Family Home

Happy Clients Send Happy Note

My wonderful clients just sent this awesome testimonial, so obviously I have to share it with all of you:

When my wife and I moved to San Francisco from the East Coast with our newborn, we quickly realized that navigating the beast of a real estate market in SF required a unique kind of agent. Luckily we found Alex.

We spent 5 months looking for a home with Alex. In the process, he guided us thru 12 bids, all the typical multi-offer, SF auction-style, which can be anxiety provoking to say the least. “Are we bidding too much? Are we not bidding enough?!” Alex kept us grounded on this emotional roller coaster! We were able to tap into his unique market knowledge to navigate these conversations about how much to offer. Alex put us in touch with experts to discuss potential renovation projects on unloved properties. We picked his brain about every single micro-neighborhood in the city, talked single family vs condo and which side of the street to buy on in the Richmond if you like a sunny back yard. He is a wealth of knowledge to say the least.

When we found a property that we loved, but were unsure about a few things that came up in the inspection, Alex’s connections came to the rescue. Alex had the personal cell phone number of the inspector who had done the report and was able to put us in touch. This conversation gave my wife and I the reassurance that we needed to bid aggressively and got us our home. Without Alex this would not have happened. We highly recommend working with Alex to find your home in this amazing city!

Dan, Hanni, Hazel and Brizzy

If you’re kicking the tires with a few agents and just don’t know who to pick, have a look at some more testimonials that might help you come to your senses.

1011 23rd Street | Modern Loft In Dogpatch

1011 23rd Street #10 | Dogpatch Loft | $699,000

Dogpatch, San Francisco: according to Wikipedia “is located on the eastern side of the city, adjacent to the waterfront of the San Francisco Bay, and to the East of Potrero Hill. Its boundaries are Mariposa Street to the North, I-280 to the West, Cesar Chavez to the South, and the waterfront to the East. It contains housing, some remaining heavy industry, more recent light industry, and a new but growing arts district. In 2002 it became an officially designated historic district of the city of San Francisco….[and] there is no definitive explanation for the name

One thing we know for certain, Dogpatch has some amazing properties, and 1011 23rd Street #10 is right up there…

Situated on the corner of 23rd Street and Minnesota, this corner unit residence features soaring (approximately) 17′ ceilings, enormous windows that flood the home with natural light, an open kitchen/living area with bar seating, granite countertops, stainless appliances, fireplace, refinished hardwood floors, in unit Washer & Dyer, new carpet in the loft bedroom, and parking.

Just a short walk away from the increasingly vibrant Dogpatch shops and restaurants, and half a block away from Philz Coffee (yes, that’s a selling feature, since Philz was voted the best coffee house in San Francisco, and this is their Mothership location), living at 1011 23rd Street will afford you all of the new things San Francisco is offering up, as well as some of the old that seems to have been lost (especially some grit and character).

Come check out this wonderful loft, introduce yourself, feel the vibe, cruise the neighborhood, bring me a coffee, and I’ll hand you the keys – coffee and a few hundred thousand dollars.

Listing Details:
$699,000
1 bedroom
1.5 bathrooms
1 parking space
Corner Unit Loft
Soaring (Approx. 17′) Ceilings & Windows
Custom Window Coverings
Open Kitchen w/bar counter
Granite Countertops
Dishwasher
Hardwood Floors
New Carpet in Bedroom/loft
Fireplace
Washer & Dryer
Storage
Fitness Area
View Roof Deck
HOA Dues: $512.94/mo (Includes Water, Garbage, Webpass Internet, Building maintenance, gym, roof deck, building insurance, outside management)
A+ Dogpatch Location

Showing Schedule:
Private Showings Upon Request
Open House Sundays 2-4pm

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

Underbid

Would You Believe, $500,000 UNDER List? | Top 10 Underbids San Francisco

I’m not sure it’s necessary to highlight any one of these transactions in particular, as in my (humble) opinion they’re all great deals. I leave it up to you to decide.

Top 10 Underbids in San Francisco

Address BR BA Parking List Price Sold Price Underbid
431 Capp Street 433 N/A N/A 2 $2,450,000 $2,200,000 -10.20 %
3614 Webster 2 2.50 1 $1,868,000 $1,700,000 -8.99 %
2170 Jackson Street 3 4.50 1 $5,700,000 $5,200,000 -8.77 %
3624 Scott Street 3 2.50 1 $2,895,000 $2,700,000 -6.74 %
1379 De Haro Street 2 1.50 2 $1,175,000 $1,100,000 -6.38 %
193 Dartmouth St 4 2.00 2 $1,199,000 $1,125,000 -6.17 %
282 Eureka Street 3 2.50 1 $3,195,000 $3,000,000 -6.10 %
35 La Grande 4 3.50 1 $1,795,000 $1,700,000 -5.29 %
10 Stanford Heights 3 2.00 1 $1,050,000 $1,000,000 -4.76 %
801 Indiana Street 2 2.50 1 $1,190,000 $1,135,000 -4.62 %

Data provided by The Goods [Agents Share Market Data Directly To Your Sphere]

District 5

May 2016 Central San Francisco Market Conditions

District 5

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%.

