Sell A Home, Save The Planet

We live in an incredibly beautiful location here in the Bay Area with amazing parks and recreation at our fingertips, and serene natural environments literally just minutes from a bustling city that affords us the opportunity to escape it all. Sadly, we’re polluting the hell out of ourselves and our environment, and it’s got to stop.

The beaches I frequent to surf are riddled with plastics and trash, the sea level is definitely rising eroding our shores, snow levels continue to rise forcing us to ski more rain days than I have ever in my life, Lake Tahoe is filled with beer cans, bottles and trash, it’s clarity diminishing, and “spare the air” days are becoming way too common in San Francisco. So what can we do?

I just joined 1% for the Planet, which means that 1% of my earnings will go towards supporting the environment and 1% for the Planet certifies my giving. It’s an iron-clad way for me, and you, to put money earned from your transaction and donate to non-profits fighting the fight of reversing the downward trajectory of our environment and everything we take for granted.

In the words of Craig Matthews, co-founder of 1% for the Planet, “If we just take, take, take, and give nothing back, we’re going to have nothing in the end…” Sadly, that’s the truth, but luckily Yvonne Chouinard, Founder of Patagonia has sage advice for all of us, “Don’t get depressed, get angry.”

I try not to get angry in my daily life, even when my kids refuse to do what I ask them, and I hope every transaction I do is free from drama, but I have to admit, I’m a little upset about the cleanliness of the world we live in, so I’m taking action.

I’ve given to many charities in my time as a Realtor, and I will continue to give to many more, but it’s time I take it up a notch on the environment, and do more by guaranteeing, no matter what, I donate.

There are numerous non-profits on the 1% for the Planet roster, so if there is one in particular you’d like me to donate to after the close of your transaction, do not hesitate to let me know.

If you’d like to get involved on your own, you can learn more at onepercentfortheplanet.org.

In the meantime, let’s get some property sold, and help save our environment.

For Sale | 875 La Playa Unit 179 | Outer Richmond / Ocean Beach | $779,000

Whether you’re looking for a starter home, Pacific Ocean view pied-a-terre, or simply an Ocean Beach property for the right price, 875 La Playa unit 179 is just the ticket.


Situated on the ground floor and just steps from Ocean Beach, this wonderful Outer Richmond residence features an open living/kitchen/dining area, spacious bedrooms, en-suite bathrooms, updated kitchen with stainless appliances and granite countertops, a patio with direct access to the common area/courtyard, a private balcony accessed from the living area and guest room…oh…and VIEWS! Views, views, views. On a clear day you can see the Farallon Islands, and on any given day you can watch ships sail in and out of the bay, whales breaching, dolphins playing in the surf, fishermen, dog walkers, runners, cyclists, surfers, and all of the wonderful things living by the beach affords.

In addition to the well maintained unit with breathtaking views, you also get parking for one car in a large underground garage, a private storage facility, and gym, art, and woodworking rooms.

This home is walking distance to the bustling Balboa Corridor Shops and Restaurants (Have you tried Miki or Shanghai Dumpling King? What about Chino’s?), but it’s also a stone’s throw from: Land’s End hiking trails; the ruins of Sutro Baths; Sutro Park; Cliff House & Beach Chalet Restaurants; Lincoln & Golden Gate Park golf courses; Beach Chalet Soccer Fields; Golden Gate Park; Safeway; and so much more. The location of this property also makes for an easy commute to the South via the Great Highway, East via 5 Fulton, 38 Geary, and 31 Balboa Muni Buses, as well as proximity to the Golden Gate Bridge and points north. If you want to go West, you’ll need a boat.

It’s just a matter of time before the Outer Richmond really gets “discovered” so get in while the gettin’s good.

