Imagine you’re browsing SF home listings and you stumble across a comfy looking condo that for some reason is priced markedly below even similar units in the same neighborhood. And it’s branded with some mysterious letters: “TIC.” What to make of this conundrum? Even those who have already gotten their feet wet buying and selling … Continue reading Demystifying SF’s Tenancy-In-Common Condos
It seems like it must have been another lifetime when you could buy a home in San Francisco for a mere $500,000. But in fact this was a commanding sum in the SF market until very recently, before the housing boom rewired our brains to imagine SF homes as exclusively seven-figure properties. Admittedly, you have … Continue reading What Kind of SF Home Can You Buy For Less Than $500K?
Britain’s June vote to exit the EU has already had an impact on the market in the US, including here in San Francisco. Mortgage rates have dropped almost a quarter of a percent, making the monthly payments on our pricey housing slightly more affordable. The result is that it will support continuing increases in sales … Continue reading San Francisco Market Report
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. … Continue reading May 2016 Central San Francisco Market Conditions
We saw first quarter median Single Family Home prices in San Francisco jump with their biggest percentage increase (5.6%) in a decade, and in April’s numbers continue this strong upwards trend. The median price in San Francisco was $1,380,000 in April, the highest ever, and a 4.5% increase over March (yikes!). Resale Condo/Loft Median Prices … Continue reading May 2016 Market Report | San Francisco
Some things just never get old (like me), and some things never go out of style, like 2170 Jackson #3, which clinched this week’s top spot on our Underbid list by selling 10.59% under it’s $4,250,000 asking price at a cool $3,800,000. I can hear you all gasping either sighs of relief, gasps of ahhh, … Continue reading Pacific Heights Co-Op Asks $4.2M Gets $3.8M, And Those Views…
Hey! We’re back. What a great vacation (in Hawaii), and great to see even when I’m surfing, you’re all still browsing. So, on with the show… Monday was a travel day, so Tuesday is all about the Underbid, and this week a sweet little fixer with amazing carpeting, staging, painting, and lighting (Oh yeah, there … Continue reading Golden Gate Heights Fixer Sells $455,000 Under Asking, But Still $1.9M
SAN FRANCISCO NEW CONSTRUCTION CONDOMINIUM PRICES DECLINED 1 PERCENT FROM PREVIOUS MONTH, UP 2 PERCENT FROM A YEAR AGO. RESALES PRICES DECLINED 10% FROM PREVIOUS MONTH, DOWN 6 PERCENT FROM A YEAR AGO. Though San Francisco pricing dropped for the fifth consecutive month, contract absorption at new developments indicates that the 2016 selling season is … Continue reading New Construction Condo Prices Up, Resale Condo Prices Down
Top floor, luxury, view two bedroom, two bath condominium in a boutique elevator building with parking, situated in the vibrant SOMA District of San Francisco.
Closed on the last day of 2015 was this 3 bedroom Russian Hill condominium with dramatic views. Listed for just shy of $3.2M and sold 18% under asking, at $2.6M, it takes top spot on the top 10 Podium Underbids of the week for San Francisco. Interesting to note is that out of the top … Continue reading Maximum Underbid | Russian Hill Property Wins | List $3.2M, Sold $2.6M
It only took seven months, but in the end, it got there. SOLD for $440,000 UNDER asking! You read that correctly, this 6-bedroom single family home in Mission Terrace at 100 Delano Avenue just closed $440,000 below the original (back in March) asking price of $1,600,000. After a price chop to $1.5, then $1.4, then … Continue reading $440,000 Under Asking | Personal Chapel Maybe Included, Wallpaper Definitely
The new S&P Case-Shiller Index for August was just released on Tuesday. The prices for homes in the upper third of prices – which dominate in most of San Francisco, central and southern Marin, and central Contra Costa – ticked down a tiny bit in summer, exactly as they did last summer. These short-term fluctuations … Continue reading August Case-Shiller Index | San Francisco Bay Area
These Broker Metrics charts track weekly number of Active Listings over the past 6 months (early May to mid-October): SFD, under $1m Active Listings – weekly inventory just below 6 month average, about same level as spring, lowest number of active listings since early July. Condo, under $1m Active Listings – autumn inventory levels well … Continue reading Active Listings By Price Segment and Property Type
Holy moly did this one go great, or what!? Top floor 1 bed, 1 bath condo with its own private deeded garage in an A+ Marina District location. After kindly declining multiple attempts to pre-empt offers, we stuck to our marketing plan, got roughly 250 parties through the door, reviewed 7 offers, and just closed … Continue reading SOLD | 1487 Chestnut | Marina District | $1,050,000 | 24% Over
Situated within the Beideman Historic district of San Francisco’s Western Addition Neighborhood, just steps from the bustling shops and restaurants of the Divisadero and Fillmore corridors (think NOPA, Bi-Rite, The Mill, State Bird Provisions, Japan Town, and so many more), and a chip shot away from Alamo Square and Alta Plaza Park, this spacious 2 … Continue reading For Sale | Designer Condo | Hip Location | $779,000
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…