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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. hey dropped 2.3% from March to April, landing at $1,245,000, which is the lowest median sales price since April 2015. They are down 0.4% year-to-date and 9.6% since their peak at $1,377,000 September 2015.

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While Single Family Homes Days on Market inched up to 17 in April, they are still at historically low numbers.

Days on Market for Resale Condo/Lofts dropped from 19 to 16.

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Single Family Homes Months Supply of Inventory dropped slightly to 2.4 from March’s 2.5 and up from April, 2015’s 1.7.

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This April there were the same number of single family home listings as in April, 2015. Over all, there have been 136 new listings in District 5 this year, one fewer than last year.

There have been 43 fewer condo/loft listings brought on the market year-to-date in 2016 than 2015. This is a 26% drop. And this is the first time in four years that the number of new condo/loft listings was lower in April than March.

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IMG_1868

May 2016 Market Report | San Francisco

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!).

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Resale Condo/Loft Median Prices

Resale condo-loft median prices reversed their first quarter downward trend and went up 2.2% to end at a tie with the previous high median price of $1,125,000, back in June 2015. They are up 1.5% year-to-date.

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Both the single family homes and resale condo-loft days on market inched up in April, moving from 16 to 21 days for homes and 21 to 27 days for condos.

This compares to April, 2015’s 14 days and 18 days. So, up a bit from March and up a bit from April, 2015, but still incredibly low days on market.

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Single family homes months supply of inventory is up slightly to 2.3 from March’s 2.2 and a little above April, 2015’s 1.8.

Likewise, for resale condo/lofts, months supply inched up to 2.6 and over last years’ 1.7. It is the fourth consecutive months of rising inventory, something to be watched, but still a strong seller’s market.

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In April 2016, there were 15 more single family homes listed for sale than a year ago, and this was the first month this year to exceed the number of listings in 2015. We are still down slightly, 1.5%, in the number of new listings homes year-to-date over 2015.

Resale condo-lofts also saw fewer new listings in April 2016 than in 2015, however, overall there have been more new condo/loft listings in 2016 than in 2015, a rise of 6.7%. This helps explain the longer Days on Market and higher months of inventory.

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The best way to get answers to any questions you have about our market or timing a successful sale…contact me.

3610 Washington | William Wurster

William Wurster Mid-Century Masterpiece Sells for $11,300,000 | Pacific Heights

It’s not everyday a home sells for $3,800,000 above asking…actually in San Francisco we hardly bat an eye at this anymore, especially when paired with buzzwords #PacificHeights and #MidCentury. It also helps to be an extremely rare property in a one of a kind location:

William Wurster Masterpiece with timeless mid-century contemporary design. The unique home with wonderful public rooms boasts sweeping Bay & Golden Gate Views and a Sheltered South facing Tommy Church Garden. 4 Bedrooms + library. 4 Baths. 2 Half Baths. 4 Fireplaces.Garage.Carport.Entry reveals a beautiful private garden & covered breezeway leading to the front door. The Reception Foyer looks to the Bay & features Wurster signature staircase. Elevator, Coat Closet, Powder Room. Grand LR is well-integrated with garden. Large formal DR looks out to GG Bridge. Kitchen flows to breakfast room. Guest suite & family room. Upstairs Central Hall opens to South Deck. Master suite & Library have Expansive Bay Views. 2 more beds with en-suite baths

Listed at $7,500,000
Sold for $11,300,000
$2,000 per square foot

millennium

Bargain Hunting At Millennium Tower

This week it’s residence 31E at Millennium Tower claiming the top spot on the weekly Underbid list, selling just shy of $300,000 UNDER asking price, and narrowly beating out unit 49B, also at Millennium Tower, which just closed $995,000 under asking, but still $2413.27 per square foot…
millennimtower
In fact, four of the top 10 underbids came this week by way of this ultra chic luxury tower, and that has me wondering, is it true what they’re saying?

