Living415

San Francisco Real Estate Market Update: May 2018

April’s single family homes market in San Francisco was more of the same so far in 2018: fewer new listings and sales, and rising interest rates and sold prices. The rolling three-month median sold price for homes was up 25% over the same period last year. Condo/loft/TIC prices are also up, by 4.8%, outpacing the 3.6% Consumer Price Index rise for San Francisco.

Interest rates currently stand at approximately 4.5%, a 0.5% increase since December. So far, higher rates do not appear to have had a big impact on the market.

Single Family Homes:
The three-month rolling average median sales price of $1,679,167 is up 25% over last year’s.

Year-to-date, new listings are down 6.6% while sales are up 02.2%.

April’s inventory of 1.6 months is 30% lower than in 2017.

78% of homes sold over their list price and the median percent of list price received was 118% in April.

Condo/Loft/TIC’s:
The three-month rolling average median sales price of $1,195,167 is up 4.8% over last year’s.

Year-to-date, new listings are down 1.9% while sales were up 9.8%.

April’s inventory of 1.9 months is 30% lower than in 2017.

70% of homes sold over their list price and the median percent of list price received was 106% in April.

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San Francisco Real Estate Market Update: April 2018

In spite of very rainy, wet weather, San Francisco buyers were buying in March, both single family homes and condominiums. The median sold price for homes eased off just a bit, from $1,700,000 to $1,687,500, while condos jumped from $1,094,000 to $1,250,000.

Likewise, the median sold price per square foot for a single family home eased off February’s record high and it was the condominium median sold price per square foot that hit a new high – $1,145.

Single Family Homes:
The three-month rolling average median sales price of $1,572,500 is up 21% over last year’s.

Year-to-date, new listings are down 11% while sales are up 0.26%.

March’s inventory of 1.5 months is 28% lower than in 2017.

79% of homes sold over their list price and the median percent of list price received was 117% in March.

Condo/Loft/TIC’s:
The three-month rolling average median sales price of $1,131,333 is up 2.2% over last year’s.

Year-to-date, new listings are down 6.9% while sales were up 4.8%.

March’s inventory of 1.9 months is 30% lower than in 2017.

59% of homes sold over their list price and the median percent of list price received was 102% in March.

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SOLD: 342 Point Lobos


Sold for $1,400,000
Seller Represented

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10 Perfect Mother’s Day Hikes

SF Parks alliance just tweeted about this great list of walks in our cities parks. I can’t wait to try them out!

1. Moraga Tiled Steps to Grand View Park

 
(Photo by Duncan Calvert)

This secluded Sunset district gem takes you up 163 stunning mosaic tiled steps from 16th Avenue to Grand View Park, created by over 300 community members in 2005. Upon arrival to the top, you’re rewarded with a view of the last strip of Sunset houses on the beach to the west, Mt. Diablo to the east, and Mt. Tam to the north – Karl (the Fog) permitting. Find hike >

Distance: 1/2 mile loop

2. McLaren Park’s Philosopher’s Trail Loop

 
(photo by EJB)

San Francisco’s second largest park has been experiencing a renaissance over the past few years, resulting in spectacular activities and trails like Philosopher’s Way – born 2013. This trail loops you around the perimeter of the park, leading you through beautiful vistas of the Bay, eucalyptus and cypress groves, and sunny meadows. Dog friendly! Find hike >

Distance: 2.7 miles

3. Filbert Steps


(Photo by Stephan Ango)

Ground zero for the wonderfully eclectic Parrots of Telegraph Hill, this steep stroll offers amazing views with a great cardio workout! On your way up to Coit Tower, find lush gardens in nooks and crannies along the way, see the Humphrey Bogart cutout on the art deco Malloch Building, and take in the rest of the stunning views. And keep an eye out for the parrots! Find hike >

Distance Steps: 1/5 mile loop

4. Creeks to Peaks: Glen Canyon Park to Twin Peaks Summit


(Photo by Hira Zahir)

