Architecture, views, probates, penthouses, lofts, TICs, luxury homes, mortgage rates, sales prices, market cycles, and everything else we could think of in a look back on 2015. A neighborhood map of San Francisco is included at the bottom of this report for your convenience.
Hope everyone had a great Thanksgiving! I know I did. Back to the grind… With the grind comes daily ganders at all things San Francisco real estate, and today is no exception. Check out this this Nob Hill Co-op apartment at 1333 Jones topping our weekly list of underbids (because they do exist). Listed just … Continue reading 13% Under Asking In Nob Hill | That’s An Audi R8
Who prices a top floor Mission Dolores 2 bed, 2.5 bath, 1328 square foot condo WITH PARKING, and roof deck, in the epicenter of hip at $998,000 anyway! Everyone knows the going rate is at least $1000 per square foot. Teaser price. Teaser. Anyhow, this week’s top spot on the list of jaw dropping Overbids … Continue reading Top Floor Teaser Sells $502,000 Over List | Mission Dolores | Maximum Overbid
A look at San Francisco Bay Area housing affordability trends over time and how they intersect with real estate market corrections: The 2008 San Francisco Bay Area real estate crash was not caused just by a local affordability crisis: It was triggered by macro-economic events in financial markets which affected real estate markets across the … Continue reading Housing Affordability and Market Corrections
In case you don’t get sfnewsletter (I posted this there), here is our November 2015 San Francisco Real Estate Market Report, including 11 Custom Charts: ———————————————————— San Francisco led the Bay Area and the nation when its real estate recovery began in early 2012. Within the city itself, the more affluent neighborhoods led the rebound … Continue reading Luxury Home Segment Cools | “Affordable” Homes Market Remains Competitive
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
I’m going to go ahead and skip the #1 at 38 Yukon, because it’s…well…just another $1200 per square foot sale of a small condo in a hot neighborhood. Instead, have a look at the #2 spot, which goes to 35 Rolph in Crocker Amazon: A 1350 square foot, two bed, one bath home in the … Continue reading #2 Maximum Overbid Of The Week, Because The #1 Is Too Common
SAN FRANCISCO CONDOMINIUM PRICES DECLINED 3 PERCENT IN SEPTEMBER FROM PREVIOUS MONTH, UP 15 PERCENT FROM LAST YEAR Resale Inventory Surpasses Two Months of Supply for First Time in Two Years According to The Mark Company Trend Sheet San Francisco – October 14, 2015 – San Francisco condominium prices declined 3 percent from the previous … Continue reading San Francisco Condo Prices Down 3% Since Month Prior, Up 15% YTD
I’m going to make you cry…and then I’m going to make you cry more. Here’s how: Last sold in 2007 for $995,000, 1477-1479 Guerrero just clinched this week’s top spot on the list of insane overbids coming in a meager $705,000 above the $995,000 asking price (note…same asking price as selling price in 2007) and … Continue reading 1447-1449 Guerrero Sells $705,000 Over, But There Is More…
It’s the house that had not only a hoarder, but a mummified corpse father of said hoarder that takes top honors this week. Originally listed for $928,000, 152 4th Ave buyers jumped at this house, put it in contract for $1,029,500, and sent it to court for overbids. With the hoarding daughter hospitalized and hopefully … Continue reading Maximum Overbid Of The Week | “Corpse House” Wins | HazMat Suit Sold Separately
Touting some of the “best amenities, weather, and transit in the city” (I’ll let you all debate the Richmond District’s claim to that), 607-609 4th Ave just closed a mere $605,000 over list price, and earned this week’s title of Maximum Overbid. Congrats. The best part…it comes with a “low maintenance” yard. For all of … Continue reading Maximum Overbid Of The Week | Good Lord!
What an interesting Summer! We are still in the midst of a hot real estate market where homes are getting quickly snatched up, buyers are stretching to pay over asking. The recent stock market gyration and Chinese currency devaluation add some uncertainty to the economy, and later this month the Fed is going to tell … Continue reading San Francisco Home Prices Remain High, affordability index stays low
It’s Friday, that can only mean one thing on theFrontSteps…Overbids. This week’s top dog is 620 Victoria in Ingleside Terrace, a 3 bed, 1.5 bath, 1512 square feet single family home listed for $899,000 and sold for $1,300,000, which, according to marketing remarks, is “Habitable, but could do with updating”. That’s $859 per square foot … Continue reading “Habitable, but could do with updating” | Maximum Overbid San Francisco
And the winner is…682 Duncan for a mere $625,000 over asking, and just shy of $1600 per square foot: Address BR/BA/Units DOM List Price Sold Price Overbid 682 Duncan Street 3/2.00/N/A 12 $1,050,000 $1,675,000 59.52% 430 Nevada Street 2/1.00/N/A 27 $699,000 $1,065,000 52.36% 1520 15th Street 2/1.00/N/A 22 $799,000 $1,175,000 47.06% 2219 25th Avenue 2/1.00/N/A … Continue reading Maximum Overbids Of the Week | $625,000 Over In Noe Valley | 291 Square Foot Studio Sells For $415,000
If you look at nothing else on these property lists I’ve posted below, have a look at the top 3 overbids…and my gallery of favorite photos. Top 10 Overbids of the week: Address BR/BA/Units DOM List Price Sold Price Overbid 566 6th Avenue 568 2-4 Units 21 $895,000 $1,800,000 101.12% 11 Hiliritas Avenue 2/1.00/N/A 11 … Continue reading Fixers Take The Cake | San Francisco Top 10 Overbids
Congratulations to my buyers (x4), and my off market seller! That was quite the whirlwind of activity, and I’m thrilled we were able to pull it all off. As my client said on my LinkedIn profile, I pulled off a “hat trick that [he] thought was impossible in the crazy San Francisco real estate market…” … Continue reading SOLD | Duboce Triangle, Inner Mission, Russian Hill, Mission Dolores