Tag Archives: fixers

What You Should Know About the SF Fixer Market

What You Should Know About the SF Fixer Market

Driven by high buyer demand for single-family homes, the fixer market is still going gangbusters in San Francisco. The average price for a fixer over the past year was $1,260,000, with many contractor-developers jumping into the game for a quick flip.

There are generally two categories of what you’d call “fixers” in San Francisco real estate. The first is the contractor special—not habitable, needs work on the foundation, roof and everything in between. Then there’s the habitable house with a clunky floor plan and expansion potential that could be transformed into someone’s dream house. Continue Reading

Latest Noe Valley Fixer Sells for 54% Over Asking

Latest Noe Valley Fixer Sells for 54% Over Asking

Many prospective home buyers who made an offer on 350 Jersey (between Noe and Castro) in Noe Valley walked away disappointed this month. The 2BR/1BA, 1400-square foot 1940s-era house on a large, 2,964-square foot lot was listed for $1,295,000 and attracted 17 offers from buyers looking for a “project” house. There were probably some in the mix who could’ve lived with this kitchen and the basic floor plan until they had time and money to renovate:

But as a testament to the continued strength of the San Francisco fixer market, only one buyer was given the opportunity to develop the property in the future. That buyer paid cash, to the tune of $2,000,000.

Get in touch:

Eileen Bermingham

Corcoran Global Living

415.823.4656

eileen@insidesfre.com

DRE# 01352627

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