The New Mansions of Noe Valley: Part I

  For many San Franciscans, talk of the city’s mansions conjures images of the so-called “Prestige North” — the trophy properties of Pacific Heights, Presidio Heights and Sea Cliff which are historically the most expensive single-family homes San Francisco has to offer. Indeed, when 2701 Broadway sold earlier this year for $31M it became the highest priced sale of the year. Nonetheless, there’s been a remarkable shift in the number of multi-million dollar home sales in recent years to the

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Gold Rush Real Estate: Then & Now

  When¬†writer Bayard Taylor arrived in San Francisco by ship in the summer of 1849 and began chronicling the Gold Rush economy in his dispatches for the New-York Daily Tribune, he feared nobody would believe him. The imbalance of supply and demand for basic essentials — food, tools, clothing, equipment — was riding high, driving prices to astronomical levels–   “There were reports of canteens charging a dollar for a slice of bread or two if it was buttered, the

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San Francisco Market Overview: September 2015

  September is historically the month San Francisco sees the greatest number of new listings come on the market, and this year it hasn’t disappointed! Since the 1st of the month, more than 800 single-family homes and condos have hit the market, blowing last year’s count out of the water. Further sweetening the situation for prospective home buyers, there are more condos for sale now than any time in the past two years and the most sub-million dollar single-family homes

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New Inventory: Relief For Home Buyers?

At last, the promised new inventory has arrived. While we generally see a spike in listings during one of our two selling seasons — spring and fall — the past several years have been dismal in terms of turning out new listings. Not so this year. The question is: Will that translate into any relief for buyers?   I recently attended a symposium on the state of housing in San Francisco. If you have a couple of hours to kill,

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Think Long-Term: Best Performing San Francisco Real Estate Investments

  This past week, 2470 Broadway in Pacific Heights came on the market in San Francisco with a $6,995,000 list price. Purchased by the current owner in 1976 for $176,000, this price represents a nearly 10% average annual appreciation. It’s a story not dissimilar to that of the former Alioto mansion at 2898 Vallejo, purchased in 1973 for $225,000 and sold in 2013 for $11,700,000. These long-term real estate holdings with appreciation rates well above the San Francisco average left

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