Misc Musings from Your San Francisco Realtor, San Francisco Real Estate, San Francisco Real Estate Info for Buyers

Getting Real – Truth in Advertising

1 Comment 12 April 2010

San Francisco Real Estate 2

On this wet and rainy Monday, I thought I’d share a refreshing little listing that put the “real” back in “realtor!” :-)

Real estate agents are known for some serious fluff in our marketing pieces.  We use words like “cozy” when we mean “tiny”.  Or we say it has “potential” when we mean “once you rip out the kitchen, the bathrooms, the wallpaper, and that hideous statue it’ll be exactly what you want.”  

I could go on with the examples, but you get the point.

But for once, I found a little something something that was about as honest as it gets.

The listing agent’s marketing remarks:

Needs everything, not just TLC… but everything! Not to be even concidered unless you are a contractor. Still want to see it? Be prepared to walk lightly because you may fall through the floor. Nice roof just a few years old,at least something is good on the thing.

High five for a nice dose of reality!  :-D

Full details on the bargain priced fixer (Just $350,000) located at 522 Athens in San Francisco can be found by clicking here.

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San Francisco Real Estate Sales Data – January – March 2010

Comments Off 08 April 2010

In case you haven’t noticed, I’ve been a little behind on my blog posts as of late.  I’m a San Francisco Realtor first, and a blogger second.  So priority has been taking care of my buyers and sellers.  But there’s a teensy calm in the storm (the kind where the forecast is still calling for rain, but you peek outside and see a rainbow knowing that by the time you take off your galoshes, the rain will be back!) 

So since I’ve been behind in getting you the data you so desperately crave, here’s three months of it all at once.  Hopefully, it’ll be enough to make ammends.  And if not, I promise I’ll be around more often for you all.   

So here’s this wuarter’s summary of home sales pulled directly from the MLS. Remember, these are all closed sales and not pending sales.

Check back monthly to get the latest facts and figures – and if you have any questions about these statistics, or the market in general, feel free to give me a holler! I’m always happy to talk “real estate!” ;-)

Here’s a quick snapshot of the market from January 1 through March 30, 2010:

JANUARY

Single Family Homes

  • 119 Homes Sold
  • Median Sale Price was $718,000
  • Minimum Sale Price was $150,000
  • Maximum Sale Price was $6,500,000
  • Median Selling Price was 103% of asking price
  • Median Days on Market was 61
  • Median Selling Price for homes that sold within 30 days was 103.5% of asking price

Condominiums, Lofts & Co-ops

  • 93 Homes Sold
  • Median Sale Price was $620,000
  • Minimum Sale Price was $208,700
  • Maximum Sale Price was $1,750,000
  • Median Selling Price was 99% of asking price
  • Median Days on Market was 72
  • Median Selling Price for homes that sold within 30 days was 99% of asking price

TIC’s

  • 22 Homes Sold
  • Median Sale Price was $584,000
  • Minimum Sale Price was $330,000
  • Maximum Sale Price was $895,000
  • Median Selling Price was 101% of asking price
  • Median Days on Market was 108
  • Median Selling Price for homes that sold within 30 days was 100% of asking price

 

FEBRUARY

Single Family Homes

  • 120 Homes Sold
  • Median Sale Price was $701,250
  • Minimum Sale Price was $200,000
  • Maximum Sale Price was $3,362,500
  • Median Selling Price was 101% of asking price
  • Median Days on Market was 33
  • Median Selling Price for homes that sold within 30 days was 104% of asking price

Condominiums, Lofts & Co-ops

  • 120 Homes Sold
  • Median Sale Price was $660,000
  • Minimum Sale Price was $115,000
  • Maximum Sale Price was $4,100,000
  • Median Selling Price was 97% of asking price
  • Median Days on Market was 54
  • Median Selling Price for homes that sold within 30 days was 100% of asking price

