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Market Conditions in Russian Hill : Real Estate Advice

  • All29
  • Local Info3
  • Home Buying10
  • Home Selling2
  • Market Conditions3

Activity 3
Francis Soms…, Real Estate Pro in San Francisco, CA
Sat Mar 7, 2015
Francis Somsel, SRS & Kate Tomassi, SRS answered:
The value of homes will continue to rise until you run out of people willing to pay more. Then it will fall until there are enough buyers to sustain the price. While our local real estate market seems to have a very good foundation with inflows of workers and cash from around the world into an area that refuses to build enough housing to accommodate the need, there are factors that can change it at any time. With the tech industry based here, the natural beauty, the proximity to great outdoor activities, and the great weather, I feel very strongly about the long term upside of owning property in San Francisco. ... more
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Lizete Santos, Real Estate Pro in San Francisco, CA
Tue Jan 6, 2015
Lizete Santos answered:
Alex,

The last 4 sales in the immediate neighborhood for a similar unit sold for a range of $1000-1275 a sq. foot.
This building is on the soft story list.

-$1,150,000 1845 Leavenworth St #203 2b/1.5ba sold 11/12/14

-$1,200,000 975 Union St 2b/2ba sold 11/25/14

-$1,250,000 896 Green St 3b/2ba sold 12/18/14 (in the same building)

$1,300,000 1159 Vallejo St 2b/2ba sold 12/05/14

Let me know if you have any further questions.

Regards,

Lizete Santos
Broker-Realtor
McGuire Real Estate
415-606-5053
lsantos@mcguire.com
... more
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SFisHome.com,  in San Francisco, CA
Fri Feb 8, 2008
SFisHome.com answered:
Any of the Realtors here, including me, can run a historical price report for you. But none of us can tell you what's going to happen 10 years out, and don't trust anyone who thinks they can. 10 "experts" whether economists or Realtors, or investors, will give you 10 different answers. Going back 10 years it's been an incredible run up. But that's no guarantee the same thing will happen over the next 10 years, in fact many will argue the next 10 will be terrible (I'm not one of them). I do have some thoughts on what might see a disproportionate run up in value compared to other properties... but you're going to have to email me for that opinion... the "info@" email on my site (below) will find me. ... more
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