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.
Lots of talk in the news these days about landfill, liquefaction, and general stability of property in and around San Francisco’s waterfront, and entire city for that matter (see “SF’s landmark tower for rich and famous is sinking and tilting“that hit newsstands and internets today [SF Gate/Chronicle]).
Big news, no doubt, but what about the rest of us?
I did a post waaaay back in 2010, preceded by the post I did even further back in 2008, both of which get hundreds, sometimes thousands of views daily, so I know for sure this is a topic of interest when buying/selling property in San Francisco. And since I get so many questions about whether the property you want to buy is, or is not, in liquefaction, let me be clear, I AM NOT A SEISMOLOGIST, GEOLOGIST, SCIENTIST, OR ANY TYPE OF OTHER EXPERT IN THE FIELD OF EARTHQUAKES, LIQUEFACTION, LANDSLIDES, LANDFILL, MUD FILL, BEDROCK, SETTLING, SLOPING, SLIPPING, SLIDING, OR ANY OTHER FIELD OF INTEREST THAT HAS LED YOU TO THIS SITE FOR KNOWLEDGE ABOUT LIQUEFACTION. I AM A REALTOR, AND EXPERT AT MARKETING PROPERTY FOR SALE, AND HELPING BUYERS BUY. WHAT I AM SHARING HERE IS MEANT TO BE A RESOURCE FOR YOU TO MAKE YOUR OWN EDUCATED DECISIONS. DO NOT RELY ON THE INFORMATION POSTED HERE FOR YOUR PROPERTY PURCHASE OR SALE.
That said, I want to share a new App/site with you: Temblor…all things Seismic. You have to check it out. It’s awesome, and will hook you in for hours.
As I sit in my home office, which, according to Temblor, is built in an area of “moderate Liquefaction Susceptibility”, and a “Seismic Hazard rank of HIGH” (I challenge you to move the pin and find an area in SF that is not “High”), it’s left me wondering…does this change anything for me, and my decision to own property where I do? No. It doesn’t. It’s better than a map telling me I live in an area of High Tornado Susceptibility, where I roll the dice on a pair of glass slippers showing up on my doorstep.
So, there you go. Plug in your address, your mom’s address, your brother’s address, your employer’s address and see how you all stack up. This is yet another amazing resource, thanks to the Internet, available to everyone and anyone with even a remote interest in Earthquake activity (I’m guessing that’s everyone in California, at least). And I’m pleased to be sharing it with you.
Full disclosure, yes, I chatted with the founders of this service, no, they are not paying me for this post. I have downloaded the app, and refer to it constantly.
Previous Earthquake related posts on theFrontSteps:
–SF neighborhoods prone to liquefaction and earthquake induced landslides, bedrock vs. landfill take two [theFrontSteps]
–Ask Us, A map of bedrock vs landfill [theFrontSteps]
–Liquefaction Zones of San Francisco’s Marina District [theFrontSteps]
I’m pleased to announce the recent sale of unit 11E in this wonderful brand new Luxury High Rise Residence in Downtown San Francisco, located at 338 Main Street, better known as Lumina SF.
My clients are the proud owners of an amazing 2 bedroom, 2 bath, spectacular view home.
It’s not everyday a development runs an ad thanking those that have helped make it a success, but Lumina just did. I’m proud to be one of the many agents bringing buyers through the door, and making it a resounding success.
The LUMINA Sales Team & Tishman Speyer would like to extend their sincerest gratitude to those of you who have helped bring the vision of LUMINA to life.
Contact me to get into Lumina today.
Congratulations to the buyer and seller of my most recent transaction! What a smooth one it was. If only all of them went this well. Minimum hassle, and sold at $790,000…just a touch over asking. What a wonderful building run by amazing individuals! I felt very lucky to interact with so many of the people (especially Nolly and Sonny) that make Gramercy Towers a pleasure to visit. If you live there, you’re lucky. Prime Nob Hill Location, full amenity building, and you even get a Steak House downstairs (surely there is a vegetarian option too…this is San Francisco after all.)
