Posts Tagged ‘SFAR’

A Broker Tour for the Record Books

 

With 309 new listings on the San Francisco Association of REALTORS® Broker Tour yesterday, there was no shortage of properties to see. In fact, including repeat properties, the Tour consisted of a total 477 properties — That’s more new and total listings than there’s been on any given Tour in years! Of the homes I previewed for clients and market research, here are three of my favorites:

1. 4173 Cesar Chavez Street, Noe Valley

From the MLS: Located on a rare cul-de-sac, this 4 bedroom, 3 full bath, 2 half bath house is the definition of modern luxury living and refined design. With 3 bedrooms on the top level and an Aupair suite on the entry level, its cohesive layout exhibits custom millwork throughout. The residence features a custom kitchen, library, dining area, and great room that opens to a stunning outdoor seating area and fireplace. The home is completed with a Speakeasy wet bar, media room, 2 car side-by-side garage, an elevator, 3 fireplaces (2 indoor, 1 outdoor), 3 decks (front deck, master suite deck, roof deck), and picturesque views of Downtown. The attention to detail validates that no expense was spared in the design and construction of this modern masterpiece. List Price: $4,850,000

Does your dream home include high-end finishes? If so, this one’s for you!

2. 458 Ashbury Street, Haight Ashbury

From the MLS: Reimagined Victorian completely rebuilt retaining period influences infused w/contemporary style, a blend of tradition & chic modernity. Graciously scaled rooms-large living room, family room w/dramatic accent wall, combined dining room & kitchen. Coved ceilings, molding, rosettes w/exquisite modern lighting & distinctive wall coverings enliven the spaces. Kitchen w/11-ft marble island, custom cabinetry, premium appliances, wet bar. Sizable deck w/built-in seating. Grand staircase w/custom iron-work. 2nd level: master suite w/sitting area, walk-in closet w/washer/dryer. Luxurious master bath w/dual sink vanity, soaking tub, walk-in shower, Calacatta Oro. 2 additional bedrooms, full bath. Top level: 2 bedrooms w/own bathrooms. Lower level: Exercise/media room, bathroom, sauna, 2 bonus rooms, storage, 3-car garage. List Price: $3,500,000

A shout out to BIRCH + TAYLOR for the gorgeous staging! According to CurbedSF, this home is one of the most intact Victorians on the market — and I’d have to agree. Stunning!

3. 3876 Clay Street, Presidio Heights

From the MLS: Stunning, top floor, two level ‘house-like’ condominium in a two-unit building, Built in 1909, thoroughly remodeled by current owner, under the guidance of interior designer Martha Angus. 4 bedrooms, 2 baths + 1 half bath with grand master suite. Living room and formal dining room with fireplaces. Spacious, sun-lit gourmet kitchen with eat-in banquet. Powder room, and separate laundry room. Two car (tandem) deeded parking, with tradesman entrance with interior access. Spectacular outdoor terrace (deeded to unit for owner’s exclusive use). Selected by 7×7 Magazine as the featured home residence in their annual ‘Design Issue’. List Price: $4,798,000

No need to stage this place — all the furniture, fixtures and artwork belong to the owner whom I met while touring the property. CurbedSF recently ran a story on the home which you can read here.

 

RealtyTrac says October 8th is the best day for home buyers in the San Francisco-Oakland-Fremont metro area, when buyers have paid an average of 25 percent less than a home’s value on that particular day over the past 15 years. Certainly with the flood of new inventory in San Francisco, we may see bidding wars ease up and perhaps the beginning of price stabilization. What are you waiting for? Get out there and write some offers!

 

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Meredith Martin is a Broker Associate at Paragon Real Estate Group and can be reached at Meredith@OpeningDoors.me

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Know your status! Change comes to the SFAR MLS

 

 

Real Estate has a language of its own, and it just got some new abbreviations.  Yes, I used to sit down with new clients and explain that there were four stages to a listing’s life: Active, Contingent, Pending and Sold.  But now I’ll have to change that statement to reflect a number of sub-categories:

From the SFAR:

MLS Statuses as of January 4, 2012

Active:
No accepted offer

Act. Cont.-Short Sale:
Accepted offer pending lender approval, additional offers being sought

Act. Cont. – Rel. Clause*:
Accepted offer with a subject to sale seller release clause, additional offers being sought

Act. Cont. – Show*: 
Accepted offer with Buyer contingency provisions such as inspections, accepting back-up offers

Act. Cont. – Probate*:
Accepted offer, available to be overbid through the court confirmation process

Pending:
The Seller has accepted an offer and is not soliciting additional offers

Temp. Off Market*:
The listing contract is still valid, but the property is not being actively marketed and there is no accepted offer. Temp. Off Market listings will not be allowed to be relisted as new.

Withdrawn – Cancel*: 
The listing agreement has been cancelled

Withdrawn – Duplicate*:
Duplicate listing, property can be found as pending or sold in another category

Expired:
The listing agreement has expired

Sold:
Escrow has closed

*New MLS status as of January 4, 2012

Of course, I wish there was a version of Active Contingent that was for properties where the seller (or listing agent) didn’t want to be bothered with addition showings, but the contingencies were still in effect, because that’s a reality.  Hopefully agents will mark those properties as pending.  But old habits die hard and we are used to the old way of only moving a property status to pending when all contingencies have been removed, so they may remain on the MLS as Act. Cont. – Show instead; causing disappointment when it isn’t really possible to show them!

 

Rita Roti is a broker / assistant manager at Zephyr and can be reached at Rita@ritaroti.com
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