From our Zephyr Real Estate Market Tracker Newsletter: SFHotlist comments in <> It is known that San Francisco real estate marches to the beat of its own drum. Time and time again, out-of-state Realtors have asked in utter disbelief if it's really true that in San Francisco an asking price is set and then the price is bid UP? That makes no sense, they would protest: When you buy a car, you bargain down; even when you buy a mattress the sale price is usually below asking. So why is … [Read more...]
April 26, 2012 by Leave a Comment
Sunday Streets are Full Swing in San Francisco!
"Sunday Streets are in full swing! If you have yet to happen across one here's the scoop: Sunday Streets is a series of events put on by the City of San Francisco to encourage health, community and fun. In layman's terms? Streets are blocked off to cars on pre-determined Sundays for you and your friends and neighbors to bike, walk, dance, hula-hoop, do the worm, Macarena, moon walk, you name it! Here's a schedule of remaining dates: • May 6: Mission • June 3: Mission • July 1: Mission • … [Read more...]
April 16, 2012 by Leave a Comment
Low Inventory a Boon to Sellers in San Francisco
With the new quarter's statistics coming out it is becoming more and more clear that it's currently a great time to be a seller and once again a more challenging time to be a buyer. Over the past year the average days on market for single family homes, condos and TICs has gone from about 70 days all the way up to 100 days around the holidays and now has come way, way down to an average of just over one month on the market. Most properties are selling FAST! Sellers may want to prepare … [Read more...]
March 28, 2012 by Leave a Comment
Lookin’ Good, San Francisco Real Estate Market!
As you may have overheard in crazed cell phone calls while waiting in line at Whole Foods, or while dishing with friends over coffee – the San Francisco real estate market is back, baby! We're currently seeing a flurry of activity unmatched since the pre-2008 go-go days. Over the last 30 to 60 days there have been countless reports from real estate offices of multiple offers and well-above asking prices in neighborhoods throughout the City. Example: my Pacific Heights condo received 14 … [Read more...]
March 12, 2012 by 1 Comment
Commercial Real Estate Buzz in San Francisco!
"While our focus is residential real estate, we can learn quite a bit about the state of our real estate market and economy in general by watching the commercial real estate market. Here are three big signs things are moving in the right direction: • The plan to convert St. Joseph's Catholic Church at 10th and Howard into 18,260 square feet of office space, 1,300 square feet of retail space, and 2,500 square feet of assembly space cleared another hurdle as it was approved unanimously by the … [Read more...]
February 6, 2012 by 3 Comments
Do You Qualify for an Property Tax Reduction? San Francisco, CA
"As our economy continues to recover and the San Francisco housing market follows suit, many home owners have had success with reducing their San Francisco Property Taxes. "How?", you may ask, given property taxes are based on the last sales price of the property and are rarely adjusted by the city? Here's a quick and dirty explanation: If you own a home and it's your primary residence, you may apply for a $7,000 exemption from your assessed value. New property owners will receive an … [Read more...]
December 13, 2011 by Leave a Comment
Transbay Housing Update – San Francisco, CA
"The San Francisco Redevelopment Agency has awarded Golub and Co. and Mercy Housing the rights to develop 557 units of housing on Folsom Street. This is a deal that will generate upwards of $30 million that will be used for the Transbay Terminal. Transbay Terminal Under WayThe proposal includes 407 units of market rate housing and 150 affordable units. The site lays on Blocks 6 and 7 in the Transbay District on Folsom Street between Beale and Fremont; it is currently owned by the state. … [Read more...]
November 22, 2011 by Leave a Comment
Car-Free? No Problem in San Francisco, CA!
"A recent study conducted by 24/7 Wall Street identified the 10 best cities to live without a car. San francisco made the cut! There were many elements that factored into this decision, including: • Widely available and efficient public transportation system (Are they talking about MUNI?!) • Availability of daily amenities such as groceries, shopping, schools and entertainment easily accessible on foot or by bike (We sure do have a lot of Whole Foods!) • Walkability • Mild weather The … [Read more...]
August 22, 2011 by Leave a Comment
Half-Off $70 Million Penthouse in San Francisco, CA!
"Currently, the most expensive bank-owned residence in the country is in San Francisco. The Museum Tower Penthouse, a.k.a. the St. Regis Penthouse, was once listed for $70 million. It's a 6 bedroom, 6 full bath, 4 half-bath penthouse unit that is well over 20,000 square feet. It's actually the combination of 3 penthouse units, which span 2 floors. This is a unit that was created by a real estate mogul by the name of Victor MacFarlane, and it has never even been lived in..." ...Read this … [Read more...]
May 23, 2011 by Leave a Comment
City-wide, the drop in median sales price for single-family homes from 2005 to 2010 was just under 11% (not bad for the Great Recession)
"Widely read local real estate blog SFCurbed recently posted on the "10 Most Depressing Things . . ."related to the housing market. The early Armageddon that was described included falling home prices, an increase in numbers of homeowners under water and no 'bottom' to the free fall until sometime in 2012, "at the earliest." While I would concur that things could be better, I have to point out that the data cited was from Zillow.com, anything but a local source..." ...Read this article and more … [Read more...]
