November 2007

Forbes came out with the list of the pricest homes this year.  Seven of the homes were in New York, three were in California to include a home ‘flipped’ by Courteney Cox and her husband David Arquette. The couple purchased this Malibu home $10.1 million in 2001 and sold it to Los Angeles Dodgers owners Frank and Jamie McCourt for $33.5 million.  Hey, good to know if the Friend’s series is done, there is still plenty of money to be made.

A small 3BR,  2BA, 1175 square foot home needing *everything* just received 29 offers. The home is located at 1851 26th Avenue, a very peaceful street in the Sunset. The home has outstanding views and clearly a lot of potential as 29 other people have confirmed.

 Opportunities abound!

Having worked for a newspaper many years ago, (The Washington Post), I know the value of a great headline to draw in readers.  For many months now, we have seen headline after headline about the looming housing crisis in the Bay Area (and across the country). Challenging to find optimistic news unless one is willing to weed through the data highlighted in these articles. On Sunday, the San Francisco Chronicle ran a piece on San Francisco neighborhoods Some neighborhoods are still hot and receiving multiple offers especially if the home has been well maintained, staged, and updated or remodeled (and, or course, priced competitively). 

Full disclosure, I have a listing coming on the market in the Sunset.  A single family home, well maintained, recent upgrades, staged, and a view property to boot (and in a great neighborhood).  Check back here for updates on this property and other neighborhood sales activities.