Luxury Homes Lead the 21+ DOM Crowd

Luxury Homes Lead the 21+ DOM Crowd

Summer home shopping can be a challenge, because inventory is typically lighter. Surprisingly, there are currently 221 single-family homes on the market as of this writing, and almost half are looking at a days on market (DOM) count of 21 days or more.

So what’s out there right now? I have two words for you—luxury homes. The average list price of the 97 houses that have been on the market for 21+ days is $2,686,507. Thirty one percent of those homes are listed for more than $2,000,000, and 13% for $6,200,000+. Continue Reading

Coming Soon and Off-Market Opportunities: July 14, 2015

We’re back in the swing of things after the July 4th holiday, and the off-market and coming soon listings are popping up all over the place. Here are my picks this week:

88 King #112 / South Beach
2BR/2BA, 1455 sq ft, 1 pkg in The Towers at One Embarcadero
$1,298,000

88 King #115 / South Beach
2BR + den/2.5BA in The Towers
$1,495,000

1510 York / Bernal Heights
1BR/1BA Victorian house with bonus room near Precita Park
$975,000Continue Reading

Latest Sales, Spotlight on Haight Ashbury

The new issue of the Zephyr Market Tracker highlights a nice selection of available homes in the Haight. Why? The San Francisco Marathon is coming up on July 26th, and it runs right through the Haight.

We also check out recent citywide sales, and the most current stats. Plus, the deets on the marathon!

It’s all here in the Zephyr Market Tracker!

No Summer Slowdown in San Francisco

School’s out, and so are buyers’ wallets when it comes to real estate in San Francisco. Here’s what’s going on in the market now:

Prices are rising. The average single-family home price was $1,817,390 in the second quarter of 2015, up 19.5% from Q2 2014. Condo price hikes were more modest, with the average second quarter price hitting $1,284,140 and jumping up by 13% over Q2 2014.

Inventory is healthy. Contrary to what you may be hearing, there are plenty of homes out there. I’m seeing several new properties hit the market weekly for my different buyer clients. And there are even homes spending a bit of time on the market, with no offer date in sight. Continue Reading

Coming Soon and Off-Market Opportunities: Week of July 6th

The San Francisco real estate market is back in play again after a holiday break. Here are my picks this week for homes that are hitting the market soon, or possibly not at all if they snag a buyer who offers a great price and terms:

Mid-Century Golden Gate Heights House
3BR/2BA, pano views, remodeled, terraced yard
$1,500,000

Noe Valley Fixer on Elizabeth Street
Marina style, huge potential
Price TBDContinue Reading

Happy Fourth of July!

Happy Fourth of July!

The frenetic San Francisco real estate market has been setting off fireworks of its own these days. But let’s all take a moment to celebrate something much bigger—our country’s independence.

Best wishes to all of you for a fun, safe and sparkling Fourth of July!

(Photo courtesy of Eventbrite)

Condo Overbids Calm Down in June

I received a lot of comments and emails on my post earlier this week about house sales in San Francisco that didn’t require overbidding in June. The big question: “What about condos?”

The good news for buyers is that even more condos are selling for less than or at their list prices. But do note that these sales aren’t happening in the most popular neighborhoods. If you’re open to areas that aren’t Noe Valley, the Mission, Pac Heights or NoPa, there are plenty of opportunities out there—particularly in high-rise buildings where there are many units.

Here’s the lineup of resales reported in June that were marketed through the MLS: Continue Reading

Coming Soon and Off-Market Opportunities: Week of June 29th

This is a weird week for San Francisco housing inventory, because many listing agents are counseling their seller clients to hold off on listing their properties until after the upcoming Fourth of July holiday weekend.

So the pickings are slim, but here they are:

Renovated Glen Park Single-Family Home
4BR/4.5BA + media room, 3100 sq feet, parking
$2,900,000

Noe Valley Single-Family Home
4BR/2BA, 2200 sq ft, parking, could use updating, Noe/Mission location
$1,800,000

Potrero Hill Condo
2BR/1.5 baths, parking, excellent neighborhood location
$995,000Continue Reading

Get in touch:

Eileen Bermingham

Zephyr Real Estate

415.823.4656

ebermingham@zephyrsf.com

BRE# 01352627

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