TIC’s

  • 23 Homes Sold
  • Median Sale Price was $549,000
  • Minimum Sale Price was $250,000
  • Maximum Sale Price was $870,000
  • Median Selling Price was 102% of asking price
  • Median Days on Market was 104
  • Median Selling Price for homes that sold within 30 days was 97% of asking price

 

MARCH

Single Family Homes

  • 210 Homes Sold
  • Median Sale Price was $790,000
  • Minimum Sale Price was $130,000
  • Maximum Sale Price was $13,500,000
  • Median Selling Price was 100% of asking price
  • Median Days on Market was 31
  • Median Selling Price for homes that sold within 30 days was 103% of asking price

Condominiums, Lofts & Co-ops

  • 182 Homes Sold
  • Median Sale Price was $683,500
  • Minimum Sale Price was $235,000
  • Maximum Sale Price was $2,450,000
  • Median Selling Price was 101% of asking price
  • Median Days on Market was 40
  • Median Selling Price for homes that sold within 30 days was 99% of asking price

TIC’s

  • 22 Homes Sold
  • Median Sale Price was $560,000
  • Minimum Sale Price was $370,000
  • Maximum Sale Price was $980,000
  • Median Selling Price was 99% of asking price
  • Median Days on Market was 53
  • Median Selling Price for homes that sold within 30 days was 101% of asking price

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First Time San Francisco Homebuyers? HGTV wants YOU!

Comments Off 07 April 2010

 

I guess I’ve always sorta wanted to be on TV. 

I’m not very photogenic – I always get caught with expressions that look like I’m smelling something rotten, or in some ridiculous shot where I am devouring piles of snow, or where I look like I’m actually taking a nap. 

But I figured that as long as the camera keeps rolling, maybe those expressions won’t get frozen in time – unless someone pauses the screen on their DVR, in which case, well… you can’t win them all.

Now, I’ve been talking to the casting folks over at HGTV’s show “My First Place” and they are ready and willing to work with my first time home buyers clients.  :-)

So, if you’re ever wanted to be on TV like me, and aren’t afraid of your expressions being frozen on someone’s paused DVR, then read the details from the HGTV folks.   And if you want to have your homebuying experience taped (and get a nice little housewarming gift at the end to boot) shoot me an email and I’ll get you hooked up with an application!

BUYING YOUR FIRST PLACE?
Then HGTV is looking for you!

MY FIRST PLACE, HGTV’s hit series, is coming back for an eighth season and we’re looking for first-time homebuyers (and their agents!) in the Greater San Francisco area RIGHT NOW!

We are looking for fun, high-energy people who are just starting the home-buying process for their first place and would like to share their story with HGTV! Our goal is to capture all the trials and tribulations of looking for, bidding on and buying your first place.

Taping takes place this spring and summer.  Ideal candidates will be enthusiastic buyers with a great story to tell and a desire to share their experiences. Singles, couples and families are all invited to apply!

Candidates who complete taping will receive a surprise housewarming gift as part of the show and also a DVD copy of their episode to document their first home buying experience for all time!

Here is the links to apply from the HGTV and High Noon websites:

High Noon  

HGTV

Oh, and don’t forget to select your favorite Realtor to join you! :-)

San Francisco Mortgage & Financing Info, San Francisco Real Estate, San Francisco Real Estate Info for Buyers, San Francisco Real Estate Info for Sellers

$18,000 in Free Money for San Francisco Home Buyers

Comments Off 06 April 2010

You read that right!  First time home buyers that get into contract before May 1st and close between May 1st and June 30th get a big fat tax credit! 

I could rehash the details, or I could give you the skippy straight from the horse’s mouth (and by horse, I mean the San Francisco Association of Realtors.)  You’re getting the latter:

$18,000 in Combined Home Buyer Tax Credits for a Limited Time

Californians have a brief window of opportunity to receive up to $18,000 in combined federal and State home buyer tax credits. To take advantage of both tax credits, a first-time home buyer must enter into a purchase contract for a principal residence before May 1, 2010, and close escrow between May 1, 2010 and June 30, 2010, inclusive. Buyers who are not first-time home buyers may use the same timeframes to receive up to $16,500 in combined tax credits if they are long-time residents of their existing homes as permitted under federal law, and they purchase properties that have never been previously occupied as provided under California law.

