entryway / staircase, wood floors, fireplace, high ceilings, large garage, 4 bedrooms, yard, and potential, potential, potential.

Summer Break

The blogging aspect of theFrontSteps is closed for Summer Break. Expect little to no new blogging content until middle of August.

Photo Credit @Curren_29

To track new listings, recent sales, overbids, underbids and more, citywide or in your neighborhood, please keep your eyes on The Goods. Data updates daily on that site, and should keep you going all Summer long.

I am still actively helping buyers and sellers throughout the Summer, so if you, or anyone you know, need help with Bay Area real estate selling or purchasing, please contact me via email, or in the form below. I currently have a couple pocket listings to be had off market, and I know of a ton more for you starving buyers.

Happy Summer!

Contact me for free property valuations, to talk market, submit an offer, or find a lender:

SOLD | 707 Cole St. | Cole Valley | $2,606,000

Quite possibly one of the busiest sets of open houses I’ve ever held, with nearly 250-300 people through the door, 707 Cole St. has changed hands to a pair of wonderful people that will hopefully enjoy this home as much as my clients did. Listed for $2,495,000, in the end it didn’t go nuts, but we still got over list and closed at $2,606,000.

On a side note, I have TWO properties in Cole Valley that are similar to this, and they are not on MLS. So if you, or anyone you know, are interested in an off market Cole Valley property, get in touch.
—–
707 Cole Marketing Remarks:

This timeless Cole Valley single family home situated in one of the most desirable locations in all of San Francisco is a circa 1896 Victorian loaded with period details and charm, and updated for today’s standards. Just two blocks to the heart of Cole Valley, the N-Judah, Golden Gate Park, Haight-Ashbury, and so many more iconic San Francisco locations, this is truly a must-see property.


Carefully maintained to preserve the era in which it was built and upgraded with the finest modern amenities, 707 Cole features a formal entry/foyer and grand staircase leading upstairs to three of the four generously proportioned bedrooms (including master with it’s own fireplace), one bathroom, and conveniently located stackable washer and dryer. The entire top floor is bathed in natural light and period charm, including well preserved, beautiful original wood floors, and access to the large attic.

The main level features gorgeous, newly refinished wood floors, a formal living room with fireplace, a formal dining room, also with fireplace and wonderful French doors that open to a private outdoor deck perfect for indoor/outdoor living when San Francisco weather delights. Also on this level is the modern kitchen with bar seating, granite countertops, custom cabinets, recessed lighting, Viking Gas Range, stainless appliances, and windows looking out on the Japanese maples and large avocado tree in the professionally landscaped backyard.

The recent, down to the studs, remodeled ground floor is a perfect space for extra guests, playroom, home office, or your teenager that wants his/her privacy. Complete with wood floors, open flow, custom wood closets and cabinetry, a modern bathroom addition, and amazing floor to ceiling pivot door that brings the outside in and truly makes the transition from indoor to outdoor living seamless, this fourth bedroom is a wonderful addition to the already amazing home. Also on this level is garage parking for two cars, and interior access to the mudroom with custom wood cabinets and heaps of additional storage for all of your toys, bikes, skis, boots and shoes.

The backyard was professionally designed and maintained with seating areas, lush plantings, excellent flow, and low maintenance artificial turf for year-round enjoyment.

Property Details:
List Price $2,495,000
SOLD: $2,606,000, cash, 7 day close, multiple offers
Year Built 1896
4 bedrooms
3 baths
2 Car parking
Formal Dining
Formal Living Room
Formal Entryway
Grand Staircase
High Ceilings
3 Fireplaces (decorative)
Wood Floors
Designer Lighting
Modern Kitchen
Gas Range
Landscaped Backyard
Artificial Turf
Solar Panels
Seismic Upgrades
Large Attic
Washer & Dryer
Nest Thermostat
New Double Paned Windows
High Efficiency Furnace
Tankless Water Heater
A+ Cole Valley Location

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

For Sale | 707 Cole St. | Cole Valley | $2,495,000

This timeless Cole Valley single family home situated in one of the most desirable locations in all of San Francisco is a circa 1896 Victorian loaded with period details and charm, and updated for today’s standards. Just two blocks to the heart of Cole Valley, the N-Judah, Golden Gate Park, Haight-Ashbury, and so many more iconic San Francisco locations, this is truly a must-see property.


