Alexander Clark/Cole Valley/Condominium/First Dibs/Golden Gate Park/Haight Ashbury/Listings/NOPA/San Francisco/San Francisco Real Estate/theFrontSteps/Victorian

Upper Haight Victorian For $1,495,000…Yes Please!

thefrontsteps Leave a comment

This turn of the century Top Floor two plus bedroom, two bathroom, south facing Victorian Condominium checks all the boxes in the most ideal Upper Haight/Ashbury location.

1826 Page St | Facade
1826 Page St | Entry
1826 Page St | Living Room
1826 Page St | Haight Ashbury | $1,495,000
1826 Page St | Living Room to Double Parlor Bedroom
1826 Page St | Bedroom
1826 Page St | Bedroom
1826 Page St | Front Bedroom
1826 Page St | Kitchen / Dining
1826 Page St | Kitchen
1826 Page St | Kitchen
1826 Page St | Kitchen
1826 Page St | Breakfast Nook / Office
1826 Page St | Hall Bathroom
1826 Page St | Hall Bathroom
1826 Page St | Master Bedroom
1826 Page St | Master Bedroom
1826 Page St | Master Bathroom
1826 Page St | Master Bathroom
1826 Page St | Washer/Dryer
1826 Page Common Patio
1826 Page Common Patio
1826 Page Common Patio
1826 Page St | Floorplan

Entering from street level, you’ll be drawn in by large, period stained glass windows above the front door flooding the entry with natural light which radiates throughout the entire home. Victorian details abound including a picturesque stained glass skylight, soaring ceilings, original dark wood floors, crown moldings, wainscoting, two working fireplaces, and large functioning pocket doors. The front windows provide a great view of Sutro Tower. This unit has been continually updated since the early 1900s with 2 substantial skylights in the eat-in kitchen, office/bonus room in the back, modern bathrooms, updated appliances, brand new in-unit Washer & Dryer, Monkeybrains & cable ready Internet, beautiful shared courtyard, parking for one car, substantial garage storage including a storage room w/lock.

This central location is across the street from The Park Branch Public Library, 1 block from shops on Haight Street and the Panhandle, 2 blocks from Whole Foods & the entrance to Golden Gate Park. Easy commute anywhere in SF: North, West, East, and South, walk to Cole Valley, tech shuttle stops, St. Mary’s / Dignity Medical Center, UCSF Parnassus and a multitude of dining and shopping options. While the official “Walk Score” is 97 it feels more like 99! As Page Street is one of SF’s official bike routes, 1826 Page street has a “Bike Score” of 98.

When you own a Victorian like this you’ll enjoy the benefits of a modern space while appreciating the quality workmanship, design, charm, and engineering of an historic San Francisco Victorian. Come visit us at one of the open houses, peruse the high resolution photos, or better yet, schedule a private tour and come fall in love with your future home.

Property Details:
List Price: $1,495,000
1400 square feet (per floor plan expert)
2+ bedrooms
2 bathrooms
Office/Breakfast Nook
1 car parking
Storage
Original Wood Floors
2 Fireplaces
Period Details
High Ceilings
Skylights
In Unit Washer & Dryer
Serene Common area Patio
HOA Fees $369/mo. (Includes Water, Garbage, Insurance, Common Electric and repairs.)

Showing Schedule:
Saturday 6/9 from 1-4pm
Sunday 6/10 from 1-4pm
Private Showings by Appointment
Offers as they come

Exclusively listed by:
Alexander Clark
Keller Williams Luxury Realty International
theFrontSteps.com
alexclark@gmail.com
415-254-5351
DRE#01339386
For more information, a private tour, or to chat about your property, you can contact me via the info above, or try the contact form below.

Alexander Clark/Listings/Outer Parkside/theFrontSteps/View Property

Top Floor Booming Ocean View Condo Not To Be Missed | $899,000 | Outer Parkside

thefrontsteps Leave a comment

Situated at the edge of the city (and continent for that matter), this top floor two bedroom, one bathroom condominium is supremely located for the outdoor enthusiast, lover of incredible views and ocean life, or person looking for sanctuary in our bustling city (yet easy access to Downtown, Southern, and Northern commutes).

