Monthly Archives: June 2013

Interest Rates Rise, Time to Update Your Loan Preapproval

There will be plenty of buyers attending open houses this weekend, despite a predicted lack of new inventory as we head into a holiday week. Some of you may have been recently preapproved for a loan. Others may have completed the process a month or two ago.

The big news this past week is that interest rates have increased significantly. If you’re about to write an offer, I recommend you contact your lender to revisit what your monthly payments will look like in conjunction with the latest interest rates. You may have been quoted 3.5% for a 30-year fixed loan a while back, but now you may be looking at upwards of 5% in today’s market. Continue Reading

Another Bubble Brewing for SF Real Estate?

The San Francisco real estate market continues to go gangbusters, and many people are wondering if we’re heading for another housing bubble. It wasn’t long ago that we experienced a housing boom in the city, only to see it break down from 2008-2011. And as buyers agree to pay crazy prices that comparative sales don’t support—waiving appraisal contingencies along the way—things start to feel, well, kind of creepy. Continue Reading

What You Can Buy: 1BR Houses

Small one-bedroom houses are sometimes good condo alternatives in San Francisco, particularly if they’re nicely remodeled and are in centrally located neighborhoods. Today we take a look at a trio of one-bedroom homes in popular areas of the city: Continue Reading

Condo Lottery Legislation Passes, High-End TICs Abound

The Board of Supervisors approved the controversial condo conversion lottery bypass this week, for better or for worse. Depending on whether you’re a homeowner or renter, you’ll be happy with the outcome.

Despite the shaky ground upon which some TICs stand, luxury TICs are out there and buyers are snapping them up. We take a look at a trio of high-end TICs that are worth considering.

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

Just Sold: 2BR Condo at BLU in Yerba Buena

Just Sold: 2BR Condo at BLU in Yerba Buena

My client just purchased a wonderful 2BR/2BA condo at BLU, the coveted luxury condo building at 631 Folsom at 2nd Street. Boasting city views, sleek finishes, and a 24-hour door person, #16E is one of only six residences its floor. Perks include air conditioning, washer/dryer, and one-car parking. BLU is located in the hot Yerba Buena/SoMa area, right near the Embarcadero, AT&T Park, a multitude of restaurants and cafes, and has excellent freeway access.

Special thanks to Cherolynn Vila at Wells Fargo for a fantastic job on our loan, as well as escrow officer extraordinaire, Nga Do Losacco at Fidelity National Title.

List price: $879,000.

21 Days & Counting: What’s Not Selling Quickly

Most of the homes that hit the San Francisco market are in contract within a week or two, with multiple offers and an ultimate selling price of well over the list. However, there are actually properties sitting on the market that have somehow slipped through the cracks. If you’re a buyer on a budget and sick of complaining about how there’s no inventory, you may want to consider one of these single-family houses that has been on the market for 21 days or longer: Continue Reading

Interest Rates Low, SF Prices High

It’s no secret that San Francisco prices are increasingly higher. The current edition of the MarketTracker delivers all the key stats you’ll need to know if you’re an intrepid buyer or seller seeking to gauge the value of your property.

We also feature a piece on Golden Gate Park sculptures, along with a snapshot of the most recent sales in the city.

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

Get in touch:

Eileen Bermingham

Zephyr Real Estate


BRE# 01352627

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