Properties that sit on the market for more than 30 days!

The San Francisco market is well known for the crazy overbidding that happens every day. Everyone has heard stories of the 10- 20 offers received on a property which ends up selling for 50% over the original asking price. Discouraging for many buyers. What about the properties that get neglected and passed over! Maybe they didn’t check every box on the buyers’ list. With a little deeper looking you can find that home that works with most of your needs and change it into what your dream home should be!

Take for example: 355 Buena Vista Ave # 404W. This condominium located in the Park Hill complex, is a Spanish Revival Landmark building which is situated on 3.5 acres of manicured grounds & adjacent to Buena Vista Park.

The unit offers 2 BR, 2BA home with incredible PANORAMIC bay & downtown views.

If you are looking for an investment, here is an opportunity for an income generating property. The Main building has eight residential units with a mix of spacious 2bed/1bath and 1bed/1bath units. There are two units per floor. At rear of the lot is a cute, recently remodeled 1bed/1bath cottage. FIVE units including the four units on the top two floors in front building will be delivered VACANT!

On the market for 165 days, there is always a conversation to start.

If you find something of interest, share it with your friends and get their opinions. There are deals to be found, and there are usually many homes on the list that you expected to already be sold. Take a look and contact me if you have any questions.

San Francisco Summer Sales 2017

Sales data for the summer months of June, July and August is
now available and shows considerable strength in the market.

There were 4363 closings during the summer, which is above last
year’s figure of 4238 closings.

The median market time was 18 days on market,
versus 27 days last year.

Single family prices show three straight months of 6%
year-over-year gains

Condominium pricing having a 5% growth over similar months in

Inventory levels remain tight, coming in at around two months. Active listings in
August 2017 came in at 834 compared to the prior year at 1176.

Single family homes continue to receive the greatest amount of
competition, with purchasers paying an average of 17% over list price, with
a high  69% over list price and a low of 78% of list price.

It appears to be that we are headed into an active fall market, with
a substantial increase in inventory.

The number of active listings increased 35% during the month of September 2016, compared to August 2016. We will see what this month brings as we get further in to the month.