SOLD | 2456 Great Highway | Outer Parkside / Ocean Beach | $1,150,000
2456 Great Highway Sunsets
2456 Great Highway Top Floor Condo
2456 Great Highway Living Room
2456 Great Highway Living Room
2456 Great Highway Living Room to Kitchen
2456 Great Highway Kitchen w/ Bar Seating
2456 Great Highway Designer Kitchen
2456 Great Highway Master Bedroom
2456 Great Highway Master Bedroom
2456 Great Highway Closet
2456 Great Highway Designer Bathroom
2456 Great Highway Bedroom 2
2456 Great Highway Sunset Views
2456 Great Highway Sunset Views to Marin County
2456 Great Highway Sunset Views
2456 Great Highway View to Marin
2456 Great Highway Shared Yard
2456 Great Highway Shared Yard
2456 Great Highway Shared Yard

The perfect starter home, investment, or vacation property, 2456 Great Highway is right across the street from Ocean Beach and has everything today’s buyer seeks, including: Hardwood floors; Open/Designer Kitchen with bar counter/ Thermador Gas Range; Liebherr Refrigerator; Miele Dishwasher; Huge shared yard; Parking for one car; Shared Washer & Dryer; Extra Storage; and amazing Ocean Views.

Not only does this property have everything you need, and the most excellent of ocean views, but in case you haven’t heard the Outer Sunset / Parkside is Hot, Hotter, Hottest … with many new restaurants, bars, shops, and a diverse mix of residents who all delight in their location and beach vibe that only San Francisco’s Ocean Beach can provide. Big wave hold downs, long paddle outs, and frigid surfs are literally out your door, as are brilliantly warm, crystal clear fog-free days, walks on the beach, visits to the Zoo, or just hanging out in the most popular neighborhood in San Francisco. Everything you’ve heard about this area is true, and everything you need in a home is in this property.

Property Details:
$899,000
Contemporary
Top Floor Condominium
2 Bedroom
1 Bathroom
1 Car Parking
Hardwood Floors
Designer / Open Kitchen w/ bar seating
Thermador Gas Range
Liebherr Refrigerator
Miele Dishwasher
Modern Bathroom
Ocean Views
Shared Yard
Storage
Washer & Dryer
HOA Fees: $300/month

Showing Schedule:
Saturday & Sunday Open House 2-4pm
Tuesday 1-2:30 pm
Private Showings upon request

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

For more information, a private tour, or to chat about your property, you can contact me via the info above, or try the contact form below.

Announcements

A Warning To Realtors & Principals Everywhere | Padmapper Scammers Posing As Us

thefrontsteps 5 Comments

To my colleagues in the industry and the general public seeking housing in and around the San Francisco Bay Area.

Recently I was contacted by a nice person who left me a voicemail saying, “I’m inquiring about 333 Cherry Street, thanks for responding to my email…I just wanted to ask a couple more follow up questions before I commit to signing the document and sending you over thousands of dollars…”

This voicemail is not the scam, but this is:


Here is the post on Padmapper (which I assume will be pulled soon), so don’t be surprised if the link is broken. The text in the post reads:

333 Cherry Street Apt #B, San Francisco, CA 94118 – 0 BR 1 BA Condo. Listing uploaded and marketed by Alexander Clark, Thefrontsteps, 1(415) 477-1100. This garden studio condominium is located in the rear of a small three-unit Victorian building overlooking a deck and landscaped garden. It has been renovated with beautiful finishes, including a sleek kitchen, spacious bathroom and built-in cabinetry. Located in the heart of Presidio Heights, this home is in one of San Francisco?s most desirable neighborhoods near the Presidio National Park…

That’s the bait. Here is the email sent after this person inquired:

Hello [Name],

This is to acknowledge your e-mail. Let me answer to your questions as follows:

Q- What’s included in the furnishings?
A- Everything you see in the pictures displayed online.

Q- Do you have any additional pictures (videos) of the unit?
A- No, there are no additional pictures for this unit.

The unit is not available for viewing this week as you have requested, because the current tenant’s lease ends next weekend(It is impossible to take all prospective tenant for viewing when the lease has not ended).The open house is on the 29 & 30 of this month between 2:30pm – 4pm(refer to my last email); also the move in date is May 3,2018 or after so you can come view the unit any of those days. Regarding to your request, the unit is available for short and long term lease, there is washer/Dryer in the unit and parking for 1 car included in the rent.

