Category Archives: Sunset/Parkside

Outer Sunset Sees Record $2M Sale, Prices Soar

Outer Sunset Sees Record $2M Sale, Prices Soar

The Outer Sunset had its breakout year in 2016. Once a sleepy oceanside neighborhood with a reliable stock of homes for under a million dollars, the Outer Sunset’s prices are steadily creeping upward. And the area just saw a record-breaking sale for $2M last December.

Prices have been edging up over the past few years. For example, the average price for an Outer Sunset house was $863,169 in 2014, and that number climbed to $1,029,921 in 2015, with five homes changing hands for $1.3M+. Continue Reading

SoMa Condos, High-End Houses Top Year-End Inventory

We’re approaching Thanksgiving, and that means we are officially in “year-end” territory. Buyers looking to get a deal are likely to find one in South of Market, or in the single-family home luxury market if they can spend $2,000,000+.

But there really are a variety of options out there right now. Here’s where to focus your energy if you’re aiming to purchase a condo or house before the end of 2016, along with price ranges and my picks:

Single-Family Homes
Central Richmond
What’s Available Two- to four-bedroom houses from $1,300,000-$2,500,000
My Pick 791 30th Avenue
791_30thave
791 30th Avenue was built in 1941 and is nicely updated. There are two bedrooms on the main level, and two more downstairs, with a total of 2,085 square feet. Landscaped yard and garage parking. Only one block from Golden Gate Park. List price: $1,495,000. Continue Reading

Coming Soon and Off-Market Opportunities: February 10, 2016

Inventory of any kind is a little sparse at this point in the year. But now that the Super Bowl is behind us and the weather is simply Spring like, I’m hoping we have more homes for buyers to consider.

Here are my picks for this week’s up-and-comers:

2474 30th Avenue / Parkside
3BR/2.5BA, Marina-style home with 2 pkg
$999,000

444 Arkansas / Potrero Hill
3BR/2.5BA on one level, fab views, 1 pkg
Price in $1.9M range

2586 28th Avenue / Parkside
2BR/1BA spacious house with room down
$929,000

626 Faxon / Westwood Park
2BR/1BA fixer, huge garage
699,000 Continue Reading

What You Can Buy: My Picks for This Week

Inventory is starting to hit the market, and I’ve been scouting around for properties for my buyer clients. In between, I get to see properties that aren’t quite a fit for my buyers, but would work for my blog readers who may be house hunting. Here are some cool properties in varied price ranges. If you’re interested in taking a look, give me a shout at 415.823.4656 and we can schedule a showing just like that.

500 Masonic #2 / NoPa
2BR/2.5BA, 1220 sq ft, 1 pkg
$1,299,000
500masonic_2
The two-level condo at 500 Masonic #2 has what many buyers are looking for—two bedrooms upstairs, an open kitchen/dining/living space, in-unit laundry, and secure garage parking for up to two cars (tandem).
Pros: Large, deeded rooftop space easily accessible from the elevator. Smaller, seven-unit building. 94 Walk Score!
Cons: One bedroom and the main living space front Masonic, which is a heavily trafficked street. (Note that a major streetscape improvement project is planned.) Continue Reading

Coming Soon and Off-Market Opportunities: October 28, 2015

A good portion of the Fall inventory is on the market, but there are some properties quietly being marketed outside the MLS. Here are my picks for this week:

507 Capp / Mission
Grand 5BR/6BA renovated Edwardian on three levels, garden, 3 pkg
$4,400,000

2771 38th Avenue / Outer Parkside
3BR/2BA remodeled house, 1 parking
$895,000

555 4th Street #513 / SoMa
2BR/1BA, 1 pkg
$1,050,000 Continue Reading

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

Coming Soon and Off-Market Opportunities: August 12, 2015

Here are my picks for upcoming and off-market listings this week:

147 Day #4 / Noe Valley
1BR/1BA top-floor condo, 1 pkg
$749,000

1670 Kirkwood / Bayview
Two 3BR/2BA flats, built 2001, 2 pkg
$899,000

1562 Portola / West Portal
3BR+/2.5BA, 2777 sq ft Craftsman house
$1,695,000

471 Munich / Excelsior
3BR/1.5BA barrel front house + inlaw unit, 1 pkg
Price TBD Continue Reading

Coming Soon and Off-Market Opportunities: August 7, 2015

Here are my picks for upcoming and off-market listings this week:

43-45 Fair / Bernal Heights
Two units, cosmetic fixer
$1,700,000

607 Shotwell / Mission
1BR/1BA TIC with no parking, four-unit building
$499,000

2905 Bush / Lower Pac Heights
3BR/3BA Victorian house with legal garden apartment–technically two units
$2,849,000 Continue Reading

Coming Soon and Off-Market Opportunities: July 22, 2015

The market is a little slow this week, but there’s inventory on the way. Here are my picks for upcoming and off-market listings this week:

Condo at 25th and Douglass / Noe Valley
3BR/2.5BA, 1859 sq feet, 2 pkg
Excellent floor plan for entertaining, chef’s kitchen
$1,700,000

300 Berry #721 / Mission Bay
1BR + den, 732 sq feet, 1 pkg
Unobstructed city views at The Arterra
$900,000 Continue Reading

Buyers Don’t Always Need to Overbid

Much has been made of some buyers’ irrational exuberance when it comes to overbidding dramatically for San Francisco properties, as The Chronicle’s Kathleen Pender reported last week. This kind of thing makes a great headline and fuels party conversation.

But overbidding doesn’t always happen, even in the hard-to-crack single-family home market. But no reporters are swarming around looking for those stories. As a real estate agent who prefers a more balanced market and a blogger who strives to write about the larger picture, I thought I’d round up the house sales that clocked in at or under the asking prices in June. Continue Reading

Off-Market and Coming Soon Opportunities: Week of June 22nd

What summer slowdown? Plenty of sellers are ready to move, and the spike in inventory reflects that. Getting in to a property before it hits the market is a great way to give yourself time to get your loan preapproval in order, review disclosures and write your offer without twenty other buyers breathing down your neck.

I’ll be updating this list as new opportunities come up this week. Here are my off-market and coming soon picks so far for the week of June 22nd: Continue Reading

Sales Volume Down, Prices Up in Q1 2015

The big news for the first quarter of 2015 is that sales volume dropped like a rock compared to Q4 2014.

But prices edged up even higher.

Bottom line: There were 41% fewer single-family home and 28% fewer condo sales in the first quarter of this year. Of course, the first quarter of any year is typically slower due to buyers and sellers recovering from the holidays. But given the frothy nature of the market right now, I would have expected a touch more volume.

Here’s a snapshot of how things went down in the two most popular segments of the real estate market: Continue Reading

Condo Cash Buyers Back Off from Big Overbids

Cash buyers continue to make a strong showing in the San Francisco market, accounting for 20% of transactions that closed over the past three months.

But when it comes to houses vs condos, these condo buyers are pulling back from big overbids. The average overbid was only 2.32% vs 10.26% for house buyers. And only 9% of cash condo sales saw overbids of 20% or more—possibly indicating a less frothy Spring condo market. Continue Reading

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

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

Get in touch:

Eileen Bermingham

Zephyr Real Estate

415.823.4656

ebermingham@zephyrsf.com

BRE# 01352627

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