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.
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%.
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.
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.
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.
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.
I’m pleased to report the sale of this amazing property, which we were able to get featured not only on SFGate (Cole Valley Queen Anne with fabulous wallpaper for $2.695), but also Curbed (Queen Anne Done Up in Designer Style Looks for $2.695), and possibly even in San Francisco Cottages & Gardens just closed today for a whopping $505,000 over list price at $3,200,000. Considering we were targeting a $2.9-$3M sale, I’d consider this knocked out of the park.
Congratulations to my wonderful clients on an extraordinary Cole Valley sale, as well as to the buyers who are sure to love this amazing home in an epic location.
This is one for the ages. Situated on the tippy-top of Ashbury Heights on Upper Terrace, this home is amazing (especially the 1 bed apartment on the top floor that will make any view aficionado envious), it’s high end modern luxury to the 9’s, the views are tremendous (Fog be damned), and you should buy it…off market.
Priced at $3,800,000, and available for immediate purchase. There are no interior pictures that do it justice, so let’s get you in before it goes to MLS, and you lose out.
This beautiful home has been meticulously remodeled with discriminating attention to detail. The home features an open floor plan and dramatic floor to ceiling windows on each level to enjoy the sweeping views from the Golden Gate Bridge to Mt. Tam.
4 bed plus office (all with views) / 4.5 bath including a fabulous, separate 1 bedroom guest apartment
Custom stucco façade with metal awning
Custom glass and steel front door
Gas Fireplace in living room
Bonelli and Fleetwood windows with automatic shades/window coverings
Folger & Burt Architectural Hardware (door handles and pulls)
Heath Ceramic Tile
Boffi sinks and fixtures
Hickory pecan flooring
Sonos audio system throughout
Terraced and landscaped yard
1 car garage, 1 car parking pad
Approximately 2747 (per architect)
Contact Alexander Clark, KW Luxury Homes International for private showing.
listed by Carrie Goodman, Lisa Miller Sotheby’s
Because one offer isn’t enough, 135 Parnassus (a teeny – tiny 1192 sqft, 2 bed, 1 bath condo) in the heart center of Cole Valley, just blew the roof off of reality. Sure, priced crazy low at $799,000 (actually, I would have priced it similarly because it did have some issues), but still…30 offers? Come on!
I do know roughly where this will sell, but have been asked not to share pricing info, so check back, contact me, or better yet – get on my list to receive real time sold property reports to your inbox every other Friday. (Sign up at sfnewsletter.com and get “The Goods”.)
The agent kindly informed me, “We also have a solid backup offer”, and my response, “You actually have 29.” Ahhh…to be a seller in San Francisco.
And didn’t I just report the market might be cooling…sort of?
–135 Parnassus – Cole Valley [Property Detail]
–San Francisco Real Estate Market Cools (sort of) [sfnewsletter]
–Real Time Neighborhood Sold Property Reports via Inbox [sfnewsletter]
–Agents, Send The Goods To Your Clients [www.theGoods-sf.com]
Giants win the World Series, yet again, it’s Halloween, and my clients just stole this amazing condominium in the heart center of Cole Valley! The essence of what we just witnessed in the World Series is not much different from the Real Estate game in San Francisco. It takes a great team, strategy, timing, focus, and of course a little luck to win. I’m happy to say all the elements came together for my buyers and we knocked this purchase out of the park on the first pitch. My clients knew it was a great opportunity, took my advice, didn’t hesitate, and scored! Congratulations Elizabeth and Andrew. Ya done good.
Not only is October great for baseball, Halloween, and our Indian Summers, but this October has been my most memorable month of this year. With 6 deals closing this month, this one in Cole Valley was the icing on the cake. I have another deal in contract in Cole Valley, and know of a couple great listings off market and coming soon, so don’t be a stranger if you’re looking in Cole Valley for a home.
This score proves that there are opportunities out there without overpaying, but you have to be aggressive and know where to look.
An average condominium in Cole Valley sells for $941 per square foot, according to my third quarter report, and we grabbed this sweet 3-bedroom, 1 bath home with parking, yard, amazing period details, an awesome kitchen, some rugs, and some great furniture at $886 per square foot before it hit the market at $1,300,000.
For you buyers out there, it’s a crazy market, but don’t get discouraged. You can win.
Paragon Real Estate Group
San Francisco House & Condo Values
Which Neighborhoods Dominate Home Sales?
Who Is Buying the City’s Luxury Condos and Why?
September saw the largest surge of new listings coming on market in the past 2 years, which led to a big jump in deal-making, but data on transactions negotiated in September won’t be available until most close escrow in October and early November. In the meantime, we’ll look at the last 2 quarters.
Median Sales Prices & Average Dollar per Square Foot
The following 2 charts look at current and longer-term trends in home values. As is common, median house sales prices dropped a bit in the 3rd quarter – this is due mostly to seasonality issues – though condos have held steady for 3 quarters now at $950,000. Dollar per square foot values have continued to increase to new peaks: This metric is particularly being impacted by new-development condo sales, which are breaking dollar per square foot records virtually everyplace they’re being built.
If you wish to drill down on values in very specific city neighborhoods, we recently updated our interactive map, which can be found here: SF Home Price Map
Where Home Sales Occur at What Prices
I am pleased to announce the successful sale of this wonderful, luxury, view residence at 29 Rivoli, in San Francisco’s Cole Valley neighborhood.
After an unsuccessful marketing effort with a different agent, the owners put their trust in me to get the job done, and I was able to garner multiple offers, get to a sales price that was suitable to buyer and seller ($180,000 over asking), and secure a quick close. Buyer is thrilled. Seller is thrilled. All is good on Rivoli!
For more details about this transaction, others in Cole Valley, or San Francisco generally, you should know where to find me by now. (Hint: email@example.com, or 415-254-5351)
Have a look at what other clients are saying about me. For more about this property, read below…
I have this fabulously luxurious top floor, 3 bed, 2 bath Edwardian condominium with amazing panoramic views to the North from the living area and South from the bedrooms, on a quiet tree lined street in Cole Valley, coming on the market this Friday 9/12, and you get the first look.
The home features gorgeous hardwood floors, a spacious, bright and open formal living room (wired for surround sound) with a fireplace. Formal dining room with period details, built-in cabinets and box-beam ceiling. Walk through the Butler’s pantry into your bright, open and large designer kitchen with Caesarstone countertops, custom cabinets, skylight, extra storage and A+ appliances. Both bathrooms have been remodeled by Waterworks and feature all of today’s amenities. Laundry room has side by side washer & dryer, and floor to ceiling cabinets. The entire condo has refinished floors, new carpet, and new paint. It also comes with one car parking, a shared yard, and did I mention views, views, views. Because the property is completely separated from other structures on all sides, the home is incredibly bright…a rarity in San Francisco.
Soar above Cole Valley in this truly remarkable property you don’t want to miss.
List price $1,395,000
Open House Schedule:
Sunday 9/14 2-4pm
Tuesday 9/16 12-1:30pm
Thursday 9/18 5-7pm
Sunday 9/21 2-4pm
Private showings available
For more information about this property or any others, please contact me (firstname.lastname@example.org / 415-254-5351), and to learn more about Cole Valley, in general, check out all the great stuff I’ve shared!
Before Google Street View, I did a Tour de San Francisco. And here’s what I did for Cole Valley.
–More Listings [theFrontSteps]