Author Archives: Pota Perimenis

Click here for more information:  SFAR_MarketFocus_2014-December

Here are the highlights:

The real estate recovery was strong in 2014 with strong price gains and low levels of inventory throughout San Francisco.

From December 2013 to December 2014, the median sales price for single family homes rose 14 percent to reach $1,080,000. Condos, TICs, and coops saw a 25 percent increase to reach $952,000.

In terms of new listing activity, December 2014 saw significant declines in the number of new properties coming onto the market with close to 50 percent less single family home listings coming onto the market last month. For condos, TICs, and coops, this number was close to 40 percent.

Low levels of inventory has meant that more than half of all properties are selling for more than the listing price. Close to 75 percent of buyers of a single family home paid more than the listing price. The same was true for more than 50 percent of condo, TIC, and coop buyers.

A look across San Francisco’s 10 districts, shows that District 2, comprised of the Outer Sunset, Central Sunset, Inner Sunset, Outer Parkside, Parkside, Inner Parkside, Golden Gate Heights, saw the most sales in December 2014, while District 6, Lower Pacific Heights, Anza Vista, Western Addition, North Panhandle, Alamo Square, Hayes Valley, saw the largest jump in median sales price.

Inner Sunset Properties

1282 16th Avenue, San Francisco

1282 16th Avenue, San Francisco

 

 

Inner Sunset Properties

We just closed on this great Inner Sunset property, 1282 16th Avenue, San Francisco. I represented the buyers who found themselves competing on several properties. We were in back-up position on this one. When the buyer in first position couldn’t perform, my buyers were thrilled to be able to complete the purchase. With three sushi restaurants within a block, as well as the N Judah and Golden Gate Park, this property will become a showcase when it’s remodeled. I am looking forward to seeing the finished product!!

NoPa Neighborhood Association meeting

NoPa Neighborhood Association meeting on November 18th will focus on Bike Safety

This is from Rose Merryman, president of PRO/SF (Panhandle Residents of San Francisco) neighborhood association.

Hello all,

Our next get together is on Tuesday, November 18th at the Bread & Butter Cafe on the corner of Hayes & Ashbury Streets
      Meet & Greet is at 6:15 pm

Workkshop is from 6:30 – 7:45 pm

…….PLEASE NOTE EARLIER START TIME…….
Our meeting will be a workshop focused on bicycle safety.
Guest Speakers include: –Janice Li, Bike Coalition –Morgan St Clair, SAFE BIKES -Officer Friedman, Park Station
Learn How to:
–Ride safely (yourself & others)
–Lock your bike and which locks/cables work best
–Prevent bike theft
–Register your bike for recoveryBrought to you by SAFE BIKES, Bread & Butter Cafe & Freewheel Bike Shop in partnership with Panhandle Residents Organization.

I hope to see you there!

Rose Merryman, Panhandle Residents Organization 

Market Focus for August 2014

Most local markets continue to recover from a soft patch earlier this year. The
macro trend is still positive; the micro trend involves more moderate pinching
up and down the month-to-month timeline. This is not uncommon in a balanced
market, but it’s been so long since we’ve seen one that we’re watching it with
perhaps too much trepidation. Metrics to watch include inventory and prices,
but also days on market, months’ supply and percent of list price received at
sale. Declines in pending and closed sales activity may reflect strong decreases
at lower price points and may not indicate softening demand.

For detailed information on the SF Real Estate Market in 2014, please click here. SFAR_MarketFocus_2014_August

“No on G”

A punitive new tax on housing is certainly not the answer to San Francisco’s housing challenges. We need thoughtful solutions that create more housing of all types, not a poorly crafted measure that levies a new tax on housing and yet, provides no guarantees that any of the revenue raised will go to new affordable housing or any housing at all.

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    663 42nd Avenue

    663 42nd Avenue
    Represented Buyer

    In today’s market, a Buyer’s Agent needs to leave no stone unturned. When the MLS did not provide a listing suitable for my clients, I knew I had to go outside the box. My search led my to an unlisted property where the Seller was willing to sell without going on the open market. My clients made an acceptable offer and have now closed and moved in to their new Richmond home with a view of the ocean. The other day my client told me the best words I could wish to hear, and the reason I am in this industry: “We are so happy here.”