Please understand that the rental market in San Francisco is competitive so the unit is on high demand, so if you are really interested in this apartment I will advise you secure it now so that you do not lose it to other prospective tenants who have contacted me also. Like I said before who secures it first gets the unit; To lock down the unit you will have to deposit only the first month’s rent plus the refundable security deposit after completing all the relevant rental documents. Note that if you choose to reserve the unit now, and if after you have viewed the unit that you are in anyway not satisfied, you can request for a refund which will be given to you that same instant. The terms and conditions of the contract gives you full refund if you do not want the apartment upon viewing.

Lease Plans and available discount:

– 3 months upfront payment attract discount of 5% on the total rent.
– 6 months upfront payment attract discount of 10% on the total rent.
– 12 months upfront payment attract discount of 10% on the total rent.

Download Rental Application Form attached below fill out all necessary fields; Return back to me by e-mail attachment or fax along with a copy of your ID, and as soon as I receive your filled application form I shall forward the lease contract agreement for your review of the terms and conditions. I am 100% confident that if you like what you saw online, you will surely go ahead and take the unit because the pictures represent the true and present condition of the unit.

I will await your earliest response so that we can proceed with the securing of the apartment for your lease duration.

My Regards,
Alexander Clark
Tel:415-477-1100

Bogus! All of it.

And here is their follow up to this person’s extra questions. :

I understand your concern and will send the landlord’s bank detail for you to make the reservation payment now but you have to send in your application and also append your signature to the lease contract before I can issue your reservation receipt to you tomorrow.

Send the reservation deposit which consists of the first month’s rent ($2,050) and the refundable security deposit($2500) which totals $4550 only to the landlord’s bank account details below:

Bank Details

Bank Name: Wells Fargo

Account Name: Michael Jones

Account Number: 5525124219

Routing Number: 061000227

Beneficiary Address: 1201 4th St, San Francisco, CA 94158.

Remember to send me the bank transfer receipt after payment for my record purposes.

Regards,
Crooks of epic proportion

I hope everyone takes a look at this post, forwards it, watches out for it, and these jerks get caught. I doubt they will get caught, but at the very least Realtors everywhere need to watch out for this kind of activity. If anyone has any further information on the matter, or similar experience, or questions, please reach out to me, or feel free to comment below.

Sincerely,
the Real Alexander Clark

Alexander Clark/Maximum Overbid ™/Off Market

Tight Inventory, Top 10 Overbids, and 7 Off Market Listings

thefrontsteps 3 Comments

Currently, there are exactly 167 Single Family Homes for sale in the entire city of San Francisco…from the Marina District down to Visitacion Valley. Of those, only 42 hit the market in the last week, and some have actually been on the market more than 30 days (I call them Stalefish, and that’s where you might – just might – find a “deal”). But mostly, we’re a city still starving for single family homes, and they are literally flying off the shelf. Condos in desirable areas are about the same, but I’m not going there right now.

What does this mean? It means competition is fierce, multiple offers are commonplace, and Overbidding is still not anywhere near done. Have a look at this week’s top 10 Overbids. Keep in mind, this is only the top 10, if you want to see more, follow this link to more recent sales.
Address BR/BA/Units DOM List Price Sold Price Overbid
2662 40th Avenue 4/2.00/N/A 9 $995,000 $1,550,000 55.78%
157 College Avenue 3/1.00/N/A 14 $949,888 $1,450,000 52.65%
1415 11th Avenue 2-4 Units 15 $995,000 $1,500,000 50.75%
1734 27th Avenue 2/1.00/N/A 14 $995,000 $1,480,000 48.74%
439 Greenwich Street 0/1.00/17 7 $488,000 $720,000 47.54%
1090 Page Street 2/1.00/1 7 $899,000 $1,305,000 45.16%
1706 17th Avenue 3/1.50/N/A 10 $1,195,000 $1,715,000 43.51%
1933 Ulloa Street 3/1.00/N/A 13 $949,000 $1,335,000 40.67%
368 17th Avenue 2/1.00/N/A 13 $1,295,000 $1,810,000 39.77%
945 Corbett Avenue 1/1.00/107 7 $699,000 $975,000 39.48%

All of this said, if you’re losing out, I have several listings coming to market, and a couple we’ll sell off market:
Single Family home on Cabrillo at 36th
Single Family home on 46th at Balboa with Ocean Views
Single Family home near Alta Mar in Sutro Heights with Ocean Views
Condo near the Great Highway with Ocean Views
Condo on Frederick in Cole Valley with Valley views
Condo on Page near Upper Haight
Empty lot in Russian Hill ready to build

So…I’ll do my part to get some inventory for you, but in the meantime marvel at those Overbids, have a good weekend, and enjoy this Summer weather!

