Here Are My SF Real Estate Predictions for 2018

Here Are My SF Real Estate Predictions for 2018

I recently hauled out my crystal ball to take a shot at predicting what will be happening in the San Francisco real estate market in 2018.

One thing’s for sure: I’m ready to help lots of new buyer and seller clients, so don’t hesitate to get in touch if you’d like to work together this year. In the meantime, here’s what I think you can expect over the next 12 months: Continue Reading

Mission’s 1188 Valencia Half Sold Out

Mission’s 1188 Valencia Half Sold Out

Home buyers have given the Mission’s 1188 Valencia condo development a warm welcome, snapping up half of its 49 units since the project came online in December.

I stopped in to see the remaining inventory on broker tour this week, and wasn’t surprised to hear about the rapid-fire sales progress. As far as location goes, it’s a slam dunk on the corner of 23rd and Valencia—near BART and everything else along the Mission’s most popular retail corridor. Continue Reading

SF Condo Market Mixed in 2017

The San Francisco condo market was not quite as jubilant as its single-family home counterpart in 2017. Yes, there were the random instances of 25%+ overbids, and an eight percent, year-over-year increase in the average condo price. But we basically saw a repeat of 2016, with prices flatlining.

The average citywide price of a condo in the fourth quarter of 2017 was approximately $1.3M—up from $1,210,000 in Q4 2016. We also saw the average price-per-square foot end up at $1,052, which was a four percent increase year over year. Continue Reading

Just Sold: 131 Hancock

Just Sold: 131 Hancock

My two-bedroom condo listing at 131 Hancock in Eureka Valley just closed this week, a nice way to start off the new year.

We came on the market in early December listed for $1,195,000. The holiday season didn’t slow us down, as hundreds of buyers came through. We ended up with five offers after our two-week marketing campaign, and the transaction sailed through the holiday obstacles without a hitch.

I’m happy to say that we closed escrow for $1,450,000. Much thanks to Marco Carvajal at Vanguard Properties, Tony Alencar with Citibank, Paula Siegel at Fidelity National Title and Jeffrey Senkir of Senkir Design for all their efforts. And congratulations to the buyer and my seller clients!

Untitled

Untitled

Eileen’s Sold Properties
131 Hancock
Eureka Valley
Victorian Condo
Sold: $1,450,000
Represented Sellers

SF House Market Soars (Again) in 2017

A strong local economy coupled with high buyer demand fueled the San Francisco single-family home market in 2017 amidst a backdrop of concerns about things like the new presidential administration, North Korea and a possible real estate bubble.

2017 was basically a continuation of the 2016 market—high prices, multiple offers, extreme overbids, discouraged buyers and happy sellers.

The good news for homeowners is that the average price of a house in the fourth quarter of 2017 was almost $1.9M. The bad news—if you can call it that—is that the average price rose less than 2.5% over Q4 2016. Given that we’ve seen double-digit growth over the past few years, this minimal increase is worth noting as we head into 2018. Continue Reading

Happy Holidays! See You in 2018

Happy Holidays! See You in 2018

It’s that time of year, when San Francisco real estate shuts down as much as it ever will. My 131 Hancock listing is firmly in contract and I’m teeing up to work with lovely buyers and sellers in 2018.

Thank you for making Inside San Francisco Real Estate one of your regularly read blogs. I wish you a wonderful holiday season and a very happy, prosperous 2018. See you in early January!

5 Ways to Avoid Holiday Home-Buying Closing Delays

The race is on: You just got into contract in December, and are aiming to close by the end of the year. On top of the usual tight deadlines spurred by the competitive San Francisco real estate contract, you now have to dodge multiple bank holidays and everyone’s vacations to wrap up your escrow.

Ho, ho, ho. If you’re not prepared to jump on the fast track to completing your purchase, drama can ensue.

Here are five ways to avoid major closing delays between now and the end of 2017: Continue Reading

Limited Inventory in Holiday Home Stretch

We’re truly coming to the end of the line for 2017 real estate offerings. A look at what’s out there reveals very little inventory in well-established, popular neighborhoods in the more central parts of the city. But there are houses and condos available; you just need to know where to look for them. Continue Reading

Last Weekend Before Offers: 131 Hancock

Last Weekend Before Offers: 131 Hancock

That adorable kitchen belongs to my two-bedroom condo listing at 131 Hancock in Eureka Valley. We’ve had a busy week of showings and have strong interest in the property. Seems there are still many buyers looking to land their next home before the end of 2017.

131 Hancock is a San Francisco dweller’s dream that checks many of the boxes—Victorian detail, modern kitchen and bath, additional half bath, private outdoor space and an amazing location only one and a half blocks from Dolores Park and equidistant to the Mission and Castro.

List price is $1,149,000 and you can see more photos and details at our property Web site.

Stop in and see us Saturday and Sunday from 2:00-4:00!

Tooting My Own Testimonial

I recently listed and sold a beautiful contemporary condo in Pacific Heights. My client took the time to write up a testimonial for me that I’d like to share (click on image to make it larger):

Thanks, Cara! It was a pleasure working with you.

Just Listed: 131 Hancock

Just Listed: 131 Hancock

My gift to holiday home buyers is over at 131 Hancock. This extremely well-appointed condo is all about San Francisco and ticks all the boxes for the most demanding city buyer: Victorian period detail, extra half bath, private outdoor space, charming front and rear gardens, on-site laundry, and an amazing location near the Mission, Castro and Dolores Park.

131 Hancock is no cookie-cutter home. It’s in a neighborhood where very little new housing is constructed, and this is the type of property you buy when an A+ location and classic San Francisco architecture are your top priorities.

Check out our Web site for photos and details.

Stop in and see this beautiful home this weekend. We’ll be open on Saturday and Sunday from 2:00-4:00!

Happy Thanksgiving!

Happy Thanksgiving!

Best wishes to all my readers for a wonderful Thanksgiving!

It’s been a challenging year on a lot of fronts, but I’m grateful for our strong Bay Area economy and another solid year in real estate sales. I’ve helped many lovely people buy and sell homes this year, and thank them all for their business and faith in my services.

I also want to thank all of you who regularly read my blog. Sometimes it feels like I’m writing these posts in a black hole, but then I get an open house visitor who says he’s a long-time reader and has dropped in specifically to meet me. Or a call from someone relocating from New York who’d like to meet to discuss a home purchase because he likes what I have to say here. I love those moments and I look forward to more of them in the new year.

In the meantime, I’ll be back next week to keep you informed about how the holiday real estate market is shaping up!

Get in touch:

Eileen Bermingham

Zephyr Real Estate

415.823.4656

ebermingham@zephyrsf.com

BRE# 01352627

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