How did we do in San Francisco in Q4?

We are done with 2009. What’s behind us? In the fourth quarter ’09 the real estate market began to recover from the trauma of the financial market fallout that began in 2008. The quantity of homes and condos sold increased 5% over last year which ends a four year decline. Prices still were down however there are signs that there is competition in the marketplace again as properties sold closer to their asking price in Q4.  But talk to people that have been writing offers in 2009 and you will find many stories of buyers having to write *over* the list price to get the home.

I have detailed neighborhood reports for all districts in San Francisco. Shoot me an email and I will send it to you!

jdavis@mcguire.com

Jenn

 

San Francisco Hot Properties the week of March 9, 2009

Some beautiful homes keep coming on the market! Be sure to see 145 Mallorca, a 3500 s.f. 4 bedroom, 4 bath home in the Marina! How rare to have all that space. This is a fully detached Spanish Mediterranean home listed for $2.995,000. Email me for more info jdavis@mcguire.com

The next hot property this week is a condo at 3553 Divisadero @ North Point. 3 bedrooms, 2.5 baths on two levels! Hey, and 2 car parking to boot! This dynamite deal is listed for $1,,275,000. I’ve got the details! jdavis@mcguire.com

Finally, in Pacific Heights there is a great 2 bedroom, 1.5 bath condo located at 256 Presidio at Clay. It is one of (or if not the only) condo in the building with deeded outdoor garden. Listed for $789,000.

Deals to be had! jdavis@mcguire.com

 

San Francisco Open House traffic

2005 Buchanan - Two Unit Bldg $995K

There has been an uptick in open house traffic the past few weeks in San Francisco. I’m hearing from a number of agents that they have been quite busy. They are even ‘running out of property statements’ which is an occurrence that happened frequently in the heated market (that is when so many buyers tour the property that there were not enough statements to go around). What’s going on? Buyers are more curious and perhaps more optimistic that they have a real buying opportunity.

My listing at 2005 Buchanan at Pine in lower Pacific Heights is a 2 unit building that came on the market over the holidays for $1.1M. I recently reduced it $105K to $995K. This Sunday, we had over 40 people through the property. That is a record for this listing! Many buyers were simply checking to see what is out there, the others felt that they need to buy now before everyone catches on that now is the time to buy.

Tell me what you are experiencing out there!

jdavis@mcguire.com

www.jenndavis.com

 

Top 5 Residential Sales in ’08 in Pacific Heights

Pacific Heights

The top 5 residential sales in Pacific Heights in 2008 all took place between the months of May-July. Scott Street was an especially popular location as two of the top five home sales were on this street.  To clarify this list, it includes the top listed properties. A few of these closing prices are confidential and they have to remain confidential.

*Sale #1:  2515 Scott Street @ Pacific, is an 8BR, 11BA home originally listed for $19,750,000 closed for $18,00,000 after 180 days on the market.

And right down the block,

Sale #2:  2504 Scott Street @ Pacific was listed for $14,000,000 and closed for an undisclosed sum is a 6BR, 6.5BA home.  This one was only on the market for 37 days.

Moving along to….

Sale #3:  2663 Divisadero @ Vallejo, a 5BR, 5.5BA home listed for $8,950,000 closed after 35 days on the market also for an undisclosed sum.

and…

Sale #4: 1994 Jackson @ Octavia was on the market for 83 days was listed for $6.995,000. It has 4BR, 5BA, and it also closed for an undisclosed sales figure.

And just for $5,000 less,

Sale #5:  2355 Washington @ Buchanan with 6BR, 5.5BA was listed and closed for $6,990,000 after just 25 days on the market.  This one  got snapped right up!

What would have the sales figures looked like if these homes were put on the market this past October as the financial crisis reared its ugly head? There are some luxury homes on the market right now that I am monitoring.   Contact me  if you would like more detail on these properties.

*This info has been gathered from the SFAR MLS.

www.jenndavis.com

jdavis@mcguire.com

 

Most expensive sale so far in Pacific Heights…

As of December 20, 2008 the highest sale in Pacific Heights is a gorgeous 6 bedroom, 11 bathroom home with 6 cars located at 2515 Scott Street.  Originally it was listed for $19,750,000 and closed for $18,000,000.  11 days left of the year….will there be another sale in Pacific Heights to top this one?

www.jenndavis.com

jdavis@mcguire.com