Under the federal law slated to soon expire, a first-time home buyer may receive up to $8,000 in tax credits, and a long-time resident may receive up to $6,500, for certain purchase contracts entered into by April 30, 2010 that close escrow by June 30, 2010. Additionally, under a newly enacted California law, a home buyer may receive up to $10,000 in tax credits as a first-time home buyer or buyer of a property that has never been occupied. The new California law applies to certain purchases that close escrow on or after May 1, 2010 (See Cal. Rev. & Tax Code section 17059.1(a)(4)). California law generally allows buyers of never-occupied properties to reserve their credits before closing escrow, but buyers seeking to combine the federal and state tax credits will not be able to satisfy the timing requirements for such reservations (see Cal. Rev. & Tax Code section 17059.1(c)(1)(A)). Other terms and restrictions apply to both tax credits.

For more information, CAR has prepared a Home Buyer Tax Credit Chart with a side-by-side summary of the federal and California laws. The State Association also has prepared a legal article entitled Home Buyer Tax Credit Update which might be of interest 

So, while I wouldn’t suggest running out and buying a home if you weren’t planning on doing it already, if you are already on the fence, $18,000 in dollar bills in one hand might be enough to tip you to the homebuying side.  :-)

San Francisco Property Profile, San Francisco Real Estate, San Francisco Real Estate Info for Buyers

A San Francisco Studio Condo for $220,873!

Comments Off 06 April 2010

Some of you may have heard about the San Francisco’s Below Market Rate Housing Program.  It allows would-be homebuyers with income that is somewhat restricted to actually buy a home of their own. 

The purchase price and resale price of these units is restricted by the City, so you’re not going to earn as much appreciation as you would in a a market value unit, but you ARE able to purchase something when otherwise, you might not be able to do so AND you are paying yourself instead of a landlord.

The studio condo in the picture is ready and waiting for a new buyer for the bargain price of $220,873!

Only 1 occupant is allowed to live in the unit and the income MAXIMUM is $67,750.  For more pictures and more details on the unit, visit the public link on the SF MLS.

But the listing agent does a pretty good job of describing the condo on her blog:

Built in 1906, the stunning brick and limestone facade reminded me of the timeless beauty of the historic brick buildings that I grew up with back east.   

The building’s interior has elegant original details interspersed with stylish modern murals.  For relatively low HOA fees, residents enjoy a rooftop deck and a gym in addition to other common meeting spaces and laundry facilities.

Inside the studio, the light from a large, street-facing window gleams off of beautiful hardwood floors and a modern stainless steel countertop.  Although small, the studio is smartly designed with space-maximizing storage solutions. 

The best features of this condo are the location and the price.  Busy professionals and students will appreciate how close the building is to all major forms of transportation that will quickly take them anywhere in San Francisco and allow them easy access to the East Bay, Peninsula and the South Bay.  Additionally, there are several spacious common areas that allow a party to continue when the last guest has nowhere else to stand but in the bathroom.

So if you’re in the market for something small, but efficient and your income doesn’t exceed $67,750 – this might be the home for you!

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1896 San Francisco Firehouse For Sale!!! (And a Tour Business and Memorabilia to Boot!)

2 Comments 08 February 2010

**UPDATE** 

We’ve determined pricing for the Firehouse and the Tour Business!!!! 

The Firehouse is $975,000

The Tour Business is $249,000

And if you are interested in grabbing the torch and taking over the complete lifestyle, then make a reasonable offer for both!!!  For once, the sellers are not JUST interested in the price (though money DOES talk), but more than anything, they would really love to see someone carry on the legacy they created.  And frankly, I’d like to see the dream kept alive as well! 