Property Details:
List Price: $779,000
1306 Square Feet (per tax Records)
2 Bedrooms
2 Bathrooms (both en-suite)
1 Car Parking
1 Storage Unit
Updated Kitchen
Updated Bathrooms
Open Living/Dining/Kitchen
Patio
Private Balcony
Pacific Ocean Views
In Unit Washer & Dryer
HOA dues $733.34 per month (water, garbage, outside management, on-site manager, maintenance, repairs, building insurance, reserves)
Common Areas (Gym, bike storage, BBQ area, woodworking and art rooms)
Close to Public transportation

Showing Schedule:
By Appointment only
Sunday Open House 2-4pm

Exclusively listed by:
Alexander Clark
Keller Williams Luxury Realty International
theFrontSteps.com
alexclark@gmail.com
415-254-5351
BRE#01339386

Inventory Price Watch – San Francisco

My friends over at Trulia asked me to share this report with all of you. Before you dive into it, it’s important to note, according to my numbers, research, and data, Trulia calculations in this article are pretty far off the mark, and a damn good reason why you should always contact a real estate professional in your area before making ANY decisions on whether to buy/sell based on online listing calculations and valuations. You need boots on the ground. That said, have a read, as despite the ridiculously low (some would argue affordable) prices mentioned below, there is some great info to be digested if you’re in the market now, or might be in the future.


In today’s tight housing market, affordable homes are more of a scarcity than their luxury counterparts. Starter home inventory is critically low, especially in a hot market like San Francisco where everyone wants a piece of the pie.

According to Trulia’s Market Mismatch, a score given to each metro area that reflects the difference between price point search demand and corresponding availability, starter and trade-up homes comprise just 45.8 percent of available listings nationwide. Yet, 60.5 percent of all home searches are for homes in the starter and trade-up home categories. Essentially, there are fewer options for the increasing number of first and second-time home buyers, leading to greater demand which tends to boost home prices in the process. Meanwhile, premium home buyers see a 14.7 percentage point excess of listings compared to demand.

First-time home buyers in San Francisco may be at a slight disadvantage, but preparing for the road ahead helps ensure you can transition into homeownership seamlessly. Consider the current prices and inventory in the San Francisco metro area – and what to expect when starting your home search this year.

What’s a San Francisco Starter Home Cost?
Per Trulia’s latest Inventory and Price Watch Report, the median home price in San Francisco is $778,667 [Editor’s note: I’m not quite sure where they got this number, as our reports for median single family homes run closer to $1,350,000…but let’s roll with it.]. For trade-up buyers considering San Francisco real estate, the median list price is $1.17 million. Luxury home buyers face a median list price of slightly under $2.7 million.

In the third quarter of 2017, there were 230 starter homes, 215 trade-up homes and 417 premium homes available for sale. Starter and trade-up listings comprised 26.7 percent and 25 percent of market share, respectively. Premium homes, on the other hand, made up almost half of all for-sale listings during the quarter.

Not only do they have the most options, premium home buyers spend the smallest share of their income on home purchases at a healthy 30.9 percent. Trade-up and starter home buyers spend drastically more of their income, 62.4 percent or more, mostly due to exorbitant home prices in the area. Given how far San Franciscans stretch their wallets to afford home-ownership, it’s best to contact a mortgage professional to determine how much a home purchase will cost now and in the long run.

When to Find the Best Deal

Bearing in mind the steep costs of San Francisco homeownership, timing your first-time home search based on market trends is imperative, especially if you’re looking to buy in a popular neighborhood. Take Historic Russian Hill homes, which could cost somewhere around the neighborhood median price of $1.65 million. Even a modern condo in SoMa, a slightly less expensive community closer to the urban core, might cost upwards of $800,000, which is the current median price for a one-bedroom home.

When it comes to inventory, San Francisco starter homes are most plentiful at the end of the year. On average, first-time buyers benefit from 33.7 percent more starter home listings in San Francisco in the fourth quarter compared to the first quarter of the year. Simply put, more inventory gives buyers better bargaining power and the ability to find the right place in a reasonable time frame. Heightened supply also tends to help home prices soften, but the impact is not immediate. This is likely why San Francisco starter homes wind up 8.7 percent less expensive in the beginning of the year – just a few months after inventory peaks – than they are in the third quarter.

Assume the home search process takes at least a month or two. That means first-time home buyers who search when inventory is highest at the end of the year could theoretically put in offers at the beginning of next year, when list prices are lowest.