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    1982 Hayes St.

    Full floor condominium in NOPA, just a block from the Panhandle. Lots of period detailing. Hardwood floors, high ceilings, decorative fireplaces. Spacious, open plan kitchen. In-unit washer and dryer. No parking, but excellent location for public transportation including the 21-Hayes, 5-Fulton, N-Judah, and 43-Masonic.  Click here for property website and more photos.

    • Offered at $799,000
    • 2 BR, 1 BA
    • Open remodeled kitchen
    • Dining area
    • Living room with decorative fireplace
    • Shared yard
    • Full floor flat in 3 unit building
    • HOA dues $373.12 /mo (insurance, water, garbage, reserves)
    • Walking distance to Koret gym/USF and discounted membership fees with “neighbor” rate.
    • Walk to Haight-Ashbury market, Whole foods, Divisadero Corridor, Sunday farmer’s market, Lucky supermarket.
    • City car share pods close by.
    • Full floor condominium in NOPA, just a block from the Panhandle. Lots of period detailing. Hardwood floors, high ceilings, decorative fireplaces. Spacious, open plan kitchen. In-unit washer and dryer. No parking, but excellent location for public transportation including the 21-Hayes, 5-Fulton, N-Judah, and 43-Masonic.

    This condominium is located in the best NOPA location. The Panhandle and Golden Gate Park are right outside the front door, providing a green urban oasis perfect for dog walking, exercising, enjoying the world-class museums, or just getting out in nature. NOPA is nestled between Cole Valley, Haight-Ashbury and Laurel Village, USF and UCSF. It’s easy to leave the car in the garage in this neighborhood–Whole Foods, USF’s Koret center gym, yoga studios, hair/nail salons, and restaurants are all a short stroll away. Residents qualify for gym membership at USF’s Koret athletic facility. Nearby restaurants include Green Chile Kitchen, Bistro Central Parc, Tsunami Sushi Bar, Eos, Abacus, Little Star Pizza and NOPA. Very easy transit w/several bus lines nearby. Modern urban living at its best!

    More photos at: http://www.1982Hayes.com

    Click here for more information.

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      715 and 715 1/2 A and B Lyon

      Welcome to 715 and 715 ½ A and B Lyon Street, a rare NOPA property which includes two buildings on one lot! The front single family home is a well-preserved, up-to-date Victorian lady. In the gold leaf-accented, gingerbread facade, you see Stick & Queen Anne styles. As you enter, the foyer opens to an elegant living room featuring a large bay window accented by cherub brackets, built-in bookshelves & a wood burning fireplace. There are two bedrooms, two remodeled bathrooms, and a spacious, eat-in kitchen. Downstairs is a wonderful bonus space currently used as an office, additional storage, washer/dryer and parking. The yard offers an enclosed grassy area with a lemon tree and pleasant outlooks towards other gardens. The back house is now divided into two one bedroom units (the second unit is unwarranted). 715 ½ B is rented for $1003/month. The front house and lower back unit will be delivered vacant! Click here for property website and more photos.

                • Offered at $1,595,000
                • Front building:
                • A well-preserved, up-to-date Victorian lady with Stick and Queen Anne styles.Gold leaf-accented, gingerbread façade.
                • Two bedrooms, 2 remodeled baths.
                • Elegant living room w/ decorative fireplace
                • Large remodeled eat-in kitchen
                • Delivered vacant
                • Garage additional storage and ​ ​laundry
                • Bonus room behind garage, currently used as office
                • Rear building:
                • Two 1-bedroom units
                • Legality of one of the units is unwarranted.
                • One unit rents for $1003 as of May 1.The other is vacant as a result of a landlord/tenant agreement.
                • Grassy yard and lemon tree
                • Perfect for the owner occupier who wants rental income without having tenants above or below, or for TIC buyers and possible condominium conversion.
                • Easy access to public transportation.

      The property’s configuration is perfect for the owner who wishes to own a single family home and to have rental income as well, yet without having neighbors above or below. It may also appeal to TIC buyers with potential for future condominium conversion.

      Disclosures available upon request.
      http://www.715Lyon.com

      Click here for more information.

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