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Tag Archives: LiveinLuxurySF.com
As you know inventory in San Francisco is at its lowest mark in more than seven years. With such a low supply comes steeper competition which can put 1st time homebuyers at a disadvantage. I like to look at it as an opportunity to be informed and prepared. (Tips at the end)
Evaluating property and the market.
With low inventory the first time home buyer may be going up against investors who are also targeting the bargain-priced or lower priced homes that are in the same pool in which you are looking. Investors and contractors come to the table with buying power, large down payments and/or cash, which can edge you out of the deal. One strategy is to prepare to compete.
In a Sellers market, a strategy that is often employed by listing agents, are to list the homes for well under the market, in hopes of attracting a large number of offers. This means each home must be individually evaluated against the market to see if this is the case. If so, the buyer must be prepared to bring their offer in at the regular market price which can be substantially, sometimes $10k-$100k or more over the inappropriately low asking price. Just because a price is listed, it does not reflect the market value or the actual final purchase price range. Conversely, some homes do not require an overbid and your agent will be able to advise you accordingly. Continue reading
VANGUARD PROPERTIES ARTISTS IN RESIDENCE – AN EVENING OF ART AND FASHION TO BENEFIT HABITAT FOR HUMANITY GREATER SAN FRANCISCO
I am proud of my brainchild as event organizer & silent auction Co-Chair….this event was concieved to celebrate the Realtors of Vanguard Properties, as individuals, who like myself and my Co-Chair, Mitch Laufer, Vanguard Marketing Director and event planner extraordinaire, are also artists and designers while performing at high levels in their real estate careers. I loved the idea of bringing together business and art while contributing to a worthy cause. The event resonated with the participants and attendees alike as a fun, exciting and enriching evening while we raised funds and gave back in a meaningful way. (My art is in this crowd shot)
Vanguard properties one of the fastest growing Real Estate brokerages in San Francisco hosted an evening of Art and fashion to benefit Habitat for Humanity Greater San Francisco. Pictured right – Deven Richardson and Daniel Smith of Habitat GSF with Erika Burke. The event was Sponsored by Principal James Nunemacher and co-chaired by exhibiting artists, Erika Burke and Lynn Brei, both agents at Vanguard Properties who liased with Habitat Events Coordinator , Arti Sharma who all planned the event with tireless determination. Habitats’ Senior Director of Development adressed the crowd explaining all that they do in our community.
The resident Artists and Fashion designers, all Vanguard Properties agents and or employees showcased and sold their works of Art and Fashion with 30% of the proceeds benefitting Habitat GSF.
A silent auction was also held during the festivities where 100% of the proceeds from the sale of art and many objects of desire were purchased. Attendees had choices of Hotel stays, to cosmetic treatments and of course all art was donated by the artists in residence.
In addition to art there was also a fashion show, (pictured right – Jonathan Deason, Agent with model), orchestrated by yet another Vanguard agent. Jen Fritz, owner/designer of Warrior Within and agent, who put together an amazing show using all Vanguard Agents as models with their escorts, while showcasing her creations.
Having raised nearly $10,000.00 For Habitat for Humanity Greater San Francisco the successful evening is the first of what Vanguard plans to make an annual fundraising event.
I just SOLD Unit #12 to my ecstatic Buyer for $535,000. Only 2, Two Bedroom Units are left! #9 is offered for $519K. What? Make sure to stop by and soak up these chic and beautiful, fresh remodels featuring hardwood floors, recessed lighting, new stainless appliances, parking and storage.
Enjoy a Modern | High Tech Open Living, Dining Kitchen Floor Plan filled with light from oversize double pane windows. New Stainless Steel Fridge, dishwasher, range and microwave. Your two huge bedrooms are on either side of a spa like bathroom and the home features an in-home laundry with new machines. Take in the famous & enormous Downtown and Twin Peaks Panoramic Bay views from your private balcony.
A Few blocks from Molly Stones , Glen Canyon Park and centrally located in the middle of San Francisco for North or South commutes. Set beneath a green median and upon the hillside makes it private and accessible. A tremendous value for the location and comparable units currently on the market. Everyone who has purchased is delighted with their “find”. Just right for the first time home buyer, student, professional, bachelor or bachelorette or a light and bright pied-a-terre. Come and See me!
Showing by: Erika Burke 415.321.7076, [email protected], DRE#01386234
Listing Agent, Vanguard Properties, Jonathan Deason
High atop a Tiburon hillside ridge, nestled across from Angel Island with a sweeping view of San Francisco and the East Bay is an architectural masterpiece of a home built in 1995.
Vanguard Properties presents this one-of-a-kind home of 4 Bedroom, 4.5 Baths with 2 car parking. Carved out of the hillside is an earthy enclave of natural limestone and granite, carefully orchestrated to blend seamlessly with the California landscape. Most charming is a path that leads around the perimiter of the property and around the house to view from each window where there is a real sense of nature and relaxation.
I had a suprise treat today during my Tuesday property tour. I viewed a rarely available 1733 SF Brick and Timber loft in the coveted Clock Tower Building in San Francisco’s South Beach (SOMA) neighborhood. This home is perfect for an artist, a couple who entertains, a tech exec or an expressive bachelor or bachelorette. This is a home in which to live your glory days, even if that means a fabulous San Francisco pied-a-terre now that the kids are in college.
The building itself features broad expanses of metal and wood and each homes door has a metal lighted sculptural feature that adds to the hip, arty, modern feel. The interior courtyard is charmingly landscaped with ferns and vines covering the interior walls. There are elevators from the entrance and to the Tower, where #454 is located.
This private loft bedroom sits a few steps above the expansive living area that is framed at the far end by two enormous windows that span the width and overlook a charming vintage building landscape. The quality of lite is exquisite and the exposed brick, stunning hardwood floors and vaulting exposed beam ceiling make this a New York Style loft.
Pockets of Movement in the San Francisco Housing Market, Despite Lessening Inventory
The nice spring-like weather we have been experiencing has had some positive effects on the home buying public, as it has brought more buyers into the market. And with interest rates continuing to stand at a 60-year low, this has made homes more affordable and led to a wave of refinances that has increased disposable income for property owners. But despite these encouraging trends, the city’s inventory has tightened.
As inventory levels dropped in January by 32.9 percent, compared to January 2011, the number of homes under contract rose by 8.7 percent. But the low inventory seemed to also contribute to fewer completed sales, which is fairly normal market behavior for this time of year.
For homes that were priced below $700,000, the months of supply inventory fell by 47.3 percent to 1.6 months. For higher priced homes between $700,000 and $1.2 million, the months of supply inventory fell by 38.9 percent to 2.4 months. These short time frames continue to indicate a seller’s market, where sellers have more leveraging power over buyers who are competing against a limited pool of properties.
Stunning Remodel – Like New
4 Bedroom, 3.5 Bathroom on 3 levels
Penthouse Master Suite with Sweeping SF Views
Cat 5, Garage, Yard with View