Based on the data, now is a great time for San Francisco home buyers to get serious about their search, especially with potential mortgage interest rate hikes forthcoming next year. To discuss the benefits of owning your own home in San Francisco along with listings currently available in your price range, contact San Francisco Realtor Alexander Clark today.

Jennifer Riner is a real estate marketing professional whose work has been featured on Zillow, Forbes, Inman News, and more…and I thank her for this post.

As mentioned above, this is a great article with a lot of great info, and should be one of many pieces of the puzzle when considering the best time for you to buy or sell in and around the San Francisco / Bay Area.

Pray for snow!

SOLD | 1143-45 Jackson | It’s a Good Story…

I had the pleasure of representing some repeat clients on their purchase of this well located and highly sought after two unit property at 1143-45 Jackson for $2,150,000. We had to go to battle, for sure, but in the end we beat out 11 other buyers (including one higher) to seal the deal. The story on this is very interesting…


My clients really wanted this property, despite having just recently (2 weeks prior) purchased another property in the neighborhood. Listed for $1,688,000, it was anybody’s guess where 1143-45 Jackson would go, so we guessed $1,850,000 as our original offer (cash, 7 day close, no contingencies) would “get us a seat at the table”. Well…it almost got us kicked out of the club as we were the LOWEST of 11! Laughable, but not laughable. Many agents would stop there. Not me.

I practically begged to be involved in a multiple counter, and advised the listing agents we could go higher, but simply didn’t know where to begin. So we got the counter from sellers at $2,150,000…and it was ours, because we had excellent terms and a well put together offer package. BUT! We countered at $2,125,000, which was a risky move and could backfire. It backfired. The sellers said they were accepting a higher offer than ours, because we didn’t go where we needed to go. We were devastated.

Then we got the call…the other buyer was M.I.A., and so we could again have the property at $2,150,000 if we could get it signed within 30 minutes. While cooking Salmon on the barbecue, and managing my starving children, I was able to sit down to Docusign (our electronic signature system) between grill checks, some flames, and occasional shouts of “the fish is on fire dad!” to get the counter sent to my buyer, signed, and back to the seller within 10 minutes. Fish off the grill. White wine and milk poured. Napkins in laps. Mahlzeit.

They put the other buyer in “backup” position, in case we faltered. We closed 7 days later.

That’s probably more story than you needed to hear, but that’s how you get it done for your buyers in this market.

Congratulations!

SOLD | 1673 8th Ave | Inner Sunset / Windsor Terrace | $2,465,000

Congratulations to my wonderful client on the successful acquisition of this amazing historical San Francisco home in the coveted Windsor Terrace area of town.

This home has it all: 4 bedrooms; 3.5 bathrooms; large garage for 2 cars; 2779 square feet; charm and period details galore.

It was yet another hard fought multiple offer situation, but in the end, it was the letter to the seller that got the job done.

I am super happy for you, and greatly appreciate your business and trust!

1673 8th Ave, $2,465,000 [theGoods Property Detail Page]
Buyers look to their Childrens’ Art & Writing Sills to get offers accepted [theFrontSteps]

It’s On! Tons of New Listings | A $12M Glen Park Estate For Sale | Overbids | Market Data, Data, Data

Oh my, oh my…it’s like a kid in a candy store. So many choices, what is one to do!? As of right now (12:10pm) there are 168 new listings that have hit MLS in the last 24hrs…that’s nuts, but expected.

There are some gems in the mix, like the most expensive home to hit MLS, 47 Chenery, an extraordinary 10 bedroom, 11 bath Neo-Classical Estate in Glen Park asking $12,500,000…are you kidding me!? Look at this place.


Not my style, but man – oh – man could King Louis be replaced with Maniscalco and call this place amazing!
[Update: You gotta read what Curbed has shared about this property.]

So many cool properties to check out, and not enough time to tell you about them all, so feel free to browse all the Hot New Listings right here.

