In May, a Michigan Facebook user declared, “The new Millennial dream is a housing market crash.” More than 2,600 people Liked or Loved that sentiment; when a larger page recycled the post, it got approval from over 327,000 users. Variations of this meme have floated around social media for years. Although usually presented as a … Continue reading Should We Pray For a Housing Crash?
Tag: San Francisco Real Estate
Maximum Overbid: San Francisco Continues To Shock Us
You know how if you do a job for long enough eventually you become accustomed or even jaded to its ups and downs, no matter how shocking? Well, this is not one of those jobs: You’d think after so many overbids every week we’d have seen it all–and hey, maybe we really have. But these … Continue reading Maximum Overbid: San Francisco Continues To Shock Us
The Truth About Zillow
How did SF news outlets get fooled by a bad Zillow “FullHouse” ad? The same way everyone else does, because Zillow does not work the same way most of us assume.
No, SF Home Prices Did Not Really Skyrocket 20 Percent
The headlines at some other outlets last week (ostensibly based on some Zillow numbers) had it that home prices in SF are up 20 percent just since January. We’ll admit, that does sound dramatic; problem is, it’s just not true, although the actual statistic is kind of within that ballpark. We’ll just look at the … Continue reading No, SF Home Prices Did Not Really Skyrocket 20 Percent
Just Listed | 690,692,692B Wisconsin | Potrero Hill | $1,995,000
I wish I had more time to go into detail about this property, but I guess you’ll just have to follow the link to the detail page, or better yet, come say Hi! this Saturday or Sunday from 12-2pm. This is a truly unique, one-of-a-kind property in San Francisco loaded with charm, history, and potential. … Continue reading Just Listed | 690,692,692B Wisconsin | Potrero Hill | $1,995,000
Maximum Overbid: A Recession Repeat Finally Wins Big
With the holiday weekend upon us–where did the time go?–not as many homes closed this week, as SF saw about 100 sales in all since last Friday. But that doesn’t mean anyone was slacking in the bidding department, as the number one taker, a two bed, two bath Inner Sunset house at 1443 16th Avenue, … Continue reading Maximum Overbid: A Recession Repeat Finally Wins Big
Maximum Overbid: Breaking a Tie
For the second week in a row our biggest overbid lies on the westernmost edge of Noe Valley, and for the first time in memory it’s not a house but a condo. At 15 Perego Terrace a three bed, two bath setup took just under two weeks to score $1.7 million, well over the initial … Continue reading Maximum Overbid: Breaking a Tie
Onetime Hills Bros Mansion Sells For Less
Hills Bros’ Coffee remains a prominent part of the San Francisco landscape thanks to their giant, inescapable waterfront sign right next to the Bay Bridge. But the coffee tycoons left their mark on the city in other places too, such as the seven bed, eight bath circa 1937 mansion at 3498 Jackson Street that just … Continue reading Onetime Hills Bros Mansion Sells For Less
Maximum Overbid: Peaks In Valleys
The time has come once again to follow the money with Maximum Overbid, our weekly column examining just how much SF buyers went above and beyond when paying for a home. And for the first time in literally months, the top overbid for the week did NOT happen in the Sunset; instead it’s a Noe … Continue reading Maximum Overbid: Peaks In Valleys
Before & After: Renovating This Bernal Heights Victorian
Conventional wisdom is that renovations increase the value of a home, but armchair preservationists fret that unregulated alterations to historical housing stock erode San Francisco’s architectural character. (Or at least, they did ten years ago–these days, anyone who worried about that kind of thing probably feels the damage has been done.) So when a Bernal … Continue reading Before & After: Renovating This Bernal Heights Victorian
Maximum Luxury: $6.8 Million Pac Heights Vic Returns After Just Nine Months
Welcome back to Maximum Luxury, the column where we gander at the most expensive homes for sale in San Francisco, simply because we can. The offering at 2411 Washington Street in Pac Heights just opened very hot, listing on Black Friday for $6.8 million. This is a classic SF Victorian circa 1900–note that since that’s … Continue reading Maximum Luxury: $6.8 Million Pac Heights Vic Returns After Just Nine Months
Maximum Overbid: Stuffed With Thanks
This being a short week with a holiday, you’d imagine it wouldn’t be as busy on the homes front. And you’d be right; whereas an average of 161 homes closed each week in 2021 thus far, for the past seven days it was just 91. With things a little bit quiet, maybe this is an … Continue reading Maximum Overbid: Stuffed With Thanks
Kinda knocked it outta the park on this one
Months of preparation paid off after two weeks on the market, 9 offers, and $905,000 over asking (and we’re STILL not the top Overbid…how insane is that!?)…764 24th Ave is sold, and sold for $2,900,000. Details of the property can be found by following this link. I had the pleasure of helping my clients spruce … Continue reading Kinda knocked it outta the park on this one
Maximum Overbid: Sunset Surprise
Overbids are entertaining, but skeptical housing watchers always have to wonder whether they’re the result of real market forces or just canny sellers pricing low (although arguably the latter IS a market force–just not necessarily one we account for a lot of the time). It’s always more fun to imagine that the top seller for … Continue reading Maximum Overbid: Sunset Surprise
What a “Detached” Home Really Means In San Francisco
“Don’t let the address fool you,” the new ad for 1168 Fell Street warns prospective buyers, assuring everyone that although this three bed, three bath home is technically qualified as a condo, it’s really “fully detached and sits in the rear of the lot.” Does the concept of a detached condo even make sense? Well, … Continue reading What a “Detached” Home Really Means In San Francisco
Just Sold: Richmond District; Noe Valley; Larkspur
So much great content coming out of theFrontSteps lately. It’s our continued effort to keep you and yours educated on all things San Francisco real estate, and beyond. But it’s closing deals for our wonderful clients that keeps food on the table and the stoke high. With that said, here are a couple recent closings … Continue reading Just Sold: Richmond District; Noe Valley; Larkspur