(And ideally, I’d like to reserve the right to slide down the firepole from time to time, but that’s not a deal breaker. ;-) )

I’m giving you a fair warning – this video is addictive, amazing and has a jingle you may not be able to get out of your head for days!!!  It is NOT your typical property listing video.  TRUST me. 

And thanks to the video, I’ve been singing the “The Big Shiny Mack Truck Fire Engine!” for DAYS now!  I haven’t had anyone complain yet, and may have been the cause of people all over San Francisco singing that jingle now too! :-D

But the video and the song are just bonuses…. along with the song, you get over 4000 square feet where you can whirl around the firehouse :-) which, to my knowledge, is one of the last San Francisco firehouses (if not THE last one) that has still maintained it’s historical integrity. 

The couple that owned it lovingly restored it (a before & after pic are below), and fell so much in love with the place and the lifestyle that they added a “Big Shiny Mack Truck Fire Engine” to their collection and used it to create a profitable tour business that had made kids (of all ages) from ALL over the world smile!!! 

But as many stories go, it’s time for the current owners to move on.  Which means you can pick up this HOT (badumpum) piece of real estate for yourself.  :-)  As a fellow colleague joked, it would make an especially “HOT” Valentine’s present. LOL!

Though the price is still not yet determined, numbers are being crunched and the list price will be announced in the next few weeks.  The building, business and historic collection will all be for sale – together, or separately. 

In the meantime, email me at luba@zephyrsf.com or call me at 415-307-1392 for more information. 

 

 

           

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2009 San Francisco Sales Data

Comments Off 31 January 2010

I run this report every month, but this time, I thought I’d let you look at the WHOLE year ALL at once!

So here’s 2009’s summary of home sales pulled directly from the MLS. Remember, these are all closed sales and not pending sales.  (And also remember that very few sales from new developments ever end up on the MLS.) 

Check back monthly to get the latest facts and figures – and if you have any questions about these statistics, or the market in general, feel free to give me a holler! I’m always happy to talk “real estate!” ;-)

Here’s a quick snapshot of the market from January 1, 2009 through December 31, 2009:

Single Family Homes

  • 2160 Homes Sold
  • Median Sale Price was $748,000
  • Minimum Sale Price was $115,000
  • Maximum Sale Price was $14,000,000
  • Median Selling Price was 99.5% of asking price
  • Median Days on Market was 42
  • Median Selling Price for homes that sold within 30 days was 102.5% of asking price

Condominiums, Lofts & Co-ops

  • 1726 Homes Sold
  • Median Sale Price was $670,000
  • Minimum Sale Price was $115,000
  • Maximum Sale Price was $7,250,000
  • Median Selling Price was 96.5% of asking price
  • Median Days on Market was 61
  • Median Selling Price for homes that sold within 30 days was 98.5% of asking price

TIC’s

  • 406 Homes Sold
  • Median Sale Price was $540,000
  • Minimum Sale Price was $225,000
  • Maximum Sale Price was $2,396,000
  • Median Selling Price was 98% of asking price
  • Median Days on Market was 70
  • Median Selling Price for homes that sold within 30 days was 99.5% of asking price

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San Francisco Real Estate Sales Data – December 2009

Comments Off 30 January 2010

As I do every month, I ran the latest San Francisco real estate sales figures from the month of December for you.  Obviously, I’m a little late, since it’s almost February, but as they say, better late than never, right? ;-) 

This month, single family sales volume increased.  Median price dipped and days on market increased (not a surprise with lenders dragging their feet at every corner.)  Condos increased in volume by a smidge and median price increased by a smidge too.  and days on market increased (same as single family homes.)  And TIC sales almost doubled from the month before -a BIG surprise since TIC interest rates aren’t usually very desirable and these days, rates on condos and single family homes ARE awesome.  Without some sort of incentive from a seller, TIC’s just aren’t on everyone’s “to buy” list these days. 

