Category Archives: Neighborhoods

SF House Market Meets Corona Challenge

SF House Market Meets Corona Challenge

Corona may be surging again, but the virus certainly hasn’t obliterated the San Francisco single-family home market. Despite limitations on showing property (no open houses or broker tours!) and many people reportedly fleeing San Francisco for more far-flung locations, our house market remained strong and steady over the past six weeks.

The average price for the 382 houses sold was $2,022,151 (October 1-November 13), with a median price of $1,650,000. The average overbid citywide was five percent. However, 50 homes changed hands for 20% or more over the list price, proving that even a pandemic can’t seem to break our eternal list-low, sell-for-more pattern in San Francisco. Continue Reading

Kickstart Your Next Phase of Corona Living in a Floating Home

Kickstart Your Next Phase of Corona Living in a Floating Home

One of only 20 live-aboard floating homes in Mission Creek is available now, and it could be an excellent option to get out of the corona rut.

If you’re tired of being a landlubber working from your flat and you have the cash, 300 Channel Berth 14 may be the ticket to coping with corona times. The boat has three bedrooms and three bathrooms across three levels for a total of 1,780 square feet. The entry level has a loft setup and contiguous outdoor space. There’s an ensuite bedroom on the middle level, and the “penthouse” level features another ensuite bedroom, living spaces and deck. Continue Reading

TIC Market Stays Alive During Corona

TIC Market Stays Alive During Corona

The tenancy-in-common (TIC) market in San Francisco is a small one, with about a tenth of the condo volume at any given time. Buyers tend to shy away from TICs when there’s a glut of condo inventory, as the former are a bit more complicated. But if you’re looking for more space and a better location than your condo budget allows, you may want to consider one of the TICs currently on the market. Continue Reading

Why Liquefaction Matters in San Francisco

One of the most important things to be aware of when you’re house hunting in San Francisco is where our liquefaction zones are. These are areas that sit on landfill, and have less stable soil. So any buildings that are in liquefaction zones won’t perform as well in an earthquake as ones that are, say, on bedrock. (I’ll let Wikipedia explain it in more detail here.)

Yes, people are buying and selling property all the time who live in what are deemed liquefaction zones. Some of the most popular neighborhoods, in fact, are those which are very much a part of these zones. Think South Beach, the Marina, North Beach, Mission Bay, South of Market, and the Mission. Continue Reading

Just Listed: 517 8th Avenue

Just Listed: 517 8th Avenue

I’m proud to announce the launch of my new four-bedroom, three-bath Inner Richmond Victorian listing at 517 8th Avenue. This is the perfect home for corona times, because it has space for working and schooling from home, exercising, enjoying the garden and entertaining.

Spanning three levels, 517 8th Avenue has lovely architectural details throughout. The living and dining areas are open to each other and lead to a large kitchen with direct access to the garden. All three bedrooms/two bathrooms are on the upper level, along with a family room with skylight. And there are two more rooms on the ground level that you can use for exercising, a rec room or guest quarters. One-car garage, storage and space outside for a second car.

If you know the Inner Richmond, then you know this is a fantastic location near Golden Gate Park. The de Young, Academy of Sciences, Conservatory of Flowers and and Botanical Gardens are easily accessed at the 8th and Fulton entrance (which is currently closed to traffic, and a terrific place to start your walk, run or bike ride in the park). Clement Street retail, restaurants and bars are also only a few blocks away.

List price for 517 8th Avenue is $2,595,000.

Visit our Web site here, which includes a full photo gallery, 3D virtual tour and floor plan.

Contact me if you’d like to schedule a showing at 415.823.4656 | eileen@insidesfre.com

Here’s Where You Can Negotiate the Best Price on a 2BR Condo

Looking to get a good price on a two-bedroom San Francisco condo? Check out a few of the 360 two-bedroom units currently on the market in San Francisco in buildings with ten or more units. These properties have been on the market for an average of 56 days, and I’m betting their owners would love to get offers from qualified buyers.

