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Monthly Archives: April 2012
Last week I blogged about a gorgeous penthouse #506 offering for $1,250,000. at 200 Brannan in San Francisco’s South Beach waterfront neighborhood, which is still available. Today, a beautiful 1535 SF 2 story loft in this luxury Condo Building has come to market.
This 2 level loft, #130, includes a second full bath on the main level and a large master suite on the upper level. The mezzanine is large enough for a home office or family room. This is a plushly decorated secure full service building with door man, 24 hour security, included garage parking for 1 independant and exercise facilities plus recreation room for private parties. Offered for $1,049,000.
One block from the Waterfront and near 2nd Street Cafes and boutiques.
Everything about 200 Brannan is luxurious and the perfect fit for the discerning full service condominium seeker. Please phone for your appointment to view this home.
For more about 200 Brannan please review my prior post http://erikaburkesf.com/?p=2004
Listed by Eric Turner, McGuire Real Estate
A new San Francisco real estate market offering today is 1201 California St. #507 near Pine Street atop Nob Hill, is a wonderfully priced condo opportunity for 1 Bedroom and 1 bath in an exclusive neighborhood with Views of Grace Cathedral and the Golden Gate Bridge. Blocks from Union Square, the theatre and financial Districts, the location is superb.
You are greeted by the door man in this elevator building. The kitchen features a beautiful marble countertop, laundry is available in the building. The bath includes French doors and finishes in keeping with the period. Enjoy views from the Living Room and Bedroom, carpet and slate flooring. New Homeowners will meet with board approval. Included is 1 indpendant parking space.
The building was made famous by Dashiell Hammets’ Maltese Falcon. Built in 1926, it features ornate architectural details as San Francisco’s treasured Cathedral Apartments. The building offers a Charming Roof Deck to take in the City’s most outstanding views. Offered for $475,000. Shown only by appointment, please call to arrange your showing and for further information.
As Reported by the San Francisco Association of Realtors (SFAR), April Market Focus Report.
Reporting on Single Family Home and Condominium Sales in San Francisco and the state of our current market plus future projections. Low Inventory, rising prices, lots of buyers, high end is moving. Sellers should feel confident to list during this opportune Seller’s Market.
As Inventory Remains Low and Unchanged,
San Francisco Homes Sell Even Faster
Just as last month, many new home sellers continue to have confidence that the market is on an upswing and that housing prices will soon accelerate. As a result, the vast majority of them have decided to hold off on listing their properties for sale, keeping the city’s inventory low. Making matters worse, the flow of distressed properties from the banks has lessened, making it more difficult for buyers to find properties even though interest rates have remained low. The congruence of all these economic factors occurring at the same time is resulting in the current seller’s market, where sellers have more leveraging power over buyers who are competing against a limited pool of properties.
Single-Family Home Sales
While the city’s inventory of single-family homes for sale dropped by 29.4 percent compared to March 2011, it did not exceed February’s level this year. Still, despite the low inventory, the number of homes under contract continued to improve by as much as 19.9 percent compared to this time last year, while the number of homes sold fell by only a slight margin of 2.8 percent.
For homes that were priced below $700,000, the months of supply inventory fell by 65 percent to one month. For higher-priced homes between $700,000 and $1.2 million, the months of supply inventory fell by 56.1 percent to also one month. It comes as no surprise that a number of real estate web sites currently rank San Francisco high among the nation of cities where homes sell the fastest.
One region of the city which continues to experience healthy sales activity is the area in the mid-western part of town, known as Twin Peaks West. Since March 2011, the number of homes under contract here has risen by 14.7 percent. Twin Peaks West has a total of 16 neighborhoods, with Mt. Davidson, the highest natural point in San Francisco, at its center. With its elegantly landscaped streets and a variety of architectural styles, including Craftsman bungalows, Mediterranean, and Mid-century, homes here are very desirable. The median price for a home in Twin Peaks West is about $837,500.
March Existing-Home Sales Saw Decline, Lower Inventory, Stabilizing Prices
Daily Real Estate News | Thursday, April 19, 2012
Existing-home sales dipped in March, but continued to outpace last year’s levels. At the same time, inventory tightened and home prices showed further signs of stabilizing, according to the National Association of REALTORS®.
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, declined 2.6 percent to a seasonally adjusted annual rate of 4.48 million in March from an upwardly revised 4.60 million in February, but are 5.2 percent above the 4.26 million-unit pace in March 2011.
Lawrence Yun, NAR chief economist, said the recovery is in the process of settling into a higher level of home sales. “The recovery is happening though not at a breakout pace, but we have seen nine consecutive months of year-over-year sales increases,” he said. “Existing-home sales are moving up and down in a fairly narrow range that is well above the level of activity during the first half of last year. With job growth, low interest rates, bargain home prices and an improving economy, the pent-up demand is coming to market and we expect housing to be notably better this year.” Continue reading
Today I had the pleasure of viewing a luxury Penthouse at 200 Brannan in the exclusive South Beach neighborhood, steps from the Embarcadero, near the Ferry Building, South Parks’ 2nd St. restaurants and boutique’s, Giants Stadium, only steps from San Franciscos’ quintessential bay views and numerous outdoor activities. Close to the Bay Bridge, 101 and 280 and public transportation.
200 Brannan is one sleek, beautifully kept, luxury condominium building of 191 homes.
As an experienced luxury Realtor, I am the appointed representive for 200 Brannan through our Vanguard Properties website and will keep you informed of the latest offerings. I will arrange your private showing or provide accurate comparables and comparisons for your home sale at 200 Brannan.
I view every home with the idea in mind of who the buyer might be, and ask, “Would I live there myself”? I can give a definite “Yes”, to the current offering of penthouse Unit 506 and easily picture a sophisticated couple, business bachelor or bachelorette, design or art world professional, luxury pied-a-terre seeker, or a young urban dweller making this prestigious offering their home.
Greeted at the door by the engaging door man, Roberto, one immediately feels secure and that they are entering an exclusive, service oriented, 5 star living experience, from the atrium entry, to the exquisitely chosen neutral palette on the walls of the quiet, plushly carpeted hallways. Dotting those walls are custom art and photographs that are finished with sophisticated lighting; which guide you past the serene green bamboo ground floor courtyard and on to the multiple elevators that bring you closest to your home.