Monthly Archives: January 2014

2014 Welcomes New Members to SF Overbidders Club

2013 was the year that aggressive overbidding for San Francisco properties returned in full force. It does appear that, based on January 2014’s numbers, buyers are calming down ever so slightly when it comes to throwing money at houses and condos.

But I did manage to find three homes that attracted buyers who were wiling to pay 25% or more over the last price. Say hello to the latest members of the SF Overbidders Club:Continue Reading

Where PG&E Gas Lines are in San Francisco

Where PG&E Gas Lines are in San Francisco

It’s been a few years since there’s been a high-profile PG&E gas line fire in The Bay Area. The San Bruno disaster happened in 2010, but a street went on fire in Oakland due to a gas line eruption in December 2013.

San Francisco has fortunately not been the site of a similar fire recently. However, the gas lines do run underground in the city, and it’s important to be aware of their locations as part of your due diligence when buying a home. You can easily consult the pipeline map (above) on PG&E’s Web site. Just click on the map, and zoom in on San Francisco until you can see the actual street names and gas lines. You can also type in a property address to see which lines are potentially nearby.

The upshot is that most of the lines run throughout the southeast portion of the city. This includes:
– in and around Potrero, Dogpatch, Bayview, and Visitacion Valley
– through Bernal Heights along Folsom
– along the thoroughfares of Alemany, Cesar Chavez, Bayshore Boulevard.

There don’t appear to be any gas lines running elsewhere in San Francisco.

Lots of Love for Bernal + Latest SF Sales

Is Bernal’s north slope the best neighborhood in the United States? According to Redfin, that’s apparently the case, and you can find out why in this edition of the Zephyr MarketTracker. We also take a look at some of Bernal’s current listings.

And San Francisco is the best place to…have a baby? Yes, as per the folks at What To Expect. No explanation from that group as to why most families seem to move out of San Francisco for the ‘burbs, but I’ll go with it.

Find out what citywide properties sold over the past 21 days, and get the most current sales stats.

It’s all here in the Zephyr MarketTracker!

Attend Our SF Home Buyer Workshop!

Yes, the San Francisco real estate market can be daunting to home buyers. But if you get organized, learn what you can do to make it all happen and put your strategy in place, I guarantee you can get what you want (or at least get what you need). It’s time you consult the experts on how to achieve your real estate goals.

I’ve been the blogger of Inside San Francisco Real Estate since I started the site in 2008, and a Realtor since 2002. I like to step out from behind WordPress every once in a while and talk live and in person to prospective buyers.

My colleague, Mike Koran of Primary Residential Mortgage, is a well-regarded lender with an excellent track record.

Together, we’ll be co-hosting a home-buyer workshop that will give you the foundation you need to approach your home purchase in a strategic and intelligent way.

We’ll be covering:
– what to expect in the current market
– how to secure financing before you start house hunting
– how to compete and get your offer accepted
– the purchase transaction timeline.

Where and when:
Saturday, February 8th
10:00 – Noon
1746 18th Street @Arkansas in Potrero
Office of Primary Residential Mortgage
Refreshments provided!

Please RSVP to Eileen at ebermingham@zephyrsf.com or call/text 415.823.4656.

We’re planning on leaving time between 10:00-noon for questions, so it won’t just be a talkfest. Join us, what else is going on in early February?!

20 Ways To Cut Your Water Use By 20%

We are in a serious drought situation in California. Not only was last year the driest calendar year in California since recording began in 1849, but the state’s population has nearly doubled since the 1970s. San Francisco is a dense city, and we all have to take responsibility for making sure we don’t use more than our fair share of water.

Gov. Jerry Brown recently called for people to reduce their water usage by twenty percent. I thought I’d share 20 of my favorite ways to save water; when enough individuals follow these sort of tips, it adds up to a lot of water saved:Continue Reading

Why Price-Per-Square-Foot Is a Shaky Data Point

People love to talk about the price-per-square foot when comparing San Francisco property values. There’s also a tendency to reference this type of information when making a decision about how much to pay for a home.

But I don’t recommend using price-per-square foot as a reliable data point, because it has its flaws.

The bottom line is that there’s no standardized square footage source. So square footage quoted in the MLS and marketing materials is typically based on either tax records or past seller appraisals.Continue Reading

5 Things To Know About Negotiating New Development Contracts

5 Things To Know About Negotiating New Development Contracts

San Francisco is experiencing a construction boom these days, with new developments going up in neighborhoods on a rolling basis—with many more to follow in the next five years.

There are two ways to handle contract negotiations if you’ve decided to buy a newly built—or not-quite-finished—condo. You can go directly to the sales office, or work with a local Realtor. Some buyers feel that they can handle things on their own, while others appreciate the guidance of a seasoned professional who’s negotiated contracts on other developments in the past.Continue Reading

Buyers Snap Up 1BR Condos in San Francisco

Buyers Snap Up 1BR Condos in San Francisco

San Francisco attracts many single professionals, couples and empty nesters who need the space a 1BR condo offers. They won’t necessarily need a second bedroom. And they would prefer to be in a more central location than their money would buy were they to pursue a 2BR condo.

That makes the 1BR condo market quite strong in San Francisco.Continue Reading

House/Condo Averages Break $1M in Q4 2013

House/Condo Averages Break $1M in Q4 2013

San Francisco real estate values experienced a big jump in 2013, as evidenced by the house and condo averages in the last quarter of that year.

Thinking of buying a house this year in the city? The average price of a single-family home was $1,348,493; and 25% of the houses reported sold in the Multiple Listing Service (MLS) changed hands for $1.5M or more. A little more than half of the houses sold for less than $1M.Continue Reading

2014 Sunday Streets Schedule is Set

I grew up in a tight-knit community in New York, where we had annual block parties that let us ride our bikes and play games in the street. That’s why I’m a huge fan of the Sunday Streets concept in San Francisco.

Sunday Streets coordinates events throughout the city where streets are closed to cars for several hours so neighbors and visitors can participate in a variety of physical activities such as biking, dancing and yoga. Non-profit and health groups also provide info and activities about their services.

The eight dates and locations for Sunday Streets 2014 have been set, with such neighborhoods as the Mission, Excelsior and Bayview among the lineup. Click here for the full schedule.

Just Sold: 231 Jules in Ingleside

Just Sold: 231 Jules in Ingleside

My listing at 231 Jules in Ingleside closed escrow just before the holidays. The property, sold through a short sale, garnered eight offers and was listed for $629,000.

Ingleside has proven to be a popular options for buyers looking to get into a neighborhood that provides access to a growing retail area and a Muni rail line. It’s also near the Balboa BART station and 280. For more on Ingleside, check out the Zephyr neighborhood profile here.

Ten SF Real Estate Predictions for 2014

Welcome to another exciting year in San Francisco real estate. If you’re reading this, there’s a good chance you’re interested in buying or selling property. So it’s important that you understand what to expect in 2014.

In 2013, we experienced the return of extreme multiple-offer situations, consistently low inventory and many homes recovering equity after the economic downturn. New construction began blanketing the city and many new developments are in the pipeline.

So what’s on tap for the new year?Continue Reading

Get in touch:

Eileen Bermingham

Zephyr Real Estate

415.823.4656

ebermingham@zephyrsf.com

BRE# 01352627

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