These two park treasures were recently connected by an extended green beltway to create one of the best urban hiking experiences in SF! As you make your way through Glen Canyon Park keep an eye out for Redhawks, owls, banana slugs, as well as the the only publicly accessible creek in San Francisco. Once you reach Twin Peaks summit, take in one of the most rewarding views in the Bay! Find hike >

Distance: 1.8 miles

5. Lands End


(Photo by Inna Markosvka)

An old time San Francisco favorite. Check out Sutro Baths, the infamous rock labyrinth, and 1.5 miles of Golden Gate Bridge views. After the hike, head up to Legion of Honor or continue onward to Ocean Beach!Find hike > 

Distance: 3.5 mile loop

6. Heron’s Head Hike


(Photo Hannah Russel-Goodson)

The beauty of the Blue Greenway (13 miles of forthcoming parkway from Candlestick Point to AT&T Park) is at its best at Heron’s Head Park. This short and sweet trail on the southeastern waterfront offers a bay front experience perfect for observing the more than 100 species of birds in the area. The site is also home to the EcoCenter, an environmental education center. Find hike >

Distance: 1.5 mile loop

7. Bernal Hill


(Photo by Dakota Dorn)

One of the biggest off-leash areas in San Francisco, Bernal Hill includes a 360 panorama view of the city, great for sight seeing the Golden Gate Bridge, downtown, the San Bruno Mountains, and watching Twin Peaks succumb to the afternoon fog. Don’t forget to check out the new swing atop the summit! Find hike >

Distance: 1 mile loop

8. Mt. Sutro Loop


(Photo by Dennis Belogorsky)

Hard work from our park partner Sutro Stewards has revived this glorious San Francisco forest, with multiple trails that take you up and around the Eucalyptus mountain. Hear over 45 species of bird chirping, pass the spring wildflowers, and find the unique wood sculptures along the way. On a foggy day you can walk through the clouds. Find hike >

Distance: 2 mile loop

9. Batteries to Bluffs


(Photo by Ray Bouknight)

A go-to hike for those new to San Francisco, this Presidio bayside hike offers unrivaled views with plenty of history along the way. As you stroll up and down the stairs on the the edge of the Pacific, stop by Baker and Marshall’s Beach, learn about the abandoned gun batteries, and take in an up close and personal view of the Golden Gate Bridge and the Marin Headlands. Find hike >

Distance: 2.3 mile loop

10. Mission Creek Trails


(Photo by Jes Muse)

This peaceful stroll is a gem on the north side of the Blue Greenway and is sure to receive more traffic with the forthcoming Warriors Arena. Find the fun boathouses and paddle boarders as you hike along the hidden creekside paths. Find hike >

Distance: 1 mile

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SOLD: 28 Yukon St

Offered at $ 1,049,000
Sold for $ 1,501,000
Buyer Represented

 

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Yes on Prop G on June 5!!

Anyone who’s talked to me for very long knows I’m a huge fan of SFUSD’s public school and it’s teachers. I think that the strength in our city comes from many different factors and that having great schools is an important part of that. I don’t tell you to move to Marin or send your kids to private school as so many of my colleagues do. I say, learn about our complex school district and all it’s options and celebrate the opportunities available.
 
But we do have a big problem with teacher retention because the high cost of living places a lot of stress on teachers. I’m doing my part one family at a time getting teachers into homes whenever I can, but you can help too and a semi-permanent pay raise would be a big step in the right direction.
 
I think Bridget does a better job than I could and gets her point across quite eloquently. I appreciate your taking a moment to read what she has to say!
 
 
From client and friend middle school counselor Bridget Early:
 

