Monthly Archives: April 2010

Attack of the $1M+ Condos

Is it just me, or are there an awful lot of luxury condos on the market right now?

There are currently 143 condos available in the $1M+ price range, according to the San Francisco Association of Realtors (SFAR) MLS. And of these, 66 are in the $1M-$1.3M range. A total of 27 condos are priced from $2M-$7,350,000.Continue Reading

SFGate: Foreclosure Activity Down in First Quarter

I spoke with the San Francisco Chronicle’s Robert Selna yesterday about the foreclosure activity I’ve been seeing in the San Francisco market. The upshot of the story: Fewer homeowners in the Bay Area and California are headed down the path toward official foreclosure in the first three months of 2010 compared with the prior quarter and with a year ago.Continue Reading

HOA Delinquencies on the Rise

One of the trends in condo living that I’m seeing is the rise in delinquent homeowners association (HOA) dues. This has become more of an issue over the past three years, as foreclosures and short sales result in HOA members stop paying dues.Continue Reading

Hayes Valley House on Grove Gets Picked Up By Cash Buyer

Hayes Valley House on Grove Gets Picked Up By Cash Buyer

I toured 554 Grove in Hayes Valley shortly after it came on the market in mid March. The 3BR/2BA, tunnel-entry house had an original kitchen/bath, master suite on the garage level and about 1684 square feet. The termite report was around $7500, and the windows and roof needed some attention. List price was $799,000, which was comparable with condo prices in the area.Continue Reading

Buyer Target: Mission Bay Much More Affordable

The always-developing Mission Bay neighborhood has had its share of suffering in the housing recession over the past two or three years. It’s been said that a good chunk of homeowners in the area have been keeping the Assessor’s office busy, applying for reductions in property taxes due to fallen property values. Continue Reading

Mission Dolores Mega Home Returns to Market

Mission Dolores Mega Home Returns to Market

The last time I tried to get in to see 48 Linda on broker tour in July 2008, the home had already been sold (for $2,205,000) before there was time to cancel the tour. There was nothing to do except walk back up the narrow street to my car and move to the next property.Continue Reading

Casa Cielo Construction Continues, Sunbelt Still Luxury Magnet

Casa Cielo Construction Continues, Sunbelt Still Luxury Magnet

I was on my morning run this week and passed 3690 21st at the top of Liberty, still very much under construction. Remember this home on the Noe/Eureka border? It was the “Casa Cielo” residence of former mayor “Sunny” Jim Rolph, and sold quickly in August 2008. The property was listed at $3,745,000, and traded hands in a “confidential,” all-cash sale for $4.3M.Continue Reading

Get in touch:

Eileen Bermingham

Zephyr Real Estate


BRE# 01352627

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