Buyers looking to make a purchase before the end of the year need to be aware of the house and condo overbidding hot spots. These are the neighborhoods where you can expect to pay 20% or more for properties, based on sales in August and September 2014. [Read more...]
The recent Napa earthquake jolted everyone on the west coast and forced us to revisit how prepared we are for an earthquake. Though a huge earthquake will cause inevitable damage, there are a few fundamental things—some more expensive than others—you can do as a homeowner to minimize damage that can happen in a large earthquake. [Read more...]
My seller clients just closed on the sale of their lovely home at 7 Bennington. Situated on a prime Bernal block just one block from Cortland Avenue, 7 Bennington was listed for $899,000 and featured an open living/dining floor plan, all three bedrooms on the main level and an updated kitchen and bath.
We received multiple offers and the sale price was $1,150,000. The lucky buyers are now the owners of a fabulous single-family home in an excellent neighborhood location. Congrats all around, and special thanks to buyer agent Joy Liu at Vanguard Properties, as well as to the buyers’ lender, Judy Stern at Opes Advisors.
Well, the Zephyr Market update is actually a useful one. Find out which neighborhood property values in our beautiful city appreciated the most, how condos and houses fared year over year, and which new neighborhood app is doing its part to unify communities.
It’s all here in the Zephyr Market Update!
I love writing this blog, but I also love selling San Francisco real estate. And I love when my clients have a great experience buying that real estate. It’s pretty much what gets me out of bed in the morning.
I wanted to share my latest review from my clients who made their purchase in rapid-fire fashion—and without having to pay through the nose to get what they needed (click on the review for the larger version):
Give me a shout if you’re on track to buy (or sell) a home—and want to do it before the end of the year. We can meet to strategize and then find you what you need without a lot of drama.
The San Francisco real estate market didn’t seem to slow down this summer. I was “on vacation” last week, but still reported for duty to prep my upcoming listing, manage my current seller escrow and write offers. Many of my colleagues continued to bring on new listings straight through to the end of August, despite the threat of Burning Man and Labor Day weekend thinning the buyer pool.
And in fact, the last week of August saw many listings coming up dry when offer dates arrived. But I don’t think that this was because the market is softening significantly.
How did buyers and sellers fare in July and August in the condo and single-family home markets? [Read more...]
Thanks for reading my blog, and I look forward to sharing more insights from the field when I return!
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’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!
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%.
Yes, there are some such condos selling for less, but they generally involve 1,000 square feet or less and don’t include parking—or have other quirks. (For example, a 2BR/2BA condo with parking on Dolores at 29th Street sold recently for $875,000. But the developer owns three of the 13 units, meaning any buyer needing a loan would have to use non-conforming financing.) [Read more...]
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. [Read more...]
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.
Many San Francisco buyers tell me that one of the things they’re looking for—besides a suitable house, of course—is a sense of community and good neighbors. And one important factor to note is that a sense of community doesn’t just appear; you actually have to sometimes work to create it. [Read more...]
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.)
250 Los Palmos is just up the hill from Monterey Boulevard and Sunnyside, and is conveniently located near Glen Park and 280 for the Silicon Valley commute. The property has three nice-sized bedrooms all on the same level, a remodeled kitchen with skylight, and an additional, unwarranted bedroom and bathroom downstairs which will be very useful as a family room or guest space.
The average price for a three-bedroom house in San Francisco is well above $1M, but my clients have managed to snag themselves a deal. Congrats to them, and I wish them much happiness in their new home!