I have worked for SFUSD for ten years as a School Social Worker, THE ENTIRE TIME at Everett Middle School. I have seen the same problem every year…teachers leave. The majority of teachers do not quit due to being unhappy. Everett Middle School is a great place to work. Our administration is exceptional and teachers feel supported by them. Teachers at Everett love the kids and the entire staff gets along with each other. It is the same story you’ve heard before: teachers simply can’t afford to live here. They are sick of living with five roommates and working side jobs and teaching summer school IN ORDER TO MAKE ENDS MEET. The good news is THAT San Francisco is trying to address this problem. They have developed teacher housing loan programs, from which my family has benefited. Companies such as SalesForce are giving public schools money (and yes, how sad that we have to do this). Although I see these attempts as promising, it’s still not enough. Let’s keep in mind that teachers teach because they care about the public good and the future of our children and THE world. They are not paid nearly what they deserve, but they teach anyway. THIS argument is not about MAKING teachers wealthy. This is about a decent livable wage. In San Francisco, a livable wage IS MUCH HIGHER than the current median teacher salary of $68,000 a year (if we made this and lived in the middle of Kansas… I wouldn’t be complaining– but we don’t and we need more). If our SF teachers were compensated well, then our schools would be more stable and ultimately, our children would benefit. More good news: there is hope, but it depends on YOU! To the voters of San Francisco who came here to live in a progressive place, you can do something about it. Vote YES on Prop G. This is why:

For those of you who need a refresher, Prop G is a parcel tax. Homeowners will be taxed $300/year — except for those who are 65 and older. This parcel tax will NOT affect renters. Landlords must pay the cost. If it passes, all educators in the district including: school nurses, social workers, counselors, wellness coordinators, paraprofessionals and other non-classroom teachers will receive a 7% raise that will last for twenty years. This would make a HUGE difference in the life of San Francisco educators for all of the reasons stated above. JUST AN EXAMPLE: if a teacher today makes the median salary of $68,000 and Prop G passes, this teacher would make $72,760 for the following school year. This is a difference of $4,760 a year or $400 more per month. This modest increase MAY NOT SEEM LIKE MUCH, BUT IT IS A CAR PAYMENT, A DOCTOR’S APPOINTMENT, GROCERIES FOR A FAMILY–IT is the least we can do for those who play such an important role in the development of our youth. For anyone who is a little bit skeptical… I’ve got you. Show them this:

Homeowners! The median price of a home in San Francisco is 1.6 million dollars. I know what you’re thinking…you cannot pay one more cent in property taxes. I feel you; I’m a homeowner too. But… yes you can. $300 dollars more a year in property taxes is less than what you would pay if you bought a small latte at Starbucks every day (you know you do that; don’t worry, I was educated by a public school teacher so I’ve done the math for you, and it’s $1,218/year) for that frothy beverage. I’m not saying you need to give up coffee (trust me, I love my morning jolt) I’m saying…If you can afford that extra, you can afford the $300. And be grateful that you’re paying $300 to teachers. Just for the record, if you are a household of four and you earn $80,000 or more a year, 24.9% of your tax dollars go to National Defense. 3.6% goes to Education and Job training. I’m not an economist, but that doesn’t seem right.

Okay, this one is for your next door neighbor, a homeowner, who sends her kid to a private school because they specialize in the arts. Are San Franciscans aware that only 17% of SF homeowners send their kids to public school? What if you told her that if she votes “yes” on Prog G, our public school teachers would actually get paid a decent wage and our district would have more money for programs like the arts, music and yoga–AND SHE COULD SAVE 30,000 DOLLARS A YEAR THAT SHE’S PAYING PER CHILD AT PRIVATE SCHOOL. How great would it be if we could change that 17% into a much higher percentage? We need you. Join us, you know you want to. If you’re not sure, come talk to our students at Everett… they’ll convince you that public school is where it’s at.

This next argument is for your uncle who is a Republican, but only for fiscal reasons. The vast majority of people caught up in the criminal justice system did not graduate from high school. According to the ACLU, most of the money you send to run the government operates jails and prisons filled with Black and Brown people who had substandard public school experiences because good teachers couldn’t afford to teach. Everyone knows that there is a clear link between lack of education and jail. What would happen if we paid teachers more and our schools were filled with excellent teachers who stayed committed to their students for years and got paid well for doing it? What if the start of this revolution only took $300 more from your uncle’s tax bill? I can’t imagine he’d say “no.”

Lastly, the techies! Don’t worry, I haven’t forgotten about you. I’ve heard you… you work 80 hour weeks too and you don’t get the summers off. The difference is (and I know you can google it but I’ll just tell you)…a median beginner tech salary is $106,000 annually. A beginning median salary for a credentialed teacher is $50,000 less than yours. So yes, we would love to travel around the world in the summer but we are here teaching your future kids (when you enter into your childbearing years, we know you will send your kids to public school). Thank you in advance and yes, your company probably helped fund our school.

