If you haven’t heard about listing syndicator site Zillow acquiring competitor site Trulia for $3.5 Billion in stock, I feel for you…especially if you’re in real estate. Since this announcement, I’ve received a couple emails, seen a few comments, read a few newsletters, and thought I’d try to spark a dialogue here on the site. … Continue reading Zillow Acquires Trulia: Wake Up Brokers! They’re Getting Rich At Your Expense
Case-Shiller Home Price Index Update For The San Francisco Bay Area
The Case-Shiller Index report for May 2014 for the 5-county San Francisco Metro Statistical Area was released the other day, showing another small bump in home prices from April to May. The aggregate or total index is now up approximately 55% since the market recovery began in early 2012. The 5 counties covered by the … Continue reading Case-Shiller Home Price Index Update For The San Francisco Bay Area
Noe Valley – Eureka Valley Homes Cross $1000 per sqft, Glen Park home sales up 12% YOY
Below you will find important statistics for the past decade and a half on the luxury markets in District 5. The price point has reached $1.5M for an average home in Glen Park and more than $2M to own a home in Noe Valley and Eureka Valley. Note that the 2014 data are year-to-date, between … Continue reading Noe Valley – Eureka Valley Homes Cross $1000 per sqft, Glen Park home sales up 12% YOY
San Francisco Condo Prices Continue to Rise: $1,144 per sqft (new condo), $953 per sqft (resale)
According to The Mark Company Trend Sheet, the value of new construction condominiums in San Francisco was $1,144 per square foot in June, up 13 percent year over year, and the value of resale condominiums was $953 per square foot, up 23 percent year over year. Below you will find the recent new construction and … Continue reading San Francisco Condo Prices Continue to Rise: $1,144 per sqft (new condo), $953 per sqft (resale)
The 30+ Club
From 333 Grant #707 to 4348 21st St, an $11,000,000 Penthouse at the Four Seasons to a 1 bedroom condo on the 46th Floor of that big ol’ tower by the Bay Bridge, there is a little category out there that is often overlooked and it’s high time it gets the attention it deserves: Properties … Continue reading The 30+ Club
We Just Beat The Closest Comp By $200,000
I’m pleased to announce my clients have successfully sold their Richmond District top floor condominium for $1,200,000 (listed at $949,000), or as I like to point out, $200,000 more than the most recent, closest competitor property on 26th Ave that listed almost the same day as we did. It’s no coincidence we knocked it out … Continue reading We Just Beat The Closest Comp By $200,000
$1.6 to $2.2 – $1.2 to $1.6 – $1.6 to $2.3…San Francisco Overbids Continue With No End In Sight
Although I’ve been out and about and trying to enjoy summer, clearly the Overbid factory didn’t get the memo. Check out the most recent craziness, including one architect/owner designed house on 15th Ave that sold almost 40% over asking! To all of those that think things slow down in Summer…think again. Top 10 Overbids for … Continue reading $1.6 to $2.2 – $1.2 to $1.6 – $1.6 to $2.3…San Francisco Overbids Continue With No End In Sight
Happy 4th Of July!
Imagine if the British had won… I hope the fog lifts so San Francisco gets a firework display, rather than a colorful cloud show. Me, I’m outta here, seeking 90+ degree weather, high altitude, blue water, mt bike trails, and eventually my kids. Be safe. Drive safe. Drink Safe. Have a great weekend.
San Francisco New Developments And Luxury High Rise Condominiums
A Look At Some New Developments Popping Up Around Town San Francisco median home sales prices have increased dramatically since 2012. Beginning from a low-$600k with an average price per sqft of mid-$500, and then accelerating in the first half of 2013 close to $800k with an average price of mid-$600 per sq ft, to … Continue reading San Francisco New Developments And Luxury High Rise Condominiums
San Francisco’s Top 10 Overbids
From $1,400,000 to $14,000,000 on 25th Ave?! Are you kidding me!? Yes, that’s a typo for sure. Agent error. Fat fingers. Something. It’s not right. But the rest – wow! Address BR/BA/Units DOM List Price Sold Price Overbid 2910 24th Ave 4/2.00/N/A 10 $1,400,000 $14,000,000 900.00% 140 Jerrold Ave 3/1.50/ 7 $215,000 $413,000 92.09% 1725 … Continue reading San Francisco’s Top 10 Overbids
Eureka Valley Home Sells For (Gasp!) Almost 20% UNDER Asking?
Here’s a shocker: 4369 21st, a single family home in Eureka Valley that was listed at $1,299,950 just sold for – wait for it – 19.23% UNDER asking. That is correct. Multiple offers came in, buyers lined up, ultimately a hefty Section 1 pest tab forced the seller to go with the all cash, easy … Continue reading Eureka Valley Home Sells For (Gasp!) Almost 20% UNDER Asking?
Case-Shiller: New Jump In Bay Area Home Prices
The new S&P Case-Shiller Home Price Index for April 2014 came out today and it showed another bump in home prices for the 5-county San Francisco Metro Statistical Area. For homes in the upper tier of home values – as most of San Francisco’s are – prices are up approximately 17% in the past 12 … Continue reading Case-Shiller: New Jump In Bay Area Home Prices
“Sensibility And Overall Likability Are A Winning Combination”
I just wrapped up a deal with some buyers in NOPA, and this is what they had to say about working with me: Great agent. Not only did Alex stick by us through multiple offers but finally landed us our new home even though we weren’t the highest bidders and we were up against all … Continue reading “Sensibility And Overall Likability Are A Winning Combination”
San Francisco Flippers Make The Most – Says Redfin
This post comes to you by way of our friends at Redfin. Enjoy – Waiting for the tech boom to burst? Aiming for that perfect gap to sell and then buy? Real estate cycles takes years, and it’s not for everyone, especially when you don’t have the time or the patience. But if you’re remotely … Continue reading San Francisco Flippers Make The Most – Says Redfin
From 32% In NOPA To 65% On Nevada – San Francisco’s Top 10 Overbids
It’s Friday, that means it’s time for the Top 10 Maximum Overbids of the week. As usual, there are some doozies, but nothing I would consider ultimate shockers like a few of the last weekly Top 10’s we’ve seen. The number one spot goes to the “Contractor’s Special” on Nevada in Bernal Heights that fetched … Continue reading From 32% In NOPA To 65% On Nevada – San Francisco’s Top 10 Overbids
Recessions, Recoveries & Bubbles
My company just put out some heavy duty data crunching that can shed some light on this recent housing boom. I have put the entire report below. Enjoy and share. 30 Years of Housing Market Cycles in San Francisco Updated Report Below is a look at the past 30 years of San Francisco Bay Area … Continue reading Recessions, Recoveries & Bubbles