To say my clients didn’t absolutely score on this home is possibly the understatement of the year. When every house in the Parkside and Sunset is selling with multiple offers and at ridiculous prices, to be able to get in contract on one the day it hit MLS for well under market value in San Francisco is amazing…but we did it. I knew the “perfect storm” would come along, and it did. With a little luck, and a lot of persuasion, good things can happen to buyers in our market.
Perhaps a little less baffling than last week’s, and also a case of clearly underpricing a property, this little gem at 2724 Ortega just fetched nearly 40% more than asking ($849,000 to $1,135,000). To be perfectly honest, it sold exactly at a reasonable price, so there is not much of a story on this one, buuuttt…
From $999,000 to $1,328,000…. our friends around the world are collectively shaking their heads in disbelief. As for us, it’s all too familiar.
Top 10 Maximum Overbids Of the Week | San Francisco
|2724 Ortega Street||3/2.00/N/A||14||$849,000||$1,135,000||33.69%|
|1315 Minna Street||2/1.00/N/A||21||$999,000||$1,328,000||32.93%|
|635 38th Avenue||3/3.00/N/A||13||$1,495,000||$1,915,000||28.09%|
|6 Berkeley Way||4/3.50/N/A||15||$1,298,000||$1,650,000||27.12%|
|3392 16th Street||2/1.25/||12||$995,000||$1,245,000||25.13%|
|73 Naples Street||3/2.00/N/A||12||$749,000||$927,000||23.77%|
|1045 Church Street||3/1.00/N/A||19||$1,799,000||$2,225,000||23.68%|
|1039 Treat Avenue||2/1.00/||4||$1,099,000||$1,350,000||22.84%|
|2679 43rd Avenue||3/1.00/N/A||9||$749,000||$920,000||22.83%|
|1056 Cole Street||3/1.00/||13||$1,095,000||$1,310,000||19.63%|
For information about any of the sales you see above, about San Francisco, or our market, have a look around the site..it’s loaded with great information. Better yet, give us a shout and we’ll get you sorted.
Have a great weekend!
[Update: Sold! Sales Price $871,500. Six offers.]
It doesn’t get better than this in the Parkside. Twenty one ninety one (2191) 32nd Ave hits MLS tomorrow, and you are all getting the first look. That is unless you’ve been following me on Instagram (@theFrontSteps).
Asking price for this most excellent home in the Avenues of San Francisco will be $785,000, and we’ll be open this Sunday from 2-4pm. Come take a look, and send your friends and family. It goes in MLS tomorrow, but we aren’t opposed to loyal readers getting a jump on the rest of the buying population.
Fabulous Parkside Center Patio Rousseau and Tudor Style home. Meticulously maintained to preserve original details, this home’s main level boasts beautiful hardwood floors, formal entry, formal dining room, and formal living room w/ arched doorways, high exposed beam ceilings, wood burning fireplace, original tile bathroom, updated kitchen, skylights, center patio, balcony, and ocean views. Downstairs is a large 2 car garage w/ additional storage, laundry, and bonus room (media room / master suite) w/ fireplace, hardwood floors, bathroom, and access to quaint backyard. Parkside / Sunset buyers, you will not want to miss this one. It is like nothing you would have recently seen available on our market. No joke.
It’s not everyday you can buy one of the few homes on the Great Highway that easily clear the sand dunes to enjoy unobstructed (save for a little fog 4 months out of the year) views of easily the best surf spot in all of Northern California, Ocean Beach (we may be fibbing a bit on that comment, but go with the fantasy). If we weren’t Realtors working in a recession fueled by real estate, we’d snatch this 3 bed, 2.5 bath, $1,299,000 baby up in a second.
But we are Realtors, and the market has a long ways to go for a complete rebound, so we’ll just come crash your parties, and install a nice little surf cam on your roof. We promise nobody will know the location and you too can live the dream of being a San Francisco surfer (or wannabe). You’d even be (close) neighbors with the owners/founders of the Beach Chalet/Park Chalet, so maybe you’d get a free pint or two post surf to wash away the salt water…
Guess it’s time to get back on the blogging wagon and go fishin, cuz $1,299,000 ain’t happenin for us any time soon! Have we mentioned our fresh lime margaritas?
–2534 Great Highway, $1,299,000 [Redfin]
519 Foerster sold for over asking and 75K more than it last sold for in 2005.
(Here’s the link, 519 Foerster
not [editor is back in town] cleaned up):
It looks like there was a paint job, and maybe a new floor in the kitchen, maybe not. The 2005 listing advertises a “new home.”
This would seem to go along with the theory I and a number of others subscribe to. The “pockets” theory that there are neighborhoods throughout the city that continue to see appreciation. One of the most surprising and most glaring is the Inner Richmond more parkside properties. But I think Sunnyside/Miraloma Park is another. This one fetched 616 a foot.
— Kenneth (KJ) Kohlmyer a k a der fluj
From our reader:
Is any house in the central sunset worth 1.4 million? The average price in the central sunset 800k -900k.
Please take a look at 2960 22nd Ave, San Francisco which just came on the market.
