Here’s an update on today’s mortgage rates from San Francisco mortgage broker Monica Di Perna.

 

Welcome back to the “San Francisco Property Spotlight” brought to you by yours truly.

Today, I’ve got a shameless plug for a great property, as well as some catching up.

Here we go…

My Shameless Plug…

282 St Charles Avenue – This is an ADORABLE single family home built in 1939.  It has one “real bedroom” and one “real bath” plus a bonus room and bath downstairs (think home office or guest room).  There’s a formal dining room and eat-in kitchen to boot.  This charming home has great character and wonderful details such as period molding, hardwood floors and built-in nooks and crannies. There’s a quaint garden perfect for morning coffee or a Sunday afternoon BBQ.  And commuters will think this place is a dream since it’s is just steps to BART and just a few blocks from 280 (yes doesn’t have freeway noise.)  And priced at just $499K it beats the competition hands down.  I can’t see this being on the market for long, so if this sounds like something you’re interested in – HUSTLE!

And a Little Catching Up…

151 Alice B. Toklas Place #708 – Holy Moly!  Someone got a DEAL!  This 1BR 1BA unit with 1229 sq ft was listed at $620,000 got it’s buyer after 30 days on the market. This place was a bank owned fixer without a kitchen and in need of some TLC. Final selling price?  $580K!  Congrats to the lucky buyer.  A similar unit with kitchen sold at $780K earlier this year.  

334 28th Street proved yet again, that at times, I’m just too conservative about price. This top floor 2BR 2BR 1150 sq ft condominium was listed at $1,145,000. At $995.65 a square foot, it seemed like it might have been priced a smidge on the high side, but that’s where it sold – at  $1,145,000.  And I can’t argue with the fact that I’m not the one that determines the price, the market does! 

And as usual, if you have questions about any of these properties, or about the real estate market in general, don’t hesitate to contact me. I love to talk real estate!

Welcome back to Photo Friday – my little way of taking a break from San Francisco Real Estate and instead blogging about our great City’s past instead. All photos are published with permission from the San Francisco History Center and San Francisco Public Library.

It’s been a busy busy week!  And it’s going to be a busy busy weekend!  I’ve been hustling to get several listings ready for market and helping several buyers on deadlines to buy homes in San Francisco.  So being that I need a little break, this week’s Photo Friday post is all about trying to break out of the daily grind have a good time.

Back in 1913, the Barbary Coast had calmed down a bit from it’s earlier days of gambling, prostitution and crime.  But it hadn’t calmed down THAT much:

NEWSCOPY:  “Such goings on! Deah, Deah! Good folks talked about the old Barbary Coast in the same way they do today, and with better reason. This is a busy street scene east of Kearny st., on Pacific, with the sin and gin mills going full blast to make the ‘hot spot of the world’ a bit hotter and more worldly.”

Even if you can’t get your hands on a Schlitz for a nickel, you can get out there and have a good time this weekend.  You can always find something to do in the City!  Be safe and have fun and have a happy Friday!

Here’s the latest Fast Facts update from the SFAR. Updates are provided almost weekly and each week is a different sector of the market (ie. Condos, Single Family Homes, 2-4 unit dwellings, etc.).

Check back next week for more statistics.

Fast Facts

 

 

Ok.  So sometimes we’re number 2.  But hell, according to Curbed SF, Forbes Magazine has rated San Francisco as:

• one of the best places to buy a home
• one of the best places to sell a home
• one of the best cities EVER (at least for young professionals)

Um… like… no duh!  The City is awesome. 

You can’t go wrong buying a home in SF.  As a long term investment, it’s always proved to be solid.  AND it’s just a great place to live.  (Don’t expect to turn around and sell it in a year or two and make a ton of cash.  I did say “long term investment.”)

You can’t go wrong selling a home in SF IF you bought it as a long term investment.  (If you bought in the last two years, try to hold on to it a little longer before selling.  You may very well lose money after factoring in selling costs.)

And if you’re a young professional, “long-term job opportunities, plenty of singles and impressive starting salaries” are just a few othe reasons that makes Forbes fall in love with SF.

Will Forbes’ love affair with the City by the Bay ever end?  How could it.  Even they left their heart here.

· Best Cities To Buy A Home [Forbes]

· Forbes lathers “best city” praise on SF Forbes lathers “best city” praise on SF [Curbed SF]

· The Good News: SF Second Best for Home Sellers [Curbed SF]

The latest market report is here. (You can also view previous market updates by selecting the archives on the upper right portion of the screen).

Most importantly, this report shows that as always, real estate is local.  Some neighborhoods have seen major price drops, some minor drops and even some price increases. 

The best quote from this months’s report? 

“Knowing the median price is interesting, but it is as indicative of the value of your home as knowing the median temperature in America is to predicting the local weather.”

Read on for details.

OK – I know my grammar ain’t great. Yes, the title should read “To Whom Does This Market Belong?” But who talks like that? And besides, I just got back from vacation and have too much work to do to think about silly things like grammar.

And since I’m swamped, I thought I’d throw a little gem from the last version of The City Update (TM) at you.  What’s The City Update (TM), you ask?  Only The Best San Francisco Real Estate Newsletter EVER!  It’s taken a little bit of the best features of all of the other good real estate newsletters out there (common, I’m humble enough to admit there are not only other good agents out there, but even other good newsletters), thrown in a little bit of flavor from yours truly, and is sent out to anyone who is anyone every Friday (except of course when I’m on vacation like I had been the last 2 weeks).  If you want your own, visit The City Update (TM) website, or click on the sign up box on the top right of your screen.  You know you want to!

Anyway – back to the topic at hand.  The debate is always continuing.

San Francisco? Is it a Buyer’s Market or a Seller’s Market?