Happy Aloha Friday

market info/Stats & Numbers

San Francisco Real Estate Market Update | March 2018

thefrontsteps Leave a comment

As of the end of February, there were fewer total home, condo and loft sales in the first two months of 2018 than in any of the previous ten years (Think about that for a second…). And while it’s impossible to say exactly what is causing the low number of sales, it is possible that buyer fatigue following six straight years of rising prices, interest rates jumps, and stock market volatility may all be contributing, or we’ve reached a point where “trading up” doesn’t make sense and therefore inventory is at an all time low.

At the same time, the median sold price per square foot for a single family home broke the $1000 threshold for the first time in San Francisco. That is up almost 150% since it bottomed out at $408 in January, 2012. And, enough buyers are still buying that prices are still rising. February’s median home price crossed $1,700,000, another first.

Single Family Homes:
The three-month rolling average median sales price of $1,501,667 is up 17% over last year’s.

Year-to-date, new listings are down 7.4% while sales are down 9.7%.

February’s inventory of 1.4 months is 26% lower than in 2017.

80% of homes sold over their list price and the median percent of list price received was 113% in February.

Condo/Loft/TIC’s:
The three-month rolling average median sales price of $1,096,667 is up 3.13% over last year’s.

Year-to-date, new listings are down 14% while sales were up 9.2%.

February’s inventory of 1.9 months is 30% lower than in 2017.

59% of homes sold over their list price and the median percent of list price received was 103% in February.

There you have it…

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Alexander Clark/Inner Sunset/Testimonial

“I Received the Keys to my Forever Home”

thefrontsteps 1 Comment

What better way to start off 2018 than a great testimonial a client sent me on Yelp, which I had overlooked. Here’s to finding everyone’s “forever home”.

Happy New Year!

Alex is an outstanding agent. We worked together for 2.5 years in search of just the right home for me and my daughters. Over that time, Alex showed me dozens of homes and helped me put in several strong offers in a very competitive neighborhood and market. Alex provided the perfect balance in an agent — he was responsive to my needs and respectful of my decisions as a buyer and aggressive in representing me to the sellers agent, always adeptly managing to get my offers to rise to the top. This home buying journey was well played and well worth the wait. This week I received the keys to my forever home. I couldn’t be happier. Thank you Alex!

Congratulations to you as well, Erin. I hope the home turns out to be as amazing at it all appears will be.
p.s. Love the girls rocking theFrontSteps t-shirts!

Alexander Clark/Insider Information/market info/Maximum Overbid ™/Outer Sunset/theFrontSteps

$682,000 Over Asking in the Outer Sunset to End the Year

thefrontsteps 2 Comments

You thought I was going to let you finish out the year without one final Overbid stunner, didn’t you? I actually tried, but then it didn’t snow (Supreme Leader says it’s cold, so Global Warming is not a real thing), so I was left with a choice of skiing man-made ice, or sit down and share these jaw-dropping overbids with you. I chose the latter, if that tells you anything about the quality of skiing up around Tahoe these days. Pray for snow!

Anyhow…It’s important to note, many of these homes hit the market at what is traditionally the slowest time of year for San Francisco real estate, the Holidays, yet still had enough interest to drive the price to the moon. Case in point, the #1 Overbid at 1623 43rd Ave, listing for $998,000 (some would argue a bit low), but selling for a staggering $1,680,000! Forget about the overbid amount, and focus on the final sales price…that’s damn near $1.7M for a basic Outer Sunset home…the Sunset…the place nobody ever wanted to be, and now it’s the hottest neighborhood in the city. Maybe all these hipster surfers are on to something. ;-)

So you’re thinking this property is just a one-off…not so. Look at the #2 Overbid at 840 Kansas, a fixer in Potrero Hill selling for $1,629,000…or 49% above their list price.