Since it’s Friday, I know you all expect your weekly top 10 Overbids, so here you go… (important to note, the top 20 Overbids you find on this page runs on a 14 day cycle, whereas this list below I refine to the past 7 days):

Address BR/BA/Units DOM List Price Sold Price Overbid
1718 12th Avenue 3/1.00/N/A 13 $1,195,000 $1,750,000 46.44%
2058 45th Avenue 3/1.00/N/A 13 $799,000 $1,100,000 37.67%
1030 Ortega Street 2/1.00/N/A 8 $998,000 $1,368,000 37.07%
3550 22nd Street 3552 2-4 Units 35 $925,000 $1,200,000 29.73%
2007 28th Avenue 4/4.00/N/A 13 $968,000 $1,255,400 29.69%
3624 Folsom Street 3/2.00/N/A 7 $1,428,000 $1,850,000 29.55%
1500 Plymouth Avenue 3/2.00/N/A 5 $1,425,000 $1,810,000 27.02%
54 Howth Street 2/1.00/N/A 10 $799,000 $1,008,000 26.16%
28 Rebecca Lane 2/2.00/N/A 15 $699,000 $866,000 23.89%
1287 37th Avenue 4/2.00/N/A 0 $1,395,000 $1,710,000 22.58%

Finally, since it’s been so long, what the hell is the market doing?

On August 22nd Pacific Union released their July recap, and in so many words confirmed the strength of our market, “Home prices rose in all nine Bay Area counties on an annual basis, ranging from 1.3 percent in Contra Costa County to 12.7 percent in Sonoma County. For the second time this year, the median price in San Mateo County hit $1,500,000, tying its all-time high, according to historical housing-market data from CAR. Like last July, the Bay Area is home to California’s other three seven-digit housing markets: San Francisco ($1,428,000), Marin ($1,224,000), and Santa Clara ($1,165,000) counties.”

Keller Williams Report pretty much says the same thing, and if you want to go crazy nuts into detail, Patrick Carlisle over at Paragon Real Estate gives you more data and analysis than you could possibly ever want, and sums up nicely what has happened the past couple months, and what might be in store.

Generally speaking, late summer market dynamics (or, for that matter, during the mid-winter doldrums) are not of great significance and do not tell us much about where the market is heading. September, however, is usually the single month with the greatest number of new listings hitting the market in San Francisco, and that surge fuels sales through mid-November, when activity begins to plunge. The coming two months will be the next major indicator: Will the SF market continue to maintain the intense high-demand, low-supply heat of this past spring, or will it cool? While the entire market is affected by seasonality, the luxury home segment is fiercely so, and the next couple months will be the peak selling period for high-end homes until spring 2018 rolls around.

And if that’s not enough for you, you can always give me shout, buy me a beer, and I’ll be happy to share my two cents.

Happy Aloha Friday! Go play.

SOLD | 707 Cole St. | Cole Valley | $2,606,000

Quite possibly one of the busiest sets of open houses I’ve ever held, with nearly 250-300 people through the door, 707 Cole St. has changed hands to a pair of wonderful people that will hopefully enjoy this home as much as my clients did. Listed for $2,495,000, in the end it didn’t go nuts, but we still got over list and closed at $2,606,000.

On a side note, I have TWO properties in Cole Valley that are similar to this, and they are not on MLS. So if you, or anyone you know, are interested in an off market Cole Valley property, get in touch.
—–
707 Cole Marketing Remarks:

This timeless Cole Valley single family home situated in one of the most desirable locations in all of San Francisco is a circa 1896 Victorian loaded with period details and charm, and updated for today’s standards. Just two blocks to the heart of Cole Valley, the N-Judah, Golden Gate Park, Haight-Ashbury, and so many more iconic San Francisco locations, this is truly a must-see property.


Carefully maintained to preserve the era in which it was built and upgraded with the finest modern amenities, 707 Cole features a formal entry/foyer and grand staircase leading upstairs to three of the four generously proportioned bedrooms (including master with it’s own fireplace), one bathroom, and conveniently located stackable washer and dryer. The entire top floor is bathed in natural light and period charm, including well preserved, beautiful original wood floors, and access to the large attic.

