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Market Conditions in 94108 : Real Estate Advice

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  • Home Buying1
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Activity 128
Tue Mar 29, 2011
Amy Blakeley answered:
Hi ZH,
There has been a steady increase in rental demand, and since about November of 2010 it has resulted in much higher rents across all of San Francisco. Rental demand will always be good in SoMa/Mission Bay due to the proximity of the CalTrain station, which takes our young tech execs down south to their jobs but allows them to enjoy city living. It is important that you look at what it will cost to own a particular unit and thenat market rents. There is no crystal ball that will tell us how rents will fare in the future, but as long as silicon valley is an employment hot spot, there will be a solid rental market in SoMa and Mission Bay. If you would like to discuss your budget and what types of properties are currently avaialable, I'm happy to review it with you. ... more
0 votes 0 Answers Share Flag
Sun Mar 13, 2011
Michael Novia answered:
Mon Jan 31, 2011
Oliver Burgelman answered:
Hello,

I am currently preparing a property in the area to come on the market. I would be happy to speak with you concerning the value and marketing of your home.

Feel free to contact me at your convenience.

Warm Regards,

Oliver Burgelman
Zephyr Real Estate
415-244-5846 Cell
oliver@zephyrsf.com
DRE# 01388135
... more
0 votes 4 answers Share Flag
Tue Dec 14, 2010
J Mario Preza answered:
This is a result of limited resources (supply), and a very long waiting list of people who want these types of arrangements, and the trend for people in those arrangements not to give them up as easily once they're in. ... more
0 votes 1 answer Share Flag
Thu Apr 26, 2012
Matt Finley answered:
This question is too broad to confidently answer. On one side, this remains a Buyers market - though there are neighborhoods that remain highly desirable with little inventory. On the other side, there was an article in last week's local paper indicating rents are on the rise. What are your goals? Do you want to be a property manager? As a first step, I suggest you understand the current value of your home in this market.

Brian Anderson
CLIMB Real Estate Group
DRE# 01713343
(415) 846-6251 phone
... more
0 votes 13 answers Share Flag
Fri Nov 12, 2010
Anna M Brocco answered:
Consider buying where your wants, needs, lifestyle, finances, etc., will be most fulfilling to you--where would you be happiest living....keep in mind opinions are often subjective, what may be good for one is not necessarily the case for another. ... more
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Wed Nov 17, 2010
Phil Rotondo answered:
Do you mean TLC (Tender Loving Care)? It's a good idea if you can do the necessary repairs
0 votes 12 answers Share Flag
Fri Oct 8, 2010
Lisa Postell asked:
Wed Sep 15, 2010
Anna M Brocco answered:
You can always consider contacting any local realty office(s), as any local agent can help you, then go from there.
0 votes 2 answers Share Flag
Thu Aug 12, 2010
J Mario Preza answered:
The idea that San Francisco is unique somehow when it relates to real estate is almost to suggest that it is on another planet. Let's face it, ALL REAL ESTATE throughout the country, and in many parts of the world, I'm told by people in the know, has been affected by the burst of the real estate "bubble". But if you're asking how it affects the agent(s) versus how it affects the public at large, there may be a different take. I have had numerous people approach me with the desire to sell a house due to their inability to maintain their payments. What they discover after an analysis of their house, their financial situation, etc., is that they are "under water" or upside down -- to their dismay. I can continue to help people sell a house -- even in San Francisco, however, the brunt of what I have seen in the past few months (and beyond) is a lot of homeowners who are in that same boat. Unless you're dealing in areas of the City where people have had their homes in the family for years, sure they'll take a loss, but it isn't as though they owe more for the house than it is worth. It is more about losing a percentage of their original potential profit, and for some, this still makes sense when they'll more than make up the loss at the next house they buy. The problem is, GREED gets the best of them when they want more than the market will bear. As for buyers, houses have not reached $130,000 in San Francisco, I'm afraid, (and they probably never will, right?). Hope that helps. ... more
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Wed Jul 28, 2010
Natasha Makarova answered:
Hi Erot,
R-1 for single family
R-2 Single & Two Family
R-3 Low Density Multi-Family
R-4 High Density Multi-Family
0 votes 3 answers Share Flag
Tue Jun 12, 2012
Lance King answered:
Elie,

If you are talking about buying property to hold and rent and be cash flow positive on the rent vs expenses, it's tough but not impossible. While rents are high in San Francisco so are prices, and as you move away from the city and prices get lower so does demand.

