Monthly Archives: August 2013

Strong Appreciation Expected in SF Market

With a 12.7% appreciation expected in San Francisco property values, our city is poised for strong growth in the near future.

Indeed, with 18.8% and 8.6% increases over the past 180 days in, respectively single-family home and condo/TIC prices, it certainly seems as if there’s no stopping the real estate juggernaut here.

We also check out San Francisco’s three most popular neighborhoods, along with recent sales stats in this edition of the Zephyr MarketTracker.

Just Sold: Luxurious Marina Condo

Just Sold: Luxurious Marina Condo

1111 Bay #207 is a spacious 2BR/2BA with an open floor plan and lovely natural light throughout. My clients are going to love the roof deck with views of the Golden Gate Bridge and Alcatraz and multiple seating areas. Included are parking, storage closet and common greenbelt area. A real plus is that the building is one of the rare ones in the neighborhood that isn’t on liquefaction.

The location at Bay and Van Ness is in easy walking distance to Fort Mason, Polk Street, Chestnut Street and the Marina Green. List price: $1,015,000.

1BR Condos a Good Bet for First-Time Home Buyers

A one-bedroom condo is typically not the ideal home. Who doesn’t want an extra room for guests or an office? But as prices escalate in San Francisco, first-time home buyers are finding that they can work with a one-bedroom unit, as long as it has reasonable space, isn’t tenant occupied, has affordable HOA dues, parking, and is located in a good neighborhood that’s central to retail areas and public transportation.

I set out to find some properties that meet this criteria and which I think are well worth considering for buyers in the $500,000-$700,000 range:Continue Reading

The Blurred Lines Between Maintenance & Repairs

If Robin Thicke is a homeowner, the blurred lines he should be most concerned about are the ones between home maintenance and having to suddenly do unexpected repairs.

There’s a definite distinction between taking action to repair a component of your building and taking preventive measures to avoid having to make that repair. To be fair, sometimes it’s not so easy to figure out that, say, your roof should be replaced before the next rainy season. Let’s face it: Your job, family, recreational time and traveling all compete for your time, and the likelihood of using a spare moment to look for surface cracks and ponding on the rooftop is slim.Continue Reading

Live the Indoor-Outdoor Life in Noe Valley

My new 1BR/1BA condo listing in the heart of Noe Valley is perfect for those 62 and older who are looking for a convenient home that may also be near family.

3953 24th Street #6 features a large, south-facing patio with pano views, kitchen with stainless-steel appliances, custom furniture, and a common lounge/garden. An elevator services all levels of the building, and there’s a variety of public transportation and car-sharing pods within walking distance.

Best of all, the condo is situated directly across the street from Whole Foods!

List price is $449,000 and the sale will require a cash buyer at this time. Occupants must be 62 or older, but buyer need not meet any age requirements. Please contact Eileen at 415.823.4656 / for more details. Showings are by appointment only.

And visit our Web site here.

Linea Releases Pricing, Spotlight on Noe Valley

One of the hottest new condo developments is Linea, a 115-unit property at Market and Buchanan. The building is situated on the cusp of Mission Dolores, Hayes Valley, the Castro and Duboce Triangle. In the latest MarketTracker, we survey pricing on all the various units (hint: we’re talking $1,000+/sq ft).

We also focus on Noe Valley and the variety of housing available there, and give you a snapshot of some cool events and activities coming up this summer in San Francisco.

And this is probably not news, but sales prices are up over the past six months from 10-19%, depending on property type. Check out the details and recent sales, too!

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

What You Need To Know About Waiving Contingencies

It’s no secret that most buyers who are prevailing in extreme multiple-offer situations are submitting contracts that have no contingencies. That means there are no conditions, and that if a buyer changes his or her mind and backs out, there are no “safety nets” that guarantee the deposit money will be returned.

When you have an offer accepted by a seller, the first thing you do is submit your deposit to the title company. This is typically a sum of 3% of the purchase price, and the deposit is the good faith money that covers the seller for what’s known as “liquidated damages.” If the buyers change their mind about the purchase for a reason related to one of the contractual contingencies, the deposit can rightfully be returned.Continue Reading

We May Be Seeing “Back on Market” More Often

We May Be Seeing “Back on Market” More Often

One of the growing trends in our hot San Francisco market seems to be the “back on market” status. This happens when a buyer needs to cancel the contract, and the seller has to go back on the market in search of a new buyer.

I’ve started noticing recently that a handful of properties seem to come back on the market daily. The numbers are certainly not staggering; of the 285 houses currently listed, only seven came back on the market. And only six of the 247 available condos fell out of contract. The reasons behind the fallout are typically due to financing, though I have come across buyers backing out for personal reasons. And I’m sure there are instances where inspection results didn’t sit well with the buyers.Continue Reading

Plan for Your Sale During Dog Days of August

August is traditionally a slow time of year with respect to new inventory coming on the market. Statistically speaking, we don’t seem to have a problem with transactional volume right now. But I can tell you that I have about five sets of active buyer clients, and we aren’t finding much of anything to look at this week.Continue Reading

What You Can Buy: 21 Days & Counting

I found two single-family homes and one condo that have been sitting on the market for more than 21 days. As active San Francisco buyers know, decent properties that don’t garner multiple offers within one or two weeks of coming on the market are worth considering. If anything, there will be less competition, and you may actually be able to negotiate with the seller.Continue Reading

Get in touch:

Eileen Bermingham

Zephyr Real Estate


BRE# 01352627

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