As for the rest of the list:

Top 10 Underbids, San Francisco

Address BR BA Parking List Price Sold Price Underbid
301 Mission Street #31E 2 2.00 1 $2,595,000 $2,300,000 -11.37 %
301 Mission Street #49B 3 3.50 2 $8,995,000 $8,000,000 -11.06 %
301 Mission Street #704 2 2.00 1 $2,295,000 $2,100,000 -8.50 %
1587 15th Street 2 1.00 1 $447,706 $410,000 -8.42 %
355 1st Street 2 2.00 1 $1,825,000 $1,675,000 -8.22 %
3479-3483 Mission Street N/A N/A 0 $1,600,000 $1,480,000 -7.50 %
246 Stonecrest Drive 5 4.00 2 $1,985,000 $1,850,000 -6.80 %
301 Mission Street #38B 2 2.00 1 $2,895,000 $2,700,000 -6.74 %
483 Marietta Drive 4 3.00 2 $1,599,000 $1,500,000 -6.19 %
50 Bradford Street 2 1.00 1 $1,295,000 $1,220,000 -5.79 %

Over, Under, it doesn’t really matter. All of these homes on this list are selling for market price, and these buyers can/should be thrilled with their purchase.

As always, when it’s time to buy/sell, I’m here to help.

San Francisco Real Estate Market Splitting In Two [theFrontSteps]

UniversitySTfront

Portola Mid Century Fixer Crowned Maximum Overbid Of The Week

Well this isn’t a location we see too many insane overbids (Portola)…alas 172 University Street did have the keywords “fixer” and “mid-century”, which right there is enough to drum up a frenzy, which it did: list price $799,000 to a sales price of $1,195,000 (that’s $396,000 in case you didn’t do the math).
Personally, I think it was the Saloon Doors that did it…

San Francisco’s Top 10 Overbids to take you into your weekend:

Address BR/BA/Units DOM List Price Sold Price Overbid
172 University Street 2/2.00/N/A 35 $799,000 $1,195,000 49.56%
1746 38th Avenue 3/2.00/N/A 10 $899,000 $1,325,000 47.39%
535 40th Avenue 3/1.00/N/A 43 $995,000 $1,465,000 47.24%
441 Waller Street 3/1.50/ 52 $1,095,000 $1,500,000 36.99%
257 Justin Drive 2/1.00/N/A 15 $779,000 $1,030,000 32.22%
1735 35th Avenue 3/2.00/N/A 28 $995,000 $1,315,000 32.16%
590 Vienna Street 4/4.00/N/A 15 $1,095,000 $1,438,000 31.32%
101 Appleton Avenue 3/1.50/N/A 1 $1,295,000 $1,675,000 29.34%
1458 46th Avenue 3/2.00/N/A 39 $789,000 $1,020,000 29.28%
3774 23rd Street 3/2.50/N/A 14 $1,950,000 $2,515,000 28.97%

It’s going to be a great weather weekend around the Bay Area, so get out and enjoy.

New Listings, Recent Sales & More [the Goods]

3876Clay

Top 10 Underbids | A Medley Of Sorts

When I peruse these top 10 Overbid and Underbid lists that we crank out at The Goods for all of our clients (myself included), I often sit and wonder what is more of a story:


A) The ultra modern residence at 748 Treat that clinched this week’s top Underbid spot by selling for nearly 7% below asking (not much of a story here),
B) The big ticket sale at 3876 Clay, which, although sold for under asking, still sold for $1300+ per square foot (I vividly remember the days we started seeing $1000/square foot on the radar, which now seems like a distant memory),
C) What you get for under $700,000 in San Francisco in the single family home category, or
D) How when we live in small spaces that are insanely expensive some of us are forced to store our “wine cellar” next to our shoes.

Regardless, it’s all good information, provides you some insight into the market, your neighborhood, San Francisco, and what you have to do to get your foot in our Real Estate door, or that now might be a great time for you to get out. Food for thought, on a weekly basis…

Top 10 Underbids San Francisco

Address BR BA Parking List Price Sold Price Underbid
748 Treat Avenue 4 3.50 1 $2,199,000 $2,050,000 -6.78 %
326 Noriega Street 4 3.00 1 $1,475,000 $1,400,000 -5.08 %
3876 Clay Street 4 2.50 2 $4,175,000 $4,035,000 -3.35 %
2107 16th Avenue 2 2.00 1 $930,000 $900,000 -3.23 %
3305 Broderick Street 3 3.50 1 $3,150,000 $3,050,000 -3.17 %
68 McCoppin Street 1 1.00 1 $749,000 $728,000 -2.80 %
1750 Taylor Street 2 2.00 1 $2,695,000 $2,627,625 -2.50 %
8 Buchanan Street 2 2.00 1 $1,155,000 $1,130,000 -2.16 %
718 Joost Avenue 1 1.00 0 $695,000 $680,000 -2.16 %
355 Grove Street 5+ unit 5+ unit 1 $5,988,000 $5,860,000 -2.14 %

Have a great day!