Before any of you nay-sayers spending too much time “plugged in” to other sites get all bent out of shape about us Realtors constantly touting overbids, stop for a minute and look at the underlying price per square foot on both of those sales $1153/sqft in the Outer Sunset and $1398/sqft in Potrero Hill.

Since this is my last post of 2017, let me dig a little deeper into those numbers for you. My quick calculations and MLS sales search shows in all of 2016, there was exactly one sale in the Outer Sunset over $1.6M, the average sales price was $1,095,578, and the average price per square foot was $801. Fast forward to the same search for 2017, there are seven sales over $1.6M, average sales price is now $1,229,376, and the average price per square foot is now $902. That is just single family home sales for the Outer Sunset. If you want Potrero Hill numbers, you’ll have to contact me. I’m going surfing right now.

Here are the top 10 Overbids to finish out 2017…

332201-1
332489-2
332103-1
332139-1
332373-4
332111-1
332154-1
332128-1
332088-2

Address BR/BA/Units DOM List Price Sold Price Overbid
1623 43rd Avenue 3/2.00/N/A 13 $998,000 $1,680,000 68.34%
840 Kansas Street 2/1.00/N/A 22 $1,095,000 $1,629,000 48.77%
131 Peru Avenue 3/2.00/N/A 13 $749,000 $1,105,000 47.53%
253 Sussex Street 2/1.00/N/A 11 $899,000 $1,300,000 44.61%
355 Winding Way 3/1.00/N/A 47 $828,000 $1,063,000 28.38%
260 King Street 1/1.50/657 15 $720,000 $900,777 25.11%
108 Sagamore Street 110 2/1.25/N/A 40 $819,000 $1,005,000 22.71%
251 De Long Street 2/1.00/N/A 12 $699,000 $788,000 12.73%
150 Saturn Street 3/2.00/ 11 $1,499,000 $1,675,000 11.74%
5160 Diamond Heights Boulevard 1/1.00/307C 35 $650,000 $725,000 11.54%

As always, the rest of this great data (Overbids, Underbids, Recent Sales, New Listings, and more) can be found on The Goods.

I wish all of you a safe and Happy New Year! Here’s to 2018, tons of snow, and me helping ALL of you sell your SF properties so you can take the cash, retire, and live your dreams.

Ciao, au-revoir, adios, auf wiedersehen 2017! See you all next year.

Alexander Clark/Co-op/Condominium/market info/San Francisco/San Francisco Real Estate/Single Family/Stats & Numbers/Tenancy In Common (TIC)/theFrontSteps

San Francisco Real Estate December 2017 Market Report

thefrontsteps Leave a comment

…and just like that, another year gone.

As for the month to month market shifts, the November San Francisco real estate market moved along pretty much as expected, with continued low inventory and the majority of properties selling above list price. Condo prices hit an all-time high of $1,230,000.

The proposed tax changes are very likely to affect future buyer behavior as they lose purchasing power with the loss of full deductibility of state income taxes and property taxes. That loss of purchasing power will likely dampen sales price increases. Stay tuned…

Single Family Homes:
November’s median sales price eased off a bit from October’s all-time high of $1,588,000, down to $1,500,000. However, prices are still up 10.7% compared to last year.

While new listings typically fall off in November, this year’s were exceptionally low at just 112, 19% fewer than last November. The number of new listings on the market year-to-date is down 5% from 2016 while the number of sales is up 4.2%. Inventory remains very low at a 1.4 months supply, the lowest level since December 2016.

The incredibly tight supply coupled with strong demand kept the level of overbids high as well, staying at 115%, much higher than last November’s 107%. Eighty one percent (81%) of single family homes sold above the list price.

Condo/Loft/TIC’s:

As mentioned above, the median sold price hit an all-time high in November. On a three-month rolling average, the median sold price is up 7.7% compared to last year.

Inventory is down 23% from October and 19% compared to November, 2016. Like single family homes, the number of Condo/Loft/TIC listings are down year-to-date compared to 2016, by 5.6%, while sales are up 3.2%.