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.)
Congratulations all the way around.
If you live in Nob Hill, and are considering a sale, please don’t hesitate to contact me.
–1177 California #304, Property Details [theFrontSteps]
I’m pleased to announce the successful off market purchase of an awesome unit at Gramercy Towers in San Francisco’s one and only Nob Hill district. My clients got word of this new listing, called me up, and we snagged it before it had a chance to go to MLS. They are thrilled, seller is happy, all is good.
Two bedrooms, two baths, remodeled, views, and great layout. Sales price $1,650,000.
Tired of getting beat out by multiple buyers…you gotta get somebody like me on your side. I have great relations with the majority of San Francisco realtors, I’m a member of the Top Agent Network, and I have my finger on the off market pulse, although my clients sniffed this one out…but that’s what it takes! Teamwork.
Representing buyers and sellers of amazing and unique property is what I do. This property is no exception.
Contact me, I’ll help you out.
Paragon Real Estate Group
FEBRUARY 2015 SAN FRANCISCO NEW CONDOMINIUM PRICES RISE 4 PERCENT FROM PREVIOUS MONTH, UP 19 PERCENT OVER A YEAR AGO
San Francisco – March 10, 2015 – San Francisco new condominium prices rose 4 percent in February 2015 from the previous month, according to the Condominium Pricing Index just released by The Mark Company, a leading urban residential marketing and sales firm. Scroll to the bottom to see the trend sheet.
The Mark Company Condominium Pricing Index for February was $1,221 per square foot, which is 19 percent higher than the previous year and four percent higher than the previous month. Tied with October 2014, this four percent increase is the highest monthly increase since April 2014.
New construction inventory was down 7 percent from last month, but 1,715 percent higher than a year ago. “Despite the addition of more than 1,600 units in 2014, there are now a total of 708 new condominium units available for sale in San Francisco,” said Erin Kennelly, senior director of research, The Mark Company.
The Condominium Pricing Index, part of the firm’s monthly Trend Sheet, represents the price per square foot of a new 10th floor, 1,000-square-foot condominium. It is based on recent sales data, and uses a proprietary quantitative method to measure trends in market demand. It tracks the value of a new construction condominium without the volatility of inventory changes.
The Mark Company Penthouse Pricing Index, which applies the same methodology to a new 30th floor, 2,000-square-foot condominium, was $2,097 per square foot in February, up 4 percent from the previous month and 19 percent higher year over year.
The average price per square foot for resale condominiums, which is more volatile than the Condominium Pricing Index, was down 6 percent month over month, and is 3 percent higher than a year ago, according to The Mark Company.
Resale inventory remains extremely low. “There are now only 81 active resale listings, representing only 1.4 months of inventory at the current pace of sales,” noted Kennelly. Six months of inventory is considered the equilibrium between a buyer’s and a seller’s market.
The Mark Company has also released the February Downtown Los Angeles Trend Sheet and Pricing Index, as well as the Downtown Seattle Trend Sheet and Pricing Index.
If you’re in the market for a new development condominium in downtown San Francisco, you’re going to want to keep your eye on this type of information. Particularly the number of units available versus the number sold…translation = properties are selling REALLY fast!
Thank you Mark Company for these excellent reports…
I hope everyone had a great holiday and New Year’s celebration. Let’s kick off the 2015 blogging with some Stats & Numbers via sfnewsletter, which focuses on the past three years of real estate market activity, as well as a look way back to the 1980’s (were you born yet?), and some random facts about where we San Franciscans spend our money: Reset, Recovery & Randomness – sfnewsletter 1/9/15
As always, it’s chock full of interesting tid bits and random data, as well as a new link to San Francisco’s Most Recent Sales, New Listings, Overbids, Underbids, and Stalefish (Still Available property).
Continuing to keep you updated on all things Lumina…
As is always the case, if you, or anyone you know, would like assistance securing a unit in this amazing development, or have any questions regarding this building, or San Francisco please contact me:
–More information about Lumina [theFrontSteps]