Archive for December, 2009
Although it has been a difficult year for residential housing markets nationwide, San Francisco has fared better. The market’s inherent high barriers to entry, combined with the city’s limited exposure to exotic mortgage abuse during the most recent housing cycle have helped protect it from the initial wave of home price corrections, according to the latest Market Focus report, published jointly by Rosen Consulting Group and the San Francisco Association of REALTORS®.
The report indicates that in recent months, the San Francisco housing market has shown increasing price stability, particularly at the low-end of the market, while for-sale inventory levels have declined significantly and at a much faster rate in comparison to other parts of the country.Continue Reading...
December 2009 Newsletter: Real Estate in San Francisco
It has been an interesting year in real estate, and it continues to be a very interesting time for home buyers and sellers in San Francisco. Below are a number of charts which review the city’s market from a variety of angles.
The data below is from sources deemed reliable but may contain errors or omissions, and is not warranted. Sales not reported to MLS (such as many new-development condo sales) are not reflected in these statistics.Continue Reading...
$1,450,000 // Lower Pac. Heights // Pine St Brief Description: 2 Victorian flats (1-3 & 1-4 br.) Flats Upper: 3-br.1.5 ba. Lower: 2-story 4-br.1.5 ba. s/s parking.
$985,000 // Outer Richmond // 35th Ave Brief Description: 2 units Edwardian flats in original, but very good condition. 2+ FIRST OPEN house will be next Sunday, Dec. 13th. Brokers Tour, Tuesday, Dec. 15th, 11-12:30.
$749,000 // Corona Heights // Market St #204 BR/BA: 2/2 PKG: 1 Brief Description: View condo with southern facing light and views of Twin Peaks. Larger than normal indep garage parking. Commoin laundry and roof deck. New carpet, paint…will be ready move-in ready. Coming on market around Dec 22nd.
$585,000 // Outer Parkside // Wawona Street BR/BA: 3/2 PKG: 2 Brief Description: Wonderful beach condo with Pacific Ocean views. Take a stroll at Ft. Funston, Ocean Beach or go on a safari at the SF Zoo.Continue Reading...
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|Sales Price to Original List Price Percentage
This chart shows the average percentage of original asking price achieved upon sale when acting as listing agent. It is a truism that if the property is priced, prepared and marketed well, and the purchase contract is negotiated effectively, it will sell quickly at its highest possible price. When even a half percentage point in sales price equals thousands of dollars, Paragon agents average 5.6% above the city’s average sales-price-to-original-list-price percentage. On a $500,000 home, 5.6% equals $28,000; on a million dollar home, it equals $56,000. In this analysis, the home sales assessed are capped at $3,000,000, because at the higher end, most sales prices are confidential, which distorts the statistics.
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This chart shows the average number of days it takes the listing agent to secure an offer acceptable to the seller on transactions which then proceed to a successful close of escrow. Again, if a property is priced, prepared and marketed effectively, typically buyers feel a sense of urgency to act quickly — with strong, clean offers. Paragon’s average days-on-market figure as listing agent is 4 weeks below the city average. Price the property right; prepare it to show in its best possible light; market it comprehensively; sell it quicker; sell it for more money.
November 27, 2009
Seeing San Francisco From a Different Angle
By NAN K. CHASE
SAN FRANCISCO — As fires raged downtown after the 1906 earthquake, residents of this city fled to two nearby districts to the south, Bernal Heights and Glen Park. Though part of San Francisco, both areas looked more like countryside then, with open ranchland, vineyards and orchards, dirt roads and wetlands, and a few houses. The windswept peaks above Glen Park were called Little Switzerland.
Many of the earthquake refugees wound up settling there,Continue Reading...