Tag Archives: estates

Top 40 San Francisco Deals for 2009

Reside has just put together its Top 40 San Francisco transactions for the year. The list features the most opulent sales above $4M throughout the city.

My favorites: 300 Sea Cliff Avenue for $18M (rumored to have been purchased by everyone from Tom Cruise to Larry Ellison); 2510 Jackson for $11.5M; and 2430 Broadway for $9M.

A lot of real estate crystal ball holders are anticipating a much stronger 2010 for the luxury market.

SF Estate Homes Chop Prices

The high-end housing market in San Francisco is seeing plenty of sellers hoping for holiday gifts in the form of a purchase contract. To that end, sellers are conceding a bit on their original prices. Between October and the first week in December, a total of 59 homes above the $1.5M price point saw price reductions in their list prices.

On the condo front, 35 units originally priced at $1.5M or above have seen prices drop since October. (This data is courtesy of my Pacific Union Estates division statistics, discussed during our twice monthly Estates meetings.)

This is really a rather startling amount of price reductions. Heads up: December is the time to take advantage of the market and interest rates. Particularly if you are looking for an estate home in San Francisco, the stars are aligned for you to get a good deal.

No Shortage of Estate Homes in Noe Valley

When I was first selling real estate seven years ago, I remember looking at my Tuesday broker tour lineup, and noticing that there was actually a house listed at close to $1M. This was a pretty high price for my neighborhood.

It hit me today that there’s now a collection of 15 single-family homes currently available for $1.8M+, and one condo for $1,895,000. At the top end of the lineup is 3816 22nd, the renovated firehouse listed at $5,975,000, but the bulk are between $2,450,000-3M.

On the “solds” front, three single-family homes have sold since September 1st at $1.8M or above. The most expensive was 625 Duncan, a 5BR/5.5BA home that closed escrow on November 7th for $5,818,000 in an all-cash transaction.

Contact Eileen for Real Estate Help

Eileen Bermingham

Corcoran Global Living



DRE# 01352627

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