So here’s this month’s summary of home sales pulled directly from the MLS. Remember, these are all closed sales and not pending sales.

Check back monthly to get the latest facts and figures – and if you have any questions about these statistics, or the market in general, feel free to give me a holler! I’m always happy to talk “real estate!” ;-)

Here’s a quick snapshot of the market from Deccember 1, 2009 through December 31, 2009:

Single Family Homes

  • 200 Homes Sold
  • Median Sale Price was $757,609
  • Minimum Sale Price was $169,000
  • Maximum Sale Price was $14,000,000
  • Median Selling Price was 99% of asking price
  • Median Days on Market was 53
  • Median Selling Price for homes that sold within 30 days was 104% of asking price

Condominiums, Lofts & Co-ops

  • 181 Homes Sold
  • Median Sale Price was $680,000
  • Minimum Sale Price was $212,900
  • Maximum Sale Price was $3,375,000
  • Median Selling Price was 97% of asking price
  • Median Days on Market was 70
  • Median Selling Price for homes that sold within 30 days was 98.4% of asking price

TIC’s

  • 55 Homes Sold
  • Median Sale Price was $587,000
  • Minimum Sale Price was $340,000
  • Maximum Sale Price was $1,635,000
  • Median Selling Price was 98% of asking price
  • Median Days on Market was 72
  • Median Selling Price for homes that sold within 30 days was 101.5% of asking price

San Francisco Local Resources, San Francisco Neighborhoods, San Francisco Real Estate, San Francisco Real Estate Fast Facts, San Francisco Real Estate Info for Buyers, San Francisco Real Estate Info for Sellers, San Francisco Real Estate Market Conditions, San Francisco Real Estate Resources

30 Days of Sold San Francisco Real Estate

Comments Off 29 January 2010

San Francisco real estate

Want to know know what sold in San Francisco in the last 30 days? Sign up for The City Update(TM) – San Francisco’s Friendliest Newsletter. You’ll get the details, and then some, in your inbox (almost) every Friday.

If you just want the round numbers, you can check them out below.

Sold Listings 12/25/09 – 1/28/10

Neighborhood Total Listings Average Price Average DOM
Anza Vista 1 $1,220,000 75
Bayview 6 $483,333 98
Bayview Heights 8 $403,161 29
Bernal Heights 9 $669,889 62
Buena Vista Park 1 $1,099,000 64
Central Richmond 2 $867,500 131
Central Sunset 5 $783,200 87
Central Waterfront 2 $630,000 216
Clarendon Heights 1 $1,148,000 95
Corona Heights 3 $598,333 130
Cow Hollow 1 $1,170,000 2
Crocker Amazon 6 $415,250 28
Diamond Heights 3 $522,000 69
Downtown 7 $686,571 89
Duboce Triangle 3 $478,222 35
Eureka V./Dolores Hts 7 $1,048,857 75
Excelsior 5 $545,000 71
Financial District 1 $1,025,000 151
Forest Hill Extension 1 $1,000,000 26
Forest Knolls 2 $731,250 82
Glen Park 4 $896,250 223
Golden Gate Heights 1 $1,150,000 101
Haight Ashbury 3 $1,361,667 71
Hayes Valley 2 $912,500 78
Ingleside 2 $692,500 34
Ingleside Heights 6 $438,333 41
Ingleside Terrace 1 $1,020,000 102
Inner Mission 14 $670,893 102
Inner Parkside 1 $900,000 129
Inner Richmond 6 $1,045,333 121
Inner Sunset 5 $873,000 56
Lake 6 $926,667 97
Lake Shore 5 $820,400 96
Lakeside 2 $799,444 85
Lone Mountain 2 $1,645,000 124
Lower Pacific Heights 6 $888,667 52
Marina 5 $2,457,800 91
Merced Heights 1 $615,000 62
Merced Manor 1 $775,000 90
Miraloma Park 2 $725,000 27
Mission Bay 4 $732,250 50
Mission Dolores 2 $717,500 68
Mission Terrace 2 $655,000 189
Monterey Heights 1 $2,400,000 83
Mount Davidson Manor 1 $767,000 35
Nob Hill 7 $871,429 114
Noe Valley 9 $1,081,722 159
North Beach 1 $775,000 79
North Panhandle 3 $549,567 67
North Waterfront 2 $480,500 127
Oceanview 1 $425,000 7
Outer Mission 3 $485,933 19
Outer Parkside 4 $612,000 57
Outer Richmond 3 $651,333 151
Outer Sunset 1 $560,000 11
Pacific Heights 7 $2,959,571 70
Parkside 4 $778,750 48
Pine Lake Park 1 $899,000 35
Portola 5 $613,778 25
Potrero Hill 5 $590,300 180
Presidio Heights 2 $1,156,500 102
Russian Hill 7 $1,303,714 92
Sea Cliff 2 $3,625,000 176
Sherwood Forest 3 $1,340,333 109
Silver Terrace 2 $459,500 21
South Beach 9 $639,722 84
South of Market 15 $694,267 77
St. Francis Wood 2 $1,765,000 127
Sunnyside 3 $663,333 39
Telegraph Hill 1 $842,000 78
Tenderloin 1 $2,600,000 198
Twin Peaks 2 $3,207,500 136
Van Ness/Civic Center 5 $679,600 148
Visitacion Valley 6 $467,000 19
West Portal 4 $894,938 67
Western Addition 1 $400,000 35
Westwood Highlands 1 $674,500 150
Westwood Park 3 $724,333 51

