There Was a Time When They Moved Victorians Around

The new edition of the Zephyr Market Tracker throws the spotlight on Victorians. Did you know they were moved from one neighborhood to another? SFist has a great photo gallery showing what happened back then.

We also look at the different types of Victorian properties available in San Francisco, the most recent citywide sales and the deets for SF Rec & Park’s upcoming Scaregrove in Stern Grove. It’s all here in the latest Zephyr Market Tracker!

FHA Loans Lay Low in San Francisco

Buyers making purchases with FHA loans are a rarity these days in San Francisco. In the past two years, FHA loans were used by only 54 single-family home and six condo buyers, as per the SF MLS.

An FHA-insured loan is backed by the U.S. Federal Housing Administration, which insures a loan made by a private lender. Buyers can make a purchase with a very low down payment. FHA loans are a bit more complex than regular loans, and typically take longer to process.

The San Francisco market moves quickly, and many sellers don’t want to wait any more than 21 or 30 days to complete their transaction. Many buyers also have large down payments these days and make offers that frequently omit loan contingencies. So it’s no wonder that in a competitive offer situation (nine times out of ten), a seller will go with the buyer that presents the most direct and efficient path to closing. And that typically will not involve an FHA loan. [Read more...]

Art at Alcatraz, Latest San Francisco Sales & Market Trends

The current edition of the Zephyr Market Tracker turns the spotlight on Alcatraz and its new art installation. You have until April 2015 to see this unique exhibit by Beijing-based artist Ai Weiwei.

We also check out some hot new Bernal listings, as well as recent citywide sales and market trends.

It’s all here in the Zephyr Market Tracker!

Latest Sales, SF Moma’s Revamp, Secrets of Golden Gate Park

The last 21 days are a window into the world of San Francisco property values, and the latest Zephyr Market Tracker rounds them up. Yes, there are the expected over asking prices, but there are a few surprises.

Market Tracker also takes a look at how the SF Moma’s major reno is doing, as well as hones in on the secret of Golden Gate Park. We also check out some great looking homes that are near coveted green space.

It’s all here in the Zephyr Market Tracker!

Know San Francisco’s Overbidding Hot Spots

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The selling patterns in San Francisco continue to be “list low, sell high.” Sellers looking for buyers to pay well over asking for their properties were in luck over the past two months.

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 Zephyr Market Update is Here

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You can’t get enough stats these days, can you?

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!

SF Real Estate Summer Stats Are In!

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...]

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.

2BR Condo Market Explodes in Noe Valley

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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%.

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...]

InsideSFRE Makes the Nightly News

My seller clients and I were interviewed last night on KTVU’s ten o’clock news about the Zillow acquisition of Trulia, and how online real estate sites continue to play an important role in the real estate industry.

I’m a big fan of Trulia, Zillow, and Redfin, and believe they are key in helping buyers and sellers do their research. As I mentioned during the broadcast, most of my clients have done their fair share of online research before I even meet with them for the first time. As a result, they’re up to speed on values and we can get right to in-depth market discussions.

You can watch the broadcast here.

And look for our Bernal Heights listing later this week, especially if you’re in the market for a three-bedroom single-family home in a fantastic neighborhood location.

SF Market Shows Signs of Stabilizing

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The San Francisco real estate market is actually showing signs of stabilizing. That means we’re starting to see fewer offers on properties, fewer extreme overbidding situations, and buyers having offers accepted that—dare we say it?—have contingencies.

For those of us working in the field, networking with our colleagues and representing buyers and sellers in very recent transactions, it’s pretty obvious that things are calming down a bit. Our sales meetings in the first few months of the year were filled with reports on eight, ten or 15+ offer situations. Now it’s more like three or four. My clients are purchasing a condo in Bernal Heights, and their contract had the full appraisal, loan and inspection contingencies. [Read more...]

Spotlight on the Mission, Sunday Streets & Latest Sales!

Developers are heading east in the Mission, because let’s face it: There are only so many lots available on Valencia for condo buildings. The latest project to arrive is 1515 at 15th and South Van Ness. The current Zephyr Market Tracker looks at the details. And if new construction isn’t your thing, we profile some current Mission offerings that might interest you.

Plus, the deets on Sunday Streets, and all the latest market stats. It’s all here in the Zephyr Market Tracker!

The Most Competitive House Markets in San Francisco Right Now

If you’re aiming to buy or sell a single-family home in San Francisco, it’s important to take note of the selling patterns in the city’s various neighborhoods. You’ve probably read my blog post from earlier this week on the hottest condo markets, but when it comes to overbidding on houses, the landscape looks slightly different.

The neighborhoods where buyers are overbidding most intensely are varied, and there are many. [Read more...]

The Most Competitive Condo Markets in San Francisco Right Now

One of the keys to success in the current San Francisco market is knowing which neighborhoods are the most competitive. Armed with that intel, you can more easily gauge how much to offer on a property, or what list price will work to your advantage.

As many of my regular readers know, I’ve been running a feature highlighting extreme overbidding for several months, regularly inducting new members into the SF Overbidders Club. The reality is that we have many neighborhoods in San Francisco that are showing double-digit overbid percentages, and it’s important to know what the selling patterns are when you’re determining values.

When it comes to the San Francisco market, these patterns can change pretty quickly. My sales data is based on reported MLS sales in the time period April 1 – May 12, 2014, so it’s the most current info available. [Read more...]

Latest Sales, Value of Staging, Spotlight on Portola

The new Zephyr Market Tracker explores the southeast neighborhood of Portola, checks in on whether staging makes a difference in the current market and gives you the lowdown on the most recent citywide sales.

And of course, you’ll get the market overview for single-family homes, condos and two- to four-unit buildings.

It’s all here in the Zephyr Market Tracker!