So, throw us a bone… please vote yes on Proposition G… the city will be better because of it. Our children will benefit and YOU will feel good about yourself for helping the people who spend more time with your kids than you do, AND CARE ABOUT THEM DEEPLY…their teachers !!!!

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The Green House

2302 Damuth Street,
Oakland, California

>Offered at $729,000

Click here to Request a Showing
Click here to Download Disclosures

Showing Schedule:

Sunday, May 6 from 2:00 - 4:30
Brokers Tour: Monday, May 7 from 10:00 - 1:00

Offers, if any, will be reviewed on Thursday, May 17th at 1:00pm.

A gardener’s paradise! This lovely 1915 bungalow is as sweet as it gets. Situated in the Dimond District, it has a happy street presence with a lushly landscaped front yard and a mosaic-tile porch. Upon entering, there is a high, vaulted ceiling that gives a spacious, open feel. The living room is large and bright, and flows easily into the dining room. All windows have big, tree-filled outlooks.

The kitchen has granite counters, stainless appliances and, in keeping with the garden theme, a greenhouse window over the sink. Behind the kitchen is a light-filled master bedroom, with large windows on two sides framing fabulous views of the back garden and the Oakland Hills. This room feels as though it’s in the trees, it’s so nicely situated.

Off the kitchen and dining room is a hall that leads to a full, vintage-style bathroom and a bedroom that overlooks a dramatic Angel Trumpet tree in the garden.

The back door leads down to a spectacular yard, perfectly designed to maximize its considerable space and filled with bougainvillea, nasturtium, anthurium, lemon, curly willow and maple. Several key areas are gracefully highlighted: a stone path and raised beds in the side yard; a covered redwood deck and stairs; a small, grassy lawn area beneath a paved dining space, shaded by a flowering plum tree; a kitchen potager in the back nook for vegetables and herbs, and a handsome chicken coop for those fresh eggs you can enjoy at an al fresco breakfast.

The basement offers even more features – a large laundry room that can also house a workshop or artist’s studio, and a roomy garage with plenty of storage.

The location is another plus, as it is down the hill from Highway 13 and the hiking trails of Joaquin Miller Park and up the hill from Highway 580, and just a few blocks from the Dimond Shopping District with excellent restaurants and cafés. Nearby Dimond Park and Sausal Creek bring a great urban/nature balance.

This is the perfect year-round sanctuary for indoor/outdoor California living at its best.

 

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Peaceful Pacifica – With Great Views!

152 McKinney Avenue,
Pacifica, California

>Offered at $799,000

Click here to Request a Showing
Click here to Download Disclosures

Offers, if any, will be reviewed on Wednesday, May 16th at 2:00pm

Showing Schedule:

Saturday, May 12th from 2:00-4:00pm
Sunday, May 13th from 2:00-4:00pm
  • 4 bedrooms/2 baths + bonus room
  • Lovely block in convenient Pacifica Manor
  • Adorable front porch perfect for watching sunsets over the ocean
  • Refreshed kitchen with painted cabinets, tile floor, granite countertops and new appliances
  • Portable dishwasher included in sale
  • New tile floor in master suite
  • Newly installed forced air heating
  • Freshly painted inside and out
  • Custom plantation shutters throughout
  • Quick access to mid-Peninsula and San Francisco
  • Laundry in garage
  • Level walk out rear patio
  • 2 car garage parking + driveway and ample street parking
  • Year built: 1951
  • Bldg. Sq. footage: 1745 per graphic artist
  • Lot Sq. footage: 7434 per tax records

In 1951, the economy was booming, everyone had a job and California was cutting edge cool; people were stretching out and getting their own space and California ranch style 152 McKinney was built along with the Pacific Manor neighborhood. It was perfect for its time and it is, to this day, a spacious, hopeful and happy home over-looking beautiful hillsides and the Pacific Ocean.