Misc Musings from Your San Francisco Realtor, San Francisco History, San Francisco Local Resources, San Francisco Neighborhoods, San Francisco Real Estate

San Francisco’s Ocean Beach – 107 Years Ago! (Plus Info on a Beach Clean-up!)

Comments Off 28 January 2010

Cliff House & Ocean Beach Panorama, 1903 from Richmond SF Blog on Vimeo.

I’ve got my FOURTH cold of the year.  Yeah.  I’m thinking of buying stock in Nyquil. 

But in between blowing my nose and wiping the water pouring from my eyes, the one thing that is keeping me sane is being able to work from home while I watch the ocean from my window (which you can coincidentally do too if you buy my listings at 2458-2460 Great Highway - and as a bonus, you’ll be my neighbor! ;-) )

I also happened to find some cool videofootage from the Richmond SF Blog of Ocean Beach back in the days when appropriate beach apparel was a 3 piece suite instead of a wetsuit. 

Since I love San Francisco history, and I LOVE Ocean Beach, I thought I’d share the video here. :-)

And a fat “high-five” the Richmond SF Blog folks for finding this awesome footage!  Keep it coming!!!

Oh, and coincidentally, there’s a clean-up scheduled at Ocean Beach on January 31st at 9am.  From the invite:

Starting at Lincoln Blvd. and moving south, we will pick up the trash that has been deposited by the recent large storm swells on the beach. There is ALOT of very small plastic and styrofoam that is VERY hazardous to the environment and animal life on la playa. Please join us; bags and gloves will be provided.

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About the Blog


Luba’s San Francisco Real Estate Blog was created to share insights about San Francisco Real Estate and about San Francisco living. Written by Luba Muzichenko, an "almost-native" San Franciscan and a local Realtor® with Zephyr Real Estate, Luba’s San Francisco Real Estate Blog is meant to inform you about a variety of good things and happenings around SF and its unique neighborhoods, about buying and selling homes in the City and about the real estate market in general. If you like what you see, please tell a friend.

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Contact Me

Luba Muzichenko
REALTOR®
Top Producer
Certified Residential Specialist®
e-Pro®
Zephyr Real Estate
415-307-1392 (cell)
luba@zephyrsf.com
www.LubaSF.com
DRE License #01768716
Top Agent Network 

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