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Provided by:
Alexander Clark
Zephyr Real Estate
License# 01339386
2523 California
San Francisco, CA 94115
thefrontsteps.com
cell:415-254-5351
fax:415-277-3914
alexclark@gmail.com
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bijayoga.com
1348 9th Ave.
@ Irving
San Francisco, CA
phone:415-661-YOGA
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The market knowledge I bring to you on sfnewsletter comes from representing buyers and sellers in San Francisco real estate transactions. I also know about many off market single family homes and condos throughout the city that are for sale, but not listed on MLS.
If you, or anyone you know, are considering purchasing or selling a home/condo/multi-unit in San Francisco, please do not hesitate to contact me.
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**NEW**
Complete access to MLS
This is the most access to MLS you'll get. You can search properties, get status updates on specific properties you might be tracking (price reductions, active to pending, pending to sold, etc.), view open houses, save searches, and more. This, along with the simple reports I provide, is your ticket to market wisdom, and ultimately finding or selling your home!
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On my iPod
Song: Hotwax
Artist: Beck
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Introduction
Hello and welcome to the new readers of sfnewsletter! Please continue spreading the love by forwarding sfnewsletter to your friends.
As a reminder, I'm asked all the time to find out what a property sold for, and that is exactly why I began the "sold properties report" years ago. If you're curious about a recent sale near you, keep an eye on that report. You can find a link to the report in the left hand column of this newsletter.
As always, I am here and available to answer any question you may have and help you buy/sell a home in San Francisco, so don't hesitate getting in touch (alexclark@gmail.com). And don't forget, I spend a lot of time updating my blog, theFrontSteps.com so check it out, and tell your friends about that too.
Market Update
Charts, Data, Trends
Good news from the San Francisco Assoc. of Realtors:
The San Francisco housing market continued to show promising signs of recovery through October 2009. Pending single family home sales jumped to 271 homes in October 2009, which represents a 30% increase in the number of pending sales month over month and a 58% increase year over year. Although greater scrutiny in obtaining a mortgage is expected to extend the time between signed contracts and closings, the sharp rise in the number of homes under contract should lead to strong sales activity going forward.
Pair that with insanely low interest rates and increased availability of FHA Financing and we either have the perfect storm for buying property (housing prices down, interest rates low, people sitting on the sidelines), or getting ourselves back in the same mess that got us here in the first place (people over-extending themselves on cheap money.)
The bottom line is that there have been some promising reports coming out recently, but most of those reports come with an asterisk of warning (potential for increased foreclosures, and caution for borrowing too much money), so if your time horizon is very long, it could be a very, very good time for you to get into San Francisco real estate. I'm looking forward to the day those market reports come without the asterisk.
Nine Million Dollar Views
You ever take a drive down Broadway and think, "Man, I wonder what that home is worth?" Well, we'll make it a little easier on you. Twenty three fourty Broadway recently closed escrow. Asking price, $9,000,000. Sales price not disclosed, sorry.
Okay, here is a little ammo for you when you're driving down Broadway spouting your real estate knowledge to all of your friends. A little list of ALL the activity on Broadway (Available, Pending, Sold, Single Family, Condo). Consider yourself educated.
Comparison Shopping
Bringing back an old favorite (it's fun pouring salt and lime in an open wound after all). Taking a little trek around the world, we find that $9,000,000 buys you this 12,000 square foot home in Turks & Caicos Islands.
I'd be willing to bet the views there are pretty sweet too...that is if you can look up from staring at that gorgeous beach!
Listing Plug
My fabulous listing at the Amelia is on the market and available! Address is 2185 Bush #213. It is a 2 bed, 1 bath, garden level apartment away from all of the street noise. It's sooo quiet! The unit includes one deeded parking space, and an approximately 500 square foot wraparound patio. HOA dues are $660/month and include earthquake insurance. Asking price is $685,000 and my clients are extremely motivated to sell. I will be there this Sunday from 2-4pm for an Open House, so please come by or send your friends/family. It's a great unit in an absolutely fantastic location.
Sexiest Realtors In The Bay Area
It's that time of year for our contest on the Sexiest Realtor in San Francisco. We're trying to see if we can get participation from the entire Bay Area, so it could be even better than usual. Help us get the word out and nominate your pick by going to the site or sending an email to thefrontsteps@gmail.com.
Pocket Listings!
It's no secret I've been broadcasting pocket listings (off-market real estate for sale) on this newsletter for years, and it didn't take me long to realize the system for communicating those listings is broken and needs fixing. So...we're fixing it. PocketListings.NET is coming soon! If you have a Twitter account follow us @pocketlistings for updates. It's going to be very useful for agents, buyers, and sellers alike.
Thoughts
Strippers Wanted For "Entertaining" Prospective Clients
Happy Aloha Friday!
The sfnewsletter team
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