You will feel right at home at 152 McKinney. You enter through the ocean view front porch – perfect for watching spectacular sunsets – into the living room with cozy brick fireplace. The living room is open to the dining area and refreshed kitchen with new stainless appliances and granite counters. Washing dishes might become your favorite chore because you can see the ocean out the front window! The 2 car garage with laundry is conveniently located off the kitchen as well as the staircase to the bonus room above the back of the garage. The main level of the home continues behind the living areas. There are three bedrooms, a full bath, and a spacious master suite with double side by side closets. Access to the spacious rear patio is adjacent to the master suite, where you can enjoy BBQs, or simply relaxing in the sun.

Conveniently located walking distance to dozens of businesses – enjoy a cinnamon roll at Mazzetti’s Bakery or browse at Pacifica Manor Hardware, stroll to Oceana Market or Safeway for essentials, or enjoy dinner at Paisanos Trattoria. Pacifica is surrounded by nature – you can go hiking in Mussel Rock Park or Mori Point; fish on the Pacifica Pier or golf at Sharp Park, all within easy reach. Commuting is easy – access to San Francisco and the mid-Peninsula is quick and easy with Highway 1 just a 2 minute drive from the house.

 

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Ocean to City Views!

Pending: 365 Ralston Street,
San Francisco California

>Offered at $998,000

Click here to Request a Showing
Click here to Download Disclosures

  • 3 bedrooms/2 baths + family room
  • Rare oversized lot with ocean and city views
  • Fully detached home with windows on all sides
  • Views of sunsets over the ocean and the Farralon Islands to the west sweeping to Sutro Tower in the north
  • Classic Barrel Front Marina floor plan with large living room adjoining the dining room
  • Refreshed kitchen with new tile floor, countertops and appliances
  • Refreshed upper bath with new tile floor
  • New laminate flooring in lower level
  • Easy to access large rear garden and deck
  • Quick access to the freeway south and or the train downtown
  • Laundry in garage
  • Huge 1+ car garage + 1 in driveway
  • Year built: 1927
  • Bldg. Sq. footage: 1701 per graphic artist
  • Lot Sq. footage: 3332 per tax records

Ocean to City Views!

In 1927, the world was on the go! Ford introduced the Model A, Charles Lindberg flew all the way across the Atlantic and 365 Ralston was built. People were prospering and homes that were built featured all the luxuries possible at the time. It is a keeper – and has been in the same family for over 30 years.

365 Ralston is a rare detached, classic Barrel Front Marina style home with elegant proportions and a perfect floor plan on an oversized lot. Upstairs there is a generous entry hall that flows to either the kitchen with dining area or the large living room with a fireplace and curved windows overlooking Ingleside Terraces with view beyond to the iconic Sutro Tower and Mount Davidson. Accessible from both the kitchen and living rooms, the formal dining room invites entertaining and family dinners. At the rear of the home’s top level, there are two large bedrooms overlooking the Pacific Ocean and the verdant Olympic Club golf course. The upstairs bath features both a shower and a separate tub.

Downstairs there is a family room with a sliding door to the back deck and large rear garden as well as a 3rd bedroom and 2nd bath with a shower. The lower level might be used as a master suite or for guests. The lower level also houses a huge 1+ car garage (+1 in the driveway), ample storage and laundry.

This gracious home features fresh interior and exterior paint, refinished oak floors with walnut inlay (upstairs), new appliances, new kitchen counters, sink and faucet, new floors in the kitchen and upstairs bath, new laminate flooring in the lower level, a new rear patio door, many new light fixtures and upgraded electrical and plumbing. It is fully ready for it’s new occupants to enjoy life and the beautiful views.

Back in 1925, development of Merced Heights was facilitated by the M-Streetcar line’s launch in 1925, which enabled the residents to get quickly downtown through the twin peaks tunnel. It is still there making the commute downtown a piece of cake. Later on, freeways south were added and these too still enable a quick commute to all the jobs in Silicon Valley. Daly City Bart is also nearby and the home is convenient to shopping on Ocean Avenue, Stonestown, and Westlake Shopping Center.

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