Over the last couple of years I have seen a number of properties that work, most notably two duplexes that I personally bought, remodeled, and immediately sold. A large part of the mix in determining to go ahead with those projects was the determination that if for some reason we couldn't sell the properties they would be cash flow positive if we had to rent.

It's much trickier in San Francisco and other areas where they have just cause evictions but it can be done. Contact info is below if you would like to dicuss it offline.

Best Regards,

Lance King/Managing Broker
lance@fixedrateproperties.com
415.722.5549
DRE# 01384425
... more
0 votes 3 answers Share Flag
Tue Feb 9, 2010
Jason Chapin answered:
Hi Lee,

Certain neighborhoods in these districts have steadied or may be appreciating slightly. Others still have a lot of pressure. The Outer Sunset area still has its share of foreclosures, but there is greater activity in the areas with lower prices. Values held steadier in D1 and D4 neighborhoods.

Regarding property type, condo values have fallen further than SFH values, but there's still pressure here...

Does that help at all? I'd be happy to be more precise if you can forward either a zip code or a neighborhood.

Take care, Jason

Jason Chapin
McGuire Real Estate
415-420-1143
jchapin@mcguire.com
... more
0 votes 4 answers Share Flag
Thu Jan 14, 2010
Vicky Gkiza answered:
Hi Jed, This is an excellent question!

I would definitely value more an agent who is involved with the local community because it shows that the agent is a) knowledgeable about the local matters and b) he/she cares about me as he/she dedicates time and effort to make the location where is might live in better.

On a separate note, tennis skills are always a plus, but not a must :)
... more
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Sun May 16, 2010
Eric Michael Abrams - California Real Estate Broker answered:
It's possible that Lowes will increase the desirability of the neighborhood, and that could translate into increased property values. Though, it's relatively unlikely that the Lowes will have a direct impact on property values that can be measured.

Lowes attracts a different demographic range than Home Depot does, and as the "anchor" of a shopping center, it's very possible that other mid-range retailers will enter the district in an attempt to capitalize on the traffic flow that Lowes will generate.

Over time, those retailers have the potential to create value for the neighborhood's real estate, but to directly answer your question it's unlikely that Lowes will directly increase property values in Bernal Heights in an immediate manner.

It's good news, but the value it will add to the neighborhood will take time to be realized.
... more
0 votes 7 answers Share Flag
Sat Nov 14, 2009
Patrick Lowell answered:
Hi Michael,
$507.39 is the average $ per sq ft in Monterery Hts for single family homes sold over the past 6 months. Keep in mind that quality and location varies greatly, and the number of recent sales in Monterey Hts is only 6, so use caution when using the price per sq ft analysis.
If you are not already using a Realtor and if I may help you to research this further please let me know.

Patrick Lowell, Realtor, CRS
www.PatrickLowell.com
... more
0 votes 3 answers Share Flag
Thu Sep 23, 2010
Jana Lee answered:
Carlitos,
San Francisco has different areas with different inflation results in the past. Personally, I don't feel that it has really dipped to that extent in the more desirable areas but in some , Yes it has dipped quite a bit. In either case, prices are definately alot better that they were 5-7 years ago.
Jana
... more
0 votes 8 answers Share Flag
Thu Sep 23, 2010
Lee Taylor answered:
I don't believe in any way that the banks are prepared-I believe that every bad loan is a case by case problem and that yes, it's all about finding talented people to fill the loss mitigation and collateral evaluation demands.

File after debt-riddled file...

The worst is yet to come.

The buying opportunities in some submarkets of luxury real estate will be remarkable.

The best research that I've seen is forecasting a real estate upturn around 2023-2025.

Until then, this greedy, funny money fueled, "credit default" debacle will collateralize, on a case by case, bottom line, conservatively appraised basis.

Google these names for some dire, but vivid research: Harry Dent, Chris Martenson and Nuriel Rubini.
... more
0 votes 4 answers Share Flag
Thu Aug 12, 2010
Eileen Bermingham answered:
Hi--Admittedly, there is a limited amount of data surrounding your question. :) I'm assuming you mean a major earthquake that results in extensive, citywide damage. In general, any major natural disasters tend to freeze activity in all markets. For example, I remember that after September 11th, it was quite a while before the real estate & financial markets got back to normal.

After our last big quake in '89, the focus was on rebuilding damaged properties in many areas of San Francisco. The real estate market tends to mirror human behavioral activity, and pretty much no consumers are thinking of buying or selling property after a major earthquake. After the initial recovery period, transactions do pick up again. I'll be interested in the many responses I'm sure you'll receive to your interesting question.
... more
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