The main level features gorgeous, newly refinished wood floors, a formal living room with fireplace, a formal dining room, also with fireplace and wonderful French doors that open to a private outdoor deck perfect for indoor/outdoor living when San Francisco weather delights. Also on this level is the modern kitchen with bar seating, granite countertops, custom cabinets, recessed lighting, Viking Gas Range, stainless appliances, and windows looking out on the Japanese maples and large avocado tree in the professionally landscaped backyard.

The recent, down to the studs, remodeled ground floor is a perfect space for extra guests, playroom, home office, or your teenager that wants his/her privacy. Complete with wood floors, open flow, custom wood closets and cabinetry, a modern bathroom addition, and amazing floor to ceiling pivot door that brings the outside in and truly makes the transition from indoor to outdoor living seamless, this fourth bedroom is a wonderful addition to the already amazing home. Also on this level is garage parking for two cars, and interior access to the mudroom with custom wood cabinets and heaps of additional storage for all of your toys, bikes, skis, boots and shoes.

The backyard was professionally designed and maintained with seating areas, lush plantings, excellent flow, and low maintenance artificial turf for year-round enjoyment.

Property Details:
List Price $2,495,000
SOLD: $2,606,000, cash, 7 day close, multiple offers
Year Built 1896
4 bedrooms
3 baths
2 Car parking
Formal Dining
Formal Living Room
Formal Entryway
Grand Staircase
High Ceilings
3 Fireplaces (decorative)
Wood Floors
Designer Lighting
Modern Kitchen
Gas Range
Landscaped Backyard
Artificial Turf
Solar Panels
Seismic Upgrades
Large Attic
Washer & Dryer
Nest Thermostat
New Double Paned Windows
High Efficiency Furnace
Tankless Water Heater
A+ Cole Valley Location

Exclusively listed by:
Alexander Clark
Keller Williams Luxury Realty International
theFrontSteps.com
alexclark@gmail.com
415-254-5351

For Sale | 707 Cole St. | Cole Valley | $2,495,000

This timeless Cole Valley single family home situated in one of the most desirable locations in all of San Francisco is a circa 1896 Victorian loaded with period details and charm, and updated for today’s standards. Just two blocks to the heart of Cole Valley, the N-Judah, Golden Gate Park, Haight-Ashbury, and so many more iconic San Francisco locations, this is truly a must-see property.


Carefully maintained to preserve the era in which it was built and upgraded with the finest modern amenities, 707 Cole features a formal entry/foyer and grand staircase leading upstairs to three of the four generously proportioned bedrooms (including master with it’s own fireplace), one bathroom, and conveniently located stackable washer and dryer. The entire top floor is bathed in natural light and period charm, including well preserved, beautiful original wood floors, and access to the large attic.

The main level features gorgeous, newly refinished wood floors, a formal living room with fireplace, a formal dining room, also with fireplace and wonderful French doors that open to a private outdoor deck perfect for indoor/outdoor living when San Francisco weather delights. Also on this level is the modern kitchen with bar seating, granite countertops, custom cabinets, recessed lighting, Viking Gas Range, stainless appliances, and windows looking out on the Japanese maples and large avocado tree in the professionally landscaped backyard.

The recent, down to the studs, remodeled ground floor is a perfect space for extra guests, playroom, home office, or your teenager that wants his/her privacy. Complete with wood floors, open flow, custom wood closets and cabinetry, a modern bathroom addition, and amazing floor to ceiling pivot door that brings the outside in and truly makes the transition from indoor to outdoor living seamless, this fourth bedroom is a wonderful addition to the already amazing home. Also on this level is garage parking for two cars, and interior access to the mudroom with custom wood cabinets and heaps of additional storage for all of your toys, bikes, skis, boots and shoes.

The backyard was professionally designed and maintained with seating areas, lush plantings, excellent flow, and low maintenance artificial turf for year-round enjoyment.

