District 5

May 2016 Central San Francisco Market Conditions

District 5

District 5’s (See SF Districts Map Here) April numbers continue their strong upwards trend with their highest ever median sales price of $2,287,500. Year-over-year, the median price is up 8.9%.

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Resale Condo/Loft Median Prices

Resale condo-loft median prices have resumed the downward trend that started last September with a brief uptick in January and February. hey dropped 2.3% from March to April, landing at $1,245,000, which is the lowest median sales price since April 2015. They are down 0.4% year-to-date and 9.6% since their peak at $1,377,000 September 2015.

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While Single Family Homes Days on Market inched up to 17 in April, they are still at historically low numbers.

Days on Market for Resale Condo/Lofts dropped from 19 to 16.

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Single Family Homes Months Supply of Inventory dropped slightly to 2.4 from March’s 2.5 and up from April, 2015’s 1.7.

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This April there were the same number of single family home listings as in April, 2015. Over all, there have been 136 new listings in District 5 this year, one fewer than last year.

There have been 43 fewer condo/loft listings brought on the market year-to-date in 2016 than 2015. This is a 26% drop. And this is the first time in four years that the number of new condo/loft listings was lower in April than March.

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1078yorkfront

Inner Mission Victorian Fixer Sells $320,000 Over List | In Knoxville That Buys You This…

Not to be outdone by any of the fixers clinching the top spot on a few of our previous top 10 Overbids1078-80 York, a two unit in San Francisco’s hot, hotter, hottest Inner Mission District, just closed for only $320,000 over ask.


(People around the world scratching their heads thinking, “Is this guy nuts? I could buy an entire house (maybe in Knoxville) for what this person just paid over asking on this piece o’ hooey property that doesn’t even have a kitchen!?”) Yessir, it’s what many would call a “dump”, but not us, and it actually has two kitchens…granted they don’t work, but this property right here is a diamond in the rough and we’d go so far as to say this buyer scored a great property at a very fair price, in a very hot location, location, location.

As for the rest of the top 10, here you go:

Address BR/BA/Units DOM List Price Sold Price Overbid
1078 York Street 80 2-4 Units 7 $995,000 $1,315,000 32.16%
1751 La Salle Avenue 5/1.50/N/A 60 $625,000 $805,000 28.80%
361 Texas Street 3/2.00/N/A 15 $1,795,000 $2,300,000 28.13%
1015 Ashbury Street 2/2.00/2 8 $1,095,000 $1,350,000 23.29%
1444 17th Avenue 2/2.50/101 5 $1,299,000 $1,600,000 23.17%
149 Shipley Street 3/2.00/ 9 $988,000 $1,180,000 19.43%
3919 17th Street 1/1.00/ 0 $895,000 $1,065,000 18.99%
79 Seward Street 3/2.00/N/A 6 $1,995,000 $2,350,000 17.79%
2919 Pacific Avenue 2/2.00/6 8 $1,249,000 $1,457,000 16.65%
2932 26th Avenue 3/2.00/N/A 14 $1,425,000 $1,650,000 15.79%

To wrap this week up, the market is shifting. All signs point to this being a fantastic time to sell your property, and we are experts at doing just that. Give us a shout and we’ll git ‘er done.

1078-80 York, Inner Mission District [The Goods]
More market data than you could ever want [The Goods]
709 Loop Rd, Knoxville, TN [Redfin]
Information for sellers [theFrontSteps]

Spacious View Home

SOLD (In 3 Days) | 62 Buena Vista Terrace

We accepted offers on Monday, we closed yesterday…that’s a three day close. Remarkable, to say the least. Congratulations to my clients, and thank you all for an incredibly smooth transaction. I wish they all went like this.

Listed $1,295,000, SOLD $1,500,000. Property details below:

Located on an elegant street in San Francisco’s Buena Vista Park District, one of San Francisco’s most coveted neighborhoods, 62 Buena Vista Terrace affords you the ability to immerse yourself in all this city has to offer, yet escape from it too.


Walking distance to Duboce Triangle, the Castro, Haight, Hayes Valley, Upper Market, Mission Dolores, Alamo Square, Buena Vista Park, Duboce Park, and NOPA, this luxury residence is truly in the heart of the city, and truly awesome…yes awesome.

Top floor condominium in a small 2-unit building, 62 Buena Vista Terrace has 2 + bedrooms, 1 bath, 1 car parking, views, formal dining room, living room, beautiful bamboo flooring throughout, new double paned windows, tons of natural light, two fireplaces, exclusive deeded deck off of kitchen, beautiful lush garden, in unit Washer & Dryer, tons of extra storage, and plentiful closet space.

The designer kitchen is a chef or entertainer’s dream, complete with granite countertops, Viking Range, Amana refrigerator, custom cabinets, island with Carrera marble countertop, under cabinet LED lighting, microwave, Miele Dishwasher, and an extra room off the kitchen perfect for morning coffee or evening cocktail preparation (could be a great breakfast nook too). Trust me when I say your friends will envy you here.

The unit is approximately 1353 square feet (per tax records), HOA dues are $300/month.

Property Summary:
-Buena Vista Park Top Floor Condominium
-Address: 62 Buena Vista Terrace
-2 bedrooms
-Bonus room/office
-1 bath
-1 parking
-1353 Square feet (per tax records)
-$300/mo HOAs
-Bamboo Flooring
-New Windows
-Formal Dining Room
-Living Room
-Deck
-Yard
-Views
-W&D
-Storage
-Designer Kitchen
-Breakfast nook/office
-$1,295,000
-Boom!

This one went fast. Contact me for further details or to talk about selling your property.
Alex Clark
415-254-5351
alexclark@gmail.com

From The Front You Might Consider It A Duck…369 Upper Terrace

My golden rule in real estate sales and searching for the right home…unless the front of the home is actually drop dead fantastic and the best selling feature, take a “drive by” with a grain of salt.

Case in point, 369 Upper Terrace:

From the front, it’s a bit of a duck, but on the inside there are 3 bedrooms, 3 baths, and 3462 square feet of mid-century (1973 is close enough) modern goodness with decks, 15 foot ceilings, Terrazzo floors, a spa style bath that “oozes tranquility”, a “vinyl lair for music listening”, and big views to get you through the slow days.





You gotta love the “lair”.

Look for more posts from me featuring the finest homes with the best views in San Francisco, starting with this one. I’d give these views an 8 out of 10.

369 Upper Terrace, San Francisco, CA, 3 bed, 3 bath, $2,995,000 [MLS]