Category Archives: Market News

Noe Houses, Cow Hollow Condos Lead Pack in Price Per Square Foot

Heads up, San Francisco house hunters: If you’re looking to get into hot neighborhoods like Noe Valley, NoPa, and the Marina, be prepared to potentially pay more than $1,000/square foot.

Noe Valley has truly jumped the shark with its price per square foot average for single-family homes: It’s now just above $1400. And thanks to the new Amero condo development in Cow Hollow, that neighborhood’s price per square foot average leads the pack for condos in the city.Continue Reading

Low Inventory Leads to Multiple Offers

The San Francisco real estate market is very competitive right now. I’m hearing anecdotes among my colleagues of crazy multiple-offer situations in the double digits—24 offers here, another 16 offers there. Unless you’re a buyer with all cash who catches on quickly, you’re writing offers on a routine basis and hoping a seller accepts one of them.Continue Reading

San Francisco Wants You To be a HERO

This is the year to upgrade your home so that it’s more energy efficient. The latest Zephyr Market Tracker reports that San Francisco has just joined the ranks of California cities that have approved the Home Energy Renovation Opportunity (HERO) and Property Assessed Clean Energy (PACE) programs.

You can apply for these programs starting in the Spring to help finance upgrades like solar power, energy-saving windows and doors, insulation and more.

Also in this edition of Market Tracker is a lineup of local museums that offer free admission on certain days and weekends. Did you know that it’s free to get into the Asian Art Museum on the first Sunday of every month? There are a lot more freebies out there.

All this plus a look at homes currently on the market that have their own outdoor space, along with the latest San Francisco market stats and sales. It’s all here in the Zephyr Market Tracker!

Here Are My SF Real Estate Predictions for 2015

Here Are My SF Real Estate Predictions for 2015

 

It’s that time of year when I haul out my crystal ball and let you all know what I think will be happening in the San Francisco real estate market this year. One thing that’s definitely certain is that many of you will be contacting me to help you buy or sell a home. I look forward to talking with you! In the meantime, here’s how things will shake out in 2015.Continue Reading

San Francisco Market Wraps Up 2014 on High Note

The San Francisco real estate market ended 2014 on a high note, with stronger-than-ever price averages, overbidding and cash sales dominating the landscape.

Our single-family home and condo markets behaved a bit differently in the final quarter of last year. Here’s a look at how things shook out.Continue Reading

Tech Jobs, Foreign Buyers Will Drive Market in 2015

Tech Jobs, Foreign Buyers Will Drive Market in 2015

The strength of the tech industry and foreign buyers’ appetite for Bay Area homes will be the biggest factors influencing the local real estate market in 2015, according to First Republic’s Senior Managing Director and Porfolio Manager Alan Zafran at yesterday’s Realtor luncheon at the St. Francis Yacht Club. Continue Reading

Welcome To The Holiday Home Stretch, 2014

If you’re a serious home buyer, it’s quite possible that December will be your month to find that home of your dreams. Yes, inventory is lighter, but the competition thins out as other, less-serious buyers get distracted by the holidays. And the sellers who are still offering their homes for sale are more likely than they would have been a few months ago to negotiate on price.

There are 172 houses and 81 condos on the market right now, in a variety of neighborhoods and price ranges. And it just so happens to be a great time to make your purchase and wrap things up before the end of 2014. There will inevitably be a crop of newly active buyers coming into the market in early 2015, which will not help your case.

So stick with your home-buying mission and don’t overlook any possibilities. And if you’re thinking of jumping into the market in 2015, please contact me and we can discuss the details.

Thanks For a Wonderful 2014

Thanks For a Wonderful 2014

Thank you to all of you who’ve been reading my blog faithfully over the years, as well as to those who have connected with me and have done business with me. I am truly grateful for those opportunities.

May you have a fantastic Thanksgiving, and I’ll see you back here on Monday.

Grand SoMa Development Takes Leap Forward

The four-acre development planned for Fifth and Mission in SoMa has grand plans—1,200 new residences and 150,000 square feet of retail, for starters. But there are renderings online now, and the project could break ground in 2016 if approved.

Moving north west across town, we take a look at what’s on the market in uber-hot Hayes Valley, from a loft to a Victorian condo.

Plus, news on Coit Tower’s murals and the most current San Francisco sales and stats.

It’s all here in the Zephyr MarketTracker!

“Off-Market” in a Hot Market Can Shortchange Sellers

“Off-Market” in a Hot Market Can Shortchange Sellers

The San Francisco real estate market is booming, and sellers are greatly benefitting from buyer demand. There are five or more buyers for every listing, particularly in popular neighborhoods. Interest rates are low, our local job market is strong and there’s no shortage of foreign investors.

If you’re thinking of selling your home in the near future, here’s how you can capitalize on this hot market: Make sure your agent enters your property in the San Francisco Multiple Listing Service (SFARMLS) database. Continue Reading

Luxury Market Going Strong in Fall 2014

Luxury Market Going Strong in Fall 2014

San Francisco real estate in the $2M+ price range continues to experience a healthy sales volume. There doesn’t seem to be a shortage of buyers, particularly those paying in cash. Chalk it up to two factors—tech company stock options, and buyers’ desire to live in large homes in prime neighborhoods.

Case in point: 250 Cumberland, initially sold in 2012 for $1,775,000 as a major two-unit fixer that had been partially gutted by a fire. Flash forward to 2014. Rebuilt as a 5BR/4.5BA, 3,974-square foot single-family, the home was purchased by cash buyers for $6,000,000 at the end of October.Continue Reading

Holidays Approach, Time To Make Your Move

We’re speeding toward Thanksgiving, which only means one thing when it comes to San Francisco real estate: Inventory will decline after turkey day, and serious buyers need to take a second look at what’s been sitting on the market.

There are 255 single-family homes and 288 condos currently available, a good portion of which have been on the market for three weeks or more. Take 7 Burnett ($1,695,000), a beautiful 3BR/2BA Twin Peaks view condo. Or for something more quirky with amazing curb appeal, look at 10 Carmel ($3M) in Cole Valley–a 1909 firehouse that’s now a very cool pad for a buyer who likes entertaining and living in a unique home. (I covered the other condo in the building back in 2010 when that was on the market in this blog post.)

It’s definitely time to buckle down and work with current inventory. Our market moves so quickly that you can sometimes get obsessed with new listings and completely miss out on homes that won’t involve tedious multiple offers and overbidding. Give me a shout if you need some help finding the right place. I’ll be in town and ready to work!

Halloween + Giants Parade = Awesome San Francisco

Halloween + Giants Parade = Awesome San Francisco

Happy Halloween! For the second time in two years, we’re celebrating Halloween and the Giants’ World Series win on the same day.

So I’m not going to try to compete for your attention today. Enjoy the parade, Halloween and everything our great city has to offer.

See you on Monday!

Get in touch:

Eileen Bermingham

Zephyr Real Estate

415.823.4656

ebermingham@zephyrsf.com

BRE# 01352627

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