Sold: 610 26th Avenue

Sold for $910,000
Seller Represented
Property Type: Single Family-Home
Bedroom: 2
Baths: 1

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Sold: 1708 Fulton Street

Sold for $905,000
Buyer Represented
Property Type: Condominium
Bedroom: 2
Baths: 1

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Sisters Are Doin’ it for Themselves …

3624390_mAccording to a new study, single women are now the 2nd biggest group of home buyers – think Annie Lennox, not Beyoncé
Over the past 12 months, single women made up 17 percent of all homebuyers, purchasing at twice the rate of their single male counterparts, according to a new annual report from the National Association of REALTORS®.

Furthermore, 2016 research from MGIC Connects shows single women representing the second-largest home-buying group, right behind married couples. This is even more impressive when you consider wage inequality, which is still a country-wide issue. In 2015, women made only 80 cents for every dollar earned by men working a comparable job-a gender wage gap of a shocking 20 percent.

So, women are kicking butt in the housing market. But who are these ladies? According to NAR’s 2015 Profile of Buyers and Sellers report, the median age of the single female buyer is 32 years old, and their median income is $49,000. But it’s not just 30-something ladies purchasing their homes solo, but baby boomers, divorced and out on their own, or downsizing from a family home they no longer need.

What’s in store for the future of female-owned housing? When you consider the consistent rise in the educated woman (meaning higher-paying jobs and more opportunities), well, things are looking pretty peachy.

Source: By Zoe Eisenberg, RISMedia read more →

December 2016 – Ho Ho Hum

Entering the heart of the holiday season, the number of sales and sales prices were mixed in the single family home and condominium/loft/TIC markets.

Single family home median sales prices dipped in November to $1,372,500 from October’s all time high of $1,407,500, but are still up $110,000, or 8.7%, from November, 2015.

In condominium/loft/TIC sales, median sold prices have been bobbing up and down between $1,000,000 and $1,150,000 for the past two years, and closed November at $1,044,500, just above the $1,023,500 where they started in January. Year-on-year, there is a 6.9%, or $78,000, decrease in the median sold price.

Inventory levels in November took their typical seasonal nosedive, dropping to just 1.7 months of inventory for single family homes and 2.1 months for condo/loft/TICs.

Finally, the median percent of list price received for single family homes was the lowest it’s been since January 2015: 106.8%. This could indicate that prices are peaking in the single family home market.


The information contained in this report is taken from a variety of sources including SFARMLS, SPUR, the City of San Francisco Planning Department, the Federal Reserve Bank of San Francisco, the Bureau of Labor Statistics, and others. The data may have errors, omissions and be subject to revisions and is not warranted. It is deemed reliable but is not guaranteed. Questions may be directed to Keller Williams San Francisco | 415.483.9285 | CalBRE 01995149 | © Keller Williams San Francisco 2016 read more →

Sold: 1478 48th Avenue

Sold for $1,000,000
Buyer Represented
Property Type: Single-Family Homes
Bedroom: 3
Baths: 1

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Sold: 521 Utah Street

Sold for $1,475,000
Buyer Represented
Property Type: 3 Unit Building
Sq Ft: 3305*
Lot Sz: 2356*

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Hayes Valley landmark Victorian asks $1.95 million

oak1-0Once upon a time, the neighborhoods west of Van Ness were full of Italianate Victorians with boxy frames but classy facades.

Then 1906 came along, and most of those Gold Rush and post Gold Rush-era homes went the way of so much rubble and kindling. Another sacrifice to the gods of tectonic upheaval.

But the prize home at 467 Oak, aka the Russell Warren House, endured; in fact, it has lasted through almost everything the city can throw at it since its original construction in 1875. (Or so; dating the place more precisely is tricky business.)

oak2That makes it legitimately one of the oldest intact homes in San Francisco. Its latest challenge: Finding a buyer for the $1.95 million it listed for today.

Actually, the historic Oak Street home is a duplex, and if you’re a bit shy of a bit shy of $2 million, each individual unit is up for $979,000. The entire building last sold in 2004 for just over $1.1 million.

Russell Warren is the name of a noted New England architect most famous for his Greek revival homes in his native Rhode Island and surrounding states.

But, according to the paperwork filed in 1983, when the Russell Warren house made it onto the National Registry of Historic Places, we’re not talking about the same Russell Warren here.

Turns out an architect with the exact same name was working on the West Coast at the exact same time, responsible for three dozen San Francisco homes, mostly in this style

In fact, this was Warren’s own home at time. The ‘83 assessment called it “one of the best examples in scale and detail” of its style, and “recalling the glory of modified Renaissance and Mannerist Italian palaces.”

A more contemporary assessment—via the upstairs unit’s Airbnb ad for $125/night—notes its trendy Hayes Valley location and the old school charm of its chandeliers, crown moldings, and marble fireplace.

(Although someone did away with the lower flat’s marble hearth in the ‘40s. But since one generation’s practicality is another’s retro charm, the brick one they built in its place doesn’t look so bad either.)

And if potential buyers are looking for one additional plum, the listing notes that city law allows unique leeway for condo conversion of two-unit buildings.

Of course, the historic status of the old place would make that job order a bit harder to fill. But where there’s a will, there’s often a plausible route to entitlements.


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