It helps to know where to look for the best deals. The neighborhoods where these condo buildings are located are Diamond Heights, Mission Dolores, Hayes Valley, Pacific Heights, Downtown/Financial District, Nob Hill, Van Ness/Civic Center, Mission, Mission Bay, SoMa/Yerba Buena, South Beach and Dogpatch/Central Waterfront. Continue Reading

Just Sold: Modern Inner Sunset Condo

Just Sold: Modern Inner Sunset Condo

My clients close today on their purchase of an awesome, two-level modern condo in a prime Inner Sunset location at 307 Moraga.

This 3BR/2BA has an open living/dining/kitchen area with large windows overlooking Moraga. There’s in-unit laundry, and two bedrooms with one en suite upstairs. One flight down is another bedroom/bath and family room. Both lead out to the private, deeded yard. Continue Reading

SF Single-Family Homes Not Immune To Price Reductions

Houses in San Francisco are always in demand among buyers. And this property type has stood its ground during our current recession—in fact, the average price of a house from June 1 – August 15th has increased by 6.7% to $2,141,356 in comparison to the same time in 2019.

But single-family home sellers are no strangers to the dreaded price reduction decision. Some homes come on the market with high prices in comparison to their comparable sales; it’s no secret that there’s a tendency for homeowners to believe their house is superior for one reason or another.

I took a look at all the houses that sold from June 1 through August 15th and discovered that 17% sold after having at least one price reduction. Continue Reading

My Picks for Price-Reduced Properties

I’m seeing a lot more price reductions happening on a regular basis lately, especially in the $2M+ price ranges for condos. Sellers and their agents are trying to find their accurate home values and the corona market is a work in progress.

I always recommend seeing a property as soon as you can if there’s a big price reduction. A large list price cut tends to attract eyeballs, particularly belonging to folks who had already been through on a showing. Continue Reading

Cash Sales Decline in SF Corona Market

Cash Sales Decline in SF Corona Market

Cash buyers appear to be receding into the background these days as the San Francisco market adjusts to corona’s financial fallout.

It wasn’t so long ago that a quarter of single-family home and condo buyers paid cash. However, cash sales represented only 14% of all house and 12% of condo transactions from April to early August. Continue Reading

Challenged Condo Market Still Sees Overbidding

Challenged Condo Market Still Sees Overbidding

It’s no secret that the San Francisco condo market has plenty of inventory right now, especially in large buildings in South Beach, SoMa, and Mission Bay. But I’m still seeing some condos close for above the list price.

Buyers continue to pay top dollar for remodeled condos with classic architectural styles, and which also include parking and in-unit laundry. Location is key, of course. Two-bedroom units in the Inner/Central Richmond, Inner Sunset, Lake district, and Cole/Noe/Eureka Valleys were most commonly sold for over the list price in July. Continue Reading

Will “Ferry Building Gray” Be The Next Color Trend?

Will “Ferry Building Gray” Be The Next Color Trend?

The first section of the Ferry Building has been unveiled, and we can now see the new custom color created specifically for the building, as reported recently by The San Francisco Business Times.

You may have noticed that they’ve been working on the Ferry Building, as it’s going through a two-year restoration project. Hudson Pacific Properties, which owns the Ferry Building, developed the new exterior color with Sherman-Williams and the Port of San Francisco, reports the Business Times. The new color is Ferry Building Gray, and it aims to be closer to the Colusa sandstone that covered the building when it debuted in 1898 (see photo above, by Douglas Fruehling for the Business Times). Continue Reading

Just Sold: 1631A Oakdale

Just Sold: 1631A Oakdale

My client just closed on a stunning, new construction two-level condo in the up-and-coming Bayview. My favorite thing about this home is the fantastic family room with a large deck featuring sweeping views of downtown, the Bay Bridge and Oakland Hills.

Designed by award-winning Studio 12 Architecture, 1631A Oakdale has premium finishes, radiant heating and one-car parking. We were able to negotiate motorcycle parking, as well. The property is located half a block from Third Street Muni rail line to Mission Bay and downtown, as well as the Bayview Opera House. Continue Reading

Happy July 4th!

Happy July 4th!

Best wishes for a safe, fun Independence Day weekend. Remember to practice social distancing, wear your mask and let’s all hope that 2021 will see us back to watching fireworks shows and having backyard barbeques.

I’ll be back next week with more on the San Francisco market.

Contact Eileen for Real Estate Help

Eileen Bermingham

Corcoran Global Living

415.823.4656

eileen@insidesfre.com

DRE# 01352627

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