Houses do not have memories, and they do not have opinions about how much they sell for. But if they did, this would be a proud day for 114 Crescent Avenue in Bernal Heights, because this week the three bed, two bath house with the minty green facade can finally put its last unhappy sale … Continue reading Maximum Luxury: A Recession Loss Doubles Down
One of the oldest tricks in the book for turning heads is to market a property as one that’s been off the market for decades, as in the case of this week’s top overbid, a three bed, two bath house on the north slope of Bernal Heights at 238 Rutledge. This place listed for just … Continue reading Maximum Overbid: Bernal’s Heights (and lows)
Conventional wisdom is that renovations increase the value of a home, but armchair preservationists fret that unregulated alterations to historical housing stock erode San Francisco’s architectural character. (Or at least, they did ten years ago–these days, anyone who worried about that kind of thing probably feels the damage has been done.) So when a Bernal … Continue reading Before & After: Renovating This Bernal Heights Victorian
According to the new listing for 106 Bache Street, the four bed, four bath property now asking $2.28 million is a “brand new house in Bernal Heights,” and that’s true–but it’s only a fraction of the story. Bernal Heights remains one of SF’s most popular and marketable residential neighborhoods, but it’s also one of the … Continue reading Empty Bernal Heights Lot Becomes New House After 20-Year Campaign
We had to put the battle armor on to get this one (232 Precita in Bernal Heights)…with 12 offers, and negotiations happening at light speed. We offered much lower than the final sales price (given the uncertainty in the market), but had to change our thinking, and change it fast. (This is exactly what I … Continue reading Bernal Heights Home On Large Lot Gets 12 Offers, Sells In 5 Days
Would you look at that…the #1 Overbid of the week is not a fixer! It’s a been a while for that, but we’re pleased to report the market is strong…very strong for any reasonably good property in any reasonably good neighborhood of San Francisco, which is pretty much everywhere now. This property (160 Santa Marina) … Continue reading From $899,000 To $1,400,000 | Holy (160) Santa Marina!
It’s Friday! Yeah! (If you’re not a Realtor who works every weekend.) That means overbids, and look at that, another fixer takes the cake. This time it’s 554 Anderson in Bernal Heights, a 2 bed, 1 bath home listed for $549,000 and sold for $920,000. As for the rest of the top 10, I think … Continue reading Maximum Overbid of the Week | Bernal Heights Fixer Wins Again
The market is cooler…no doubt.. Is it seasonal, or longer term? Time will tell. As you saw last week, Overbids are still rampant, but more and more emails are coming to me, “Still Available”, “Offers as they come”, “Motivated Seller”, etc. Could we be approaching the year of the buyer? Out of the 10 Underbids … Continue reading Top 10 Underbids | Would You Believe 20% UNDER Asking In Bernal?
With so many great pictures from which to choose, how do you pick just one? You don’t. You must see to believe… 18 Prospect, a 3 bed, 1 bath, single family in Bernal Heights takes this week’s Overbid cake giving new meaning to the term “development opportunity”. Listed at $829,000 and SOLD for $1,250,000 (cash … Continue reading Maximum Overbid Of The Week | Kitchen & Bathroom Cost Extra In Bernal Heights
And the winner is…682 Duncan for a mere $625,000 over asking, and just shy of $1600 per square foot: Address BR/BA/Units DOM List Price Sold Price Overbid 682 Duncan Street 3/2.00/N/A 12 $1,050,000 $1,675,000 59.52% 430 Nevada Street 2/1.00/N/A 27 $699,000 $1,065,000 52.36% 1520 15th Street 2/1.00/N/A 22 $799,000 $1,175,000 47.06% 2219 25th Avenue 2/1.00/N/A … Continue reading Maximum Overbids Of the Week | $625,000 Over In Noe Valley | 291 Square Foot Studio Sells For $415,000
As if last week wasn’t painful enough for you buyers. The top spot this week comes in a meager 67% above the list price of $850,000 for a sales price of $1,425,000. Bernal Heights, FTW! But don’t overlook the Mission district single family home at 3336 23rd Street that fetched $811,000 over asking either: Address … Continue reading San Francisco | Top 10 Overbids Of The Week
There is a little something in our market, of which many buyers are not aware, and many agents overlook. I have long referred to them as “Stalefish“, but others refer to them as “buying opportunity” or “still available property”, or what we named (on theGoods) as the “30+ Club”. What are these, you ask? They … Continue reading Stalefish: You Won’t Believe Your Eyes
I’m happy to report my client successfully beat out multiple buyers on this great two bedroom home at 220 Mullen in San Francisco’s Bernal Heights neighborhood. Listed at $799,000, our original offer was countered by the seller, along with some of the others (we call that “multiple counter offer”), and low and behold, we prevailed. … Continue reading SOLD | 220 Mullen | Bernal Heights | $1,015,000
It’s Friday, that means it’s time for the Top 10 Maximum Overbids of the week. As usual, there are some doozies, but nothing I would consider ultimate shockers like a few of the last weekly Top 10’s we’ve seen. The number one spot goes to the “Contractor’s Special” on Nevada in Bernal Heights that fetched … Continue reading From 32% In NOPA To 65% On Nevada – San Francisco’s Top 10 Overbids
July 2013 Special Report Virtually every area of San Francisco and the Bay Area has been experiencing dramatic home-value appreciation in the past 12 to 18 months. Some that were hard hit by distressed property sales, which experienced the largest price declines, have surged in price but remain 20% – 30% below previous peak values … Continue reading Five White-Hot Districts In A Red-Hot San Francisco Real Estate Market
“After hitting a two year low in January, the median price for single-family re-sale homes rose 18.6% in March from February. Year-over-year, the median price was off for the seventh month in a row, falling 3.1%. After falling to their lowest level since January 2009 in February, home sales bounced back last month, which is … Continue reading San Francisco Real Estate Data, Focus On The Volume On Your Block, Not The Median In Your City