Yearly Archives: 2013

Houzz: The Go-To Site for All Things Remodeling

Houzz: The Go-To Site for All Things Remodeling

This is the time of year when many homeowners start plotting their long-awaited remodeling jobs. One site that will help immensely—and which will easily find you looking at the clock and muttering, “I was on this site for two hours?!”—is Houzz.

Houzz is an online platform for home remodeling and design, and it is well worth your time. You can search through photobooks of various room designs for everything from a kitchen or bath renovation to a home office revamp and beyond. If you want to go to the next level, the site connects you with the professionals who can potentially help you, facilitating your questions about their work. The service providers range from interior designers, landscapers, and contractors to architects. And all the less sexy service providers are included, too, like electricians, heating and solar energy contractors. Continue Reading

Modest Price Increases in SF, Spotlight on Potrero Hill

The new Zephyr MarketTracker is out, and the biggest news is that prices in the single-family home and condo markets are only up 2.8% and 3.8%, respectively, over the past six months.

We also take a look at some properties in Potrero Hill (average price, roughly $950,000 for a home), as well as note that the move-in date is coming up for Nob Hill’s Marlow development.

Plus, details on the Fairmont’s giant gingerbread house! It’s all here in the latest edition of the Zephyr MarketTracker.

Buyers Land Holiday Deals in Luxury Market

The rule of thumb in San Francisco real estate is that if you’re sitting on the market for a very long period of time—and the holidays are approaching—-it’s highly likely you’ll eventually sell for significantly less than your original list price. Though most sales in our city are closing for above list price, I did find some recent sales that wrapped up after Thanksgiving. Continue Reading

Just Sold: 2BR House in Crocker Amazon

Just Sold: 2BR House in Crocker Amazon

My clients just purchased 181 Lowell, a house that was in the same family for years. They’re ready to remodel, and are excited about their new project. Apparently, 18 other buyers were also excited about the prospect, but we managed to secure the home and close before the end of the year.

Just a couple blocks off Mission Street and featuring downtown views from the kitchen, 181 Lowell has plenty of room for expansion downstairs and lots of cool 1920s period detail. Special shout out to our lending team of Ryan Dang and Miky Cuo at Wells Fargo, as well as Chris Matthews at Old Republic Title. And thanks also to listing agent Kilby Stenkamp, who was a pleasure to work with. List price: $499,000.

SF Overbidders Head Into the Holidays

The two weeks leading up to Thanksgiving saw a flurry of buying activity in San Francisco. However, the level of overbidding wasn’t as rabid as it was a few months ago. I did manage to find three new SF Overbidders Club members (criteria: paying 25%+ over the list price) who turned up in the Castro, Marina, and Presidio Heights. Continue Reading

What You Can Buy—Before the End of the Year

There’s still time to get into contract and complete a home purchase before the end of the year. There are about 14 business days left before Christmas, so buyers with cash or very large down payments will be in strong demand to achieve the year-end selling goal.

If you’re one such buyer, you may want to consider one of the newer listings that have recently come on the market. Here’s a look at three homes that I love, and which I believe have list prices that leave room for the requisite overbidding: Continue Reading

Just Sold: Noe Valley Victorian Condo

Just Sold: Noe Valley Victorian Condo

My clients just purchased this quintessential, top-floor Noe Valley 2BR condo in a prime neighborhood location. Featuring wonderful period detail throughout, a formal dining room and that private deck with panoramic, south-facing views, 21 Clipper also has parking and a lovely garden. We managed to get past five other buyers who submitted offers, and my clients are thrilled with their new home. And a shout out to the fabulous Patrick Skovran at Wells Fargo for efficiently getting our loan through at the holidays, as well as Charles Richards’ team at Chicago Title. List price: $899,000.

[Please note that we’re taking a Thanksgiving break at Inside San Francisco Real Estate. Have a restful and fun Thanksgiving, and check back in on Monday for more market insights & shenanigans.]

Source Your Funds & Avoid Closing Delays

One of the easiest ways to derail or delay a home purchase is to start pulling in money from undisclosed sources during the escrow process. It is critical these days to document all the sources for your funds with your lender.

Buyers in San Francisco often make home purchases with funds that may be coming from different sources. For example, there may be money coming from a 401K, or a family member who’s helping with the deposit. This is all fine, but the most important thing to recognize is that you need to disclose all fund sources to your lender. Continue Reading

Diverse Inventory Abounds in San Francisco

San Francisco has some of the most varied housing stock available in the world, from Victorians and urban lofts to Spanish-Mediterranean houses and high-rise condos. In this edition of the Zephyr MarketTracker, we look at some of the currently available offerings.

Interested in kicking off your holiday season a little early? The Treasure Island Holiday Show happens tomorrow and Sunday, and features snow-making activities, shopping, music and food.

We also look at the most recent sales citywide, as well as price averages and other data. It’s all here in the Zephyr MarketTracker!

True To Seasonal Form, Luxury Market Lags

True To Seasonal Form, Luxury Market Lags

The market for single-family homes and condos in the $2M+ range is already showing signs of annual holiday lag, and it’s not even Thanksgiving yet. A total of 53 houses and 32 condos awaits buyers in this segment of the market.

The houses have been on the market for 74 days or longer, and the condos for 92 days. There may be a few buyers out there who will swoop in between now and the end of 2013 with successful offers, but my bet is that a majority of luxury homes currently available will be greeting the new year in the MLS. Continue Reading

SF Overbidders Club: 2-Unit Building Edition

San Francisco’s two-unit building market has been quite busy in 2013. No surprises there, such properties—particularly when they’re completely vacant—are excellent options for buyer partners or those who want to owner occupy one unit and rent out the other.

A total of 303 two-unit buildings have sold citywide, year-to-date. And 29% of them were sold in all-cash transactions. Of the 112 such buildings sold from July-November 12, 2013, 66% were sold for more than the list price, which mirrors the selling pattern for single-family homes and condos in San Francisco. Continue Reading

What You Can Buy in November: 21 Days & Counting

We’re approaching the holidays and I’m starting to see the “days on market” count tick upward for quite a few homes out there right now. This regular feature takes a look at three properties that are way cool but which have been sitting on the market for 21 days or more. What that means for buyers is…no offer date, and less competition. So consider these homes if you’re ready to buy: Continue Reading

Hot New Marina Listings, Hot Sales, Fun SF Sights

The latest Zephyr MarketTracker rounds up the most recent sales, which is always fun. But this edition spotlights a trio of new Marina listings, along with a quick market update. (Prices are still going up—surprise!)

And if you’ve got family or friends visiting this weekend, check out our list of lesser-known tourist attractions (golden fire hydrant at 20th & Church, anyone?) that will steer you away from yet another visit to Fisherman’s Wharf.

It’s all here in this edition of the Zephyr MarketTracker!

Where to Spend Your $3.6M: Clay or Capp?

Let’s say you have roughly $3.6M to spend on a single-family house. Would you spend it on a home in Pacific Heights—or the Mission?

You can’t find two more different neighborhoods, quite honestly. Pacific Heights is synonymous with mansions, Bay views, well-manicured streets, and its popular Fillmore retail strip. At the other end of the spectrum is the Mission, with its edgy feel, hip restaurants and penchant for street activity. Continue Reading

Get in touch:

Eileen Bermingham

Zephyr Real Estate

415.823.4656

ebermingham@zephyrsf.com

BRE# 01352627

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