Tastefully, and eco-consciously remodeled 12th Floor one bedroom, one bathroom unit with amazing views of San Francisco in The Crown Towers – an exquisitely maintained & managed elegant Art Deco CO-OP Building built in 1926, and located just two blocks from Union Square.
The information below is provided by Paragon Real Estate Group, enjoy:
In the last 5 years, San Francisco real estate market rebounded and went crazy hot, but how much did it really appreciate? Below is a great analysis from Paragon that shows you the data using median sales price. This post is specific to condominiums, the next post is specific to houses appreciation.
Median sales price is a very general statistic, often concealing an enormous variety of values in the underlying individual sales. It can be and often is affected by other factors besides changes in fair market value, such as changes in the inventory available to purchase, and major changes in the distressed property, luxury home, or new condo construction segments. Sometimes median prices fluctuate without any great significance: substantially different groups of homes (larger, smaller, older, newer, etc.) simply sold in different periods. Assessing appreciation by changes in dollar per square foot values, instead of by median sales prices, can sometimes deliver significantly different appreciation rates.
Below the charts is a table with a more comprehensive list of San Francisco neighborhoods, and at the bottom of the page is a neighborhood map.
The neighborhoods on the table below are grouped by San Francisco Realtor District, some of which contain neighborhoods of relatively similar values and some with highly variable home values.
Generally speaking, the higher the number of sales, the more reliable the statistics: We’ve usually calculated appreciation rates for neighborhoods with at least 24 sales in 2015, but these should still be considered very approximate.
An asterisk signifies a very low a number of annual sales and/or our suspicion that the appreciation calculation would not reflect market reality due to the variety of issues pertaining in the area. New, high-price condo projects can make sudden, dramatic impacts on neighborhood median sales prices in the year they go on market. In 2011, median sales prices in some areas were badly distorted by distressed property sales (bank and short sales) that didn’t represent fair market values. If either of these situations applies, the 4-year appreciation rate will jump higher in that neighborhood.
This exquisitely remodeled luxury Nob Hill condominium with views West/Southwest to Twin Peaks & outlooks onto Jones Street, located in the heart-center of San Francisco’s premiere postcard neighborhood is for sale, and you get the first look.
Featuring one bedroom, one bath, one car parking, 24/7 attended lobby, pool, spa, workout area, onsite management, a gracious lobby & courtyard entry, with world famous landmarks at your doorstep (Grace Cathedral, Huntington Park, Fairmont, Mark Hopkins & Huntington Hotels, cable cars), and a short walk to Union Square, Hyde & Polk Streets, this is the A+ Nob Hill lifestyle so many crave. Blending old world San Francisco charm with a new school WALKSCORE of 100 points, Liebherr refrigerator, Miele Dishwasher, and Fagor Range/Oven, does it get any better?!
To add to the wonderful appeal of this home and location, Gramercy Towers is expertly managed.
1 car parking
Remodeled Kitchen and Bath
HOA Dues: $848.83 (Includes earthquake insurance, PG&E, heat, water, garbage, common area maintenance, 24/7 lobby, onsite management, and reserves.)
Broker Tour: 10/20/15 from 9-10:30am
Private Showings Available upon request
Offer date (if any) TBD
Representing buyers and sellers of amazing and unique property is what I do. This property is no exception. Please come take a look or contact me for further details.
Exclusively listed by:
Paragon Real Estate Group
You can also contact me with the form below:
Studios ：约 650平方英尺，695000 至 825000美元
1房 ：约 850 至 870平方英尺（高塔）及约 880 至 1100平方英尺（广场） ，865000 至 1150000美元，
1房 + 书房：865000 至 1160000美元
2房 ：约1170 至 1570平方英尺（高塔）及约1400 至1500平方英尺（广场） ，1225000 至 2295000美元
3房 ：约1790 至 2670平方英尺，2350000 至 5350000美元
本新闻稿中提供的单位都在广场A座4楼，和D座7, 12, 18, 23, 30楼。预计2015年后期和2016年入住。
Recently, I had the pleasure of representing my client in the sale of his condominium in one of the most sought after locations and buildings in downtown San Francisco. Many people refer to this area as SOMA, some refer to it as FiDi (Financial District), some as the Barbary Coast, and others still as Yerba Buena. Regardless of what you call it, I call it a sale that far exceeded my client’s expectations and set a new price per square foot record in his building of $1233 per square foot. In the end, we received 16 offers, all over asking, and settled 31.31% above asking, and well above any recent comparable sale.
My client was so thrilled, he sent me this wonderful testimonial:
Best agent, bar none, in San Francisco
I had the good fortune of working with Alex Clark of Paragon Real Estate on the recent sale of my condo. Alex is extremely professional yet very personable and possesses a keen knowledge of the San Francisco real estate market. My unit was listed for only 11 days and received 16 excellent offers all well over the asking price.
If you are contemplating selling or buying in San Francisco, Alex Clark is a must in your strategy.
A VERY satisfied client.
Many people will chalk this up as simply a sign of the times, but there is an art to garnering tremendous interest, multiple offers, and ultimately a successful, new high water mark sale. It also helps to have your property listed here on the most popular San Francisco Real Estate blog, so it can get press on the more most popular Curbed SF real estate blog. Buyers are online, that’s where I am, and that’s where your property will be.
Congratulations on your sale Peter, and all the success and good times in New York City. I’m definitely jealous of that one way ticket.
–Battle Royale: San Francisco or New York City, If You Had To Choose (Over 100 comments on the matter) [theFrontSteps]
–More Testimonials [theFrontSteps/Alexander Clark]
–Recent Transaction [theFrontSteps/Alexander Clark]
–1 Ecker (16 Jessie) Hits The Market, Monday Open House Was Packed [theFrontSteps]
–A Slice of 1 Ecker Can Be Yours For $495,000 [Curbed SF]
Ritz-Carlton residence number 1502, a 2 bed, 2.5 bath, 1195 square foot condominium, originally listed for $1,825,000 back in 2008 is going to auction on December 10th…and there is no minimum bid. The current list price is $949,905, and as the spam asks, “WILL YOU BE KICKING YOURSELF IF THIS RITZ-CARLTON CONDO SELLS FOR ONLY $600,000?”
Good Lord! If it sells for $600,000 we’re all f*cked…pardon our French. Of course, if you’re a buyer, you’ll be thrilled.
Provided by: Amanda Jones of Vanguard Properties
They have sold 10% of the units in 2 weeks. They have 3 other offer
packages out on the project [Editor’s note: probably more now, we’re slow to print], 15 of the 32 homes are under $500,000. The building was designed by the same architect of The Palms and 3208 Pierce Street. Many of the units have floor to ceiling windows and or views.
There is NO age restriction for purchasing these homes. However, the homes are designated by occupancy by at least one person 55 years or older. (Translation: Someone 55+ needs to live there, but the person on title can be 25… one could rent it out to a 55+ person…)
[Editor’s note: As it seems many, many baby boomers are down-sizing and testing out the urban life (think One Rincon Hill, The Infinity), all you young professionals might consider paying your parents back for all that money they spent on your beer and college tuition by offering them free room and board in a world class city. Just a thought.
Frank Norris Place is located at 81 Frank Norris St. in the “Upperloin”, (Van Ness/Civic Center/Downtown), units are either 1 bedroom, 1 bath, or 1 bedroom + study, 1 bath, pricing for some (we saw one) as low as $399,000 (came on 4/12 and is already pending), the others hovering around $500,000. Parking is an additional $50,000/space.]