Fifty nine percent (59%) of condo/loft/TIC listings sold above list price, down from 67% in October and 64% last November. The median overbid was 102%, the same as last November.

There you have it…now visuals:

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Alexander Clark/Infographic/market info/Maximum Overbid ™/Stats & Numbers

Facebook Snags Downtown SF Office Space | New Inventory Is Still Tight | Prices Up 10.4% YOY | And Overbids

thefrontsteps Leave a comment

Just when you thought maybe things would cool, Fall hits, listings are gobbled up, Overbids continue, multiple offers are the norm, pickin’s are still slim (even though at last check 100 new properties hit MLS today), and Facebook goes and signs a whopper of an office deal right next to Salesforce, around the corner from LinkedIn, and gives its commuter employees reason to rejoice and plant roots firmly in San Francisco.

I suspect this will play a role in our very basic supply/demand conundrum of the last 15 years, and counting.

As for our current market, here goes…

Single Family Homes:
August’s median sales price continued its predictable seasonal backing off from its Spring peak, dropping 6.4% to $1,380,000 from May’s $1,475,000. However, in the same time frame last year prices dipped 7.4%. Prices are still up 10.4% above August, 2016.

Since August, 2012, the median sold price in San Francisco is up 81%.

Inventory continues to be at its lowest level, 1.6 months, since last December. This is the ongoing result of fewer homes coming on the market while sales stay fairly constant. The number of new listings on the market year-to-date is down 7% from 2016 while the number of sales is up 3.3%.

The incredibly tight supply coupled with strong demand kept the level of overbids high as well, down a bit from July but still at 114%, and 79% of single family homes sold above the list price, up from 75.9% last August.

Condo/Loft/TIC’s:
Median sold prices are up 10.8%, to $1,175,000, compared to August 2016. And, while not as great a rise as with single family homes, the median sold price is up 62.5% compared to August 2012’s $723,000.

In August, 63.4% sold above list price and the median bid was 3.2% above list price.

The number of Condo/Loft/TIC listings are also down year-to-date compared to 2016, by 10.7%. And, like single family homes, sales are up, by 2.6%. Current inventory stands at a 2 months supply.

To see and share this in infographic form, see below.
—–
Let’s talk Overbids – The Top 10
Address BR/BA/Units DOM List Price Sold Price Overbid
1632 Pacheco Street 5/4.00/N/A 15 $995,000 $1,550,000 55.78%
1932 Ortega Street 2/2.00/N/A 10 $998,000 $1,425,000 42.79%
146 Beulah Street 2/1.00/ 14 $949,000 $1,350,000 42.26%
52 Dawnview Way 4/3.00/N/A 12 $1,250,000 $1,750,000 40.00%
177 Forest View Drive 3/2.00/N/A 18 $1,149,000 $1,580,000 37.51%
136 Andover Street 2/1.00/N/A 10 $1,099,000 $1,502,053 36.67%
1738 25th Avenue 4/3.00/N/A 11 $1,398,800 $1,800,000 28.68%
2319 15th Street 2/2.00/A 10 $1,195,000 $1,525,000 27.62%
217 Lowell Street 2/2.00/N/A 2 $849,000 $1,080,000 27.21%
62 Santa Ysabel Avenue 2/1.00/N/A 39 $998,000 $1,240,000 24.25%

Madness. Sheer madness, and I’ve been saying this for better part of a decade. It’s insane. So if you want to sell, check out my track record, and let’s get ‘er done in high fashion.

That’s all I have for you today. Finally some great weather out West Side of San Francisco, so get out and enjoy! Fall is in the air, cycling is great and getting crisp, surf is turning fun (water is warm too), and that means snow is on the way.

-Let’s be friends on Facebook, Instagram, Twitter, and/or LinkedIn…I’ll keep you updated on all things San Francisco Real Estate
–Recent Sales [theFrontSteps]
–The First Newsletter We Could Find (With Overbids)
–Facebook Takes All of 432,000 Square Feet Commercial Space at 181 Fremont in San Francisco-The Registry
–Facebook is dropping $35 million to lease a beautiful, earthquake-resistant skyscraper in San Francisco – take a look inside– Business Insider

Alexander Clark/Glen Park/market info/San Francisco Real Estate/San Francisco View Property/theFrontSteps

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

thefrontsteps Leave a comment

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.