Category Archives: Miraloma Park

SF Real Estate Sees Its Share of Summer Overbidding

The summer may have quieted down the market a bit in San Francisco, but that doesn’t mean prices are softening or that buyers have backed off from extreme overbidding (25%+ above the list price). In fact, we have three cases this month of irrational overbidding, too (50% or more over asking).

Of the 74 sold houses so far in August, 23 of them sold for 25% or more over asking. However, the condo market is definitely not experiencing parallel activity. Only six of the 62 units sold traded hands for more than 25% over asking.

Houses on the west side made a strong overbidding showing this month. Thirteen of those 18 houses sold for 25% or more above the list price were located in the Sunset, Parkside, Richmond and Golden Gate Heights. Buyers for the tenant-occupied house on Capp at 22nd Street in the Mission paid $1M in cash for what’s presumably a development opportunity.

Here’s how things have gone so far in August 2015:

Extreme Overbidding (25%+ over asking)
Houses:
763 36th Ave / Outer Richmond
List Price: $788,038 / Sale Price: $985,000 (25%)

554 45th Ave / Outer Richmond
$1,125,000 / $1,500,000 (33%)

2080 14th Ave / Golden Gate Heights
$899,000 / $1,302,080 (45%)Continue Reading

Just Sold: Miraloma Park Charmer

Just Sold: Miraloma Park Charmer

I am happy to report that my clients were the successful buyers of an utterly charming 3BR/2BA house in what’s called “old” Miraloma Park. Tastefully remodeled and fully detached, 830 Rockdale has breakfast room views of Twin Peaks and the Marin Headlands. The lower level features a large family room and second bath, with direct access to the huge yard.

Listed for $1.1M, 830 Rockdale sold for $1.4M. Hats off to Marco Nevarez at First Republic for expertly guiding us through the loan process. And much thanks to listing agent John Beeney at Paragon and escrow officer Heather Shiffer at First American for their professionalism and ability to get things done.

My clients were gracious enough to refer me to friends of theirs who are currently interested in a home purchase. In doing so, they wrote this testimonial that I wanted to share. If you’re thinking of jumping into the San Francisco market this spring, please don’t hesitate to contact me!

“We have been tremendously impressed with everything Eileen has done for us. I’m not easily impressed, but I honestly think Eileen takes the long view and represents the best interests of her clients at every stage. She has lots of contacts…. the referrals she has given – insurance, loan brokers, etc – have all been excellent.

This was my first time buying a house in the US, and so I’ve had a lot of questions….Every single one, no matter how insignificant, she has patiently answered.

I whole-heartedly recommend Eileen as a guide through the crazy SF real estate market!”

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

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. Continue Reading

What You Can Buy: 3BR Houses for $1M

Ah, a three-bedroom single-family home in San Francisco—the holy grail of local real estate.

There are currently 102 such houses on the market as of this writing, at an average list price of $1,206,627. But the good news is that there are plenty of homes available. It’s just a matter of being flexible about what you may need—and which neighborhood you’d like.Continue Reading

What You Can Buy In: Miraloma Park

Miraloma Park is not always at the top of every single-family home buyer’s list. It’s situated kind of in between more well-known areas such as West Portal and Glen Park. Though most homes in Miraloma aren’t exactly in quick walking distance of retail areas beyond Portola’s Mollie Stone/Starbucks/Creighton’s Bakery strip, West Portal and Glen Park are a quick drive away (as are their respective Muni and BART rail stations).

Most Miraloma residents enjoy the quiet, decidedly suburban streets and find that the fog—which can be plentiful at times—adds an air of drama to their surroundings. The neighborhood is popular with young families who appreciate the fact that their kids can play outside, and that there are many schools in this part of town.Continue Reading

Checking Out Q1 House Averages

With volumes and prices down, the first quarter of the year opened with a whimper. Buyers were reluctant to make purchase decisions, and sellers held back from putting their homes on the market.

Most neighborhood averages were below $1M. That just supports my theory that the most popular price range continues to be $400,000-$900,000. Here’s a look at how single-family homes fared in a variety of neighborhoods:Continue Reading

Get in touch:

Eileen Bermingham

Zephyr Real Estate

415.823.4656

ebermingham@zephyrsf.com

BRE# 01352627

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