Monthly Archives: August 2014

Story Behind Prop G, Noe Luxury, Latest Prices

The contentious Prop G will be on our November ballot this year. The proposition calls for a higher transfer tax on people who sell certain residential real estate within five years of purchase. The tax would increase to 24% in those first five years, and then would drop to 14% after five years.

As always, there are multiple sides to the issue, and this edition of the Zephyr Market Tracker looks at some of the different angles.

We also check out some luxurious Noe Valley properties, as well as feature the most recent citywide sales and averages.

It’s all here in the Zephyr Market Tracker.

I’m a Realtor First, Blogger Second

I’ve received a handful of calls over the past year from home buyers and sellers looking for my opinion on their individual real estate situations. The buyers are either in contract on a property and a transaction issue has come up, or are negotiating a purchase agreement and seeking assurance about where the market is going. The sellers have accepted an offer but are looking for my input on whether or not they should grant a requested buyer credit or risk falling out of contract.

I’m always happy to hear from my extensive blog base, but I thought it might be a good time to remind everyone that I’m able to stay in business and write my blog because I’m selling real estate. And I do reserve a good portion of my strategies, market insights and advice for clients—meaning there’s way more you need to know beyond my blog post content when you’re transitioning from reader to being a home buyer or seller.

If you’ve already engaged the services of a Realtor you trust, it’s probably best for you to follow his or her advice. Because if you committed to working with your Realtor, it should mean that you value his or her counsel and have worked through many details together. You now have a track record with your agent, a professional who will also get paid a fee when your transaction closes. We work in a service-based industry, and our time, market knowledge, and negotiating expertise are a few of the services we offer that make us valuable.

If you’ve been reading my blog for a long time and are now planning to buy or sell a property, please remember that I am an experienced, knowledgeable, highly organized and down-to-earth agent who will work in your best interest (even if it means advising you to pass on a particular home or reject a certain offer). Many of my readers have become clients, and have gone on to refer their friends, co-workers, neighbors and family to me.

And every time that happens, it allows me to keep writing this blog and sharing my insights with you on a consistent basis.

Need further proof? Check out my Yelp reviews and video here.

Looking forward to working with more of you in 2014!

2BR Condo Market Explodes in Noe Valley

2BR Condo Market Explodes in Noe Valley

Buyers competing for two-bedroom condos in Noe Valley are apparently willing to pay whatever it takes to snag them a home near a tech shuttle stop and the freeways.

The average price for such a unit in the time period from June through mid August was $1,250,667. Only two of the nine condos sold were under $1M; the rest ranged from $1,250,000-$1,475,000. Average overbid? 27%. Continue Reading

What You Can Buy: No Car? No Problem!

San Francisco continues to head toward a transit-oriented environment, fueled by new construction residential developments that are providing one parking space for every two units (or no parking at all). Car-sharing services are also helping the anti-car ownership trend. Indeed, if you’re buying a condo in a central location near retail areas, rail or bus lines, there is not as much of a need to own a car these days.

I rounded up three great condos that are currently on the market and which don’t provide parking.Continue Reading

Community Doesn’t Just Happen, You Have To Build It

Community Doesn’t Just Happen, You Have To Build It

I was on the way to meet a stager at my upcoming listing in Cole Valley last week when I came upon this “lending library” on Woodland. Sheltered by a Far Niente wine box (and signalling immediately that one of these neighbors has good taste in wine), the library is used by neighbors who leave and borrow books on a regular basis. I’ve seen a few more of these lately in the Mission and in Noe Valley, and the libraries are a great way for neighbors to interact and build community.Continue Reading

Just Sold: 250 Los Palmos in Miraloma Park

Just Sold: 250 Los Palmos in Miraloma Park

On the market for about three weeks, 250 Los Palmos was overlooked by many buyers. However, my clients seized the day and purchased this spacious single-family home in a great neighborhood. (They also avoided a multiple-offer situation, rare in San Francisco these days.) Continue Reading

Outside Lands Shines Spotlight on Richmond

The annual Outside Lands festival takes over Golden Gate Park this weekend, and the Richmond is one of the adjacent neighborhoods that’s very much in the mix. For better or worse, neighbors can hear the show from their very own residences, and compete with festival goers for street parking and public transportation.

But during the rest of the year, Richmond dwellers enjoy proximity to the park, various retail strips that pepper the area, and the ocean. Yes, you get fog in the Richmond, but from a real estate perspective, there’s a variety of architecture, and the houses and condos have more square footage. In the end, I believe there’s good value, particularly on a price-per-square-foot basis.

Open house access will be a bit challenging this weekend, but here are some listings worth noting. My advice? Skip the open house circuit and make a showing appointment in the morning, before the festival gets going.Continue Reading

SF Construction Boom Boosts Tire Industry

Construction in San Francisco is going gangbusters these days. No matter where you walk, drive or bike, there’s a building rising or a home being extensively renovated.

One byproduct of all this construction is what I experienced last week. I headed to my garage en route to an appointment and discovered that I had a flat tire. An hour later, AAA diagnosed the cause of the flat—a nail.Continue Reading

New Listing: 7 Bennington in Bernal Heights

New Listing: 7 Bennington in Bernal Heights

My new listing on one of the most desirable blocks in Bernal opens its doors this weekend. 7 Bennington is a sweet single-family home that features an open living/dining area, three good-sized bedrooms all on the main level and an updated kitchen and bath. This is a great house for entertaining, as the deck and stairs off the kitchen lead to a lovely yard that’s perfect for enjoying Bernal’s sunny microclimate while you fire up the grill and hang with your friends.Continue Reading

Get in touch:

Eileen Bermingham

Zephyr Real Estate


BRE# 01352627

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