Carefully maintained to preserve the era in which it was built and upgraded with the finest modern amenities, 707 Cole features a formal entry/foyer and grand staircase leading upstairs to three of the four generously proportioned bedrooms (including master with it’s own fireplace), one bathroom, and conveniently located stackable washer and dryer. The entire top floor is bathed in natural light and period charm, including well preserved, beautiful original wood floors, and access to the large attic.

The main level features gorgeous, newly refinished wood floors, a formal living room with fireplace, a formal dining room, also with fireplace and wonderful French doors that open to a private outdoor deck perfect for indoor/outdoor living when San Francisco weather delights. Also on this level is the modern kitchen with bar seating, granite countertops, custom cabinets, recessed lighting, Viking Gas Range, stainless appliances, and windows looking out on the Japanese maples and large avocado tree in the professionally landscaped backyard.

The recent, down to the studs, remodeled ground floor is a perfect space for extra guests, playroom, home office, or your teenager that wants his/her privacy. Complete with wood floors, open flow, custom wood closets and cabinetry, a modern bathroom addition, and amazing floor to ceiling pivot door that brings the outside in and truly makes the transition from indoor to outdoor living seamless, this fourth bedroom is a wonderful addition to the already amazing home. Also on this level is garage parking for two cars, and interior access to the mudroom with custom wood cabinets and heaps of additional storage for all of your toys, bikes, skis, boots and shoes.

The backyard was professionally designed and maintained with seating areas, lush plantings, excellent flow, and low maintenance artificial turf for year-round enjoyment.

Property Details:
List Price $2,495,000
Year Built 1896
4 bedrooms
3 baths
2 Car parking
Formal Dining
Formal Living Room
Formal Entryway
Grand Staircase
High Ceilings
3 Fireplaces (decorative)
Wood Floors
Designer Lighting
Modern Kitchen
Gas Range
Landscaped Backyard
Artificial Turf
Solar Panels
Seismic Upgrades
Large Attic
Washer & Dryer
Nest Thermostat
New Double Paned Windows
High Efficiency Furnace
Tankless Water Heater
A+ Cole Valley Location

Showing Schedule:
Saturday 6/17 1-4pm
Sunday 6/18 1-4pm
Tuesday 6/20 12-1:30
Saturday 6/24 1-4pm
Sunday 6/25 1-4pm
Offer Date TBD after first weekend open houses

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

For Sale | 2154 A Market St. | Duboce Triangle | $1,295,000

Don’t let the address fool you…this property is a slice of heaven in one of San Francisco’s most hip, lively, and sought after neighborhoods, literally on the borders of Duboce Triangle, Upper Market/Castro, and Mission Dolores neighborhoods.


[Interior images are from prior listing.]

Situated at the rear of the property, and not fronting the street, amongst towering trees and urban gardens, 2154 A Market Street is a beautiful oasis in the heart of the action. This top floor, late 1800’s Victorian with amazing period details features soaring ~12 foot ceilings, triple crown molding, original wood floors, a large open living room with wood burning fireplace, two generously sized bedrooms, a formal dining room with tons of natural light, an open and bright kitchen with modern appliances, Fisher Paykal refrigerator, ceasarstone countertops, and breakfast nook, stackable washer & dryer, shared outdoor space, additional storage, and parking for one car.

The variety of entertainment, dining, public transportation, bike routes, and city life immediately out your front door is astounding. Make this your home, and be the envy of all your friends.

Property Details:
List price: $1,295,000
2 bed
1 bath
1 car parking
Condominium
High Ceilings
Original Wood Floors
Victorian Details
~12′ Ceilings
Fireplace
Washer & Dryer
Cottage is in Rear of Lot
Common Area Outdoor Space
HOA Dues: $317.32/mo includes water, garbage, gardener, and accountant

Showing Schedule:
Saturday 6/10 1-4pm
Sunday 6/11 1-4pm
Tuesday 6/13 12-1:30

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

SOLD | 2139 15th Ave | Inner Parkside | $1,850,000

Another multiple offer situation, another happy buyer thrilled to beat out 10 others for this amazing home at 2139 15th Ave in the Inner Parkside. It’s not easy to win as buyer in the Single Family market in San Francisco, but with the right strategy, right relationships, and right approach your odds increase tremendously.


My clients were lucky enough to win on their first offer, which is reason enough to celebrate.

Congratulations to everyone involved, and thanks to the other agent for a smooth and effortless transaction.

