Category Archives: Market News

New Listing: Fully Loaded Noe Condo

New Listing: Fully Loaded Noe Condo

I’m proud to present my new listing at 148 Duncan Street in Noe Valley. It checks all the boxes: two large bedrooms, formal dining room, remodeled kitchen and bath, private outdoor space and charming period details.

One-car parking, abundant storage and shared garden are in the mix, too!

The condo is perfect for South Bay or downtown commuters, as 148 Duncan is situated near freeways, BART, Muni and tech shuttle stops. We’re also a quick shot away from the restaurants, shops, bars and cafes in Upper Noe, the Mission and Bernal Heights.

List price is $1,195,000, and you can see more photos/details at our property Web site.

First opens are this Saturday 2/6 from 2:00-4:00, and Sunday 2/7 from 12:00-2:00, before the Super Bowl game and festivities kick off. Looking forward to seeing you then!

Few Price Reductions from Luxury Market Sellers

Few Price Reductions from Luxury Market Sellers

Luxury home sellers in San Francisco don’t seem to be in any hurry to move their properties. Most sellers are sticking with their list prices, despite an average of 75 and 71 days on market, respectively, for single-family homes and condos listed for $2,000,000 or more. Continue Reading

New Construction Condo Projects Hit The Market

Buyers looking for new construction condos are in luck: A batch of new projects will be releasing units in January and February.

I’m not on the sales teams for these projects, but can represent you independently. This means I can get you started with a loan preapproval and walk you through the contract. I will also review the very thick new home package/disclosures with you; and work with the sales team to make sure things go smoothly for your move-in (among other things).

So check out what’s on tap, and give me a shout if you’d like to explore your options within any of these projects:

2655 Bush / The District
Neighborhood: Lower Pacific Heights
thedistrict_2016
The Homes: 81 one- and two-bedroom condos in the $1200/sq foot range. HOA fees range from $650-$850/month, depending on the size of the unit. Parking for all units. 3,800 square feet of retail.
The Perks: Fitness center, full-time front desk, greenhouse, roof deck, residents’ lounge
Buy If: You’d like to be near the restaurants, cafes and bus lines along Divisadero and Fillmore, as well proximity to NoPa and Laurel Village. You’ll also have quick access to medical care; 2655 Bush is in the midst of UCSF and Kaiser campuses.
Who’s Behind It: KTGY Group, KB Homes
Sales Begin: Sales office has just released the first twelve units, including eight 1BRs and four 2BRs. Continue Reading

More Balanced Market Ahead in 2016

Fewer extreme overbids and stable values are most likely in store for the San Francisco real estate market in 2016.

After another freewheeling year of steadily climbing prices, buyers throwing money at sellers and cash sales continuously taking the prize, it’s widely believed among the Realtor community that 2016 will be a much more balanced market.

Here’s what I expect will happen this year: Continue Reading

Market Frenzy Fades in Late 2015

The number of wild overbids, cash sales and the average prices of condos and single-family homes in San Francisco declined in November and December 2015 from their Spring peaks.

It’s easy to chalk up the more sobering, late-year numbers to the holidays. But the market was actually quite busy during these months, leading me to believe that fewer buyers were willing to go to the mat to “win” homes—or pay for them in cash.

Here’s a look at how our single-family and condo markets fared in November and December 2015 vs. what are widely considered by the Realtor community to be the peak months of May and June: Continue Reading

Enjoy the Good Times While They Last

Enjoy the Good Times While They Last

I attended the annual First Republic Bank Realtor luncheon at the St. Francis Yacht Club yesterday. It was a nice opportunity to chat with colleagues, enjoy a great meal and listen to an update on the real estate market against the backdrop of the crashing surf. Continue Reading

Buyers and Sellers: Use October Sales as Your Guide

We’re well into the Fall real estate season, and the holiday home stretch is just around the corner. October numbers will be the best guide for buyers and sellers as they respectively decide how much to offer and how much they want for their homes.

Here’s where we are right now in the market. Continue Reading

Just Listed and Sold: Off-Market Home in Potrero

Just Listed and Sold: Off-Market Home in Potrero

I just represented the seller in an off-market sale at 1133 Wisconsin in Potrero Hill. One of the neighbors was interested in purchasing the house, and my client decided to forego the disruption of staging, painting and preparing the house for sale in favor of a private transaction.

The home has two bedrooms, one bath and a deck with Bay views. There’s also a large garage, and the location gets some of the best weather in San Francisco!

Special thanks to Pacific Union’s Rob Costabile, who represented the buyer. Kudos, as well, to Michael Ostby at First Republic for handling the loan, and First American’s Kevin Thompson for a stellar escrow.

Final sales price was $895,000.

SoMa’s Sapphire Slashes Prices

SoMa’s Sapphire Slashes Prices

The sales team at 252 9th Street in SoMa, known as Sapphire, has been marketing its 15 well-appointed new condos since September. Though some of the units are in contract, there are still plenty available. And prices are about to be slashed significantly.

Savvy buyers, take note: Sapphire offers one- and two-bedroom condos that feature European oak hardwood floors, high ceilings, kitchens with Bertazzoni gas ranges, and washer/dryer hookups. Amenities include patios or balconies in select units, a fantastic roof deck with amazing city views, bike parking, storage lockers, and elevator service to all levels. HOA dues are in the $400-$500 range. Continue Reading

Just Sold: Ingleside Heights Condo

Just Sold: Ingleside Heights Condo

I’m extremely pleased to let you know that my client just closed on the purchase of a lovely condo in the Oceanview Village community in Ingleside Heights.

Oceanview Village is within walking distance of BART, has useful commercial spaces (like a 24-Hour Fitness) and is also near 280 for South Bay commuting. It’s become a popular spot for first-time home buyers looking spacious, well-appointed condos with parking. Continue Reading

Engine No. 44 Hits Hot Luxury Market—Again

Engine No. 44 Hits Hot Luxury Market—Again

The former firehouse at 3816 22nd Street that was transformed in 2007 into a modern home on a prime Noe Valley block is back on the market.

Engine No. 44 was originally built in 1909, and was sold by the San Francisco Fire Department in 1959 to well-known local artists, Mark Adams and Beth Von Housen. The building was sold in 2006 for $2.1M ($600,000 under the list price) and completely renovated in 2007. Continue Reading

Just Sold: 130 Gates in Bernal Heights

Just Sold: 130 Gates in Bernal Heights

My lovely three-bedroom house listing at 130 Gates closed this week. We worked hard in the pre-listing phase, pulling together painters, cleaners, haulers and stagers. In the end, we found a fantastic buyer who loves the house, and have happy sellers.

List price for Gates was $1,195,000, and we closed for $1,495,000. That’s just over 25% above the list price, which is the average overbid in Bernal for three-bedroom houses in good locations.

A special shout-out to Zephyr agents Sabrina Gee-Shin and Kelly Quon, who did an excellent job representing their client and were on top of every detail. Aileen Hom at Wells Fargo expertly guided the buyer’s loan along. And much thanks to Michelle Patterson at Old Republic title for her masterful escrow work!

Time is running out to get new listings ready, on the market and sold. If you’d like to talk about selling your house this Fall, please contact me. I’m also available to strategize with sellers interested in putting their properties on the market in 2016.

Get in touch:

Eileen Bermingham

Zephyr Real Estate

415.823.4656

ebermingham@zephyrsf.com

BRE# 01352627

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