…and the kitchen:
We must first say that this home is technically located in the Parkside, near Stern Grove and that area is quite nice. Having not actually been in the home, we can’t speak to the price, but if the pictures are any indication….oh wait, those are the before shots from the last sale in December 2007 at $900,000.
Read on for the after….
It seems to be the week of getting edumucated on theFrontSteps. First chickens, now rising crime in Bernal Heights? We have no factual evidence to support what we’re saying, but the information has come to us from a very reliable and trustworthy source. We’re hoping you (the reader) can shed some light on the matter. We know some of you in particular might have better knowledge on the matter than we, so please share.
Recently, we’ve been contacted by more than a dozen Realtors asking if we could “plug” their listings. Typically, this is not something we do as it defeats the purpose, honesty, and transparency of this blog, but we got to thinking…why not? We could make a little $$ from it, and help get the word out about some pretty cool properties that happen to still be available. Truth be told, a lot of “tips” from “tipsters” are essentially “plugs” anyway. Right?
Well, don’t worry, we’re not going to start whoring ourselves out…yet. But what has us thinking is the increase in requests to do so for properties that have only been on the market 2-6 weeks. In any other part of the country having a listing for 4 months is normal, and panic usually sets in around the 6th month that it is not sold, so why such alarm after 2-6 weeks? San Francisco Realtors are so accustomed to homes flying off the shelf, and when they don’t…they PANIC! Remember, a listing isn’t a “Stalefish” until 100 days have passed, so why all the panic?
We still say it all comes down to pricing, pricing, pricing, and location, location, location, and there is no need for panic across the board. We’re still hearing many more reports of multiple offers and properties flying off the shelf than we are of properties sitting, but is the national trend finally starting to hit San Francisco on a broader level, not just the southern districts? We’ve heard reports of homes in the Inner Richmond, Cole Valley, Westwood Park, Bernal Heights, Inner Sunset, Noe Valley (Gasp!), Parkside, Potrero Hill, and a few other nabes getting a bit stale. Properties that previously would have sold in the blink of an eye. So what gives?
We want your thoughts, especially you Realtors. Go ahead and comment anonymously, we won’t tell. And we certainly hope to hear from the Fluj, who, in case you missed it, we caught.
[If you’d like to check out what we’ve written about other neighborhoods in San Francisco, look to the right hand column and “Browse Site by Category”.]
This post has absolutely nothing to do with real estate, unless of course you’re looking to buy a home down at Ocean Beach (Outer Sunset/Outer Parkside), because of our pristine beaches and ideal beach weather, but we thought we’d get the word out. Things won’t be the same down there for a long time. We pulled this quote from the local surf report, and figured we’d pass it along:
…there is so much oil on Ocean Beach right now, it is going to take thousands of people, thousands of hours to clean it all up. I just spent 5 hours picking up globs of oil and believe me, the public is needed here. Make no mistake, once you get out here you will realize this an an environmental catastrophe right before our eyes right in our home break. The sooner the oil gets off the beach, the less gets washed back into the ocean and the sooner this will get better. As it is, it’s going to be weeks before anyone can surf out here. So please send a message to surfers to come and help clean up our beloved beach. Here’s how to do it: 1. Wear old clothes and shoes–they will get oil on them and most likely be ruined. 2. Get some latex (i.e., doctor’s) gloves or heavy duty dishwashing rubber gloves. 3. Get a trash bag or, even better, put a trash bag inside of a 5 gallon bucket. 4. Go to the beach and pick up the globs of oil. The globs range in size from smaller than a dime to as big as a jellyfish. The best time to pick them up is when the globs are lying on the wet smooth sand so you can skim the globs together and, because the sand is wet, it doesn’t stick to the oil. So this means the best time is medium high tide dropping through low tide through about medium tide. However, if you can’t make it then, just go any time as the magnitude of this problem is HUGE and there has been a very limited response so far. Thanks for your help in getting out the message. Other activists recommend bringing a kitty litter scooper to pick up the globs of oil. Bring as many kitty litter scoopers as possible! DO NOT PICK UP BIRDS OR OTHER ANIMALS COATED WITH OIL!! BRING A FULLY CHARGED CELL PHONE TO THE BEACH WITH THE FOLLOWING PHONE NUMBER ENTERED : IF ANIMALS IN TROUBLE SPOTTED, CALL 877.823.6926
We have to ask, where do you trash the oil you collect?
As if it isn’t hard enough finding good surf here, and suffering though cold miserable, foggy Summers to arrive at Fall (the best time of year) and we can’t even get in the water.
–Grassroots effort to clean Ocean Beach [Kill the Spill, sfoilspill.blogspot.com]
–SF Gov. Oil Spill Information [sfgov.org, the official stuff]
–Craigslist posting on how to clean up oil [Craigslist]
–Baykeeper.org [website and link from Scott at Redfin…thanks!]
theFrontSteps is not involved in organizing any volunteers and warns that any help you provide is at your own risk. Volunteers at Ocean Beach are reporting health problems: difficulty breathing, burning eyes, sore throats, headaches and dizziness. This is very nasty, toxic stuff that is on the beaches. theFrontSteps is providing this information solely as a service to the community. This type of activity could be illegal, and we do not in any way shape or form take responsibility for your actions.