2342 42nd Ave., a 3 bed, 3 bath single family in the Outer Parkside. What I don’t like is the fact that in August of 2006 this property was listed at $1,095,000, then in March of 2007 listed at $899,000, now it is listed at $1,295,000. If it sells at $1,295,000, I’m packing up and moving to … Continue reading Tuesday Tour: Didn’t Like
Category: market info
Art selling condos at 170 Off Third
170 Off Third announces the completion of South Beach’s newest public/private art installation. The 170 Off Third sales team will be hosting a special reception on Tuesday April 24th between 2:00 pm – 4:30 pm. You are welcome to attend. They are showcasing Alexei Kazantsev’s vision for the 120-foot “Gods of Baseball” sculpture that stretches … Continue reading Art selling condos at 170 Off Third
For the love of Florence!
Could somebody please help this property sell? We just posted about 1940 Broadway and how it is practically flying off the shelf (as are most A+ properties), but for some reason 1 Florence #6 and #1 (package deal), a penthouse condo in Russian Hill, can’t get off our Stalefish ™ list. (Only available through the sfnewsletter.) They … Continue reading For the love of Florence!
A Lamp and Views for $5.6MM
1940 Broadway #9, a 3 bed, 3.5 bath stock cooperative in Pacific Heights has an accepted offer. HOAs are $2033. They’re asking $5,600,000, and have been on the market 18 days. This was the view in 2005: Only difference…HOAs were only $1567. Oh yeah, we almost forgot, and it sold for $4,650,000. Yah….you know….that high end … Continue reading A Lamp and Views for $5.6MM
Done Deal In Sea Cliff
With a room like this, how could you resist? Yet another high-end sale took place recently, 632 El Camino del Mar (Villa Vecchia), a 5 bed, 5.5 bath, 6348 square feet, shall we say Mansion, recently closed for $7,950,000 (same as asking, according to MLS.) It is just another one of those unique properties … Continue reading Done Deal In Sea Cliff
Why’s this keep happening to me?!
Here we have a 3 bed, 1.5 bath condo at 256 Page built in 1885 asking $899,000 (perhaps a little low, but that’s how you get the activity), received 4 offers on Thursday, of which we were one of them. Our original offer was $925,000 (scared by all the media reports of a “down” market, we … Continue reading Why’s this keep happening to me?!
Reason we live here #2
A $255,000 price reduction, pano views, and no car access to your front door all on the same $2,595,000 price tag (was $2,850,000)…308 Greenwich, a 2 bed, 3 bath single family home on the Greenwich steps. This also falls under reason #1, Unique Property. 308 Greenwich.com [pics taken from property website]
It happens… and a great opportunity
[Update 3/30/07: “Pending” as of today…that means it’s pretty much a done deal.] 2356 Larkin, a two bed, one bath condo in Russian Hill, hit the market for a day at $1.5MM, received an over asking offer, then promptly fell out. Now it sits. Just look past the zebra rug and wall art (we … Continue reading It happens… and a great opportunity
Now we’re talking!….Bernal again…and again.
On March 13th, we told you about 3335 Folsom, 3 bed, 2 bath, $1,395,000 Single Family residence in Bernal Heights that had just hit the market. It was like bees to a hive at the open houses, lots of showings, offer date was set, interested parties were there, alas………..no offers!!!! Sometimes this happens. Buyers don’t … Continue reading Now we’re talking!….Bernal again…and again.
My client walked…
We just got this over the cyber-waves from one of our members… “Just wanted to let you know that despite the market being ‘down’, my clients just walked from their transaction with a $343,467.89 profit. They bought 4 years ago. That is after deductions they calculated as ‘lost’ for repairs, payments, etc.” Hmmm. [Editor’s note-The transaction was … Continue reading My client walked…
More doom and gloom, but is it the best way to think?
We can’t figure it out. Is the Chronicle reporting locally, or nationally when they’re trying to scare us into thinking all is lost in real estate? Here’s the Headline: “Study expects 1.1 million foreclosures, Those with adjustable mortgages are most likely losers, even with conventional loans.” Read the article here. But hidden way in the … Continue reading More doom and gloom, but is it the best way to think?
What’s going down (or up) in Mission Bay
Information provided by: Amanda Jones of Vanguard Properties, and a member of sfnewsletter ™. San Francisco’s new Mission Bay development covers 303 acres of land between the San Francisco Bay and Interstate-280. • 6,000 housing units, • 6 million sq. ft. of office/life science/technology commercial space, • A new UCSF research campus • 500,000 sq. … Continue reading What’s going down (or up) in Mission Bay
Scary Math…Indeed
Recently ran across this article on CNN Money.com, and couldn’t help but notice that it is yet another doom and gloom report on the subprime lending market. There are a couple quotes that do pertain to San Francisco: -“At a minimum, it means financing is drying up for those with less-than-perfect credit and that spells … Continue reading Scary Math…Indeed
Done Deal In Noe Valley
4430 25th Street, a 3 bed, 2 bath, view, single family residence in Noe Valley. Asking, $1,279,000, spent 14 days on the market, received 11 offers and just closed for $1,406,000. That puts the price per square foot at $925, and the amount over asking at $127,000. According to MLS, it last sold in 1999 … Continue reading Done Deal In Noe Valley
Need a magnifying glass?
This is why we always recommend you pay close attention to the details of “bay area housing” reports. We see San Francisco exactly as it is…low inventory, prices up. How is that a bad thing? Remember too, the media and other reporters (bloggers) are not representing clients who are getting out-bid, or can’t find a home, on a … Continue reading Need a magnifying glass?
A reader vs. Lembi (David v. Goliath?)
One of our readers, who happens to be a very excellent, savvy, and successful real estate investor, sends us this little message: “I have been out-bid by a substantial margin twice in the last 3 weeks by Lembi. It seems that he will buy anything far above the highest bid and he is not a TIC … Continue reading A reader vs. Lembi (David v. Goliath?)