Property Details:
List Price $2,495,000
Year Built 1896
4 bedrooms
3 baths
2 Car parking
Formal Dining
Formal Living Room
Formal Entryway
Grand Staircase
High Ceilings
3 Fireplaces (decorative)
Wood Floors
Designer Lighting
Modern Kitchen
Gas Range
Landscaped Backyard
Artificial Turf
Solar Panels
Seismic Upgrades
Large Attic
Washer & Dryer
Nest Thermostat
New Double Paned Windows
High Efficiency Furnace
Tankless Water Heater
A+ Cole Valley Location

Showing Schedule:
Saturday 6/17 1-4pm
Sunday 6/18 1-4pm
Tuesday 6/20 12-1:30
Saturday 6/24 1-4pm
Sunday 6/25 1-4pm
Offer Date TBD after first weekend open houses

Exclusively listed by:
Alexander Clark
Keller Williams Luxury Realty International
theFrontSteps.com
alexclark@gmail.com
415-254-5351

For Sale | 2154 A Market St. | Duboce Triangle | $1,295,000

Don’t let the address fool you…this property is a slice of heaven in one of San Francisco’s most hip, lively, and sought after neighborhoods, literally on the borders of Duboce Triangle, Upper Market/Castro, and Mission Dolores neighborhoods.


[Interior images are from prior listing.]

Situated at the rear of the property, and not fronting the street, amongst towering trees and urban gardens, 2154 A Market Street is a beautiful oasis in the heart of the action. This top floor, late 1800’s Victorian with amazing period details features soaring ~12 foot ceilings, triple crown molding, original wood floors, a large open living room with wood burning fireplace, two generously sized bedrooms, a formal dining room with tons of natural light, an open and bright kitchen with modern appliances, Fisher Paykal refrigerator, ceasarstone countertops, and breakfast nook, stackable washer & dryer, shared outdoor space, additional storage, and parking for one car.

The variety of entertainment, dining, public transportation, bike routes, and city life immediately out your front door is astounding. Make this your home, and be the envy of all your friends.

Property Details:
List price: $1,295,000
2 bed
1 bath
1 car parking
Condominium
High Ceilings
Original Wood Floors
Victorian Details
~12′ Ceilings
Fireplace
Washer & Dryer
Cottage is in Rear of Lot
Common Area Outdoor Space
HOA Dues: $317.32/mo includes water, garbage, gardener, and accountant

Showing Schedule:
Saturday 6/10 1-4pm
Sunday 6/11 1-4pm
Tuesday 6/13 12-1:30

Exclusively listed by:
Alexander Clark
Keller Williams Luxury Realty International
theFrontSteps.com
alexclark@gmail.com
415-254-5351

SOLD | 323 Church St. #A | Mission Dolores | $1,525,000

I’m pleased to report the successful off market close of my clients’ amazing condominium in a smooth and effortless transaction. Congratulations to the buyers, and my clients (the sellers). It has been a great deal all around.

Talk about a great location…

Remodeled in 2015 and only lived in by one owner since, this home has softwood floors, high ceilings & period details.

The light & airy living room has new double-paned windows & a decorative fireplace. The remodeled kitchen features Carrera marble counters, wood floors, stainless appliances, including a Bertazzoni Gas range & stackable washer & dryer. It has a lovely, separate dining area with soaring windows viewing lush greenery and open space. The kitchen leads onto a back staircase with easy access to the garden.

This flat features two lovely bedrooms and a home office/den. The tiled bathroom has a shower over bathtub & vanity. The lush common garden is perfect for entertaining. Deeded 1 car parking w/ additional storage. Walk score 98. 1 block to tech buses, shopping, MUNI & restaurants. Walk to Dolores Park, Valencia Corridor & Castro.

Property Details:
$1,525,000
NOT ON MLS
Victorian Flat
2 bedroom
1 bath
Den/Office
Soft & Hardwood floors
High Ceilings
Decorative Fireplace
Designer Lighting
Period Details
Double Paned Windows
Bertazzoni Range
Carrera Marble Countertops
Washer & Dryer
Parking
Shared Yard
Storage
A+++ Location

Exclusively listed by:
Alexander Clark
Keller Williams Luxury Realty International
theFrontSteps.com
alexclark@gmail.com
415-254-5351