Property Details:
$1,850,000
4 bed
3 bath
1 parking
Remodeled Kitchen
Master Suite
2124 square feet
Hardwood Floors
Fireplace
Designer kitchen
Amazing Views
Decks
Landscaped Yard
Washer & Dryer

From the marketing:

This thoughtfully remodeled home honors the past with carefully preserved vintage details and old world charm throughout. The open arches in the living room, dining room and kitchen are masterfully placed to showcase a wall of west-facing windows and dazzling ocean views. The main level boasts two expansive bedrooms and an oversized hallway bathroom. The walkout deck on the lower level unfolds from a reimagined master suite added with permits in 2012. Similarly, the ensuite guest room on this level offers a quiet and serene retreat. A one car garage with interior access, a laundry vestibule adjacent the master suite, and landscaped front and rear gardens with drought resistant plants complete this remarkable home.

If you, or anyone you know, are looking to buy or sell San Francisco/Bay Area real estate, please don’t hesitate to contact me.

2139 15th Ave Property Detail page

SOLD | 323 Church St. #A | Mission Dolores | $1,525,000

I’m pleased to report the successful off market close of my clients’ amazing condominium in a smooth and effortless transaction. Congratulations to the buyers, and my clients (the sellers). It has been a great deal all around.

Talk about a great location…

Remodeled in 2015 and only lived in by one owner since, this home has softwood floors, high ceilings & period details.

The light & airy living room has new double-paned windows & a decorative fireplace. The remodeled kitchen features Carrera marble counters, wood floors, stainless appliances, including a Bertazzoni Gas range & stackable washer & dryer. It has a lovely, separate dining area with soaring windows viewing lush greenery and open space. The kitchen leads onto a back staircase with easy access to the garden.

This flat features two lovely bedrooms and a home office/den. The tiled bathroom has a shower over bathtub & vanity. The lush common garden is perfect for entertaining. Deeded 1 car parking w/ additional storage. Walk score 98. 1 block to tech buses, shopping, MUNI & restaurants. Walk to Dolores Park, Valencia Corridor & Castro.

Property Details:
$1,525,000
NOT ON MLS
Victorian Flat
2 bedroom
1 bath
Den/Office
Soft & Hardwood floors
High Ceilings
Decorative Fireplace
Designer Lighting
Period Details
Double Paned Windows
Bertazzoni Range
Carrera Marble Countertops
Washer & Dryer
Parking
Shared Yard
Storage
A+++ Location

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

San Francisco Median Home Price Hits All Time High

San Francisco’s continued hot housing market reflects the incredibly strong full-employment economy that the Bay Area and the U.S. is experiencing. Not only is unemployment in San Francisco historically low (3.3%), but also the number of employees who are involuntarily part-time is falling and older workers are remaining in the work force longer.

The impact of all of this very healthy jobs data is twofold: continued strong demand for our high-priced San Francisco housing; and fewer older workers retiring and moving out of the city. In fact, the number of new homes for sale year-to-date is 15.9% lower than in 2016, and the lowest number in the last 13 years. That combination of strong demand and fewer homes coming on the market led to the median sold price for single family homes rising to its highest level on record, $1,407,000, in April. That’s 1.99% higher than April, 2016.

The resale condo/loft/TIC market is competitive, but not quite as much. Prices have bounced around a bit, up one month and down the next. April’s median sold price, $1,100,000, was down a bit from February and March, and down 3.3% from April, 2016.

The number of new condo/loft/TIC listings coming on the market in April declined even more sharply, 33.5%, than March’s 25.8% drop. Inventory stands at 2.3 months, down from last April’s 3.0.

Competition among buyers is fierce, with most properties still receiving multiple offers. For single family homes, the median percentage overbid was 114%, up from April 2016’s 111.7%. Condo/loft/TIC buyers dropped their overbids a tiny amount, 102.3% of list price, versus 102.4% last April.

To say it another way…San Francisco real estate continues to roar on at a blistering pace, especially for single family homes, and especially if those homes are still under $1.5M. If you’re considering a move/sale, now is a great time.

SOLD | 456 Belvedere | Cole Valley | $4,500,000

Congratulations to my buyers that just scored this AAA located Cole Valley home at 456 Belvedere. We were the first people to see it, and we wrote an offer that day. They went big and fast to win, and I told ’em they can’t ever move. It’s that kind of house. It’s that kind of market, and it’s those kinds of tactics that get you property in San Francisco. This market waits for nobody.