Less than a year after former Mayor Newsom sold his 4BR/3.5BA Ashbury Heights home at 1581 Masonic in an all-cash transaction for $2,750,000, the property is again up for sale.
San Francisco, CA – June 4, 2012 – Zephyr Real Estate continues its advance as the leader in cutting-edge marketing and technology with the launch of its new online agent resource center. This internal information repository is home to updates in sales, marketing, technology, real estate and tenant law, company news, and market trends. Agents are afforded a quick, effective and proficient means of managing clients, media, properties and information.
The tenancy-in-common (TIC) market in San Francisco may not be the
busiest it’s ever been. After all, condo prices have fallen since the
2005-2008 market heights, and most buyers would prefer to own their own
unit (vs an interest in a building, with fellow owners all on the same
title).But the TIC market is certainly not dead. A total of 120 TIC
interests have sold year to date, at an average of $598,422.
The holiday weekend is behind us, and that means many buyers will be either entering the home buying market, or may already be out there looking for their next home. If there's one key piece of advice I can give to all of you, it's that you should get fully preapproved for a loan before you start seriously searching for a property. Of course, it's a good idea to get your feet wet and go to some open houses to get a sense for pricing and value. But before you start making appointments to
Many homeowners who attempted to sell property in the 2009-2010 timeframe
weren’t successful. The MLS is littered with property histories showing
withdrawn or expired listings across those two years. This activity was mainly
due to the fact that buyers were sitting out the market and economy, loans were
a challenge to obtain, and sellers generally were looking for more money than
their homes were worth.
But the variables have certainly shifted this year in San Francisco. Cash
San Francisco, CA – May 7, 2012 – One of San
Francisco’s historic Painted Ladies has just been listed on the market. The
First Lady is now available for the first time in nearly 20 years. The iconic
home at 710 Steiner Street last sold in 1993 for $575,000. To mark the
occasion, Bonnie Spindler, Zephyr’s Victorian Specialist, is hosting a
champagne reception on Monday, May 14, from 5:30 to 7 p.m.
Buyers and Realtors have been complaining about the lack of residential
inventory in San Francisco since earlier this year. Indeed, it seems like buyers
are fully engaged in our single-family home, condo and multi-unit offerings and
have hit the market looking for property all at the same time. That means that
for every cool house in a central location, there are 10-15 sets of buyers
waiting to pounce.
Despite most San Francisco buyers' firm proclamation at the outset of their
house hunt that they won't pay for someone else's renovation, many are doing
just that. One trend that doesn't appear to be slowing is that of buyers
snatching up fully renovated single-family homes---and paying dearly for them,
even if the homes are not in prime locations within a given neighborhood.
(Because not everyone can afford a newly renovated home in the heart of Noe
I was running home on Monday morning after dropping my car off for servicing in SoMa. My route home brought me through the Mission, and I suddenly found myself reflecting on how much things have changed there since I first moved to San Francisco in the late '90s.Back then, I remember picking up my personal trainer to go to Crunch on Van Ness at 6:00am. She lived on San Carlos and 19th, and though she was willing to take public transportation to meet me at the gym in the early morning,
I took a tour of the new 36-unit development at <a href="http://www.299valencia.com/">299 Valencia </a>in the Mission yesterday. The units are built out, but many aren't quite finished and construction continues. However, it was easy to get a sense for the space, outlooks and overall potential appeal of the project.First, the lay of the land: 299 Valencia has one- and two-bedroom condos with a variety of floor plans. The